Hi realist, I'm sorry to hear you're taking a hit.
Real estate had a great runup from the mid 90s until 2006. Its only natural for home prices to go back to early 2000s levels.
I think when people started "flipping" houses like they were day trading stocks about 4 years ago, it shoulda been a sign something was really wrong.
While we knew people leveraging their existing home equity to buy more real estate, my wife and I took advantage of the easy money to get a 10-year low interest mortgage on our house and a home equity line with anadjustable interest rate that's about the same rate as most 30 year mortgages.
I also had no idea how many people in my age group had too a high percentage of their saving in stock mutual funds.
Chris
My other online trading account is a mattress !
