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September 7, 2010 at 9:24 PM #602985September 7, 2010 at 9:28 PM #601928
sdrealtor
ParticipantCAR
Correct me if I am wrong but I dont beleive 1988 was the peak of the last cycle and this house was worth alot more than $500K in 1999. Heck, my house was worth over 550K in 1999. FWIW its located somewhere you would happily live.September 7, 2010 at 9:28 PM #602019ParticipantCAR
Correct me if I am wrong but I dont beleive 1988 was the peak of the last cycle and this house was worth alot more than $500K in 1999. Heck, my house was worth over 550K in 1999. FWIW its located somewhere you would happily live.September 7, 2010 at 9:28 PM #602566ParticipantCAR
Correct me if I am wrong but I dont beleive 1988 was the peak of the last cycle and this house was worth alot more than $500K in 1999. Heck, my house was worth over 550K in 1999. FWIW its located somewhere you would happily live.September 7, 2010 at 9:28 PM #602672ParticipantCAR
Correct me if I am wrong but I dont beleive 1988 was the peak of the last cycle and this house was worth alot more than $500K in 1999. Heck, my house was worth over 550K in 1999. FWIW its located somewhere you would happily live.September 7, 2010 at 9:28 PM #602990ParticipantCAR
Correct me if I am wrong but I dont beleive 1988 was the peak of the last cycle and this house was worth alot more than $500K in 1999. Heck, my house was worth over 550K in 1999. FWIW its located somewhere you would happily live.September 7, 2010 at 9:40 PM #601938CA renter
Participant[quote=sdrealtor]I guess I need to phrase my question better. Lets say location is irrelevant. This isnt a trick question. I always see people getting crazy over the prices and appreciation. What I saw gave me reason for pause and I wonder what people’s expectations are. I dont think it even matters that its a house. In 1987 I bought myself a car that I paid $16K for. I just checked and a comparable car is now about 32K. To me 2X over that time period seems about right but I am curious as to what others think.
What would be reasonable appreciation of an asset over 22 years? I think I need to set up a poll if I only knew how.[/quote]
One can’t say that all asset prices are going to rise at the same rate over time. It depends very much on what that asset is and whether or not the supply and demand are elastic, also whether or not it’s a basic good or if it can be substituted easily, or if its desirability has been affected over time, or if it’s more affected by credit or wages and whether or not wages or credit have expanded or contracted, etc.
IOW, there are too many variables to suggest that prices of all assets are supposed to behave the same way over a period of time.
September 7, 2010 at 9:40 PM #602029Participant[quote=sdrealtor]I guess I need to phrase my question better. Lets say location is irrelevant. This isnt a trick question. I always see people getting crazy over the prices and appreciation. What I saw gave me reason for pause and I wonder what people’s expectations are. I dont think it even matters that its a house. In 1987 I bought myself a car that I paid $16K for. I just checked and a comparable car is now about 32K. To me 2X over that time period seems about right but I am curious as to what others think.
What would be reasonable appreciation of an asset over 22 years? I think I need to set up a poll if I only knew how.[/quote]
One can’t say that all asset prices are going to rise at the same rate over time. It depends very much on what that asset is and whether or not the supply and demand are elastic, also whether or not it’s a basic good or if it can be substituted easily, or if its desirability has been affected over time, or if it’s more affected by credit or wages and whether or not wages or credit have expanded or contracted, etc.
IOW, there are too many variables to suggest that prices of all assets are supposed to behave the same way over a period of time.
September 7, 2010 at 9:40 PM #602576Participant[quote=sdrealtor]I guess I need to phrase my question better. Lets say location is irrelevant. This isnt a trick question. I always see people getting crazy over the prices and appreciation. What I saw gave me reason for pause and I wonder what people’s expectations are. I dont think it even matters that its a house. In 1987 I bought myself a car that I paid $16K for. I just checked and a comparable car is now about 32K. To me 2X over that time period seems about right but I am curious as to what others think.
What would be reasonable appreciation of an asset over 22 years? I think I need to set up a poll if I only knew how.[/quote]
One can’t say that all asset prices are going to rise at the same rate over time. It depends very much on what that asset is and whether or not the supply and demand are elastic, also whether or not it’s a basic good or if it can be substituted easily, or if its desirability has been affected over time, or if it’s more affected by credit or wages and whether or not wages or credit have expanded or contracted, etc.
IOW, there are too many variables to suggest that prices of all assets are supposed to behave the same way over a period of time.
