Anonymous writes "Assuming your home value should rise with inflation, 3-4% per year, and your home has the same value as it did 10 years ago, then you have lost 30-40%. Any maintenance upgrades you may have thought been adding value can also be added to your loss. Now you may be upwards of 50-60%. Housing in the Syracuse, Oswego, Fulton area is some of the lowest in the country. It has not increased for alot more than 10 years. Some people may very well be down over 50%. NOBODY has any money to buy a home. The assessors in the area are out of their ever loving minds. I still own a home in Oswego and i have had to rent it out for 5 years because I could not sell it. My taxes are rising to the point that I can barely rent it out for what I need to get for it. So you know what, I now own another home, my bills are paid off, and I do not need the bank for 10 years.; so they will soon be receiving my home back. Courtesy of foreclosure. If the assessor says it is worth $107,000, and I could not sell iot for $83,000, guess what; take it. I am sick of maintaining it, I am sick of the tax bill, I am sick of the sewer tax quadrupling, I am saying take it. The liberals think successful people should give their hard earned money away, then here, I am giving my house to the bank. Have a nice time in that crap hole of a town.
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