Interesting
So I was listening to a segment on NPR on how housing prices have fallen significantly in California. Out of curiosity I decide to check the value of the house we owned in Berkeley. It hasn't decreased, in fact Zillow.com estimates it to be $50,000 more than what we sold it for. Of course this means I have to check all the other places that we've owned. Current house is down $10,000 from what we paid for it. However, that is nothing compared to our next door neighbor whose house is down just shy of $100,000. I find this funny since the area we live in is currently called Education Hill, but was once known as Poverty Hill. And the best yet is the house we owned in Richmond, VA. Bought that sucker for $66,000 in 1997 - fantastic $600/month mortgage payment. Loved that house. We sold it in 2003 for $142,000. Tidy profit for us. Those people sold it in 2006 for $168,000 and now Zillow.com estimates it to be work $220,000. Too bad I don't think you could actually sell it for the $220,000. Great house, but it's definitely a starter house. There are 7 other ones exactly like it on the block, we painted ours yellow to make it stand out. While typing this I had to go check out the house that was next to ours in Richmond. Exactly ours and the guy had been there forever when we moved in in '97. Just checked the last sale date of 1961 and he bought it for $14,000. Ok, I'm going to stop being nerdy and get off the zillow site. I just find it interesting and it all started with falling California housing prices that don't seem to be falling where I lived.