September 7, 2010 at 9:40 PM #602682Participant[quote=sdrealtor]I guess I need to phrase my question better. Lets say location is irrelevant. This isnt a trick question. I always see people getting crazy over the prices and appreciation. What I saw gave me reason for pause and I wonder what people’s expectations are. I dont think it even matters that its a house. In 1987 I bought myself a car that I paid $16K for. I just checked and a comparable car is now about 32K. To me 2X over that time period seems about right but I am curious as to what others think.
What would be reasonable appreciation of an asset over 22 years? I think I need to set up a poll if I only knew how.[/quote]
One can’t say that all asset prices are going to rise at the same rate over time. It depends very much on what that asset is and whether or not the supply and demand are elastic, also whether or not it’s a basic good or if it can be substituted easily, or if its desirability has been affected over time, or if it’s more affected by credit or wages and whether or not wages or credit have expanded or contracted, etc.
IOW, there are too many variables to suggest that prices of all assets are supposed to behave the same way over a period of time.
September 7, 2010 at 9:40 PM #603000Participant[quote=sdrealtor]I guess I need to phrase my question better. Lets say location is irrelevant. This isnt a trick question. I always see people getting crazy over the prices and appreciation. What I saw gave me reason for pause and I wonder what people’s expectations are. I dont think it even matters that its a house. In 1987 I bought myself a car that I paid $16K for. I just checked and a comparable car is now about 32K. To me 2X over that time period seems about right but I am curious as to what others think.
What would be reasonable appreciation of an asset over 22 years? I think I need to set up a poll if I only knew how.[/quote]
One can’t say that all asset prices are going to rise at the same rate over time. It depends very much on what that asset is and whether or not the supply and demand are elastic, also whether or not it’s a basic good or if it can be substituted easily, or if its desirability has been affected over time, or if it’s more affected by credit or wages and whether or not wages or credit have expanded or contracted, etc.
IOW, there are too many variables to suggest that prices of all assets are supposed to behave the same way over a period of time.
September 7, 2010 at 9:41 PM #601933bearishgurl
Participant[quote=sdrealtor]. . . I always see people getting crazy over the prices and appreciation.
What would be reasonable appreciation of an asset over 22 years?. . . [/quote]
I never got “crazy” over prices and appreciation. I’m really not too much of a numbers cruncher as in the areas I’m most familiar with, the properties are all unique. I never made a “killing” selling any of my properties and I’m still standing and life is good :=)
If the owners are the same ones as purchased new in 1988 and did not borrow any more from the property since then, I stand by my assertion that they can deal and move on.
My former guess of $1,075K/$875K still stands if it is within 15 miles of your “farm” area, excluding San Marcos.
September 7, 2010 at 9:41 PM #602024Participant[quote=sdrealtor]. . . I always see people getting crazy over the prices and appreciation.
What would be reasonable appreciation of an asset over 22 years?. . . [/quote]
I never got “crazy” over prices and appreciation. I’m really not too much of a numbers cruncher as in the areas I’m most familiar with, the properties are all unique. I never made a “killing” selling any of my properties and I’m still standing and life is good :=)
If the owners are the same ones as purchased new in 1988 and did not borrow any more from the property since then, I stand by my assertion that they can deal and move on.
My former guess of $1,075K/$875K still stands if it is within 15 miles of your “farm” area, excluding San Marcos.
September 7, 2010 at 9:41 PM #602571Participant[quote=sdrealtor]. . . I always see people getting crazy over the prices and appreciation.
What would be reasonable appreciation of an asset over 22 years?. . . [/quote]
I never got “crazy” over prices and appreciation. I’m really not too much of a numbers cruncher as in the areas I’m most familiar with, the properties are all unique. I never made a “killing” selling any of my properties and I’m still standing and life is good :=)
If the owners are the same ones as purchased new in 1988 and did not borrow any more from the property since then, I stand by my assertion that they can deal and move on.
My former guess of $1,075K/$875K still stands if it is within 15 miles of your “farm” area, excluding San Marcos.
September 7, 2010 at 9:41 PM #602677Participant[quote=sdrealtor]. . . I always see people getting crazy over the prices and appreciation.
What would be reasonable appreciation of an asset over 22 years?. . . [/quote]
I never got “crazy” over prices and appreciation. I’m really not too much of a numbers cruncher as in the areas I’m most familiar with, the properties are all unique. I never made a “killing” selling any of my properties and I’m still standing and life is good :=)
If the owners are the same ones as purchased new in 1988 and did not borrow any more from the property since then, I stand by my assertion that they can deal and move on.
My former guess of $1,075K/$875K still stands if it is within 15 miles of your “farm” area, excluding San Marcos.
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