Has your value of real estate or others rise?

cirelaw · 03-08-2022, 06:49 PM

WE BOUGHT OUR HOME IN PORT ST LUCIE FOR $72k EIGHT MONTHS AGO! AND COMPS ARE NOW $ 160K. ALL OVER FLORIDA SO THE SAME OR MORE!!!! I'M GLAD WE PAID CASH LAST YEAR!! I WONDER IF ITS THIS THE NORM ELSEWHERE?!

spripple33 · 03-08-2022, 08:44 PM

In my area, the answer seems to be yes. I live in Pennsylvania. We recently re-mortgaged to take advantage of the low interest rates and the value of our property has almost doubled since we bought it.
-Jason

cirelaw · 03-08-2022, 10:26 PM

Empty lots that were 3k when we moved from NJ now 70k to 90k. In 1985 I should have bought ten of them!!!! https://www.zillow.com/port-saint-lucie-fl/land/

cirelaw · 03-08-2022, 10:33 PM

We paid $70 last year, now https://www.redfin.com/neighborhood/.../recently-sold IS THE SAME WHERE YOU LIVE?

spripple33 · 03-08-2022, 10:34 PM

Hindsight is always 20/20. Property is one of those investments that almost always appreciates in value. Collecting Lugers is MUCH MORE fun though...

gunbugs · 03-08-2022, 10:45 PM

Most folks don't pay cash in full for their real estate. If you take out a 30 year note like the rest of the USA, you will essentially double the cost of your house. NOT a bargain. Best if you save your pennies and pay as much up front as possible, or at least pay an extra 100 or 200 a month on the mortgage, it results in HUGE savings, and pays off the note in half the time.
Our property tax assessments this year just came in at about 10% higher than last year.
Remember also, in all things, the dollar is rapidly devaluing. That is why it takes so many to buy anything.
People always say, "prices are sure going up"....NOT TRUE. The dollar is going down. That is why it "costs more". And in a big way. Soon our little children will be down on the beach making bracelets out of 100 dollar bills, like they do in Venezuela. Because our money will be worthless, like Germany in the 20's. Or Zimbabwe, right now.(Out of my paper money collection).http://forum.lugerforum.com/attachme...1&d=1646807043

schutzen-jager · 03-09-2022, 04:36 PM

Quote:

Originally Posted by cirelaw

Empty lots that were 3k when we moved from NJ now 70k to 90k. In 1985 I should have bought ten of them!!!! https://www.zillow.com/port-saint-lucie-fl/land/

small house in central jersey - ,paid 24k 50 years ago - appraised at 300k 3 years ago , now 420k. the New Yok city dwellers are now paying realtors well over listing price to get one here - taxes when i bought house was $450.00 per year , now $180.00 per week + town services + schools were better back then - wife of 57 years 94 year old WWII vet father lives 3 blocks away so i'm stuck -

cirelaw · 03-09-2022, 07:00 PM

I'm Glad I Moved From Bayonne!

gunnertwo · 03-09-2022, 07:41 PM

We built in 2019 and moved in September of that year. Custom house at just under 3K sq feet.
Price was 486K, recent estimate is now 780K. I was flabbergasted. House down the street, 1850 sq ft just sold for 600K. I'm very glad we got here when we did, we couldn't do it now. My biggest worry now is my property tax. Idaho has an owner/ occupied discount of 125K which offsets some of the tax bill. There is a move starting here to have something similar to California Prop 13.

G2

cirelaw · 03-09-2022, 07:48 PM

Our tax is $558/yr TK God as we live on SSI only!! Congrads on your home!

schutzen-jager · 03-10-2022, 09:15 AM

Quote:

Originally Posted by cirelaw

I'm Glad I Moved From Bayonne!

remember catching crabs at Bayonne navy depot - now they glow in the dark !

cirelaw · 03-10-2022, 11:00 AM

I remember crabbing useing stinky chicken parts as bait!!!i

cirelaw · 03-12-2022, 07:00 PM

You have to be aware of real Estate taxes, Homeowners ,Utiities and other hidden costs like lawn maintenance, water etc! OUCH!

Eugen · 03-26-2022, 11:35 AM

In this bizarre economy everything seems to be going up in price, including real-estate, automobiles, labor, commodities. The real question is, what hasn't risen in price (even net of inflation rate)?

