Home Values

Discussion in 'Real Estate' started by 2forISU, Apr 12, 2018.

  1. BoxsterCy

    BoxsterCy Well-Known Member
    SuperFanatic

    Sep 14, 2009
    30,703
    9,116
    113
    Living the Dream
    Minnesota
    Ratings:
    +22,846 / 445 / -1
    Just checking in to see if home values are holding. :rolleyes:
     
    • Funny Funny x 1
  2. Cyclone.TV

    Cyclone.TV Well-Known Member

    Sep 3, 2016
    3,750
    470
    83
    Ratings:
    +2,394 / 231 / -54
    Well duh
     
  3. ISUCyclones2015

    ISUCyclones2015 Well-Known Member

    Dec 19, 2010
    10,288
    1,263
    113
    Dallas, TX
    Ratings:
    +3,608 / 272 / -26
    Blasphemy! We're all completely different societies once we cross state borders [​IMG]
     
  4. brokenloginagain

    brokenloginagain Well-Known Member

    Jul 25, 2006
    3,038
    370
    83
    Ratings:
    +1,778 / 104 / -8
    i think the rent/buy opinions vary based on if you've lived in different cities/states and different times in the real estate cycle.

    i lived in cities the past 20 yrs where a $1 million+ condo rents for $2500/mo and a different city/year where a $400k house rents for $5,000/mo. it all depends on the market, taxes, tax rules, neighborhoods, etc.

    and you think about things completely different when you move from CA to TX or Iowa to Denver or Cleveland to NYC. they seem like different planets when it comes to housing costs.

    had I bought a house when I took a new job in 2006, my 20% down would've been wiped out in 2 years. that would've been tough to deal with. 2009 to 2018 is LONG time to recover your equity.
     
    • Informative Informative x 1
  5. kchacker

    kchacker Well-Known Member

    Mar 1, 2012
    1,404
    337
    83
    Phoenix
    Ratings:
    +1,328 / 29 / -1
    Many people were in that equity recovery situation, and some still are. And that is assuming you can continue to stay in the house or keep it to wait for the equity to recover. This isn't like owning a stock - this is where you live. Need to move and don't have the means to own a second home? You're eating it, and it could be a big chunk of money.

    One of my former employees was forced to move after he was laid off last year. Had to move to take another job and was still upside down on his place, even after 10 years. He had to sell it and eat $30K.
     
  6. mtowncyclone13

    mtowncyclone13 Well-Known Member
    SuperFanatic SuperFanatic T2

    Oct 10, 2012
    19,899
    2,150
    113
    grundy center
    Ratings:
    +9,288 / 549 / -23
    Why are you stalking little leagues?
     
  7. Land Grant

    Land Grant Active Member

    Oct 30, 2006
    638
    34
    28
    Ratings:
    +130 / 5 / -0
    Scouting for the next Moonlight Archie Graham ...
     
  8. VeloClone

    VeloClone Well-Known Member

    Jan 19, 2010
    34,778
    5,515
    113
    Male
    Brooklyn Park, MN
    Ratings:
    +19,634 / 297 / -4
    I really wish I would have bought when I moved up here in '98 but that was my third move between states in three years so I didn't know what the future would hold. Instead, I bought when the market was already high in late '04. Those six years were very lucrative years to miss out on, but one thing we can count on is that hind sight is 20/20.
     
    • Agree Agree x 1
  9. Cyched

    Cyched Minister of Culture
    SuperFanatic SuperFanatic T2

    May 8, 2009
    15,306
    5,078
    113
    Ankeny
    Ratings:
    +24,154 / 377 / -1
    Baseball moms
     
  10. Clone83

    Clone83 Well-Known Member

    Mar 25, 2006
    4,691
    478
    83
    Ratings:
    +736 / 9 / -6
    Granted, there is an article like this every week, but the results of a new study:

    With no letup in home prices, the California exodus surges
    https://www.marketwatch.com/story/with-no-letup-in-home-prices-the-california-exodus-surges-2018-05-03

    The article has some interesting links, including to the original study, and another to a map of the U.S. showing property taxes by county.

    I'm pretty sure you don't have to be a WSJ subscriber to access this article. But if you do, try googling the title, or try googling the title at a later date if this still doesn't work.
     

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