Are you under water?

[Samuel L. Jackson]

Go to www.zillow.com for a quick and pretty accurate home value estimate.

For comparison's sake, my home is valued at $177,000 on that site... for just over 1,700 sq ft...

That said, when we bought the house, we paid around $185,000, but we also had them finish two "bonus rooms" upstairs (the only two rooms upstairs).

The total square footage with those two rooms is just over 2,400, so by my own estimates, we're still valued at or even above what we paid for it... If we were to sell it, we'd start out asking at least $220,000, and I think we could get no less than $210,000...

[Cat]

Also I do know people that are. They bought in the middle of the boom, a few of them in plaza midwood.

[TheSaint]

according to zillow my home lost value...

[Samuel L. Jackson]

If people learned to only spend what they had or had the ability to repay, this country would have never been in such hard times...

Sure, corporations and such have a hand in it, but if we stop buying things, they'll have to cater to us too...

[Davidson Deac II]

Site says that mine is $141,000, thats about average for Davidson County. If thats the case, I am definitely not underwater. Of course, I seriously doubt I could get that much for it, since the unemployment rate here is so high. At best, I could probably get $125,000. Even then, I am not underwater.

[Cat]

Zillow has my house valued at exactly what i paid for it last year. But one of my neighbors has the same house without the bonus room and less land and it's valued 8k higher.

[TheSaint]

If people learned to only spend what they had or had the ability to repay, this country would have never been in such hard times...

Sure, corporations and such have a hand in it, but if we stop buying things, they'll have to cater to us too...

people are dumb. and banks took advantage of that. shocking how much money banks are willing to lend.

Of course, the assholes who got in these no down payment loans, and eventually stopped paying on their houses really didnt lose a fuging thing.

[Zod]

Bought ours in 2000, believe we have about 65k in equity right now.

[Cat]

Meh....in most cases it is usually off by + or - 8% or so. I think they have mine about $10K higher than what it really is,

That's huge. so per that site my house could be worth 21k more or 21k less. I'll just go by our appraisal. It was appraised right at a year ago, can't imagine its gone down too much since than. It appraised 35k higher than zillow is saying it's worth.

[Panthro]

Glad I didn't buy but when I do I'll be putting at least 30% down....and going with a 15 year fixed.

[Johnny Rockets]

That's huge. so per that site my house could be worth 21k more or 21k less. I'll just go by our appraisal. It was appraised right at a year ago, can't imagine its gone down too much since than. It appraised 35k higher than zillow is saying it's worth.

Yes, your appraisal is what maters and is much more accurate. Zillow is just an estimate on what your house should appraise for.

[TheSaint]

oh..and i bought in '06. Absolutely worst time ever.

[Jase]

I just bought last spring so I'm over water level by about 30%

[Johnny Rockets]

Glad I didn't buy but when I do I'll be putting at least 30% down....and going with a 15 year fixed.

That's the way to do it for sure....not me.....I didn't have that luxury.....wife and kids drain me of every dime I have along with my inner soul itself. Had very little to put down an had to finance the whole price over a 30 year fixed. Stupid wife and kids ruin everything!!!!!!!!!

I do have a good rate of around 4% for the whole time and am on track to pay it off in 21 years instead of 30. Doesn't matter, wife and kids will have me in an early grave before then anyway......stupid wife and kids!!!!