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Old 02-04-2008, 12:40 AM
 
Location: Morris, MN
137 posts, read 612,064 times
Reputation: 139

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I was entertaining a job prospect out of state. The only downside was the place I was going to move was in an upmarket. We are in a down market here in western Wisconsin (twin cities metro) mostly to overbuilding by mass developers.
My main focus of moving was the leave the metro area and this high mortgage for a rural area with a lower cost of living. I could have pulled it off had my home not lost a whopping 15% of its assessed value in the last year. ridiculous! Thank God I'm not upside down in this.
I never thought I would be staying only because I couldn't afford to move. Darn it! I'm not going to give this house away!

Anybody else shocked to the degree we are with the losses in property value? side note: the property taxes did decrease slightly (although not 15%) the only blessing in disguise.
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Old 02-04-2008, 10:41 AM
 
Location: Wonderful Wisconsin!!!
387 posts, read 1,332,201 times
Reputation: 244
We moved here from New Hampshire. Our home in NH in 5 years lost almost 25% of its value. Lucky for us my husband's company bought it and will rent it out. The market is falling in most places.
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