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Mon Jan 29, 2018, 10:19 AM

Quick DU poll of house prices for DU home owners.

Thanks for taking a minute to respond and kick this along.
29 votes, 0 passes | Time left: Unlimited
My house is worth about the same as it was in 2006 just before the crash.
3 (10%)
My house still hasn't recovered its worth from before the crash.
7 (24%)
My house is worth more now than it was in 2006 just before the crash.
9 (31%)
I lost/sold my house between 2007 and now and don't know what it is worth now.
0 (0%)
I bought my house between 2007 and now and it is going up in value.
9 (31%)
I bought my house between 2007 and now and it has decreased in value.
0 (0%)
I bought my house between 2007 and now and its value is about the same as when I bought it.
1 (3%)
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Disclaimer: This is an Internet poll

11 replies, 1237 views

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Arrow 11 replies Author Time Post
Reply Quick DU poll of house prices for DU home owners. (Original post)
rgbecker Jan 2018 OP
Farmer-Rick Jan 2018 #1
hexola Jan 2018 #3
Javaman Jan 2018 #2
ProfessorGAC Jan 2018 #4
Historic NY Jan 2018 #5
nolabear Jan 2018 #6
femmedem Jan 2018 #7
rgbecker Jan 2018 #8
rgbecker Jan 2018 #9
Awsi Dooger Jan 2018 #10
rgbecker Jan 2018 #11

Response to rgbecker (Original post)

Mon Jan 29, 2018, 10:22 AM

1. My house is only worth more because of all the land.

Without all the land it would probably have dropped.

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Response to Farmer-Rick (Reply #1)

Mon Jan 29, 2018, 10:57 AM

3. Same here - nice 4 acre chunk.

 

But the old farmhouse would be seen as a tear down by most.

But - it's so quiet out here...we love it.

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Response to rgbecker (Original post)

Mon Jan 29, 2018, 10:54 AM

2. two things...

I bought my house in what was once the last "affordable" area of Austin back in 2006.

It was a massive fixer upper, we got an amazing deal on it.

since then Austin seems to have grown exponentally

as a result so has the value of our house and our property taxes.

and also, due to massive building in our area, that has driven up the price as well.

I don't think that amazon is going to build here, but if they do, my house value will skyrocket.

more over, one of the locations for the proposed new soccer stadium would be in my neighborhood.

if that gets built, our house price will, again, skyrocket.

by the time me and Mrs Javaman retire, which will be in about 10 years, we will sell and get the hell out of dodge.

the Austin I once knew hasn't existed for many many many years, yet the marketing material for tourism will have you believe otherwise.

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Response to rgbecker (Original post)

Mon Jan 29, 2018, 11:01 AM

4. Worth More

I live in a town with fairly low cost housing that didn't appreciate at the level of other areas during the real estate bubble.

So, when the market went down, it was little more than a slight correction, because the houses around here didn't overinflate.

As a result, in the intervening 11 years, we're probably only a year to 18 months of appreciated value behind.

All that, plus, we don't own a big fancy house. We stayed put for a lot of years, preferring to have a paid for house rather than ever starting over. So, figure a 1500 sq. ft. house in a town with modest property values that didn't hyperinflate due to speculation, and we never took the big hit a lot of people took. That's not timing or planning. Mostly just lucky.

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Response to rgbecker (Original post)

Mon Jan 29, 2018, 11:10 AM

5. Prices went up and now they are down

mine went up to almost 260k , in fact my previous neighbor had his listed at 276k by owner, it went to a real est. co. that sold it for 310. He has a pool, I have a 2nd detached garage or could be office - guest apt.

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Response to rgbecker (Original post)

Mon Jan 29, 2018, 11:12 AM

6. I live in Seattle. You wouldnt believe how much its gone up.

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Response to rgbecker (Original post)

Mon Jan 29, 2018, 11:38 AM

7. Ours was appraised for about $160,000. We bought it for $127,000 and it might be worth $85,000 now.

We were pretty certain a crash was about to hit, but because we bought directly from the owner for so much under the appraised value, we didn't think we'd end up under water.

But we'd do it again. We love living here--we walk to work, we have great neighbors, it's a lovely, although modest, Greek Revival house from the 1850's--and we've paid it down now to the point where we probably owe about as much as it's worth, so we'd be able to sell it if we needed to.

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Response to rgbecker (Original post)

Mon Jan 29, 2018, 11:39 AM

8. I'm impressed by the fact that (so far) only about 10% of respondents are lagging.

Real Estate continues to be a good hedge against inflation and a good investment. If your property just holds its value, it is still an investment in stable housing costs. A renter is more subject to changes in the market.

I'm not in the business, just a casual observer looking to advise my kids going forward.

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Response to rgbecker (Original post)

Mon Jan 29, 2018, 03:20 PM

9. Kicking for the aftenoon crowd.

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Response to rgbecker (Original post)

Mon Jan 29, 2018, 03:33 PM

10. More

 

It's in a good neighborhood with highly rated schools within walking distance along with quite a few lakes. Consequently I get letters and flyers all the time from people who want to buy the house and pay cash. Sometimes they come to the door. My neighbors report the same thing but I seem to get more, maybe because I have a pool.

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Response to rgbecker (Original post)

Mon Jan 29, 2018, 09:45 PM

11. Kicking for West Coast and evening readers.

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