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Post by ntsf on Apr 10, 2018 21:15:05 GMT
with rent control and prop 13.. no one moves unless they have to... my kids can inherit my property tax basis.. so my mantra is never sell
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Post by beaglemom on Apr 10, 2018 21:21:48 GMT
Based on house sales since Zillow is saying our house has gone up $300,000 in value since we bought it in December. The house we are putting on the market on May, we should get double what we paid for it 10 years ago.
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Post by fredfreddy44 on Apr 10, 2018 22:34:34 GMT
I am still grateful my dh pushed us to buy our first house in 1999. I didn't think we were ready. We have moved to a different house in SJ, but the first house we bought for 314K is now worth 1.08 according to Zillow. Our mortgage is based on that first purchase price.
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iowgirl
Pearl Clutcher
Posts: 4,295 
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Post by iowgirl on Apr 11, 2018 1:02:13 GMT
Geeze-o-pete! You can buy a good 80 acre piece of farm ground for that around here.  LOL That is my husbands frame of reference. |
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Post by PNWMom on Apr 11, 2018 1:07:27 GMT
Seattle tear downThis one sold in Seattle for $630k in December on a 6400 square foot lot. Craziness. I'm an RN and my husband is a locksmith. We bought a condo in 2000 and sold it for double the price in 2006, then bought a house in 2006 and it has more than doubled in price since then (per zillow). We only owe ~$170k on it still, so we can live here (in the city, almost exactly 5 miles from the hospital where we work downtown). We would never be able to buy in the city these days with the crazy prices. They just put in a row of 6 townhouses on the other side of the little greenbelt behind our house and they are on 5000 sqft lots on a busy arterial street and sold in just a few days for $700k and $730k, depending on layouts. Craziness.
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LOL That is my husbands frame of reference. 