Re: OT: AARP

Nope, it's actually only telling you what a DOLLAR is worth, today versus then, than what comparable GOODS are worth in the same time span. When I compared what I bought my house for in 1989, it told me it's worth a third of what it was just appraised for last month. There's no way it can adjust for the specific value of anything (and in any specific area, specific quality, condition, etc.) but money, itself.

Of course, Econ was so boring that as soon as I aced the final exam I forgot damned near everything about it, so what do I know? :)

jeanne


RaeMorrill wrote:
My math isn't too good and maybe this doesn't cover real estate, but it looks like if I spent a dollar in 1993 (year we bought this house) today it would be 1.40. So I multiplied the price of the house then by 1.40. House cost 105,000 in 1993 and that would come out to 147,000 today using that figure. We had a simple assessment done recently for home equity line and it appraised at more than 200,000 - around 220,000 I think. So that sure doesn't apply to real estate - at least not here
.

Relevant Pages

  • Re: Walmart Voucher Scam
    ... We bought tires for the car on credit, a TV on credit, so when ... > my cousin bought a similar house in Redlands, ... > ask her how much it's worth now. ...
    (sci.med.transcription)
  • Re: Housing and Inflation
    ... and bought a decent house for about $5000. ... everyone would have been telling me to buy stock. ... house was worth what in... ...
    (rec.collecting.coins)
  • Re: OT: AARP
    ... Our house is appraised for 3 times what we bought it for in 1989, ... than what comparable GOODS are worth in the same time span. ...
    (sci.med.transcription)
  • Re: APO sales & the housing bubble
    ... how the hell folks afford them also. ... My wife and I bought a house in early '02 and it was recently appraised at more than 2x what we bought it for. ... We took some money out to pay down credit cards and do some remodeling in the house. ... But I know the house is not worth what it appraised at. ...
    (sci.astro.amateur)
  • Re: *** Building a house in Thailand ***
    ... i thought I would add my tu'ppence worth to this thread, ... This will add to the expense but make the house much ... The water supply will probably have low and variable pressure. ... One tip is to get your Thai labour to put any short runs of water ...
    (soc.culture.thai)