I was thinking about doing some home renovations. Should I go ahead or not?

Tim Hanson, senior analyst at the Motley Fool: Again, that depends on your individual situation. My wife and I are actually planning on doing something with our basement in the near-term, but we've dialed back our plans. If you have the money and believe that the improvement would benefit your quality of life, then go ahead. But if you're hoping to renovate to increase the value of your home, then I'd reconsider. Home values are going to continue to drop in the near-term, and you may not recoup the money you thought you'd been "investing" in a renovation.