I needed a new car so last month I bought a modestly optioned, new Lexus RX 350. Darn, the best deal I could get was $1k off the MSRP. I was happy and lucky I didn't get gouged for a market premium fee. I had to wait several months to find one. I'm 70 yo and that is the most I've paid/closest to sticker MSRP of any vehicle I've purchased.
Another question to pose, is when will the shortages of everything and inflated prices end? Not soon I fear.

cirelaw · 03-26-2022, 03:03 PM

Nice used cars are up almost 100%

cirelaw · 03-26-2022, 03:20 PM

Debby bought her Chrysler 200 last Convertible in 2003 with 33k miles today and was offered last month almost more than she paid! The last year Chrysler made convertibles!

PolishX · 04-15-2022, 02:38 AM

Built in 2013 , 1706 sq ft on 2.5 acres in Alaska $250,000 at 4.25% (That's a good deal then here in Alaska) refinanced the remaining $215,000 last year at 2.25 % no cash out, houses like mine now on the open marked for for $426,000.

I'm fortunate in a way because I'm a Disabled Veteran so I get some property tax relief at least to offset it but that just means they overvalue all the homes to make up for it

cirelaw · 04-15-2022, 11:58 AM

God Bless!

ithacaartist · 04-16-2022, 05:44 PM

Though one might seem to be "cashing in" on houses or whatever that now have higher dollar values attached than when purchased, one must also consider the hit they'll suffer when replacing whatever it is.

When I got married in 1970, we both worked for less than $2.50/hr--the SO at Flying Training at the Pentagon, and I at a funeral home as basically an apprentice. We paid off a car loan in one year and still had savings.

cirelaw · 04-16-2022, 07:40 PM

Fifty Two Years!! Congrad! A Great Woman is often hard to find!!! Debby is my Third!! First Two were Not Good To Find!

03-08-2022, 06:49 PM	#1
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	Has your value of real estate or others rise? WE BOUGHT OUR HOME IN PORT ST LUCIE FOR $72k EIGHT MONTHS AGO! AND COMPS ARE NOW $ 160K. ALL OVER FLORIDA SO THE SAME OR MORE!!!! I'M GLAD WE PAID CASH LAST YEAR!! I WONDER IF ITS THIS THE NORM ELSEWHERE?! Attached Thumbnails

03-08-2022, 10:45 PM	#6
gunbugs Lifetime Forum Patron Join Date: Sep 2013 Location: Fairbanks, Alaska. Home of the best moose. Posts: 660 Thanks: 366 Thanked 1,179 Times in 395 Posts	Most folks don't pay cash in full for their real estate. If you take out a 30 year note like the rest of the USA, you will essentially double the cost of your house. NOT a bargain. Best if you save your pennies and pay as much up front as possible, or at least pay an extra 100 or 200 a month on the mortgage, it results in HUGE savings, and pays off the note in half the time. Our property tax assessments this year just came in at about 10% higher than last year. Remember also, in all things, the dollar is rapidly devaluing. That is why it takes so many to buy anything. People always say, "prices are sure going up"....NOT TRUE. The dollar is going down. That is why it "costs more". And in a big way. Soon our little children will be down on the beach making bracelets out of 100 dollar bills, like they do in Venezuela. Because our money will be worthless, like Germany in the 20's. Or Zimbabwe, right now.(Out of my paper money collection).http://forum.lugerforum.com/attachme...1&d=1646807043 Attached Thumbnails

03-10-2022, 11:00 AM	#12
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	I remember crabbing useing stinky chicken parts as bait!!!i Attached Thumbnails

03-26-2022, 11:35 AM	#14
Eugen User Join Date: Apr 2016 Location: Newburgh,IN Posts: 790 Thanks: 394 Thanked 631 Times in 334 Posts	In this bizarre economy everything seems to be going up in price, including real-estate, automobiles, labor, commodities. The real question is, what hasn't risen in price (even net of inflation rate)? I needed a new car so last month I bought a modestly optioned, new Lexus RX 350. Darn, the best deal I could get was $1k off the MSRP. I was happy and lucky I didn't get gouged for a market premium fee. I had to wait several months to find one. I'm 70 yo and that is the most I've paid/closest to sticker MSRP of any vehicle I've purchased. Another question to pose, is when will the shortages of everything and inflated prices end? Not soon I fear. __________________ “God created war so that Americans would learn geography.” ― Mark Twain

