We are selling our home in Colorado, for the exact same price we bought it for a year and a half ago. So the market hasn't lost too much value in our city, but still losing some money because of the realtor fees.

We are moving back home to California and the noticed how much the house values have gone back down.

Heard that they are going to keep going down for a couple years.

So now we don't know if we want to buy or rent.

Opinions would be appreciated.

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Lisa
Work at Home Site, Tips & Options
My Skin and Hair is so soft, thanks to these organics

I had the same issue. What we did was tried to decide if our house was going to be an investment or a dwelling. Once we decided that was where we wanted to raise our kids until they are 18, then the decision was easy.

I now don't care if the values go up or down. We just made sure we could pay the mortgage even in very hard times. i

I think if we decided to go the other way, as an investment, we would have held on for just a little longer until we saw something positive in the economy.

so we ended up renting in California where my hubby has to work. But we did buy a bank owned home near Temecula. We can't stay in it yet, so now are renting that out. Eventually we will move to our dream home, it is beautiful and bought is half price of what is was going for a couple years ago.

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Lisa
Work at Home Site, Tips & Options
My Skin and Hair is so soft, thanks to these organics