|
rahaeli@rahaeli.bsky.social |
The current estimated sale price of our house is a 71% increase over when we bought it in 2010 and I agree that "bananas" is the correct word for it. And if we wanted to sell, we'd have to screen buyers *incredibly* carefully to weed out investors intending to rent it for outrageous prices.
32 replies 19 reposts 233 likes
|
cagey ratfish 🐟🐈⬛🎨🏳️⚧️
@cageyratfish.bsky.social
[ View ] |
when i bought my house in 2017 for what was, even then, a ridiculous deal (because it had no central heating - another story) my brother who lives in Toronto, said "Wow, in Toronto that would be half a million dollars." That's pretty much what it would sell for *now* 😖 just unreal
0 replies 0 reposts 2 likes
|
The muppety one
@muppetk.bsky.social
[ View ] |
The estimated sale price of my place today is about 400% over when I got it in 2001. Bananas doesn’t begin to describe it. A little of that is just how NYC works and a little is luck but… *smh* At least it’s a resident owned co-op so I don’t think it can legally go to a corporation.
1 replies 0 reposts 4 likes
|
Mad Bastard
@madbastard-v2.bsky.social
[ View ] |
I just looked at the Zillow numbers on my house now, versus when I bought it, and it's a 72% increase in less than six years. Yikes.
0 replies 1 reposts 2 likes
|
Alexander The SoSo
@theleakingpen.bsky.social
[ View ] |
mine is about to double in value from when we bought it in 2019...
0 replies 0 reposts 1 likes
|
@anathema_device@bne.social
@iamanathemadevice.bsky.social
[ View ] |
I'm in Brisbane Australia. Bought our house in 2006 for $253k. Now valued at $694K 253% increase :(
0 replies 0 reposts 1 likes
|
Katie (she/they)
@imagine0enigami.bsky.social
[ View ] |
We bought ours for $255k in 2016. It’s “worth” about $486k now. For those doing math that’s nearly a doubling in value. In under a decade. It’s crazypants.
1 replies 0 reposts 3 likes
|
Chris Jones
@cjones47.bsky.social
[ View ] |
Housing policy sucks, but that's 3.86% CAGR per year - not that crazy.
0 replies 0 reposts 1 likes
|
pockets and sedition
@yoboseiyo.bsky.social
[ View ] |
in my state we can specify that it must be used as the buyer's primary residence, but of course people lie.
0 replies 0 reposts 1 likes
|
Kitty Chandler
@mightybattlecat.bsky.social
[ View ] |
My house is now worth 4.5 times what I paid for it. A little under 4 times if you include the renovation costs because it had sat empty for a bit and needed some work.
0 replies 0 reposts 1 likes
|
Mike Wiser
@drmikewiser.bsky.social
[ View ] |
Oof. This also is so market specific. I just ran the numbers on mine. I bought in 2006, and the amount more Zillow thinks it's worth now - after accounting for general inflation -- is ~16%. But the renovations I've done added >30% extra finished living space, so ...
0 replies 0 reposts 3 likes
|
Elisabeth Van Every
@e-van-every.bsky.social
[ View ] |
Ours is up about 75% in 7 yrs, which puts it close to $1mil. And because the entire market here is out of control, we’d be unable to buy anything remotely comparable if we did sell.
1 replies 1 reposts 4 likes
|
|
rahaeli
@rahaeli.bsky.social
[ View ] |
And even then we'd have a huge chance of not properly excluding some offers from investment/rental operations, because they're aware how much people hate them and they are incredibly good at posing as people who intend to owner-occupy the house. Like, *incredibly* good.
3 replies 5 reposts 100 likes
|
Dwight Williams (💉x 8) + 😷
@dewline.bsky.social
[ View ] |
A lot of current home-owners will want to be similarly careful, worldwide.
0 replies 0 reposts 3 likes
|
r
@recombobulating.bsky.social
[ View ] |
The area we live in has been gentrifying rapidly and our house has doubled in value in a decade it is just ridiculous.
1 replies 0 reposts 1 likes
|
Xipha
@xipha.bsky.social
[ View ] |
My dad bought a 4 room condo in 2014 for about 45000€. Recently he talked to a dude from a different condo in this building and he said that he paid for his condo about 100.000€. That's insane for this area! My dad actually felt sorry for that poor guy.
