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Old June 10th 21, 10:35 PM posted to alt.home.repair
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Default 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

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Old June 11th 21, 01:56 AM posted to alt.home.repair
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Default 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.
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Old June 11th 21, 02:24 AM posted to alt.home.repair
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Default 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.
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Old June 11th 21, 03:21 AM posted to alt.home.repair
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Default 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.
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Old June 11th 21, 03:25 AM posted to alt.home.repair
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Default 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.
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Old June 11th 21, 04:05 AM posted to alt.home.repair
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Default 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.
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Old June 11th 21, 05:35 AM posted to alt.home.repair
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Default 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.

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Old June 11th 21, 06:34 AM posted to alt.home.repair
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Default 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!
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Old June 11th 21, 01:55 PM posted to alt.home.repair
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Default 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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