U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > San Antonio
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-30-2007, 12:28 PM
 
64 posts, read 176,689 times
Reputation: 29

Advertisements

As a homeowner who bought in 2003 for a very good price and who plans to stay put for at least 15-20 years, I could care less whether the value of my home goes up or down. Except for tax appraisal purposes- big ouch there.
We also would never HELOC our home to extract any "equity" from a "rise in value" - a HELOC is a loan. Those loans have gotten a whole lot of folks in a whole lot of trouble. I digress.
As a buyer OR a seller at the present time, I would be researching what is going on in real estate from any and all sources and not rely on what is fed to us by the MSM or realtor associations. I, too, have lived through housing bubbles and busts in Texas and this one is quite a bit more mind boggling and scary. I feel very fortunate and grateful for my situation.
Reply With Quote Quick reply to this message

 
Old 09-30-2007, 03:04 PM
 
454 posts, read 371,103 times
Reputation: 52
Quote:
Originally Posted by texasdreamin View Post
The value of my house has gone up $20k since this housing mess started. I was shocked. Maybe it is going down only in certain places??? I think the bigger problem is that people have stopped buying...hoping that the prices will go down, down, down. I think things will become stable, but I really don't think prices are going to go too far down. I've been through two or three of these housing crisis since I have owned my home...and it ALWAYS bounces back. If I was a homeowner, I would wait it out for the next 6+ months. If I was a buyer, I wouldn't wait too long past that time.
The value of our house has doubled since 2004 - and that's only because we haven't finished renovating (it's still a mess). If we were finished, the value would likely be triple based on what other houses in this 'hood have gone for.

I think most of the buyers are Californians...
Reply With Quote Quick reply to this message
 
Old 09-30-2007, 03:30 PM
 
64 posts, read 176,689 times
Reputation: 29
Default Values up

I'm curious about how you are determining how much your property has gone up in value? Bexar County Tax Appraisal records? Real estate agent? Bank appraiser?
I always thought I would not REALLY know how much my home went up in value until I placed it for sale, determined an asking price and a buyer accepts that price or makes a counteroffer which I accept - thus, my home's actual market value. That transaction would tell me how much my property actually went up (or down) in value since I purchased it.
Thanks for any info you can provide! I'm quite fascinated by this.
Reply With Quote Quick reply to this message
 
Old 09-30-2007, 05:04 PM
 
Location: Houston
1,257 posts, read 2,221,093 times
Reputation: 1220
Quote:
Originally Posted by hello13685 View Post
Squidio, a lot of us have trouble taking the culture and attitudes (I'm sure the reverse is true for many Texans--that is, they have a hard time putting up with Californian cultural ideals). But, many of us try our best to stay given some of the reasons that Wehotex pointed out. It's unfortunate that there isn't a perfect place. Where is my $100,000, 2500square foot condo in year-round warm weather, a bustling and intellectual vibe, and all of it walking distance to coffee shop culture, shopping, broadway quality shows and world-class museums?! Is that too much to ask?? Sheesh...

Heh! I am pretty happy costs are low here across the board. Luckily there is so much room the real estate market wont overheat like it did where I am from. I was surprised to find the culture here that I did. Its not California and its beautiful anyway. Sadly I will be moving on in a few years. I can always visit Texas and my newest friends.


Squidlo
Reply With Quote Quick reply to this message
 
Old 09-30-2007, 05:33 PM
 
679 posts, read 2,605,000 times
Reputation: 203
Quote:
Originally Posted by saywhat? View Post
I'm curious about how you are determining how much your property has gone up in value? Bexar County Tax Appraisal records? Real estate agent? Bank appraiser?
I always thought I would not REALLY know how much my home went up in value until I placed it for sale, determined an asking price and a buyer accepts that price or makes a counteroffer which I accept - thus, my home's actual market value. That transaction would tell me how much my property actually went up (or down) in value since I purchased it.
Thanks for any info you can provide! I'm quite fascinated by this.
#1...I don't live in Texas.
#2...my son-in-law is a mortgage broker. They know all about "comps".
#3...my nephew is an appraiser.
Reply With Quote Quick reply to this message
 
Old 09-30-2007, 07:40 PM
 
454 posts, read 371,103 times
Reputation: 52
Quote:
Originally Posted by saywhat? View Post
I'm curious about how you are determining how much your property has gone up in value? Bexar County Tax Appraisal records? Real estate agent? Bank appraiser?
I always thought I would not REALLY know how much my home went up in value until I placed it for sale, determined an asking price and a buyer accepts that price or makes a counteroffer which I accept - thus, my home's actual market value. That transaction would tell me how much my property actually went up (or down) in value since I purchased it.
Thanks for any info you can provide! I'm quite fascinated by this.
Based on the random offers Californians leave on our door ;-)

Seriously. We often get offers from people driving around looking for a 'bargain' and willing to pay us to 'take that house off your hands" (until we painted last week, the house looked like a crack shack... so the assumption was we were desperate for cash and they were doing us a favor).

Also based on what our realtors have told us, and what other houses in the area have sold for. The house we rented before we bought just sold - I know all it's ins and outs and all the work that needs to be done on it, and I know how much it sold for.
Reply With Quote Quick reply to this message
 
Old 09-30-2007, 09:40 PM
 
7 posts, read 15,606 times
Reputation: 10
Quote:
Originally Posted by CamaroGuy View Post
I just hope and pray that they don't "Californicate" San Antonio or the rest of Texas heaven forbid!
I don't think that will happen. The Texas and SA culture is too strong and desirable to try to bring what one was trying to get away from. I think anyone who moves from CA should try to be open and be influenced by the local culture, not bring everything with them. OTOH, probably a little cross pollination could be good for both groups.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > San Antonio
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 06:07 AM.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top