How much has your house value plummeted with the recession
My wife and I bought our house at the peak of the housing boom. July 2006. We often regret it because as much as we pay it seems we just barely keep our value above our mortgage. We have lost our down payment and I don't think we will ever get it back. If prices fall much more I may just lose my mind.
I bought mine in 1999. Less than 100,000 for the ground and hse together. Don't know what it's valued at now, I paid cash for the hse and 5 yrs on the ground.
I ain't moving, this is it. I own it, not loan it.