<p>As I said, I just watch trends. It’s all funny money anyway (unless you are the one losing it, in which case it is very real money indeed), but houses have devalued by far more than 10%, just anecdotally, looking at what the same houses sold for pre-improvements several years ago. We are talking hundreds of thousands of dollars here…not exactly pocket change, and that doesn’t include the cost for new kitchens, bathrooms, landscaping, etc.</p>
<p>We’re riding out this real estate slump, so I don’t feel affected, but surely feel for the people who bought high and now are watching prices plummet.</p>
<p>And we may be at the bottom, on the upswing, and we may not. Hard to tell. Information is conflicting…</p>