I must admit... I don't have ANY interest in following the price of my home or the homes in my subdivision. With that said - I was a little shocked when a neighbor placed his home on the market for sale.
So - how do you feel about your home values? I understand that lots of people are very upset that their home value has declined and are looking to place the blame on someone... ANYONE.
I recently had a conversation with a person who assigned blame on appraisers, Realtors, mortgage brokers, banks, Wall Street and the government. After their rant and rave - I pointed out the Tulip Bulb mania in the 1600's... the Beannie Baby craze and the dot-com bubble. I explained that the real blame is on human beings greed.
I did my best to explain... but, I guess I'm one of the bad guys because they didn't understand or believe me...
I guess the truth hurts!
By the way - my home has declined in value by over $100,000 since 2006! But, it's my home where I raise my kids and keep warm in the winter!
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