| | Re: Pretty Much Have Lost It
Also something I have to throw in to this: Think long and hard before you invest any kind of money into your home other than what's needed to maintain it. You might be living in a pocket where values haven't depreciated that much but IN NO WAY are we ever going to see a housing market the way it was when any darn dog (please note that I said dog, not cat) could have gotten a loan.
Market recovery is going to be slow and modest. It's not going to sky rocket again, so think long and hard before you put even $10k in improvements in your home (to maintain is okay just stay away from additions, added pools with waterfalls especially if most homes in your neighborhood don't have these features) unless you are 200% sure that you will be living in this house until the cows come home, whether she says I love you or not. It most areas it's not a good market to sell, if you can afford it it's always good and prudent to maintain but stay away from putting in a pool and expect to cash in on your pad in 3 years. Not happening! If you can't stay away from Home Depot, get new wall paint, change your throw pillows around, get new wall art, whatever, just don't add a another bathroom or a solar heated pool with beach entry and waterfall feature. You're not going to get even the slightest return on this.
This concludes today's real estate market update! LOL