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If you've bought a home in the past 30 years, what did you pay for it?

 
Anonymous Coward
User ID: 81044843
United States
05/17/2022 06:37 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
About 20 days ago I bought a house in South Dakota for $125K, cash.

:AAAWINNINGDONJR2:
 Quoting: Butch DeFeo


I dig your governor Noam....she's hot.
 Quoting: pud2.0


Yeah she is! And does not force the citizens of her state to wear masks or take deadly covid shots.
 Quoting: Butch DeFeo


That’s why she is under investigation.. She sucks- voters voted in weed, and she illegally stopped recreational sales…
No different from the rest
Tassie Lurker

User ID: 78158900
Australia
05/17/2022 06:42 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
In my state in Australia I purchased my house for $350k Australian $ (about $250k USD)in 2016 and is now worth close to $800k (about $560k USD), more then doubled its value in 6 years.

Good, peaceful suburb. No issues where I live.

Last Edited by Tassie Lurker on 05/17/2022 06:43 PM
What you may think is gone... might come back to haunt you.
Anonymous Coward
User ID: 74095201
United States
05/17/2022 06:47 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
$28,500 bought 29 years ago worth $130k or so now , but area has gone to shit like 1 dude said.,but it's 7 min from work an 10 min to parents who are in 70's so I can help them as they get older.
panthers

User ID: 82203622
Canada
05/17/2022 06:51 PM

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Re: If you've bought a home in the past 30 years, what did you pay for it?
its really inflation.

assets always go up in price when the dollar gets devalued.

printing money is direct cause of this.

this is why shit houses on shit blocks with shit pay are asking for shit tons of shit cash.

every time they print money they steal from everyone.

your dollar has to spread to cover capitaless currency.
hence it weakens and assets soar in price.. not nessesarily value.

Last Edited by panthers on 05/17/2022 06:52 PM
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Anonymous Coward
User ID: 73121033
United States
05/17/2022 06:53 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
Birthrates are down because people don't have homes.

Apathy is at epidemic levels because of lack of upward upward mobility.
 Quoting: BFD


You are so wrong, it has always been the poor having high birth rates. Low birth rates help upward mobility.
 Quoting: Anonymous Coward 83197112


You are right and wrong. Young families tend to put off having children or not have them until they have a roof over their heads.

This is why the assholes in charge are causing the housing prices to go through the roof because they KNOW this.
JDanley

User ID: 79680270
Canada
05/17/2022 06:54 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
$430k in 2019 and it's worth about $550k today, Alberta.
JDanley
Shadow Dance

User ID: 59490123
United States
05/17/2022 07:00 PM

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Re: If you've bought a home in the past 30 years, what did you pay for it?
Bought mine for $150,000 in 2003 in north Georgia and it's

worth appx $350,000 now.
 Quoting: geerod


I have you beat ... bought my home (for cash) while it was in foreclosure in 2011 for $65 K - last "professional estimate" $550K
Anonymous Coward
User ID: 83287977
05/17/2022 07:00 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
My parents bought a home 30 years ago for 15k in a nice suburban neighborhood, needed a coat of paint but nothing major.

That house is now worth 300k and the neighborhood has gone to shit.

Wages have barely risen.

Sure, it's still the suburbs but now they have to lock their doors... for reasons.

Anyways, no wonder 30-40 somethings don't own homes.
 Quoting: BFD


Built a 3 bedroom house. Moved in 2006. Spent 150K. Still here. Worth about 500K now. we’re not moving anywhere. We got lucky. The community we live in became one of the more desirable areas around where I live. Very upper middle class. We’re rednecks and don’t fit in, lol.
panthers

User ID: 82203622
Canada
05/17/2022 07:04 PM

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Re: If you've bought a home in the past 30 years, what did you pay for it?
$430k in 2019 and it's worth about $550k today, Alberta.
 Quoting: JDanley


i live in the berta too
the ballet dancer in ottawa thought it was good to print a shit load of capitaless cash.

assets go up while wages on the surface stay the same.

yet the dollar is actually devalued so the 20 bucks someone was making is now only 18 or less.

not only do they steal capital from your savings
they steal capital feom the wage earners.

the result, life long renters and many future generations of replenishment.


i wont even get to the idea of even having a house of commons in the age of the internet where everyone can represent themselves in a true democracy.

i trust 51% of the general public more than a drama teacher or smurf anyday.


we dont fuck9ng need these clowns!

