Of Homeowners whose house values have been depleted ..of course!Today I found out that my house is worth exactly the same amount I paid for it in Dec 2003(source:Zillow.com).After a peak in 2006 that is a 26% drop in a moderately less affected part of the country.The 5 year annualized decline of Median House Value in CT is..yep you got it..0.0%.This kind of puts a damper on our lifestyle and we start thinking with "What-if" scenarios.It does look frightening when we have to plan for the worst case.
I refer to the "House" and not "Home".Home is something that you build with your family and the equity in that investment has grown manifold with Sahana and Vinay providing us with lots of "gains".Our losses though are limited to in no particular order- Sleeping Late on Saturdays(and Sundays),Going to the Movie Theater and Bank Balances.
Ciao
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