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For you homeowners here, how much has your home appreciated??

K

Kaieye

Platinum Member
1991 - I paid 310K and today I can probablyl get $680K for it. I am on my way to being a slumlord because I am buying a commercial property very soon.

How about you folks??
 
My first house cost 30k in the early 80s, sold it for ~120k 11 years later.

Second house cost 80k, sold it to government for 122k 3 years later.

House now cost 148k, estimated worth is up to around 155k
 
Townhouse in Gainesville was purchased for ~50k in 96, will sell for around 140k this year.

Parents house near Ft. Lauderdale cost 185k and will sell for around 375k this year.
 
I bought my house about two years ago for $137,000. I could probably sell it for around $160,000 right now.
 
Bought a new home for 245k 8 months ago. The same house is still being built in my subdividion and selling now for 298k base.
 
I'm assuming my mother-in-law's mortgage with 110 still to go. The house next door which is pretty much the same sold for 335.

teh winnar is me.
 
We only bought in June, although I still have yet to figure out how we managed to get the house cheap consider all the other houses on the street cost more (all new), so I would expect we could probably ask for more than we paid for it now.
 
I have no idea. I just bought mine a few months ago, but the paper said houses in this area are appreciating at 35% every 5 years.
 
Originally posted by: Skoorb
We only bought in June, although I still have yet to figure out how we managed to get the house cheap consider all the other houses on the street cost more (all new), so I would expect we could probably ask for more than we paid for it now.
Click to expand...

Your house is on an old indian cemetary......... or a pet cemetary 😉

Cheers,
Aquaman
 
My question is: How can houses continue to appreiciate like this? I am looking to buy right now and I keep hearing these stories of how houses are increasing value by leaps and bounds. Doesn't it have to correct itself sometime?

-MC
 
Originally posted by: MattCo
My question is: How can houses continue to appreiciate like this? I am looking to buy right now and I keep hearing these stories of how houses are increasing value by leaps and bounds. Doesn't it have to correct itself sometime?

-MC
Click to expand...

Will slow down when interest rates rise, maybe even fall a bit, but probably won't "crash" across the board ,maybe in some areas that are out of control.
 
When I bought my house in 1991 for $310K, the following year it depreciated down to
$280K in 1992 because I remember I was kicking myself for spending too much $$...


But I am glad I stayed put!
 
Bought a condo in August 2001 for $51,000 and now it's worth $112,000.. Maybe $120,000.

A guy was selling them all quickly (cheaply) so he could invest his money in another venture.. so i got a deal.

AJ.

Im in Providence, i wanna sell it and move to Boston real bad ...once i land any kind of job
 
Hasn't appreciated one bit. Oh, sure if I sold it I could get more money for it now than I paid, but I'd have to move to East Bumfvck to get a better place...although I hear West Bumfvck has some pretty cheap real estate too.
 
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