they f7ck everything up
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Anonymous Coward
User ID: 78922686
Italy
05/17/2022 07:05 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
In 2017 in Oklahoma we bought our 3 bed/2 bath, backyard and garage small town home for 95k. Population 5k in this town at that point. Now they're building hundreds of new houses starting at 300k. Our neighborhood is "old town" so it's sought after hard-core because it's walking distance to all the city's public schools. We're not leaving any time soon.
Latherunr

User ID: 80182236
United States
05/17/2022 07:14 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
I posted the insane thread about my next door neighbors selling their 1560 sq ft home for $572,000 when they were only asking $450,000. I bought my home 1980 sq ft in 2003 for $163,000. No idea what it would sell for now. Doesn’t matter. My house is not a financial instrument. It’s my home.
Dying ain’t much of a livin boy!
Anonymous Coward
User ID: 41363534
United States
05/17/2022 07:19 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
Nashville , TN. 2005, which was years late and last minute. It's in the core. Paid 190K in 2005. I was determined to not be tempted by the large fancy dilapidated Mansions going for 250K all over town. Homes that are now worth 2 million, or more, with the high taxes to go with it.

Thing is I have no idea what I could get. People are desperate to get into Nashville and they can tear this down, in a neighborhood you're not allowed to tear down. 1 million is a start. Some idiot would give me 2 probably.

For those of you wondering how young people can afford these homes, they inherit money, family helps them buy, or they have UT channels, work for Amazon or Google, and makes tons of money just selling crap online. To them 10k a month is a low end lifestyle.
SugarSand

User ID: 77504359
United States
05/17/2022 07:40 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
11 years ago “paid” 174999

Just appraised at 266000

Mortgages are such a racket
If only we could, somehow, get food to grow on trees ...
Anonymous Coward
User ID: 81106750
United States
05/17/2022 07:48 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
95’ paid 45k for a 900 sf home OKC.
99’ sold for 54k. ( worth 145k now )
99’ paid 174k for a 2700 sf home Okc.
03’ sold for 194k. ( worth 315k now )
03’ paid 427k for a 2700 sf home Seattle.
11’ sold for 600k. ( worth 2.5 million now )
11’ paid 725k for a 5700 sf Dallas.
22’ sold 1.3 million.
All I did was learn everything about home inspections and mortgages. The rest took care of itself. Never used any of my own money just in case I needed to walk away. Yes. There’s ways of using 100% someone else’s money. And you should. Use yours as investment vehicle.

Because of the equity and I’m completely cashed out, I walked away with over 800k of someone else’s money. Spent it all to build my dream property. Should’ve kept that Seattle home.
 Quoting: Anonymous Coward 83184321


You’re spot on! Many people can’t do math, they think if you bought a $400,000 house with 20% down and sold it 2 years later for $500,000 that your return was 20% total, 10% average per year ($100,000 profit/$400,000 purchase price).

But you only put $80,000 of YOUR money into it so you made 125% profit or 62.5% per year!!!! ($100,000 profit/$80,000 investment of your money).

Not understanding simple concepts like this are why the poor often stay poor.
Anonymous Coward
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United States
05/17/2022 08:12 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
Paid 130k for old farmhouse and 4 acres 10 years ago. Zillow says it's worth 300k, my realtor friend says 595k

We put in a new kitchen and remodeled upstairs as a nice 2 bedroom apartment for my kids.

Also have a decent orchard and gardens with perennial fruit and nut plants as well as room for veggies.

Still need to keep emptying previous owners crap out of the barn and machine shed...including an old camper.
hasan

User ID: 83288587
Turkey
05/17/2022 08:18 PM

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Re: If you've bought a home in the past 30 years, what did you pay for it?
Let's see now, 1989 was my second @ 22K, but outside the 30 year requirement, so...2 each vacation apartments side-by-side that we later modified to join the two quarters, each one cost 10K, this was on the beach at Mersin in turkey back in 1992, sold for 20K. Later, in 1998, a House in Hampton, VA for 109K, which sold for about 160K in 2013, due to death of spouse. Inherited the home in Arkansas which was an original cost around 14K in 1972, United Bilt Frame home finished by my parents, and estimated at 72K in 2010, later sold for 88K, but value was said to be about 160K, hard sale due to proposal of marriage to a Turkish girl, and finalized about 2 months after getting married in Turkey back in 2018, and the current apartment/home cost 44K. So, in the period of 1992 through 2022, we purchased 5 and sold 4, plus the other two in the years before, up to around 40 years ago.
hasan
Anonymous Coward
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05/17/2022 08:45 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
I paid 396k in 2018, Zillow thinks it’s worth $600k now but I won’t sell. I like my house.
Anonymous Coward
User ID: 80709850
United States
05/17/2022 08:46 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
10 years ago we bought at 179,000. On zillion at 423,000 now.

