Monday, January 19, 2009

The State of the City

The real estate market slump continues. And according to Yahoo finance, 8 of the 10 worst expected markets for 2009 are in California. Sacramento is #5 on the list.

I know this isn't uncommon these days, but our house is worth about 100k less than what we owe on it. That's a bummer for sure, especially since it eliminates any option to refinance, which would allow us to take advantage of the historically low interest rates.

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The good news though, is that Sacramento ranks #19 of Men's Fitness' top 25 fittest cities in America.

1 comment:

Amanda Lomonaco said...

Maybe we are fit because we can't afford cars and have to walk or bike everywhere? I'd rather put on a few and not be $100K in the hole on our house. Ugh.

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