oneshot- you really need to stop beating around the bush and let us know how you really feel.  And I couldn't agree more!

Sorry JM i will try to be more open and honest about my feelings. I'm a little introverted.  :wild: 

 

Your math worked until the 20% drop, which would equal $232,000, not $250,000. 

 

Here is my math, check it yourself.

 

1989 202

1990 206.04

1991 210.1608

1992 214.364016

1993 218.6512963

1994 223.0243222

1995 227.4848087

1996 232.0345049

1997 236.675195

1998 241.4086989

1999 246.2368728

2000 251.1616103

2001 256.1848425

2002 261.3085394

2003 266.5347101

2004 271.8654043

2005 277.3027124

2006 282.8487667

2007 288.505742

1 216.3793065

2 220.7068926

3 225.1210305

4 229.6234511

5 234.2159201

6 238.9002385

7 243.6782433

8 248.5518082

 

2007 was an unusual correction, not a typical up and down that happens now and then in overall housing. Housing isn't like the stock market. It only has bubbles when the US Federal Government forces it.

 

I'd think the 2-3% appreciation would include bumps, both up and down. 18 years should be enough to smooth out any craziness. 

 

It's not 2-3% appreciation. It's 2%. Not including massive financing bubbles. We haven't seen that in my lifetime until 2007. That was a discrete event. If you want to include that, then housing generally appreciates at 0.97%.

I can't wait to get out of this damn state either. $12k in property taxes for a 4 bedroom cape is just the tip of the issues.

The wife and I were talking about staying or going tonight.

 

We love the area we live in, and the people in our neighborhood. But, when you start factoring the costs, laws, lack of freedom, and general legislative thievery, it really makes you think of jumping ship.

 

For us its tough, we own a business and a home. Plus, were not sure of where we would go. I guess once you get fed up enough you just take the plunge, pick a place,  and go all in.

  Here is my math, check it yourself.

 

1989 202

1990 206.04

1991 210.1608

1992 214.364016

1993 218.6512963

1994 223.0243222

1995 227.4848087

1996 232.0345049

1997 236.675195

1998 241.4086989

1999 246.2368728

2000 251.1616103

2001 256.1848425

2002 261.3085394

2003 266.5347101

2004 271.8654043

2005 277.3027124

2006 282.8487667

2007 288.505742

1 216.3793065

2 220.7068926

3 225.1210305

4 229.6234511

5 234.2159201

6 238.9002385

7 243.6782433

8 248.5518082

 

2007 was an unusual correction, not a typical up and down that happens now and then in overall housing. Housing isn't like the stock market. It only has bubbles when the US Federal Government forces it.

 

 

It's not 2-3% appreciation. It's 2%. Not including massive financing bubbles. We haven't seen that in my lifetime until 2007. That was a discrete event. If you want to include that, then housing generally appreciates at 0.97%.

I do not understand the series 1-8 at the bottom. I used an interest calculator to get the same figure as you, 288,000, then I subtracted 20% of that to produce the price drop you suggested. $288,000 - (288000 x .20) = around $231,000. 

NJ both sucks and blows. 

 

I challenged the assessment on my property taxes a couple of years ago.  Saved me a "G". 

 

The broad at the tax office said that there are some people who challenge it every year. 

NJ both sucks and blows. 

 

I challenged the assessment on my property taxes a couple of years ago.  Saved me a "G". 

 

The broad at the tax office said that there are some people who challenge it every year. 

Great post, so full of meaning for me.

 

You mean "gatz-o!"?? (Italian for almost nothing). Or "1,000 dollars"?

 

My wife always corrects me when I say "broad." I am partial to the term.

 

My boss at Blimpies, 40 years ago, was fond of saying, "sucked, fukced, and blowed." 

 

I do not understand the series 1-8 at the bottom. I used an interest calculator to get the same figure as you, 288,000, then I subtracted 20% of that to produce the price drop you suggested. $288,000 - (288000 x .20) = around $231,000. 

 

 

Drop happened in 2007. Timing is important when it comes to appreciation.

 

Would you rather invest 10K for 50 years and have it drop at year 10 or at year 50?

 

Invest early and often.

   

 

Drop happened in 2007. Timing is important when it comes to appreciation.

 

Would you rather invest 10K for 50 years and have it drop at year 10 or at year 50?

 

Invest early and often.

OK I see. You da man, Chloroform, err. Phosgene.