Home prices down 48% from their peak. WOW is all I can say. I mean really why would I still own a home there it makes no sense just walk away. You bought a home for 300k and now it is worth $160 but your mortgage is 240k, why still pay it! makes no sense. Some of these places prices will never reach those peak prices without a drastic decline in the value of the US dollar and massive inflation.
Hmmm the stories never end
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