[natedog7700]

Poll is private and please be honest! Lol

[Beartato]

More market research?

[Banana Hammock]

[Fundguy1]

Since purchase in 2005 it's been as high as 1.3mm and as low as 439k. Good thing is I'm now back in the black.

[David70]

I somewhat surprised (although this is a BMW forum) at the level of concern for what others have.

[bimmerfrk]

im squatting in someone house currently.

I just wish they would stop trying to show the house cause i have to hide in the attic every time they do a viewing.

[natedog7700]

Originally Posted by David70

I somewhat surprised (although this is a BMW forum) at the level of concern for what others have.

Curiosity my friend! Not concern.

[csu87]

Originally Posted by Fundguy1

Since purchase in 2005 it's been as high as 1.3mm and as low as 439k. Good thing is I'm now back in the black.

ouch....


At least you are back in the black though.

Just had my house appraised before I do a lot of work as more of a before/after comparison to see if what I spend on the work was worth it. Bought the house less than a year ago, and appraised value is just under 100k more. If I didnt hate moving so much, I'd sell this thing before the prices level out or drop.

[Mr Tonka]

Originally Posted by natedog7700

Curiosity my friend! Not concern.

It's kind of meaningless without knowing where the house is located.

1m - 2m house in the SF Bay area or Connecticut could be a 2br 1ba duplex with no garage.

500k house in Macon GA is likely on 2 acres, 5br, 6ba, 3car garage with a pool.

[M3 Number 86]

Originally Posted by Fundguy1

Since purchase in 2005 it's been as high as 1.3mm and as low as 439k. Good thing is I'm now back in the black.

That's a crazy swing

[M_Six]

We're visiting my FIL in CT and the houses in this neighborhood are in the $350k range, yet are old and tiny with small yards compared to our house in central IL. Our house would sell for about half of what these houses are going for despite being twice as big and sitting on an acre of land.

But this morning we went to a Whole Foods market and were stunned at the variety of really good food that we just can't get out in IL. Our area supermarkets are stuck in 1970's mode, I think.

It's all about location.

[jtodd_fl]

Originally Posted by bimmerfrk

im squatting in someone house currently.

I just wish they would stop trying to show the house cause i have to hide in the attic every time they do a viewing.

I'm squatting in someone else's house right now too... my wish is that I could've gotten the toilet paper out of the bathroom first. Who doesn't keep toilet paper in the living room?

[Flying Ace]

Originally Posted by Fundguy1

Since purchase in 2005 it's been as high as 1.3mm and as low as 439k. Good thing is I'm now back in the black.

ugh..I would not be able to stomach that volatility. Especially if you don't have long term plans of living there.

[jtodd_fl]

Originally Posted by Flying Ace

ugh..I would not be able to stomach that volatility. Especially if you don't have long term plans of living there.

Well, if it was bought in 2005, it is probably just one monster dip... up from 05 to 07 or 08, where it peaked. Down like a rock till 2012-ish, then slow climb back.

That would be my bet - not a lot of up and down, just one monster trough.

[Flying Ace]

I'll give you a taste of the most expensive real estate market in the CONUS:

Zip 94122
1300 sq ft
3 bed room
2 bath
1 car garage
fully renovated
no front yard
Minimum we can get is $1 million if we sold today
If I were to hold out and market it and wait for the right buyer, I can get $1.1-$1.2 million

Bought in at $6xx,xxx back in 2010. Pricing in the neighborhood has fluctuated between $500,000 in recession to today's value of $1.2 for a fully renovated house.

A neighbor's house across the street just got listed. He has the exact same layout, but not renovated. He listed it at $800k, I think it won't sell above $900k b/c it's no renovated. But if you dump $100k into renovations into the house like we did, it'll basically be back to a $1m house, though just last year, that would have sold for $1.1-$1.2.


Pricing in SF is starting to go back down again.

[csu87]

Originally Posted by M_Six

We're visiting my FIL in CT and the houses in this neighborhood are in the $350k range, yet are old and tiny with small yards compared to our house in central IL. Our house would sell for about half of what these houses are going for despite being twice as big and sitting on an acre of land.

But this morning we went to a Whole Foods market and were stunned at the variety of really good food that we just can't get out in IL. Our area supermarkets are stuck in 1970's mode, I think.

It's all about location.

This^

Its always crazy when we visit my family on the east coast in New York and Philly. Our house is a third what theyve paid, but 3 times the size.

Then we visit my family in Oklahoma, Texas and Florida and their houses are bigger and cheaper with more land.

[Flying Ace]

Originally Posted by csu87

This^

Its always crazy when we visit my family on the east coast in New York and Philly. Our house is a third what theyve paid, but 3 times the size.

Then we visit my family in Oklahoma, Texas and Florida and their houses are bigger and cheaper with more land.

really, when you look at the reasons why this is the case, it's all about where the high paying jobs are. Plain and simple. People follow where the jobs are, real estate values then appreciate after that.

There are very few jobs out there where it'll pay consistently the same rate anywhere in the country. It's usually medical and tech related jobs, and even in tech, the rates take a material dip when you're outside of the Bay Area.

The next hottest real estate markets in the US are Austin, Seattle, Portland. If you live in those areas, better buy now.

[fravel]

I'm a post-recession college grad. What is this "homeownership" you speak of?

[Flying Ace]

Originally Posted by fravel

I'm a post-recession college grad. What is this "homeownership" you speak of?

good debt, bad debt.... make sure all your debt is "good debt."

[mojobmw_e90]

Bought my condo for 72k 3.5yrs ago.2bath,2bedrm,garage,Put in about 5k on minor stuff. Trying to refinance to invest more into it, currently it's worth 187.its about 20 miles northwest of Chicago

[fravel]

Originally Posted by Flying Ace

good debt, bad debt.... make sure all your debt is "good debt."

Yeah, I'm learning that financing an education doesn't fall in the "good debt" category anymore.

[SilverII]

Ten 100K house or one 1mil house?