Help me please!
2007-01-13 11:09:38 · 9 answers · asked by Stumped 3 in Education & Reference ➔ Higher Education (University +)
What was the value of the home after the end of the year?
2007-01-13 11:25:11 · update #1
Wow.. tough luck... I guess it's a buyer's market. The house is now worth $400,000....
is that what you're asking?
2007-01-13 11:12:05 · answer #1 · answered by ♪ ♥ ♪ ♥ 5 · 0⤊ 0⤋
Stay the course. Find a way to keep the home until the value goes up again. Refinance, rent it out, find a way. It may take some belt tightening, but most people cannot afford to waste away that much equity.
2007-01-13 11:21:38 · answer #2 · answered by Bob 4 · 0⤊ 0⤋
A 20% dep means it is worth 80% of its purchase so
it is worth .8 X $500K = $400K
Was this really a higher ed / university class question ?
It looks junior high to me . . .
2007-01-13 11:18:46 · answer #3 · answered by kate 7 · 0⤊ 0⤋
Temporary fluctuation... hold on to the home for 5 to10 years or more and you will get your money back... it's a buyer's market now... wait for the seller's market again in about 5 years !
2007-01-13 11:19:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Quite possible depending on location. Haven't you heard that the housing bubble has burst?
2007-01-13 11:17:39 · answer #5 · answered by Del C 3 · 0⤊ 0⤋
Its current value would be $400000, is what what you wanted?
2007-01-13 11:12:49 · answer #6 · answered by Anonymous · 0⤊ 0⤋
is now worth $400,000 is that what you are asking?
2007-01-13 11:12:48 · answer #7 · answered by MtnManInMT 4 · 0⤊ 0⤋
Do you live in new orlenes?
2007-01-13 11:12:43 · answer #8 · answered by mag48 3 · 1⤊ 0⤋
how can we help, you did not give any real information
2007-01-13 11:13:46 · answer #9 · answered by Anonymous · 0⤊ 1⤋