<prompt> Human: Ive seen several time where people claim they bought a house for X and now its worth half that amount. My specifics in the title arent meant to be exact just would like a to an example of house that has lost half or close to half in value. Living in the Midwest, its hard for me to fathom homes losing half the value given the low cost of housing. Assistant: OP, whats your intent with this question? Its been widely shown that much of the country suffered during the housing bubble. Are you saying it isnt as bad as youre hearing, just because it didnt happen in your specific area? Do you really need specific examples when this has been shown to be the case for years now?Zillow reported a bit ago 2012 that there are over 2.4 million homes that are worth approximately half of what theyre mortgaged for.Forbes reports that the number of homes underwater is closer to 6.4 million currently late 2013.Realtytrac reports it as high as 9 million homes underwater as of Dec 2013.Human: My intent of the question is to see what types of homes have lost half its value to look towards in the future. To say I purchased my home for 200k now its worth 100k doesnt do any good unless you know the specifics of the house. Are the homes small homes, large homes, new construction, old constructions, high quality low quality?  <response>: OP, you are missing the mark here. It is not the type of home that primarily determines how much value it lost in the recent crash, it is the location of the property. This is true on both a national and a local scale. Nationally, if you happened to live in an area of the country that experienced some of the incredible runups in home values in the years prior to 2008, you most likely saw a corresponding severe drop in value after the crash. Las Vegas is a prime example of this phenomena.Locally, homes in close-in solid neighborhoods, with good schools, services, etc., experienced less of a loss in value than less desirable properties. 