How much is your house currently worth?

Bought in 2016 for $375,000. Recently appraised for $700k

Paid $117K in 1987; now around $625K.

My rental property was valued at $210K when I inherited it in 2011; now around $600K.

3 BR 2.5 bath condo bought for $490K in 2020 just before Covid. Current estimate $765K

There was a piece in my local paper that said property in my area is overvalued by a third, which sounds about right.

Are Bernie millennials still 'fighting for $15'? A lot of good that'll do when an average home costs half a million.

[quote]How much is your house currently worth?

Which one?

Billions

Well, my modular home (see trailer court home), which I purchased in 2015 for $36k, doubled in value. I sold it for $74k. It included the above ground pool.

The California house we bought for 250K in 2003. Now it's going for 1 million..

The Florida house sold for 250K in 2003. Now its only 657K.

Once you leave California, you can't go back...Arrgghh!!

Dick measuring contest.

Bought in late 2018 for $655,000, worth about 1,080,000. Sounds great unyil you realize everything else for sale is expensive.

Bought in January during the tippy top of the market and overpaid by a ton to get it at 940K. Would be lucky to get 840K now. We don't care, we wanted it.

I'm curious about your house R12. What made you fall in love with it?

Bought in 2011 for $365k could probably get $850k now in Portland, OR. The house next door and directly across the street both sold last spring for $900k, the market has softened a bit since then.

Bought it recently for $410k; it was immediately appraised at about $50k more than that, and hopefully will go up even higher. But, alas, so are the property taxes.

I’m shocked how much value went up int 2 years - 500 to 700. But I think it’s going to fall back to where it was pre-Covid. The craziness of the Covid market made prices skyrocket. But the hard reality of doubling mortgage rates means prices HAVE TO come down. The person who could afford (get a mortgage for) a 700k house can now only afford a 500k house. It HAS to bring prices down - and in fact I am seeing it happen in real time in the past 2 months.

Having seen cycles over the past 35 years, it seems the multi-year rise in prices is followed by multi-year slope down. So I’m not expecting to realize the gains of the last 2 years if I sell in the next 5 years.

I paid 285K in 2001 and am told now I could get 1.5M.

I live in a modest but safe blue collar neighborhood and my house is worth about 180K. I don't care if the value falls because I'm not going anywhere unless and until I can retire in 15 years or so. On the plus side, my taxes, insurance and utilities come to less than $500 a month, at least for now.

Bought for $860k in 2015. Now worth $1.1M. To be fair, we have 5 acres, put in $100k of improvements, and will do another $50k or more in the spring.

A sure fire way to win at the property inflation price game is to cash out if you are in a high property cost area and move to a lower property cost area.

I did and it's great having no mortgage for the past 20 years.

I bought my condo in 1976 for 41k. Last valuation was $1.25 million.

3BR house on 10 acres bought in 2000 for 219K. Now assessed at 285K.

Not too worried about the assessment. The monthly mortgage/tax payment is under 1,000/mo. The mortgage will be paid off in 8 yrs about the time we retire.

$3.2 million, bought for $2.2 million in 2019. Other house $12 million, bought for $1.4 million in 1998. Condo in Palm Springs $600k, bought for $180k in 2008. All in California. It’s completely insane, but when we die, they go into a trust to be sole for charity.