There is one that I can think of that is about to close $70 to 80K below what they paid in early 2005. Throw in transaction costs and its a hit of about $120K. They sold a house and brought tons of equity when they bought last year. Job relocation forces move.
Unfortunately, a similar situation might just occur in your neighborhood. The record sale in VSB on Valerio Trail was $1.825M in October 2005. It just came back on the market tonight with a range of $1.75M to 1.929M! It’s way to early to tell but with transaction costs of close to $100K and 9 homes on the market their hit could approach 200K.
