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The value of my home on Zillow incomprehensibly has been dropping by insane amounts every month.

The value of my home is now WELL below what I paid for it, and well below what similar apartments sell for in my area (Chelsea in Manhattan).  Can someone please try to give me some clue why this is happening?  Values in my neighborhood are on the upswing, not the downswing.  It's not much fun seeing obscenely low values put on my home, then see them keep going down. 
  • March 06 2013 - Chelsea
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