Damn. Where is this? Was it a relatively new subdivision?
See I bought in Bexley, a community that had been been well established. We never considered new builds because we had heard horror stories, but granted this was in 2007.
Well, I guess it could be worse, you could have lost $100k in value and been extremely screwed, if you're getting $148k and your neighbor just got $113k, I'd consider it a blessing and run, run fast.