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How Much Less Will Your House Be Worth; In Two Years?
Topic Started: Dec 19 2006, 09:00 AM (145 Views)
QuirtEvans
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I Owe It All To John D'Oh
http://money.cnn.com/popups/2006/fortune/i...tate/index.html
It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010.
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plays88keys
Pisa-Carp
Looking good in our area -- up 2%
You can never get enough of what you don't need to make you happy.
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ny1911
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Senior Carp
We're plus 4%
So live your life and live it well.
There's not much left of me to tell.
I just got back up each time I fell.
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ivorythumper
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I am so adjective that I verb nouns!
"They" say we'll be down 8.6%, which means that over four years my house will still be up 53% since I bought. If that's the worst case scenario, I can live with that -- esp give Arizona's long term growth potential.
The dogma lives loudly within me.
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ivorythumper
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I am so adjective that I verb nouns!
ny1911
Dec 19 2006, 11:23 AM
We're plus 4%

NY: what area are you in?

It looks like there is some sense that the lower priced markets will increase the most (eg Buffalo up 8%, but median is only $95K). That makes sense, but does not factor in market forces: who wants to move to Buffalo for cheap housing, let alone if in two years prices rise 8%?
The dogma lives loudly within me.
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Larry
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Mmmmmmm, pie!
You must understand - Quirt is a democrat. He is conditioned to find the negative in any situation. Housing values can go up 50% a year for ten years, then have a year where they only go up 40%, and to someone inflicted with the disease of modern liberalism and who has succumbed to the brainwashing of the democrat party, it means housing values are now falling like rocks, currently at a minus 10% a year.

Of the Pokatwat Tribe

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ny1911
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Senior Carp
I'm in the Albany area. I need to correct myself - we're up 6.3%. I was initially just going by the color bars.

We've been in the house just over 8 years and the value has a little more than doubled. So our growth has been steady, but certainly not blistering.
So live your life and live it well.
There's not much left of me to tell.
I just got back up each time I fell.
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