AZ, CA, FL, Fort Wayne...who is worse off?

I know of your recent home value losses. However, I wonder how they compare to my situation.

I bought a nice home in a nice neighborhood in 1988. I have maintained it well. Total kitchen remodel along with both bathrooms. Area is still very desireable with low taxes, low crime, and infrastructure.
However, after adjusting for inflation my home is worth 47% of what we paid for it (or 140% of 1988 price with no inflation). Neither figure takes into effect the cost of home improvements.

The question is how are home values in your areas in relation to their 1988 values?

Bought my house in INdianapolis suburbs in 2001. 10 years and one housing crisis later its worth 87% of its original value.

I have zero regrets. Housing is dirt cheap in the midwest (the primary reason I moved here). Its cheaper to buy a house than to rent an apartment. Thats how it was in 2001...its even more the case now. I paid 150k for my 2000 sq/ft house - its now worth about 130K. My monthly mortgage payment is $726 (the average 1000 sq/ft apartment rents for over $800/month)

The quality of life is an entirely different echelon in a house compared to an apartment. And I'm on pace to have this sucker paid off 10 years early - and then its party time !