5 more years until it's paid off.
Anonymous Coward
User ID: 50249321
United States
05/17/2022 08:54 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
2001 $167k starter home NJ
2004 sold $290k
2004 $325k bigger home NJ. Needed major cosmetic, roof, HVAC
2022 still in same house and might get high 4's if sold now.
Dr.Rick

User ID: 81925158
United States
05/17/2022 08:55 PM

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Re: If you've bought a home in the past 30 years, what did you pay for it?
fixer upper with 2 lots side by side. Hwy in front and horse pasture in back.. 10,800.00 land contract
Peace Love and Leo
Anonymous Coward
User ID: 81305796
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05/17/2022 09:03 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
You are all worthless mindless Babylonian slave scum.
 Quoting: Anonymous Coward 83286493


How's your apartment? Or is that a cardboard box?
Evil Lincoln

User ID: 77688801
United States
05/17/2022 09:09 PM

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Re: If you've bought a home in the past 30 years, what did you pay for it?
Bought a 3 bedroom. Townhouse. In 2017 for 96k. Good location. Now valued at 149k.


Just bought 12 acres of land for 36k. Going to move there. Away from the city.
Something is coming. Guard your heart and watch the wind..
Anonymous Coward
User ID: 83070820
United States
05/17/2022 09:12 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
Bought in 1994 for $149,95.00

Finished off the attic for a guestroom and home office and finished the basement, added a second bathroom.

Worth today $1.3 M
Anonymous Coward
User ID: 80547071
United States
05/17/2022 09:16 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
$192,000. Nows its worth $485,000 (florida)
Anonymous Coward
User ID: 60006827
United States
05/17/2022 09:20 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
My parents bought a home 30 years ago for 15k in a nice suburban neighborhood, needed a coat of paint but nothing major.

That house is now worth 300k and the neighborhood has gone to shit.

Wages have barely risen.

Sure, it's still the suburbs but now they have to lock their doors... for reasons.

Anyways, no wonder 30-40 somethings don't own homes.
 Quoting: BFD


Bought a house in eastern Long Island, New York in 2012 at 29 at the bottom of the market for $265k that is valued at over $500k right now. Got lucky. Taxes over $10k a year though.

I have no idea but am always wondering how to leverage the equity. If I do anything at all bc I don’t have the cajones to gamble and screw up a good deal. Just happy to have a roof over my kids heads.
Dolycha

User ID: 78579564
United States
05/17/2022 09:21 PM

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Re: If you've bought a home in the past 30 years, what did you pay for it?
My parents bought a home 30 years ago for 15k in a nice suburban neighborhood, needed a coat of paint but nothing major.

That house is now worth 300k and the neighborhood has gone to shit.

Wages have barely risen.

Sure, it's still the suburbs but now they have to lock their doors... for reasons.

Anyways, no wonder 30-40 somethings don't own homes.
 Quoting: BFD


$130k at 2% interest. 23 years ago now.
Anonymous Coward
User ID: 81512813
United States
05/17/2022 09:24 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
I’ll tell you about my second home I just sold. Marco island FL. Bought for 440k in 2008, sold for 1.35 million. Thanks Fed easy money!
Anonymous Coward
User ID: 83289282
Australia
05/17/2022 09:25 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
It is not necessary to have bought a home to know what they cost or how that price has risen .
Why start the thread like that ?
ElleMira

User ID: 76494359
United States
05/17/2022 09:30 PM

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Re: If you've bought a home in the past 30 years, what did you pay for it?
My house is now valued at nearly TWICE the amount we paid for it. If we sold our house, we would definitely make a profit - but where would we move? Maybe down south/west where homes are more affordable. We've been investing in chicken coops, gardens, generators, preserving food, etc. The problem for us is property tax keeps going up.

Last Edited by ElleMira on 05/18/2022 04:06 AM
Anonymous Coward
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05/17/2022 09:31 PM
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Re: If you've bought a home in the past 30 years, what did you pay for it?
Condo in 1985 for 68,000. Homeowners associations fee was $45.00 mo. Now it’s $300 mo.





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