Buy Alexandria Real Estate: Has Your House Lost Almost 42% of Its Value in 9 Months?

Alexandria Virginia Real Estate Blog

Has Your House Lost Almost 42% of Its Value in 9 Months?

Unless they just discovered toxic radioactive waste underneath your front porch, you're likely to answer this question in the negative. 

How about the stock market?

Well, 9 months is enough time to have a baby.  In the last 9 months, this baby has gone down a whopping 41.8%.  Since reaching 12,968.79 on May 16th, the Dow has plunged to 7,552.60 as of the closing bell yesterday!

Stock Market

Since October 1st, the Dow is down over 30%, and in the last 46 days alone, the DJIA has lost over 16% of its value.

Your home value may have decreased over the past year or two, but I'm certain that unless a meteorite or an errant airplane landed on your home, there's absolutely no way that your home has lost this much value in so short a time.

Where do you want to put your money?  The stock market or the real estate market.

It's your choice.

I'm here to help.


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Comment balloon 10 commentsBrian Block • February 18 2009 06:21AM


Brian, Great analogy and a great reason to buy real estate today.

Posted by Barb Szabo, CRS, E-pro Realtor, Cleveland Ohio Homes (RE/MAX Trinity Brecksville Ohio) over 9 years ago

I'm leaning toward mattresses these days. 

I suspect that folks in the "out counties" have lost 42% of their home value. 

But, shucks, they at least have a place to live.

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley,, MD & VA Homes and Real Estate) over 9 years ago

real estate... well it is REAL.. and it will survive regardless of who is in power or what the economy is doing, up or down, Real Estate is a finite substance.  Some stocks are totally worthless because the company goes bellyup (not all are as large as GM and "deserve" a bailout) and the stockholder is left with zilch, zero, nada, nothing.  With real estate, if you can keep the bank away, you still have something.

Posted by South Austin Real Estate Blog (Sky Realty South Austin) over 9 years ago

Brian- this is the reality of the market that has caused many investors to do what investors should do- diversify. It's hard to find any single asset that can hold any type of equity.

When you can purchase a home that is selling for less than the cost to build it... well... let's just say that's a value proposition that needs to be explored.

Posted by Chuck Willman, Utah Homes (Utah Homes) over 9 years ago

You got any good news Brian? - LOL I am so sickened by it I don't even look anymore. Should have kept all the money under the tomato plant:)

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) over 9 years ago

A home and the land it is built on is something you will at least have at the end of the day.  It is physical and tangible.  Don't remind me about my stocks.

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) over 9 years ago

All my pennies ARE under the mattress!  But Don't rob my house ! - those pennies are the ones left from my 401K.  They wont get you far.

Posted by James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move (Real Living | At Home) over 9 years ago

A client called today and said she wants to buy rental property--she sold her stocks last week at a huge loss.

Posted by Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A. (Charlemagne International Properties) over 9 years ago

Great Points Brian. Do you mind if I print this out so my husband and I can show everyone we know! :)

Posted by Mandi Perkins (Pioneer Title Agency) over 9 years ago

Hi Brian -- Very thought provoking post.  I wonder though, in some sub-markets, how much have prices gone down?  Say, out in the hinterlands of Loudoun or Prince William County, where buyers would buy 500K-1M new homes two years ago to now watch those prices plummet and demand wane, all the while in places like Chevy Chase, prices are holding their own, if I were venture to guess.

Posted by Chris Olsen, Broker Owner Cleveland Ohio Real Estate (Olsen Ziegler Realty) over 9 years ago