Homeowners or whoever the fucc knows
- Thread starter Contagious Locc
- Start date
Property appreciates because of the market - it will if you fix it up - but a lot and quicker because of market conditions. I agree, you might want to do some research. Here's a good site to look at for the pricing trends. www.dqnews.com
about the value of houses goin up in the bay ......
My pops has a house in napa he bought 18 years ago its 3 brs. 1 bath he got it for $150,000 its now worth $450,000
10 years ago he bought a house in Vallejo its 4 br. 3 baths he got it for $350,000 pretty much new. Its now worth close to $600,000
^ both of those we rent out....
the house we live in now he got 2 years ago it is 5 br. 3 baths he got it for $565,000 it will go for $800,000 now.
My pops has a house in napa he bought 18 years ago its 3 brs. 1 bath he got it for $150,000 its now worth $450,000
10 years ago he bought a house in Vallejo its 4 br. 3 baths he got it for $350,000 pretty much new. Its now worth close to $600,000
^ both of those we rent out....
the house we live in now he got 2 years ago it is 5 br. 3 baths he got it for $565,000 it will go for $800,000 now.
it just that doesnt make sense to me.. a house will be worth more in time than if you fixed it up.. i thought the house will appreicate faster if you done some work to it. i dont know shit about buying a home, just the basics, but when you start talkin about how the property appreciates im clueless. i appreciate yall help tho
Appreciation is a basic economic rule of supply and demand
lol...i'll put appreciation in terms on of drugs - you got the A-1 premium yay but right now everyone has it. You sit on it for some time and drought season comes - your A-1 now is worth more per zip. That increase in price is the appreciation. The price increases cause there's less of it in supply but more demand for it.
In terms of housing, theres no sellers but more buyers, so the price keeps on rising. The number of houses is a relatively fixed number meaning you don't see large flucuations in the numbers. I mean the number of houses don't go down and they will go up, but not significantly to greatly affect the pricing.
We could get complicated and talk about how financing affects the housing market but i won't go there
lol...i'll put appreciation in terms on of drugs - you got the A-1 premium yay but right now everyone has it. You sit on it for some time and drought season comes - your A-1 now is worth more per zip. That increase in price is the appreciation. The price increases cause there's less of it in supply but more demand for it.
In terms of housing, theres no sellers but more buyers, so the price keeps on rising. The number of houses is a relatively fixed number meaning you don't see large flucuations in the numbers. I mean the number of houses don't go down and they will go up, but not significantly to greatly affect the pricing.
We could get complicated and talk about how financing affects the housing market but i won't go there
