06-26-2012, 10:16 AM
19,198 posts, read
31,533,418 times
Reputation: 4014
There is simply no such thing as a "real" or "true" value to a home. And if we were being honest about it, we'd have to admit that even within tract-developments where one stamped-out version of the same house is stacked up right next to all the others, the whole notion of "comparable" breaks down at some level and crumbles away. What people call the real estate market is made by what one particular buyer and one particular seller can agree upon with respect to one particular home. Then the process is started from scratch by some other buyer, some other seller, and some other home halfway across town. There is a night-and-day difference between commodities markets and real estate markets. You are not buying orange juice or porkbellies here. There is no uniformity, there are no set standards, there are no actual rules.
06-26-2012, 11:57 AM
1,344 posts, read
4,774,976 times
Reputation: 1492
Quote:
Originally Posted by
saganista
There is simply no such thing as a "real" or "true" value to a home. And if we were being honest about it, we'd have to admit that even within tract-developments where one stamped-out version of the same house is stacked up right next to all the others, the whole notion of "comparable" breaks down at some level and crumbles away. What people call the real estate market is made by what one particular buyer and one particular seller can agree upon with respect to one particular home.
Amen...
I know its their business and can be astrong indicator of value, but most agents treats comps as the gold standard. 5-10 years ago, it seemed like a lot of new agents were getting into the business and didn't really understand how much a house was really worth, contributing, I feel, a bit to the housing bubble. One agent sets the price based on an inflated comp, another agent comes in, see's inflated comp and advises buyer to put in bid because area comps are that high. Access to easy money was a huge part of it, but not the only thing. New agents and buyers with a big blank check... horrible combination...
And I didn't even mention comps of 20-30 year old houses with questionable work done. I've seen some awful, awful (DIY?) remodels done with the house being priced up there with properly done remodels. "Granite counter top? check. SS appliances? check. Okay, $500,000"
06-26-2012, 06:24 PM
Location: My beloved Bluegrass
20,135 posts, read
16,242,226 times
Reputation: 28390
Quote:
Originally Posted by
smarterguy
And I didn't even mention comps of 20-30 year old houses with questionable work done. I've seen some awful, awful (DIY?) remodels done with the house being priced up there with properly done remodels. "Granite counter top? check. SS appliances? check. Okay, $500,000"
I have seen some horrendous DIY projects. But they aren't the worst; there is no way I would ever buy a flipped house. Things may look okay cosmetically but no consideration is given to quality, let alone long term durability, which at least most DIY people who had to live in the house want to achieve.
06-28-2012, 04:36 PM
979 posts, read
1,781,027 times
Reputation: 661
Quote:
Originally Posted by
Oldhag1
I have seen some horrendous DIY projects. But they aren't the worst; there is no way I would ever buy a flipped house. Things may look okay cosmetically but no consideration is given to quality, let alone long term durability, which at least most DIY people who had to live in the house want to achieve.
We bought a flip. We did, of course, have an inspection, and checked out a LOT of things ourselves (we were not first time homebuyers), and it's working out very well for us so far. It's nice to have those granite countertops and SS appliances without having to deal with the shopping, buying, installing, etc., ourselves, especially since we are not the DIY types, so every project we "do" has to have labor factored in as well.
07-01-2012, 11:07 PM
Location: Chapel Hill, NC, formerly NoVA and Phila
9,782 posts, read
15,839,357 times
Reputation: 10894
Quote:
Originally Posted by
5150traveler
The real bargan is the current mortgage rates - buy now and boast to your kids later.
Ha ha. When rates are high, we can boast about the great CD rates we got. My dad still talks about his 15% CDs from the early 80's.
10-10-2012, 07:16 PM
Location: Old Town Alexandria
14,492 posts, read
26,644,335 times
Reputation: 8971
?
Quote:
Originally Posted by
Oldhag1
I have seen some horrendous DIY projects. But they aren't the worst; there is no way I would ever buy a flipped house. Things may look okay cosmetically but no consideration is given to quality, let alone long term durability, which at least most DIY people who had to live in the house want to achieve.
well since you claim to live in NoVa and work there, do you own a house? Give an example for posters to compare.
10-10-2012, 07:42 PM
Location: Everywhere and Nowhere
14,129 posts, read
31,330,425 times
Reputation: 6922
Sell at list, buy at 10% below.
10-11-2012, 12:09 PM
Location: My beloved Bluegrass
20,135 posts, read
16,242,226 times
Reputation: 28390
Quote:
Originally Posted by
dreamofmonterey
well since you claim to live in NoVa and work there, do you own a house? Give an example for posters to compare.
