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-   -   U.S. Home Values Up 2 Trillion Dollars This Year (https://www.diybanter.com/home-repair/687114-u-s-home-values-up-2-trillion-dollars-year.html)

Dean Hoffman[_18_] June 10th 21 11:35 PM

U.S. Home Values Up 2 Trillion Dollars This Year
 
https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html

[email protected] June 11th 21 02:56 AM

U.S. Home Values Up 2 Trillion Dollars This Year
 
On Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean Hoffman
wrote:

https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html


As we found out in 2008 there is a difference between home prices and
home value. I would say home prices are up. Whether that is actually
going to translate to value will be seen.

Dean Hoffman[_18_] June 11th 21 03:24 AM

U.S. Home Values Up 2 Trillion Dollars This Year
 
On Thursday, June 10, 2021 at 7:56:52 PM UTC-5, wrote:
On Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean Hoffman
wrote:

https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html


As we found out in 2008 there is a difference between home prices and
home value. I would say home prices are up. Whether that is actually
going to translate to value will be seen.


Real estate taxes are going to jump. Insurance rates also.

Ed Pawlowski[_3_] June 11th 21 04:21 AM

U.S. Home Values Up 2 Trillion Dollars This Year
 
On 6/10/2021 9:24 PM, Dean Hoffman wrote:
On Thursday, June 10, 2021 at 7:56:52 PM UTC-5, wrote:
On Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean Hoffman
wrote:

https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html


As we found out in 2008 there is a difference between home prices and
home value. I would say home prices are up. Whether that is actually
going to translate to value will be seen.


Real estate taxes are going to jump. Insurance rates also.

Tax RATES should go down if the assessment goes up. Insurance for
replacement would go up.

Ed Pawlowski[_3_] June 11th 21 04:25 AM

U.S. Home Values Up 2 Trillion Dollars This Year
 
On 6/10/2021 8:56 PM, wrote:
On Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean Hoffman
wrote:

https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html


As we found out in 2008 there is a difference between home prices and
home value. I would say home prices are up. Whether that is actually
going to translate to value will be seen.


That is a good point. My house is 2 1/2 years old and at the price I
could sell it for now, to me, is not a good value. My income did not
change so from a buyer POV, not so good.

micky June 11th 21 04:25 AM

U.S. Home Values Up 2 Trillion Dollars This Year
 
In alt.home.repair, on Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean
Hoffman wrote:

https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html


I don't think anyone will pay 2 trillion for my house.

Ed Pawlowski[_3_] June 11th 21 05:05 AM

U.S. Home Values Up 2 Trillion Dollars This Year
 
On 6/10/2021 10:25 PM, micky wrote:
In alt.home.repair, on Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean
Hoffman wrote:

https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html


I don't think anyone will pay 2 trillion for my house.


The way things are going, maybe they will next year.

I sold, then bought a new house. Looking at Zillow, the house I sold is
value at 30k more in 2 1/2 years. While the extra would be nice, it
does not cover the 60k+ the house I bought went up in the same time.

I'm staying with a friend in NJ this week. Her place jumped at least
500K in the past year. She does not rent her place out but if she did,
it would get 15K a week.

Bob F June 11th 21 06:35 AM

U.S. Home Values Up 2 Trillion Dollars This Year
 
On 6/10/2021 7:21 PM, Ed Pawlowski wrote:
On 6/10/2021 9:24 PM, Dean Hoffman wrote:
On Thursday, June 10, 2021 at 7:56:52 PM UTC-5, wrote:
On Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean Hoffman
wrote:

https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html


As we found out in 2008 there is a difference between home prices and
home value. I would say home prices are up. Whether that is actually
going to translate to value will be seen.


******** Real estate taxes are going to jump.* Insurance rates also.

Tax RATES should go down if the assessment goes up.* Insurance for
replacement would go up.


Tell us someplace where that happens.


MikeJ[_4_] June 11th 21 07:34 AM

U.S. Home Values Up 2 Trillion Dollars This Year
 
micky wrote in
:

In alt.home.repair, on Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean
Hoffman wrote:

https://www.dailymail.co.uk/news/art...ers-America-go
t-2T-richer-months-year.html


I don't think anyone will pay 2 trillion for my house.


Nice. Very nice!

trader_4 June 11th 21 02:55 PM

U.S. Home Values Up 2 Trillion Dollars This Year
 
On Friday, June 11, 2021 at 12:35:55 AM UTC-4, Bob F wrote:
On 6/10/2021 7:21 PM, Ed Pawlowski wrote:
On 6/10/2021 9:24 PM, Dean Hoffman wrote:
On Thursday, June 10, 2021 at 7:56:52 PM UTC-5, wrote:
On Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean Hoffman
wrote:

https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html


As we found out in 2008 there is a difference between home prices and
home value. I would say home prices are up. Whether that is actually
going to translate to value will be seen.

Real estate taxes are going to jump. Insurance rates also.

Tax RATES should go down if the assessment goes up. Insurance for
replacement would go up.

Tell us someplace where that happens.


It happens here every time they do a reassessment, which is maybe every ten years
or so. What do you think happens? Properties go up on average say 50% and they use
those new numbers with the old tax rate? Suddenly the municipality would have
50% more revenue, if the poor slobs could pay their bills. It doesn't work that way.
The new tax rate is set so that the total revenue from the new assessment stays the same.







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