Ivan the Credible

Homes Under Water: Looks Like a Long Slog for Homebuilders

"Most of us here in California have watched our values drop so low....My home has lost better than fifty percent, and no it isn't one of those 3500 square foot spec houses in some damned subdivision neither. It is a nice two story mountain house on 2 acres. At the height of the market, it was valued at 450K, now 220K which is exactly what I paid for it in 2004."

So what exactly have you "lost"?