Tuesday, April 21, 2009

[JessFinds] I heart the economy

Just got the town tax assessment. My home value has plummeted almost $24k below what I paid 2 years ago! I currently have NO equity. Wait - negative equity! At least my property tax will be lower, lemonade out of lemons, right?

Trying to breathe. It was valued at $22k more than what we purchased it for back in 2007. So technically, that is a $46k drop.

And this, people, is why we are on a 5 year plan. Wasn't going to sell the place anytime soon.


Joie said...

At least your town reassesed recently. Ours assesed back in 2005 and that price still stands today for our taxes.

Marie said...

Have I mentioned we are refi-ing? I never get to move. but my interest rate is now like 4.5%... and it saves me several hundred dollars a month. oh, well.

Kristin said...

I am in exactly the same boat. We bought a year ago and are 20,000 below what we paid. Sigh.