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Home > March 2010 - Underwater House Value

March 2010 - Underwater House Value

April 2nd, 2010 at 06:46 pm

Cash & Savings: $108,344 (1.09%)
Foreign Currency: $29,624 (0.01%)
US Brokerage: $99,201 (5.14%)
Overseas Brokerage: $52,727 (10.55%)
401(k): $48,213 (1.08%)
IRA: $81,062 (5.89%)
Roth IRA: $24,644 (1.10%)
Total Assets: $443,815 (3.82%)

The world's market was able to shake off the news from the deficit crisis from Europe but the most disappointed realization is that the value of my townhouse is probably down by 7% or even more. I did the study because I planned to do some remodeling of my house and didn't want to invest too much when no one is going to pay for it.

Compare to many other areas a 7% decline may not be that bad but it's not something any home owner wants to see. An article from USA Today on Thursday pointed out that home prices in the Atlanta area where I live and other metros won't recover until 2016 and metros like Detroit is not projected to recover by 2020. So is the excess of the first decade of the new millennium.

Posted in Uncategorized | 4 Comments »

4 Responses to “March 2010 - Underwater House Value”

  1. Analise Says:
    April 3rd, 2010 at 01:31 am 1270258306
    1270258306

    What do the percentages next to each category mean (e.g., Cash & Savings 1.09%)?

  2. Easy Cloud Says:
    April 4th, 2010 at 08:23 pm 1270412632
    1270412632

    In the example above it means my cash position has increased 1.09% from last month.

  3. Jerry Says:
    April 30th, 2010 at 08:07 pm 1272658024
    1272658024

    I fear that an estimate of a Detroit recovery by 2020 is optimistic almost to the point of being ludicrous, unfortunately. But hey, maybe if they can get the Lions playing decent football, there's some kind of insurance for a decent future in urban Michigan? =)
    Jerry

  4. Easy Cloud Says:
    May 2nd, 2010 at 07:35 pm 1272828929
    1272828929

    How bad is the situation at Detroit/Michigan?

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