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Real Estate
Reply to "Poll: How much did you pay for your house and what's it worth now? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Some of the price increases on here do not sound sustainable... if you bought a house last year and it's already worth 100k more, how much longer is that supposed to go on? Is the house supposed to gain a million in value in 10 years? How are people just starting out going to be able to afford homes? I dunno, it just doesn't seem right to me.[/quote] This is OP. In my case the house was already worth 100K more when I purchased it. It was a foreclosure that needed lots of cosmetic work which apparently turned off lots of buyers so the house sat and sat and the bank kept slashing the price. It was the dead of winter and we got lucky. I don't expect the value to go up much higher than the current appraisal. [/quote] +1 [/quote]
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