This is so fucked. I bought my home 11 years ago for 120k (3.125%) and my most recent tax paperwork home value thingy said estimated value of my home is now 285k which is great but even if I sell i wouldn’t be able to afford a comparable home even with the 190k I’d have in my pocket after selling. This shit is crazy.
Yep. We want to move to another town, but there’s no way we can afford to do it despite owning a home that isn’t huge, but is in a decent neighborhood.
We’re in the same boat. We want to sell but there’s no point because we couldn’t afford something even comparable to what we’re in with these interest rates. It’s nothing amazing either. It’s three bedroom two bath, 1275 sqft built in 2000.
I bought my house 3 years ago. It has increased about 35% in value so far, but with these new interest rates even with the excess I wouldn’t be able to buy another house within a 20 mi radius.
Good to know, but my neighbor just sold their house which isn’t as nice or big as mine for a comparable price so I’m confident it’s worth at least that much. But still it doesn’t matter I won’t find comparable housing for the same price.
This is so fucked. I bought my home 11 years ago for 120k (3.125%) and my most recent tax paperwork home value thingy said estimated value of my home is now 285k which is great but even if I sell i wouldn’t be able to afford a comparable home even with the 190k I’d have in my pocket after selling. This shit is crazy.
Yep. We want to move to another town, but there’s no way we can afford to do it despite owning a home that isn’t huge, but is in a decent neighborhood.
We’re in the same boat. We want to sell but there’s no point because we couldn’t afford something even comparable to what we’re in with these interest rates. It’s nothing amazing either. It’s three bedroom two bath, 1275 sqft built in 2000.
I bought my house 3 years ago. It has increased about 35% in value so far, but with these new interest rates even with the excess I wouldn’t be able to buy another house within a 20 mi radius.
Where do you live?
Tulsa Oklahoma
Ok. Just FYI, tax assessments mean absolutely fuck all when it comes to property values.
Good to know, but my neighbor just sold their house which isn’t as nice or big as mine for a comparable price so I’m confident it’s worth at least that much. But still it doesn’t matter I won’t find comparable housing for the same price.