Thursday, March 24, 2011

One step forward, many steps back

Since my post on March 10, our house value dropped another $2,500!  It's getting discouraging that the value is dropping fast than I'm paying it down.

So as of today the value of our house (using is $187,500 and we owe a total of $201,815.33.  So there is a difference of $14,315.33 to get to break even. On my February 1st post, I was only $5,698.93 away from break even and I have since paid down almost $4,000 since then!  Some day I have to catch up to this... I can't imagine the house value can keep dropping at this rate forever.

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