03-26-2022, 03:20 PM	#16
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	Debby bought her Chrysler 200 last Convertible in 2003 with 33k miles today and was offered last month almost more than she paid! The last year Chrysler made convertibles! Attached Thumbnails

03-08-2022, 08:44 PM	#2
spripple33 User Join Date: Sep 2020 Location: Gettysburg, PA Posts: 85 Thanks: 137 Thanked 167 Times in 54 Posts	In my area, the answer seems to be yes. I live in Pennsylvania. We recently re-mortgaged to take advantage of the low interest rates and the value of our property has almost doubled since we bought it. -Jason

03-08-2022, 10:26 PM	#3
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	Empty lots that were 3k when we moved from NJ now 70k to 90k. In 1985 I should have bought ten of them!!!! https://www.zillow.com/port-saint-lucie-fl/land/

03-08-2022, 10:33 PM	#4
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	We paid $70 last year, now https://www.redfin.com/neighborhood/.../recently-sold IS THE SAME WHERE YOU LIVE?

03-08-2022, 10:34 PM	#5
spripple33 User Join Date: Sep 2020 Location: Gettysburg, PA Posts: 85 Thanks: 137 Thanked 167 Times in 54 Posts	Hindsight is always 20/20. Property is one of those investments that almost always appreciates in value. Collecting Lugers is MUCH MORE fun though...

03-09-2022, 07:00 PM	#8
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	I'm Glad I Moved From Bayonne!

03-09-2022, 07:41 PM	#9
gunnertwo User Join Date: Jan 2010 Location: Nampa, Idaho Posts: 623 Thanks: 826 Thanked 930 Times in 363 Posts	We built in 2019 and moved in September of that year. Custom house at just under 3K sq feet. Price was 486K, recent estimate is now 780K. I was flabbergasted. House down the street, 1850 sq ft just sold for 600K. I'm very glad we got here when we did, we couldn't do it now. My biggest worry now is my property tax. Idaho has an owner/ occupied discount of 125K which offsets some of the tax bill. There is a move starting here to have something similar to California Prop 13. G2

03-09-2022, 07:48 PM	#10
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	Our tax is $558/yr TK God as we live on SSI only!! Congrads on your home!

03-12-2022, 07:00 PM	#13
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	You have to be aware of real Estate taxes, Homeowners ,Utiities and other hidden costs like lawn maintenance, water etc! OUCH!

03-26-2022, 03:03 PM	#15
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	Nice used cars are up almost 100%

04-15-2022, 02:38 AM	#17
PolishX User Join Date: Jan 2022 Location: Wasilla Alaska Posts: 24 Thanks: 24 Thanked 18 Times in 11 Posts	Built in 2013 , 1706 sq ft on 2.5 acres in Alaska $250,000 at 4.25% (That's a good deal then here in Alaska) refinanced the remaining $215,000 last year at 2.25 % no cash out, houses like mine now on the open marked for for $426,000. I'm fortunate in a way because I'm a Disabled Veteran so I get some property tax relief at least to offset it but that just means they overvalue all the homes to make up for it

04-15-2022, 11:58 AM	#18
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	God Bless!

04-16-2022, 05:44 PM	#19
ithacaartist Twice a Lifer Lifetime Forum Patron Join Date: Mar 2011 Location: Atop the highest hill in Schuyler County NY Posts: 3,347 Thanks: 7,285 Thanked 2,579 Times in 1,366 Posts	Though one might seem to be "cashing in" on houses or whatever that now have higher dollar values attached than when purchased, one must also consider the hit they'll suffer when replacing whatever it is. When I got married in 1970, we both worked for less than $2.50/hr--the SO at Flying Training at the Pentagon, and I at a funeral home as basically an apprentice. We paid off a car loan in one year and still had savings. __________________ "... Liberty is the seed and soil, the air and light, the dew and rain of progress, love and joy."-- Robert Greene Ingersoll 1894

04-16-2022, 07:40 PM	#20
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	Fifty Two Years!! Congrad! A Great Woman is often hard to find!!! Debby is my Third!! First Two were Not Good To Find!