I just recently moved here and yes, we bought a house. I really don't know what exactly you are asking for. While we were house hunting we saw some scary "upgrades". Things like tiling jobs with the edges not tiled, paint jobs that looked like a 12 year old was given it as a chore, a bathroom remodel that resulted in a grown man being unable to comfortably be able to sit without his knees touching cabinets, and all kinds of crap jobs. I'm just saying that I would never buy a flipped house - to each their own. I don't get the hostile tone my friend, I looked back at my post and nothing I said should have elicited it.
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Median household income ($) - Asian
Median household income ($) - Hispanic or Latino
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Races - American Indian alone (%)
Races - American Indian alone (% change since 2000)
Races - Asian alone (%)
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Cost of living index
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Mean house or condo value by units in structure - 1, detached ($)
Mean house or condo value by units in structure - 1, attached ($)
Mean house or condo value by units in structure - 2 ($)
Mean house or condo value by units in structure by units in structure - 3 or 4 ($)
Mean house or condo value by units in structure - 5 or more ($)
Mean house or condo value by units in structure - Boat, RV, van, etc. ($)
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Travel time to work - 60 to 89 minutes (%)
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Marital status - Never married (%)
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Median year house/condo built
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Year house built - Built 2005 or later (%)
Year house built - Built 2000 to 2004 (%)
Year house built - Built 1990 to 1999 (%)
Year house built - Built 1980 to 1989 (%)
Year house built - Built 1970 to 1979 (%)
Year house built - Built 1960 to 1969 (%)
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Occupied housing units (%)
Vacant housing units (%)
Owner occupied housing units (%)
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Vacancy status - For rent (%)
Vacancy status - For sale only (%)
Vacancy status - Rented or sold, not occupied (%)
Vacancy status - For seasonal, recreational, or occasional use (%)
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Residents with income below the poverty level (%)
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Poverty status for native-born residents (%)
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Poverty among high school graduates not in families (%)
Poverty among people who did not graduate high school not in families (%)
Residents with income below the poverty level (%) - White
Residents with income below the poverty level (%) - Black or African American
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Residents with income below the poverty level (%) - American Indian and Alaska Native
Residents with income below the poverty level (%) - Multirace
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1996 Presidential Elections Results (%) - Democratic Party (Clinton)
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2004 Presidential Elections Results (%) - Democratic Party (Kerry)
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2008 Presidential Elections Results (%) - Democratic Party (Obama)
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2016 Presidential Elections Results (%) - Democratic Party (Clinton)
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Educational Attainment - No schooling completed (%)
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Educational Attainment - Associate degree (%)
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School Enrollment - Not enrolled in school (%)
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School enrollment - Not enrolled (%)
Median number of rooms in houses and condos
Median number of rooms in apartments
Housing units lacking complete plumbing facilities (%)
Housing units lacking complete kitchen facilities (%)
Density of houses
Urban houses (%)
Rural houses (%)
Households with people 60 years and over (%)
Households with people 65 years and over (%)
Households with people 75 years and over (%)
Households with one or more nonrelatives (%)
Households with no nonrelatives (%)
Population in households (%)
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Nonfamily households (%)
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Mean number of vehichles in owner occupied houses
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Mortgage status - with mortgage (%)
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Mortgage status - with home equity loan (%)
Mortgage status - with both second mortgage and home equity loan (%)
Mortgage status - without a mortgage (%)
Average family size
Average family size - White
Average family size - Black or African American
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Geographical mobility - Same house 1 year ago (%)
Geographical mobility - Moved within same county (%)
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Housing units in structures - 1, detached (%)
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Housing units in structures - 2 (%)
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Housing units in structures - 5 to 9 (%)
Housing units in structures - 10 to 19 (%)
Housing units in structures - 20 to 49 (%)
Housing units in structures - 50 or more (%)
Housing units in structures - Mobile home (%)
Housing units in structures - Boat, RV, van, etc. (%)
House/condo owner moved in on average (years ago)
Renter moved in on average (years ago)
Year householder moved into unit - Moved in 1999 to March 2000 (%)
Year householder moved into unit - Moved in 1995 to 1998 (%)
Year householder moved into unit - Moved in 1990 to 1994 (%)
Year householder moved into unit - Moved in 1980 to 1989 (%)
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Year householder moved into unit - Moved in 1969 or earlier (%)
Means of transportation to work - Drove car alone (%)
Means of transportation to work - Carpooled (%)
Means of transportation to work - Public transportation (%)
Means of transportation to work - Bus or trolley bus (%)
Means of transportation to work - Streetcar or trolley car (%)