1 replies 1 reposts 7 likes
|
The Octopus Gallery
@octopusgallery.bsky.social
[ View ] |
Ours has almost but not quite doubled. 😬
1 replies 0 reposts 1 likes
|
|
Pierce Nichols
@nocleverhandle.bsky.social
[ View ] |
The county thinks the ground under my house is worth twice what I paid for the whole shebang in 2012... and Zillow thinks it's worth almost four times what I paid. Utter madness.
1 replies 0 reposts 2 likes
|
Colin McMillen
@mcmillen.dev
[ View ] |
Yeah, our house was also bought in 2010 and its estimated price is almost 2.2x of what we bought it for. Ridiculous. Since I don't *intend* to use my home as an investment, I'd much rather have had construction in the area so that we'd have more neighbors, businesses & arts, more public services etc
1 replies 1 reposts 7 likes
|
marafish
@marafish.bsky.social
[ View ] |
jfc, I just looked up my house (condo/townhome)? could easily sell for 100% what I bought it for 15 years ago.
1 replies 0 reposts 1 likes
|
Cat Kimbriel
@catkimbriel.bsky.social
[ View ] |
It is absolutely bonkers.
0 replies 0 reposts 1 likes
|
Nora Bombay
@norabombay.bsky.social
[ View ] |
My condo, December 2021. Up either 12 or 20%. And this is a building with a $1200 condo fee, or it would be $140k higher.
1 replies 1 reposts 4 likes
|
W. Dow Rieder
@riderius.bsky.social
[ View ] |
That's only about 4% a year, and there was a whole lot of Shit That Needed Fixing that you fixed, so it actually seems reasonable to me. But then I remember 70s and early 80s inflation, so my base expectations are probably different 8-)
0 replies 0 reposts 1 likes
|
CZEdwards
@czedwards.bsky.social
[ View ] |
Ours has doubled from 2015 to now. This is not healthy for a 30 year old townhouse development.
1 replies 1 reposts 13 likes
|
Denys Beecher
@dbeecher.bsky.social
[ View ] |
Bought in 2019. Doubled in about three years. It's actually dipped a little in the last year or so, but we're still at like 190% of purchase price.
0 replies 0 reposts 2 likes
|
Sarah Parcak, Book Writing Madness
@indyfromspace.bsky.social
[ View ] |
We got SO lucky with the price and interest rates etc. No renters in our neighborhood *however* we get a LOT of scam texts about selling and for some reason they get an auto gay porn photo response with graphic details about their mom and what she likes to eat? Cannot help that my # is hacked.
2 replies 0 reposts 15 likes
|
Will o' the Wisse
@wissewords.bsky.social
[ View ] |
Oh ja. Bought a one bedroom flat in Amsterdam in 2005; sold last year for three times what I paid, enough to buy a family home in my birth town.
0 replies 0 reposts 3 likes
|
Micah
@rincewind.run
[ View ] |
I’m pretty sure ours is over 100% at this point (though part of that is that we put a lot of money into renovating it) and I have seen houses in our neighborhood go right to the people renting them out for unconscionable prices
3 replies 0 reposts 21 likes
|
Jess Nevins
@jessnevins.bsky.social
[ View ] |
Same but more here in suburban Houston. Our neighborhood was affordable for first-time house buyers in 2010. Now it's definitely not.
0 replies 0 reposts 1 likes
|
Kari Dru
@karidru.bsky.social
[ View ] |
Mine's gone up about that and I can't sell because it's STILL cheaper than every other house in the world. Also the Chiropractic college wants my whole neighborhood and... over my dead body. QUITE LITERALLY.
0 replies 0 reposts 12 likes
|
Diana the Gaming Gamer Who Games. USE ALT TEXT. (She/her)
@diana2112gaming.bsky.social
[ View ] |
Our house was $50k in 2008. It's worth nearly $200k now. It's absolutely bonkers.
0 replies 0 reposts 1 likes
|
@breadnroses.bsky.social
[ View ] |
Up over 50 percent, probably more, in ten years, and we've done nothing to add value to it.
1 replies 0 reposts 2 likes
|
Orcish Law
@orcishlaw.bsky.social
[ View ] |
We bought about ten years ago, more house than we needed but for cheap because it has a wonky floor plan. At its highest it got up to an increase of 150% of our purchase price, but now it's sitting around 100%. Landlords would kill to buy it and rent it out to college kids. Hell no.
0 replies 0 reposts 1 likes