I have a feeling some properties did crash 40% plus - you just had to be in the right place at the right time (or wrong place wrong time in our case) - like when I SOLD an IP in late 2008.
A house up the street (similar land size etc, but nicer presentation etc) went for $680k early 2008.
Spring 2008 and we had a shot - struggled - eventually sold for $450k....
I wonder if some people here wished they had bought that when I told them about it!
Cheers,
The Y-man
Was that early 2009 that a similar house to yours sold for $680? I think there were some people on here who were buying up in 2008 - they would have done well.
Not sure if anyone bought your old IP??
Regards Jason.