People are still borrowing gobs of money for rapidly depreciating houses. Prices are still falling and in fact the declines are accelerating.

Prices are falling in KY.

Don't be stupid.   Housing prices inflated as result of securization begininning in the late 70's, NOT wages. Wages have been flat for the past 20 years.   Houses are depreciating assets and have a long way to fall

Zillow prices are grossly inflated.

"unique and special purpose properties" huh?   It doesn't get any better than that beaut. lol

You realtors are creeps.

Who cares what you have into it?   It's only worth a fraction of what you have in it. Houses depreciate like ALL man made, manufactured items.

Your losses are just beginning.

"We are in south Alabama where values haven't dropped as much as average homes have."   Let me guess.... Because "it's different there" righ? lolol   Here's a reality. You couldn't find a buyer for a small fraction of what you have in the house.