Three Word Post Whore's Delight

[sparky216]

Where do you live G where you can get a house for 100k, hell that wouldn't even buy you my garage here?

[da.bell]

Where do you live G where you can get a house for 100k, hell that wouldn't even buy you my garage here?

The price of my land is double that.

[sparky216]

for cost of a house.... Yes but for a last purchase amount, I have found that that site is fairly accurate.

your right, I just looked at the "Zestimate" of my house and OMG it would never sell for that

[da.bell]

I know... I had my house appraised 6 months ago and was appraised for $50k more than what zillow had on it. Don't get my wrong, I don't live in a richy rich house but just goes to say that the price they are quoting is only an estimate (ops, zestimate). Not worth the effort to price quote from there.

[sparky216]

I know... I had my house appraised 6 months ago and was appraised for $50k more than what zillow had on it. Don't get my wrong, I don't live in a richy rich house but just goes to say that the price they are quoting is only an estimate (ops, zestimate). Not worth the effort to price quote from there.

wow 50k more! That is very nice

Has our house appraised at 352,500 which in this market is probably 25-35k too much. Who knows though

[da.bell]

If you could get away with it I get you would sell it for that amount.

My house is appraised at $354,000 he he he But its worth per the appraiser $400k

[da.bell]

...

[G-MONEY]

Where do you live G where you can get a house for 100k, hell that wouldn't even buy you my garage here?

Not me....

I live in so cal 100k can get you a car maybe....
Yorba Linda

[sparky216]

I guess a house is only worth what someone is willing to pay for it. Not a lot of people in Salem, Oregon that can afford $400k houses as 40%+ of our workforce is gov't employees. While we always have a good economy because of low unemployment, the incomes here just cannot justify the high house prices. I don't live in a "ritzy" area, but a nice one, the "ritzy" areas have insane prices.........who affords these homes????

[sparky216]

Not me....

I live in so cal 100k can get you a car maybe....
Yorba Linda

sorry I meant CP3

[da.bell]

I guess a house is only worth what someone is willing to pay for it. Not a lot of people in Salem, Oregon that can afford $400k houses as 40%+ of our workforce is gov't employees. While we always have a good economy because of low unemployment, the incomes here just cannot justify the high house prices. I don't live in a "ritzy" area, but a nice one, the "ritzy" areas have insane prices.........who affords these homes????

I am in a huge government city myself but the prices here were driven up because of the people from the bay area buying because it was cheaper than there.

[sparky216]

...

Wow prices in Sac have really leveled off, that is a good thing.

[da.bell]

Wow prices in Sac have really leveled off, that is a good thing.

Ya, I like that. At one time the prices were so bad that dual income $75k total were not able to afford a house in a normal area.... Prices have dropped around $75k-$100k here also.

[xpjim1]

Being an ex appraiser, the value is an opinion based on fact. In this case the fact is current closed home sales. WIth values in our market declining that means a closed sale recorded today actually occurred 30 - 60 days ago. Already dated info. Most lenders are requiring closed sales dated no more than 60 days and current in escrow and current listings. Then if you are in a declining market they lower your LTV 5%. Tough times out in the real estate fields today

[sparky216]

I am in a huge government city myself but the prices here were driven up because of the people from the bay area buying because it was cheaper than there.

ditto, you Californians were coming up here buying us all out!!!!!