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#1
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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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#2
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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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#3
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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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#4
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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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#5
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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. Â*Â*Â*Â*Â*Â*Â*Â* Real estate taxes are going to jump.Â* Insurance rates also. Tax RATES should go down if the assessment goes up.Â* Insurance for replacement would go up. Tell us someplace where that happens. |
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#6
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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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#7
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U.S. Home Values Up 2 Trillion Dollars This Year
On 6/11/2021 12:35 AM, 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. Â*Â*Â*Â*Â*Â*Â*Â* Real estate taxes are going to jump.Â* Insurance rates also. Tax RATES should go down if the assessment goes up.Â* Insurance for replacement would go up. Tell us someplace where that happens. Putnam CT. The mill rate for taxes is set by factoring the value of the properties assess and the town budget. When they did the reassessment each time the tax RATE was reduced to reflect it. The last time it was done, industrial/commercial properties went up a bit more that residential and my house tax actually went down a few bucks. If you assume it it going up, the town may oblige you. We had people concerned and watching for that. Most towns/cities have regulations on how it works and just because value goes up, no windfall. |
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#8
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U.S. Home Values Up 2 Trillion Dollars This Year
On Thu, 10 Jun 2021 21:35:49 -0700, 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. Â*Â*Â*Â*Â*Â*Â*Â* Real estate taxes are going to jump.Â* Insurance rates also. Tax RATES should go down if the assessment goes up.Â* Insurance for replacement would go up. Tell us someplace where that happens. Exactly. Rates virtually never go down. What they do here is reduce the effective assessment when there is a bubble so they don't need to raise the rate if there is a decline in retail price. We also have SOH for homesteaded properties that caps increases to 3% |
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#9
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U.S. Home Values Up 2 Trillion Dollars This Year
On Thu, 10 Jun 2021 18:24:46 -0700 (PDT), Dean Hoffman posted for all of us to digest... 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. That's for sure - for both. Inflation is already here... -- Tekkie |
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#10
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U.S. Home Values Up 2 Trillion Dollars This Year
On 6/11/21 2:10 PM, Tekkie� wrote:
On Thu, 10 Jun 2021 18:24:46 -0700 (PDT), Dean Hoffman posted for all of us to digest... 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. That's for sure - for both. Inflation is already here... It's all part of Biden's Misery Index. And with the democrats shutting down pipelines, gas prices will only get worse. |
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#11
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U.S. Home Values Up 2 Trillion Dollars This Year
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#12
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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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#13
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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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#14
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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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#15
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U.S. Home Values Up 2 Trillion Dollars This Year
On 6/11/2021 1:34 AM, MikeJ wrote:
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! I just googled my address and looked at the Zillow estimate. It is unreal and claims it went up $17,000 in one month. Inflation is running 5% and some moron said it is only 3% if you discount fuel and food. |
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#16
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U.S. Home Values Up 2 Trillion Dollars This Year
On 6/11/2021 9:16 AM, Frank wrote:
On 6/11/2021 1:34 AM, MikeJ wrote: 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! I just googled my address and looked at the Zillow estimate.Â* It is unreal and claims it went up $17,000 in one month. Inflation is running 5% and some moron said it is only 3% if you discount fuel and food. A week or so ago CBS Sunday Morning did a segment on housing. Crazy. Houses listed for 400k had eight bitters and it sold for 500k. an open house had a line of people waiting to go through and 50 cars down the street. My neighbor sold his house in one day. Listed and advertised on Day one, sold above listed price by 10k the next day. |
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#17
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U.S. Home Values Up 2 Trillion Dollars This Year
On Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean Hoffman posted for all of us to digest... https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html Home values are like the stock market to me. It only matters when one sells. Selling can be planned or unintentional. I am no financial wizard nor pretend to be one on the inet. -- Tekkie |
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