posted on Mar, 27 2012 @ 05:58 PM
I was just thinking that my home has dropped in value by a third since 2007 and lo and behold I found this article.
Home prices have fallen a whopping 34.4% from the peak set in July, 2006.
What really stinks is that the tax assessment rate has not diminished.
I see little hope for it regaining value. I'll be happy if it doesn't drop to the price we paid for it in 1985.
At least my house is paid off. I really feel for the people who are underwater on their loans