We moved in during May 05. I've now finished 95% of the interior of the home and have to touch up some of the first stuff I did (since I used craptastic Behr paint). I hope to have it for sale in the next month even though I know it will be awhile before it sells. We aren't taking as bad of a hit here as a lot of places so maybe things will work out.
This is one wall in an upstairs bedroom. We painted the paneling as a temporary fix so that my brother could live here for a few months. When it came time to fix the room... well see for yourself.
When I moved in. My g/f and I actually slept in this room for 5 months while I fixed the downstairs enough to get the hardwoods done. We only got rained on once while we were sleeping.
We took down the paneling and found out that there had been a leak around the chimney that had been neglected for some time then covered up. The other side of the chimney wall in another bed was just as bad.
Once we removed the plaster we found poorly framed walls. They had to come out as well. The closets on either side of the chimney couldn't stay so out they came out too. Plaster and rough cut heart pine 2x4's are really heavy.