Footballjoe Posted March 2, 2010 Share Posted March 2, 2010 Just got my Assessed Home Value for fiscal year 2010-2011. Dropped another 5% or so from last year. I am estimating over the last few years I lost 25% of the value. I know we are all in the same boat but just wanted to whine. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted March 2, 2010 Share Posted March 2, 2010 Just got my Assessed Home Value for fiscal year 2010-2011. Dropped another 5% or so from last year. I am estimating over the last few years I lost 25% of the value. I know we are all in the same boat but just wanted to whine. atleast our real estate taxes are going down!! Quote Link to comment Share on other sites More sharing options...
driveby Posted March 2, 2010 Share Posted March 2, 2010 This house is for sale across the street from mine. It sold 3 years ago for $165,000. Quote Link to comment Share on other sites More sharing options...
borge007 Posted March 2, 2010 Share Posted March 2, 2010 This house is for sale across the street from mine. It sold 3 years ago for $165,000. Wow-House should be worth alot more than that. Maybe it's time to move to Houston. Quote Link to comment Share on other sites More sharing options...
Footballjoe Posted March 2, 2010 Author Share Posted March 2, 2010 This house is for sale across the street from mine. It sold 3 years ago for $165,000. Almost twice as much house as mine for almost half the price. Hello neighbor. I moving to Texas. Quote Link to comment Share on other sites More sharing options...
Duchess Jack Posted March 2, 2010 Share Posted March 2, 2010 This house is for sale across the street from mine. It sold 3 years ago for $165,000. wow. that is way less than half the price of my place, and I live in a townhouse. We bought this place in '05 and I'd estimate its lost somewhere around $50k. It sucks, but I feel like it could be a lot worse. Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted March 2, 2010 Share Posted March 2, 2010 This house is for sale across the street from mine. It sold 3 years ago for $165,000. That wouldnt buy a lot where i live. Time to move . . . . Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted March 2, 2010 Share Posted March 2, 2010 my house just appraised for about $25K more than I paid for it in 2005. of course, I put in about $35K in value-adding improvements since then, but it's still nice to know I actually gained some equity over that time. Quote Link to comment Share on other sites More sharing options...
Caveman_Nick Posted March 2, 2010 Share Posted March 2, 2010 This house is for sale across the street from mine. It sold 3 years ago for $165,000. Time to invest in rental property in TX. Quote Link to comment Share on other sites More sharing options...
whomper Posted March 2, 2010 Share Posted March 2, 2010 I'd love to move out of nj. 9200 property taxes and bloated house prices is no way to go through life son. 3-4 years ago I had over 100 k in equity. Now I have about 50k. Sucks Quote Link to comment Share on other sites More sharing options...
yo mama Posted March 2, 2010 Share Posted March 2, 2010 This house is for sale across the street from mine. It sold 3 years ago for $165,000. Well, duh. It's not even inside the Beltway. That house might as well be in Mexico. Quote Link to comment Share on other sites More sharing options...
driveby Posted March 2, 2010 Share Posted March 2, 2010 Well, duh. It's not even inside the Beltway. That house might as well be in Mexico. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted March 2, 2010 Share Posted March 2, 2010 Bought a house almost 2 years ago, looks to be about the same value. Quote Link to comment Share on other sites More sharing options...
cliaz Posted March 3, 2010 Share Posted March 3, 2010 Almost twice as much house as mine for almost half the price. Hello neighbor. I moving to Texas. You should be shot for saying that Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 3, 2010 Share Posted March 3, 2010 This house is for sale across the street from mine. It sold 3 years ago for $165,000. You never stop, do you? Anyway, which idiot parked two hugh trees right on the doorstep? Quote Link to comment Share on other sites More sharing options...
driveby Posted March 3, 2010 Share Posted March 3, 2010 You never stop, do you? Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted March 3, 2010 Share Posted March 3, 2010 You never stop, do you? Anyway, which idiot parked two hugh trees right on the doorstep? from the size of those trees, looks like the house was parked next to them. Quote Link to comment Share on other sites More sharing options...
matt770 Posted March 3, 2010 Share Posted March 3, 2010 Seeing your house lose value sucks. Watching helplessly as the last remaining respectable homeowners move out, with ghetto trash replacing them, and you can no longer even foresee a day when you could afford to move, now that is the definition of sucks. Overheard recently, two neighbor kids, ages 3 and 5: "Don't make me cut you!" Quote Link to comment Share on other sites More sharing options...
Jimmy Neutron Posted March 3, 2010 Share Posted March 3, 2010 Our home peaked at about $200k - just listed it for $175k. Sucks, but it's only money. The key is that it isn't mortgaged to $200k or even close to $175 Quote Link to comment Share on other sites More sharing options...
Brentastic Posted March 3, 2010 Share Posted March 3, 2010 This house is for sale across the street from mine. It sold 3 years ago for $165,000. That home would sell for a million in Chicago - man, I need to move. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted March 3, 2010 Share Posted March 3, 2010 Still haven't taken the plunge on our first home, but starting to think about it. To buy something in our neighborhood for the size we're looking at it would be between $250 - $300K. Values have dropped a ton here. Alot of those homes were valued over $400K just a couple years ago. Quote Link to comment Share on other sites More sharing options...
muck Posted March 3, 2010 Share Posted March 3, 2010 May be selling our place ... we'll see ... Quote Link to comment Share on other sites More sharing options...
ABearWithFurniture Posted March 3, 2010 Share Posted March 3, 2010 (edited) Austin is one of the best real estate markets in the country...my home went up in value about 3% last year. And just thank your lucky stars you aren't in California right now...sold our house back in 2007 for half a mill...today it's listed on Zillow for about $175. Edited March 3, 2010 by ABearWithFurniture Quote Link to comment Share on other sites More sharing options...
TimC Posted March 3, 2010 Share Posted March 3, 2010 I built in 2006 and closed in August....right before the drop. I'm thinking it's held steady for the most part around here but really don't know since it is rural and the comps are hard to come by since these are all mostly custom homes. We were 8 houses and one couple down the street has been trying to sell for about $100k more than they built for with no luck. I think they are selling based on their mortgage and not the home's worth. The Mexicans I've spoken of before here moved out 2 weeks ago and their house is up for foreclosure auction. Yeah, they left behind a mess in their yard just like the little piggies they always were. Adios amigos...back to the fiilth you came from. Another couple lost their 2 franchise BBQ business and moved out the same weekend. Another couple got divorced and he's barely hanging on. It won't be long for him. The only people still making it well are us and the 2 retired postal workers that are enjoying their pensions and living large. Tough times out there. No way would I consider selling unless I positively was forced to for some reason beyond my control. I'd love to be buying. It would be awesome to take the equity (I do have equity!!) and pay cash outright for a house in Florida and kick back with some simple job to pay the utilities. That would be a dream to have the house paid for and those houses in Florida where the market died just south of Tampa are awesome. Quote Link to comment Share on other sites More sharing options...
Missoula Griz Posted March 3, 2010 Share Posted March 3, 2010 (edited) Lake House at flathead lake was assessed for $240,000 in 2000. 2010 assessment came in at 2.3 million. It pushed the annual property taxes up 10 TIMES. I had an appraisal done with 60 day comps and it came in at 1.2 million. How can they assess it so high? This one will be fought hard. In the past, the assessed value was much lower than appraised value of property. I guess the State is looking for revenue sources. Edited March 3, 2010 by Missoula Griz Quote Link to comment Share on other sites More sharing options...
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