The house I wanted to buy for $1.2M at <3% in 2020

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sorry but nowhere around here has gone up that much since 2020. Nowhere.

DP: Oh yes it has! We're in CA. Purchased Nov 2020. Current street value $2.3M. I know for a fact we could sell today for that much, if not more. I'm being conservative. You can choose to believe it, or not. But thems the facts.

You realize this is a DC area forum, right? CA is irrelevant.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sorry but nowhere around here has gone up that much since 2020. Nowhere.

DP: Oh yes it has! We're in CA. Purchased Nov 2020. Current street value $2.3M. I know for a fact we could sell today for that much, if not more. I'm being conservative. You can choose to believe it, or not. But thems the facts.

You realize this is a DC area forum, right? CA is irrelevant.

Where in ca is this?
I believe it btw

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sorry but nowhere around here has gone up that much since 2020. Nowhere.

DP: Oh yes it has! We're in CA. Purchased Nov 2020. Current street value $2.3M. I know for a fact we could sell today for that much, if not more. I'm being conservative. You can choose to believe it, or not. But thems the facts.

You realize this is a DC area forum, right? CA is irrelevant.

Where in ca is this?
I believe it btw

Southern California/Orange County specifically

[Anonymous]

Anonymous wrote:Sorry but nowhere around here has gone up that much since 2020. Nowhere.

It absolutely has. The house we started renting in 2019 was worth $1 million and it sold for $1.4 this year.

[Anonymous]

Townhome I wanted to buy in Avalon NJ for $950k in 2019 sold for $1.9M in 2022

[Anonymous]

Anonymous wrote:if it makes you feel any better, houses that were worth $1.8 million in SF in 2018 are now $1.5 million, so maybe there's hope? But it may take awhile.

SF is a sh$thole

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sorry but nowhere around here has gone up that much since 2020. Nowhere.

It absolutely has. The house we started renting in 2019 was worth $1 million and it sold for $1.4 this year.

How do you know it was worth $1M? Did it sell for that? Still, that is not 50%. It's 40%. That's not out of the ordinary given the national increase.

As I wrote, the DC area is up between 30% and 35% depending on the general area for SFHs. That is on the lower side of appreciation nationally. Nothing special.

[Anonymous]

Oh denial sweetheart, you're not so good at math are you?

[Anonymous]

Anonymous wrote:Oh denial sweetheart, you're not so good at math are you?

Huh?

[Anonymous]

Anonymous wrote:Sorry but nowhere around here has gone up that much since 2020. Nowhere.

We bought for 1.275mil in 2019, house is currently valued at 1.7 mil, we are at 2.75% so it really doesn’t matter to us but prices have gone up quite a bit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sorry but nowhere around here has gone up that much since 2020. Nowhere.

We bought for 1.275mil in 2019, house is currently valued at 1.7 mil, we are at 2.75% so it really doesn’t matter to us but prices have gone up quite a bit.

Ok. So that is an assumed 33%. That’s about what you would expect in the DC area.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sorry but nowhere around here has gone up that much since 2020. Nowhere.

It absolutely has. The house we started renting in 2019 was worth $1 million and it sold for $1.4 this year.

How do you know it was worth $1M? Did it sell for that? Still, that is not 50%. It's 40%. That's not out of the ordinary given the national increase.

As I wrote, the DC area is up between 30% and 35% depending on the general area for SFHs. That is on the lower side of appreciation nationally. Nothing special.

There have definitely been homes that sold for +50% of 2019 pricing sometime during the last 3 years. I doubt anything would get that premium right now, but definitely in 2021-early 2022.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sorry but nowhere around here has gone up that much since 2020. Nowhere.

DP: Oh yes it has! We're in CA. Purchased Nov 2020. Current street value $2.3M. I know for a fact we could sell today for that much, if not more. I'm being conservative. You can choose to believe it, or not. But thems the facts.

You realize this is a DC area forum, right? CA is irrelevant.

+1

[Anonymous]

Patience grasshopper

[Anonymous]

I live in LA and my house went up moderately, but our second home in palm desert has doubled since we bought in 2019. There are definitely areas where things have gone up drastically, especially here in CA.