I was just curious how much money you guys have lost on your house recently? If you feel unconfortable, you can list a %. I live in a nice area of NJ and I bought in 2004 which was the height of the market at $375K. Since then I have done roughly $30K of improvements to it. So it brings me at $400K-$410K. So recently we have been looking to upgrade. So I get a comp quote back, and now I am not sure what to do. The Real Estate broker said to list the house at $320K and we would most likely get $300K. But she wants me to do like $5K worth of fixes to it first. Now this 5K is basic shit, that any home buyer can do. This 5K is nothing major. Just spackle some cracks, paint, power wash, stain the deck, fix one area. But for a handy man, all that shit comes up quick. I would do it, but it would take me a month or more to do with having to watch my son and all vs. a handy man about a week if that. So, if I sold at $300K and spent $5K to do all those things. Then do the 5% sellers fee, we're talking me netting $280. That is a 30% decrease on investment since 2004. In Florida and other places I could see this. In the tri-state area, I am really at a loss. 30% decrease is insane. Not to mention that I actually bought my house $35K below market value at that time. The home owner that owned my house basically hit the lottery and sold the house to us because we had no house prior. She didn't need the money, she just wanted the house gone. So technically, that would make this $440K total, which would no go down to be $280K all said and done. That is a $160K difference. That is a 40% decrease! I am not sure what to do now. Realistically, that will cover my mortgage and make me have to seriously and heavily tap into my savings draining almost all of it for the new place. Not sure what to think. Also, not sure, but I may get a second opinion. The problem I have is that the comps I got were of 2-3 Bed houses with 1-2 Bathrooms. My house is a 4 Bedroom 2 Bath house. So how the hell are they comping 2bed 1bath house to a 4bed 2bath house? Doesn't make sense. Only in the tri state area could my taxes, commute and normal living expenses have gone up by 50% and my house decrease by 40%. By the way, I am not over exaggerating when I say that my living expenses went up 50%. When I moved in 2004 here is what I was paying: - Taxes: $4,100 then, $6600 now = 60% hike - Train to the city: then $229 per month per person, now $359 = 56% hike - Crossing the Verrazano = then $8, now $16 We won't get into the rest. The American dream MY ASS. Don't buy a home people, its a fucking scam. I was talking to my real estate broker, and she said they don't think that the market will return to 2004 prices for at least 10 years minimum. Good Investment, my ass!