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Registered
Join Date: Oct 2004
Location: Memphis TN
Posts: 573
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Down Housing Market Hits Home
Just had my house appraised for a refi. The house was built almost exactly one year ago and I have spent about $60k in improvements such as a pool, deck, pergola, interior stuff... the appraisal came in at $15k less than I paid originally.
 Good thing I have no plans to move again. Ever.
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ELVIS 84 CAB -SOLD |
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10-29-2009, 02:11 PM
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I had mine appraised about a month ago. Came in at $270K. I paid $215K in 2001. I owe $180K. I okay with it, I'm not going anywhere. I don't really understand though. A bigger turd than mine sold for $295K in March. Market time was less than a month. I figured mine was worth at least that much.
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-Mark B. Hardware Store Engineer 1988 911 - 3.6 1999 SL500 - Gone 1995 M3 - LS2 - Gone 1993 RS America - Gone |
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10-29-2009, 02:18 PM
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Registered
Join Date: Jun 2000
Location: bottom left corner of the world
Posts: 22,823
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It could be worse - for a lot of people it is worse, gulp.
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10-29-2009, 02:25 PM
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Registered
Join Date: Oct 2004
Location: Memphis TN
Posts: 573
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Yep, could be worse. Houses here are comparatively cheap to many areas in the US. I'm sure many people would love to be in my situation. Prices will rise for everyone though... someday.
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ELVIS 84 CAB -SOLD |
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10-29-2009, 02:44 PM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,969
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Mine just went up $1000 this month. Been flat for the last 6 months or so, then dipped in Sept by $3k. Now coming back up is a good sign.
Builders are actively going at it a mile down the road and the places are selling, so guess this area is picking up. Good thing as we need it.
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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10-29-2009, 03:13 PM
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M3/LS2/T56/3.38
