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Yeah, I haven't had new appraisals done but I don't think my commercial property has lost much (if any) value.
Just checking. Consensus is that real estate in Texas hasn't taken the hit it has in other states. You can confirm that for me -- our only place has gone up in value since 07.
Yeah, I haven't had new appraisals done but I don't think my commercial property has lost much (if any) value.
lost about 30% on property which amounts to about 100k. and I don't consider it artifical price if I could have sold it easily for that amount at the time.
and 30% is not bad from what I hear
- retirement: +172,000
- properties: +14,000 according to tax appraisals
- lost wages: 0
Since 2007? More than I care to think about.
Haven't sold or refinanced anything since then, though, and the only assets I liquidated went to pay for three years of undergrad and to support my jobless, full-time student ass, so luckily they've all been the kind of losses that I can't really feel. It's meant that I'll have to hold on to some real estate in California for longer than I wanted to, but everything is rented and paying for itself.
You own too much. The liberals would want to tax you more.
I've gained, but gained less than I was gaining in the 90's. I was doing 40% some years in the 90's. Ah the dot com.
Retirement has been a slow increase because I haven't been too aggressive since the economy went to crap. Appraisal value of the house went down 25 grand or so. Wages have increased quite a bit. The nice thing about working in healthcare is that I've been more or less insulated.
Appraisal values mean other than lower property taxes which equates to money in your pocket. That's if you aren't selling. Of course there's a downside: you get ty apartment dwelling neighbors because banks will sell to anyone.
I'd love to sell, but it just isn't an option right now.
gold bubble bursting already...
Nah, just a dip. It was down here a month or two ago, and went back up to almost $1900.
I got lucky. My gut told me to run when Countrywide failed. I happened to be following the sub-prime markets at that time, so I had a good feeling that it was a taste of things to come. I jumped back in about June 2009 but I'm strongly considering shifting my focus to less a aggressive posture in the near future. I don't like where this handbasket is heading.feel free to include retirement value, property value or lost jobs wages, etc only related to economy since 2007
- retirement: 30,000
- properties: 100,000
- lost wages: 10,000
so around $140,000, my wife probably around the same so for my household we lost aroud $300,000 since 2007
So basically, dumb luck has netted me just under 300k over a roughly a four year period.
I think that's mainly because of an increase in demand for housing in Texas, since Texas has been one of the states least affected by the recession people want to come here for jobs and wages, with no state income tax factoring into that. I haven't looked at the numbers and know next to nothing about real estate but I'd be willing to bet that Texas is one of very few states who have actually experienced gains in that area. (at least for some people)
Last edited by m>s; 09-24-2011 at 04:12 PM.
Texas was largely unscathed because it has very strict mortgage laws which prevented alot of the high risk exotic loans that helped inflate the housing market in most of the rest of the country. Also it's foreclosure laws allow for much faster foreclosures and I think that also helped.
wages: $0
retirement: $0
Land (property): $800k - $1 million
...sucks, but we're holding on, waiting for a bounce...
0, I had 0 in 2007 and still have 0.
Never had $2000 in my life statched away in anything. Have no 401k retirement plan, own no home, own no stocks. I work and live paycheck to paycheck.
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