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 Zillow.com) 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.