It Feels Great to be APPRECIATED in Tampa Bay! (insurance, mortgage)

[DUNNDFRNT]

Originally Posted by PhotoProIP

It's good that you bought in Pinellas. It'll be hard to loose value there.

Palm Harbor has the benefit of good schools which is even more pronounced when you consider the lack of them in Pinellas, so for someone wanting to move to Pinellas and really cares about schools or rather school ratings as most people do, Palm Harbor is pretty much your only choice. For a county as small as Pinellas is, it has a lot of trailer parks and 60k dilapidated houses. I know it sounds judgmental but my point is Pinellas is a lot more than waterfront houses, Palm Harbor, NE and SH. It actually mostly isn't that.

[Roscoe Conkling]

Real estate prices always go through peaks and troughs. Every so often the peak is an Everest and the trough is a Grand Canyon.
The secret, as always, is to remember property is only four walls and a roof and if something seems overpriced and poor value for money then it probably is.
Never be afraid to sell at the top and get out while every other mug is piling in for the killing that can disappear in a matter of weeks.
I sold right at the top and moved into rented accomodation and put virtually everything I owned into storage.
Four years later I came back in at 60% off the high. Hello pension !
Personally I reckon this latest upswing is more of a dead cat bounce and prices, while continuing upwards, will slow fairly soon.

[The Villages Guy]

Originally Posted by Irishiis49

We bought "right" too in July09...our house has appreciated about $200,000...and we have a small mortgage at a low rate...only problem that our property taxes are going up too...

Glad to see many people on this forum chose well too.

You are right about the taxes though. They will go up. I suppose if this was the last house we planned on living in, I would not want the prices to go up......so that my taxes would not go up. BUT, as there will be one more move someday further south where it is warmer and downsizing quite a bit.....I will take all the appreciation I can get.

[The Villages Guy]

Originally Posted by DUNNDFRNT

Palm Harbor has the benefit of good schools which is even more pronounced when you consider the lack of them in Pinellas, so for someone wanting to move to Pinellas and really cares about schools or rather school ratings as most people do, Palm Harbor is pretty much your only choice. For a county as small as Pinellas is, it has a lot of trailer parks and 60k dilapidated houses. I know it sounds judgmental but my point is Pinellas is a lot more than waterfront houses, Palm Harbor, NE and SH. It actually mostly isn't that.

I have to agree with you about that. There are certainly fantastic places to live in Pinellas, but there are also lots of places where it looks run down with trashy trailer parks. I have no issue with trailer parks that are kept up nice and there are some, but just two blocks behind some great waterfront properties, it is like you walked into another world in some areas.

We chose our area to stay clear of all that and to get the good schools you mentioned, for resale.

But for those who think Pinellas did not suffer some good depreciation during the crash, think again. We live in one of the premier neighborhoods in Pinellas county and probably the number one neighborhood in all of north Pinellas and it did in fact suffer depreciation during the crash. That is why we feel so lucky to be here now, as prices are rising again. Prices in our neighborhood were insane when the market was good. We would never have felt comfortable spending that kind of money on a house. BUT the crash brought the prices to our comfort level, so we got in while we could. We feel very fortunate.

[Pragmaticus]

Same here. I couldn't be thankful enough that we got in the "right" time, late summer of 2009. I spent quite a bit on the housing market in areas that was in our radar (Countryside, Dunedin, Palm Harbor, Safety Harbor, part of Tarpon Spring, Oldsmar, and Westchase), the best deal in most of those places were those who bough in 2010, give or take.

Most people forget that unless you sale a house and hold the money, there isn't really much of a difference. Few do that. Those who made a killing selling at the height of the market went right back to buy an overpriced even bigger home, asking for more trouble. Therefore, unless one sells and hold the money for a number of years until the crash is done, which is difficult to do or significantly downsize, everything is paper money , making no difference. In the mean time you keep paying high property tax.

[The Villages Guy]

Originally Posted by MeInDenudinFL

Same here. I couldn't be thankful enough that we got in the "right" time, late summer of 2009. I spent quite a bit on the housing market in areas that was in our radar (Countryside, Dunedin, Palm Harbor, Safety Harbor, part of Tarpon Spring, Oldsmar, and Westchase), the best deal in most of those places were those who bough in 2010, give or take.

Most people forget that unless you sale a house and hold the money, there isn't really much of a difference. Few do that. Those who made a killing selling at the height of the market went right back to buy an overpriced even bigger home, asking for more trouble. Therefore, unless one sells and hold the money for a number of years until the crash is done, which is difficult to do or significantly downsize, everything is paper money , making no difference. In the mean time you keep paying high property tax.

Unless you move out of one market into a different market. Not sure how the various markets in Florida differ, particularly further south on the gulf coast.

[Red3311]

how have you made a profit if you havent sold?

same idiots were spouting "ooo profit profit!!!" in 2008 as well, until the bottom fell out. Luckily for me, the stock market is for investing and a home is for living, no need to go on CD and be a douche LOL

[BucFan]

Originally Posted by Red3311

how have you made a profit if you havent sold?

same idiots were spouting "ooo profit profit!!!" in 2008 as well, until the bottom fell out. Luckily for me, the stock market is for investing and a home is for living, no need to go on CD and be a douche LOL

have to agree w/ you there

[Red3311]

Originally Posted by BucFan

have to agree w/ you there

and unlike in the markets you cant put a "stop loss" on real estate

[DUNNDFRNT]

Originally Posted by Red3311

and unlike in the markets you cant put a "stop loss" on real estate

Let's hope we dont see the same amount of 2nd mortgages, or cash out refi's we saw during the crash.