Quote:
Originally Posted by LoneWolf
I’m not sure where you think the injustice is in your example. It’s a free market. The price is decided by what someone is willing to pay for it.
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Seems right. If nobody will pay it, it's not worth that much.
Last December, houses in my area were going for about what mine was valued at. Then, starting this year my house is now 88% more valuable. In fact, I have the most valuable property in my subdivision - according to Jackson county. And that's going up against newer, larger, better equipped homes that have more fireplaces, newer roofs, all brick, and many, many more upgrades that I simply do not have.
Those fools. Thought their house was so much better (and so did I), little did we know that my much more modest home would be the most valuable property for a couple miles around.
I paid cash for my house about 20 years ago so I have no escrow. I just pay yearly. Ours won't double but will come close. Fun times for retired, fixed income folks. We probably deserve it, I guess.