From Josh Overmyer …
Overall, my home ownership story has been a truly awful experience that I wouldn’t wish upon anyone… but these days, I am finally seeing some light at the end of the tunnel.
Quick recap: Bought a 1,180 square foot townhouse in Southwest Florida in April 2006, for $175,000.
Long story short, my home dropped in value by well over 50%. According to my assessed values, my house dropped from somewhere in the $100s down to a low of $27,430.