Quote:
Originally Posted by anglehart
I dont buy it for one min. that homes in some places are rising in price. every thing is dropping and the taxes are rising. Post proof of what you say is true, and not anecdotal talk. Post a link to a news paper besides the onion that states what you say.
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I usually don't answer bleeding heart liberals that maintain a stance that burning a home and endangering neighbors and firefighters is ok in certain situations.
This time I will make an exception. For one I haven't a clue what "the Onion" is, and by the name don't care to either.
Grand Rapids Statistics - Home Values - Grand Rapids, mi home prices are over the course of 2-5 years, most housing professionals and investment professionals agree that you shouldn't buy if you don't plan on being in that home for less than 5 years.
Home prices by city - MSN Money This breaks it down by home prices for the first quarter of the year so far, the last year overall, and the 5 year mark. While there had been a general decline last year over all there have been gains so far into the first quarter (which is what I was saying) and generally a gain over the 5 year mark. The highlight areas are:
......Area..............................Rank....1s t 1/4...year....5 year
Ann Arbor, MI........................274......0.75....-7.94.....1.89
Detroit-Livonia-Dearborn, MI.....259.....0.51....-6.13....-1.61( slight loss at 5 year, but recent gain)
Grand Rapids-Wyoming, MI.......239......0.40....-2.98.....8.33
Holland-Grand Haven, MI.........195.......0.76....-0.24....11.20
Lansing-East Lansing, MI.........228.......0.89....-2.37....11.84
The list is long and I don't really want to copy more of it.
There are a couple of legit sites that are saying the same as I did, so far I haven't found anything of the story you posted at the start of the thread. Link please!