June 06, 2008
Owning a home sucks
The house a few doors up from us
The house behind us
The market is crap. Those listing prices worry me. Ridiculously lower than they should be, well I want to them to be, and they were in higher 2004-2005. There are a few other homes for sale doing shitty as well. Some have just added to the MLS listings, and some have been sitting for months, some have given up.
Everyone at our old neighborhood in Tracy which was once full of happy families and pride, has apparently moved away, foreclosed, went bankrupt had their house repossesed. The streets are lined with scattered trash cans, junk, over grown dead lawns... I got a tear in my eye. It used to be so beautiful and walks through the parks were fun... now the park is graffitied and all the grass has died. The folks who bought our house are still there, same cars, and I wonder if they know how bad it is. The whole area felt like a vacated gloomy place that I would NEVER want to live in...
This is the CURRENT value of our old home is $320k, however it has no upgrades and I know the new owners didn't add anything except cheap plastic floors. The Value Range is the high and low estimated market value for which Zillow values a home. Value Range: $243,000 - $330,480. A similar house around the corner is on the market for $289,000.
THAT IS LESS THAN WE PAID 6 YEARS AGO. Here is the chart!
Zillow is a great resource for looking up home prices, trends and your neighborhood. It is a real, find how much your house is worth site, and you see results instantly after typing only an address. Click on the listing and look at the high and low of your property. Remember, your sales price in this market is more on their low side.. even if you have a nice place or have remodeled it. It can hurt right now so not for the faint of heart...
I wish it all away..... wish wish wish. Not funny anymore.
Posted by deanne at June 6, 2008 07:07 AM