Thread Rating:
Calculating Fair Value in today's market
|
06-23-2014, 05:24 PM,
|
|||
|
|||
RE: Calculating Fair Value in today's market
Hey Boomer,
Welcome to VanPeak. I read your intro post and I am happy to learn my VP posts have been of value. Thanks for your best wishes, too. Regarding your question above about iisting so far above assessement, I think if you can find out when the owner bought the house on the SC then you will likely have your answer. In my monthly SC stats, I include a single detached home Benchmark price chart and it shows the Benchmark price peaked in July 2010. However, the absolute year of price insantity was 2007 when home (and lot) prices leaped by a minimum of $100,000. So, anyone who bought property on the coast prior to the Benchmark peak are likely doing their best to ignore their home's falling assessment value. I am sure that many who came and bought were counting on downsizing to help finance their later years; an important issue since conservative investments (GICs, bank accounts) have offered such poor returns since the financial collape of 2009. It's awfully hard accept that you won't get a least what you may have paid for your home and especially if you bought into the dream that real estate always rises in value. |
|||
« Next Oldest | Next Newest »
|
Messages In This Thread |
Calculating Fair Value in today's market - by JimmyWW - 05-22-2014, 10:43 AM
RE: Calculating Fair Value in today's market - by Alexcanuck - 05-22-2014, 05:57 PM
RE: Calculating Fair Value in today's market - by NolaM - 05-28-2014, 06:07 AM
RE: Calculating Fair Value in today's market - by Boomer - 06-23-2014, 04:29 PM
RE: Calculating Fair Value in today's market - by Skook - 06-23-2014, 05:24 PM
RE: Calculating Fair Value in today's market - by JimmyWW - 06-24-2014, 04:41 AM
RE: Calculating Fair Value in today's market - by Boomer - 06-24-2014, 07:24 AM
RE: Calculating Fair Value in today's market - by JimmyWW - 07-01-2014, 07:19 AM
RE: Calculating Fair Value in today's market - by Boomer - 07-02-2014, 11:01 AM
RE: Calculating Fair Value in today's market - by georgie girl - 08-03-2015, 09:07 PM
RE: Calculating Fair Value in today's market - by Plelt - 08-04-2015, 09:27 AM
|
Possibly Related Threads... | |||||
Thread | Author | Replies | Views | Last Post | |
Harper’s Election Promises & the Real Estate Market | Skook | 3 | 20,269 |
11-29-2015, 05:24 PM Last Post: Skook |
Users browsing this thread: 1 Guest(s)