Bob C. wrote :
“In reality, each home is worth less today than it was in 2005. Most are priced at 2004 values.”
But in all honesty, why don’t you just sell your house if you can’t handle the ride down? It’s just going to get worse. Remember last downturn, years 3-5 were down 20% in the median per year! This one will be worse. If you can’t handle the equity loss, either sell now or stop reading the forums.
