The grin on my face right now

ninerbuff
ninerbuff Posts: 49,207 Member
edited February 27 in Chit-Chat
Just got back an assessment (California Bay Area) on my home. Went up $45,000 since we bought it "low" in 2010. The Bay Area seems to be recovering well after the fall out and I get daily offers in the mail for sellers wanting to buy my property.
Has it been better/indifferent for other homeowners out there?

A.C.E. Certified Personal and Group Fitness Trainer
IDEA Fitness member
Kickboxing Certified Instructor
Been in fitness for 30 years and have studied kinesiology and nutrition

Replies

  • Alatariel75
    Alatariel75 Posts: 18,895 Member
    Niiice! Man, I can't afford to buy in Australia at the moment, our property prices are ludicrous.
  • Trechechus
    Trechechus Posts: 2,819 Member
    I wish it were that why for my folks. They have a condo that they bought in 2005 just before the housing collapse and their property is still worth less than they bought it for.
  • msbunnie68
    msbunnie68 Posts: 1,894 Member
    Niiice! Man, I can't afford to buy in Australia at the moment, our property prices are ludicrous.

    Try Western Australia...housing market is crazy here. I love my house.
  • Alatariel75
    Alatariel75 Posts: 18,895 Member
    Niiice! Man, I can't afford to buy in Australia at the moment, our property prices are ludicrous.

    Try Western Australia...housing market is crazy here. I love my house.

    I'm based in Melbourne, it's ridiculous what houses go for here! I've never been to WA...
  • navygrrl
    navygrrl Posts: 517 Member
    Our house value is finally starting to creep back up. I hope we get a boom soon like you did, LOL.
  • msbunnie68
    msbunnie68 Posts: 1,894 Member
    Niiice! Man, I can't afford to buy in Australia at the moment, our property prices are ludicrous.

    Try Western Australia...housing market is crazy here. I love my house.

    I'm based in Melbourne, it's ridiculous what houses go for here! I've never been to WA...

    so many cashed up FIFO workers here snapping up everything in sight... even renting in WA is soooo expensive.
  • ninerbuff
    ninerbuff Posts: 49,207 Member
    bump
  • skippygirlsmom
    skippygirlsmom Posts: 4,433 Member
    Just got back an assessment (California Bay Area) on my home. Went up $45,000 since we bought it "low" in 2010. The Bay Area seems to be recovering well after the fall out and I get daily offers in the mail for sellers wanting to buy my property.
    Has it been better/indifferent for other homeowners out there?

    That's great. I'm in Northern Alabama and brought my house in 2008 and it's about the same though it did drop at one point. When I moved here I sold a house in NJ that I brought in 1990 and sold in 2005 with about a 50% profit on what I paid for it. I understand the people who brought it from me sold in 2012 and got an additional $20K for it over what they paid me.
  • Guns_N_Buns
    Guns_N_Buns Posts: 1,899 Member
    BupBBFB.gif

    And yes...I was never upside down in my house, so the collapse never affected me negatively. It was nice buying another rental for a third of what it was built for. =]
  • Ferrous_Female_Dog
    Ferrous_Female_Dog Posts: 221 Member
    Congrats?
  • JoRocka
    JoRocka Posts: 17,525 Member
    totally clicking with the thought this was about getting laid....


    <kicks rocks>
  • TriNoob
    TriNoob Posts: 96 Member
    I don't know why anyone would want their assessment to increase (unless they were immediately selling). Just means you're going to have to pay more in property tax.

    Had to file and fight an appeal last year because they raised my assessment by $75k for no reason. Ridiculous tax increase.
  • ninerbuff
    ninerbuff Posts: 49,207 Member
    I don't know why anyone would want their assessment to increase (unless they were immediately selling). Just means you're going to have to pay more in property tax.

    Had to file and fight an appeal last year because they raised my assessment by $75k for no reason. Ridiculous tax increase.
    Well it's going to increase regardless if I sell or not. I don't control the assessment (with the exception of being able to appeal the actual assessment). I'm more than sure that I could actually get much more since practically everything inside is custom (bought it that way).
    It's just good to know that if I intend to sell or get a great offer (at one point the home was up to almost 1M), it will be more than what I paid to get it.

    A.C.E. Certified Personal and Group Fitness Trainer
    IDEA Fitness member
    Kickboxing Certified Instructor
    Been in fitness industry for 30 years and have studied kinesiology and nutrition
  • No_Finish_Line
    No_Finish_Line Posts: 3,661 Member
    the market definetly slowed down, but real estate values didn't seem to be effected very much in Upstate NY, even in 2009
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