Bjerknes

"Top Economist"
Mar 16, 2004
116,240
Must be the humidity.

Dude, what is going on in the Chi? Nothing but disastrous news coming from there. Both the CME and Sears are threatening to move their HQ's because of taxes, flash mob problems almost daily. Then I saw this and was like daaaaamn.

Just got rejected on a refinance from 30-yr to 15-yr fixed.

Bought home near Elmhurst in 2003 at $259,000.

Appraised in 2006 at $305,000.

Appraised October 2010 at $276,000.

Just got the refinance appraisal from two weeks ago... $155,000. Absolutely stunned.

If this is an accurate appraisal, we are heading into a DEEP depression.
 

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