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Take whatever you think your house is worth and forget about another 10 to 15%. And that's right this minute.
Although all real estate is local, so figure it out yourself. Do some serious research on price history, inventory, NOD's, foreclosures, permits, etc. What you paid is just a 'sunk cost.' And a fantasy to think it will come back in the next decade in real (inflation adjusted) dollars.
And I would forget the new urbanism. Not a chance. The old urbanism made sense, so maybe that will work for you.
It only gets worse. All of it.
Best bet....get an assignment in Europe that includes a relo.
I seldom see any letters where I think the person is totally f*ed. But that's where I see you. Sorry.
