In Ashland, Oregon, during the “boom”, real estate PRICES, NOT real “value”, went up 20% a year for five years (doubling price), based on “flipping” and phony loans mostly. Now, prices have gone down 30% of over the last five years— so, where is the real loss if you’ve actually been living in a home for 10 years? Your still up by 70% of “value”. Just a thought.
In Ashland, Oregon, during the “boom”, real estate PRICES, NOT real “value”, went up 20% a year for five years (doubling price), based on “flipping” and phony loans mostly. Now, prices have gone down 30% of over the last five years— so, where is the real loss if you’ve actually been living in a home for 10 years? Your still up by 70% of “value”. Just a thought.