Means of transportation to work - Subway or elevated (%)
Means of transportation to work - Railroad (%)
Means of transportation to work - Ferryboat (%)
Means of transportation to work - Taxicab (%)
Means of transportation to work - Motorcycle (%)
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Working at home (%)
Industry diversity
Most Common Industries - Agriculture, forestry, fishing and hunting, and mining (%)
Most Common Industries - Agriculture, forestry, fishing and hunting (%)
Most Common Industries - Mining, quarrying, and oil and gas extraction (%)
Most Common Industries - Construction (%)
Most Common Industries - Manufacturing (%)
Most Common Industries - Wholesale trade (%)
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Most Common Industries - Transportation and warehousing, and utilities (%)
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Most Common Industries - Arts, entertainment, and recreation (%)
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Occupation diversity
Most Common Occupations - Management, business, science, and arts occupations (%)
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Most Common Occupations - Computer and mathematical occupations (%)
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Most Common Occupations - Law enforcement workers including supervisors (%)
Most Common Occupations - Food preparation and serving related occupations (%)
Most Common Occupations - Building and grounds cleaning and maintenance occupations (%)
Most Common Occupations - Personal care and service occupations (%)
Most Common Occupations - Sales and office occupations (%)
Most Common Occupations - Sales and related occupations (%)
Most Common Occupations - Office and administrative support occupations (%)
Most Common Occupations - Natural resources, construction, and maintenance occupations (%)
Most Common Occupations - Farming, fishing, and forestry occupations (%)
Most Common Occupations - Construction and extraction occupations (%)
Most Common Occupations - Installation, maintenance, and repair occupations (%)
Most Common Occupations - Production, transportation, and material moving occupations (%)
Most Common Occupations - Production occupations (%)
Most Common Occupations - Transportation occupations (%)
Most Common Occupations - Material moving occupations (%)
People in Group quarters - Institutionalized population (%)
People in Group quarters - Correctional institutions (%)
People in Group quarters - Federal prisons and detention centers (%)
People in Group quarters - Halfway houses (%)
People in Group quarters - Local jails and other confinement facilities (including police lockups) (%)
People in Group quarters - Military disciplinary barracks (%)
People in Group quarters - State prisons (%)
People in Group quarters - Other types of correctional institutions (%)
People in Group quarters - Nursing homes (%)
People in Group quarters - Hospitals/wards, hospices, and schools for the handicapped (%)
People in Group quarters - Hospitals/wards and hospices for chronically ill (%)
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People in Group quarters - Military hospitals or wards for chronically ill (%)
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People in Group quarters - Hospitals or wards for drug/alcohol abuse (%)
People in Group quarters - Mental (Psychiatric) hospitals or wards (%)
People in Group quarters - Schools, hospitals, or wards for the mentally retarded (%)
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People in Group quarters - Institutions for the deaf (%)
People in Group quarters - Institutions for the blind (%)
People in Group quarters - Orthopedic wards and institutions for the physically handicapped (%)
People in Group quarters - Wards in general hospitals for patients who have no usual home elsewhere (%)
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People in Group quarters - Homes for abused, dependent, and neglected children (%)
People in Group quarters - Residential treatment centers for emotionally disturbed children (%)
People in Group quarters - Training schools for juvenile delinquents (%)
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People in Group quarters - Type of juvenile institution unknown (%)
People in Group quarters - Noninstitutionalized population (%)
People in Group quarters - College dormitories (includes college quarters off campus) (%)
People in Group quarters - Military quarters (%)
People in Group quarters - On base (%)
People in Group quarters - Barracks, unaccompanied personnel housing (UPH), (Enlisted/Officer), ;and similar group living quarters for military personnel (%)
People in Group quarters - Transient quarters for temporary residents (%)
People in Group quarters - Military ships (%)
People in Group quarters - Group homes (%)
People in Group quarters - Homes or halfway houses for drug/alcohol abuse (%)
People in Group quarters - Homes for the mentally ill (%)
People in Group quarters - Homes for the mentally retarded (%)
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People in Group quarters - Other group homes (%)
People in Group quarters - Religious group quarters (%)
People in Group quarters - Dormitories (%)
People in Group quarters - Agriculture workers' dormitories on farms (%)
People in Group quarters - Job Corps and vocational training facilities (%)
People in Group quarters - Other workers' dormitories (%)
People in Group quarters - Crews of maritime vessels (%)
People in Group quarters - Other nonhousehold living situations (%)
People in Group quarters - Other noninstitutional group quarters (%)
Residents speaking English at home (%)
Residents speaking English at home - Born in the United States (%)
Residents speaking English at home - Native, born elsewhere (%)
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Residents speaking Spanish at home - Born in the United States (%)
Residents speaking Spanish at home - Native, born elsewhere (%)
Residents speaking Spanish at home - Foreign born (%)
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Residents speaking other language at home - Born in the United States (%)
Residents speaking other language at home - Native, born elsewhere (%)
Residents speaking other language at home - Foreign born (%)
Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
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