Plans to Refinance No More

What Women Really Think
July 23 2009 1:44 PM

Plans to Refinance No More

This is one of several reader responses we've published responding to the question "What have you given up in the recession?" Read more reader responses and Emily Bazelon's related story on recession concessions . Next question: What haven't you given up, despite the recession? Send answers to us at .

Thanks to all the properties in Jackson County, Missouri, being re-appraised without anyone actually viewing them, and our property value being lowered 19 percent because of the part of town we’re in, we’ve had to give up on our idea of refinancing to a lower rate. According to the County, our house is now worth $4,000 less than the mortgage owed against it. People closer to Kansas City fared far worse, with inner-city and surrounding inner-core area values dipping by 26 percent.


It’s really not fair. We have a nice house and excellent credit, but we cannot even refinance the loan we have without then paying PMI.

We bought the house twelve years ago for $16K more than it’s worth now. You tell me that’s not totally depressing.

I told the Home Depot guy about it and I ranted a little about how every repair we’d ever made was of no benefit and asked if anyone else was more reluctant to fix up their houses, and he started crying.



More Than Scottish Pride

Scotland’s referendum isn’t about nationalism. It’s about a system that failed, and a new generation looking to take a chance on itself. 

What Charles Barkley Gets Wrong About Corporal Punishment and Black Culture

Why Greenland’s “Dark Snow” Should Worry You

Three Talented Actresses in Three Terrible New Shows

Why Do Some People See the Virgin Mary in Grilled Cheese?

The science that explains the human need to find meaning in coincidences.


Happy Constitution Day!

Too bad it’s almost certainly unconstitutional.

Is It Worth Paying Full Price for the iPhone 6 to Keep Your Unlimited Data Plan? We Crunch the Numbers.

What to Do if You Literally Get a Bug in Your Ear

  News & Politics
Sept. 16 2014 7:03 PM Kansas Secretary of State Loses Battle to Protect Senator From Tough Race
Sept. 16 2014 4:16 PM The iPhone 6 Marks a Fresh Chance for Wireless Carriers to Kill Your Unlimited Data
The Eye
Sept. 16 2014 12:20 PM These Outdoor Cat Shelters Have More Style Than the Average Home
  Double X
The XX Factor
Sept. 15 2014 3:31 PM My Year As an Abortion Doula
  Slate Plus
Slate Plus Video
Sept. 16 2014 2:06 PM A Farewell From Emily Bazelon The former senior editor talks about her very first Slate pitch and says goodbye to the magazine.
Brow Beat
Sept. 16 2014 8:43 PM This 17-Minute Tribute to David Fincher Is the Perfect Preparation for Gone Girl
Future Tense
Sept. 16 2014 6:40 PM This iPhone 6 Feature Will Change Weather Forecasting
  Health & Science
Medical Examiner
Sept. 16 2014 11:46 PM The Scariest Campfire Story More horrifying than bears, snakes, or hook-handed killers.
Sports Nut
Sept. 15 2014 9:05 PM Giving Up on Goodell How the NFL lost the trust of its most loyal reporters.