Kick in the junk with what is currently going on.
dromo07 said:
couple more years of this and my crap house will be at $250K threshold
PDWT_12 said:
Our 2 year old, 4/3 house in the south part of Tyler is being appraised at $50k more than what our original loan was for (I know our builder undervalued it a little but still).
I know this comes across as a humble brag but I'm more surprised than anything else.
Aggiebrewer said:
But but... it's not the appraisal districts fault...
Stive said:
Oh.....and 10% increase here. They're still trying to catch up in my neighborhood.
Yes it's the cap.RockOn said:
Third straight year of a 10% increase for me. I assume that's the cap?
AGC said:dromo07 said:
couple more years of this and my crap house will be at $250K threshold
Honestly I'm a bit surprised (and I say this for Josepi's benefit as much as anyone else because I wasn't trying to publicly tell people his income, net worth, or anything else). Starter homes here are 'expensive' (though dallas is going up to $300-350K if I recall correctly). New 3/2 here is what, $200K? compared with 2010 when you could buy stuff in flint for $130K. The $250K and under group will disappear in a few years with little exception. Less than five years of this and I'll be there too. Just depends on what you think is reasonable for an assessment relative to the market. I'm probably 15-20% under what stuff sells for in my neighborhood so is that reasonable?
Stive said:
Interesting. Is that track homes?
We were told yesterday by a builder that they're mostly quoting 160-175 per foot, but that it goes up quickly from there depending on the finishes.