Housing Costs

eileenbunny said:
Don't get me wrong, there are a lot of things that I miss about Ohio. Trying to sell a house where we lived is tough though.
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where did you guys live? the market here seems to have died hard. took a house down the street months to sell, and another is still on the market.
 
Sarcasmo said:
Housing bubble. The one that everyone expects to burst at some point. (for the past 15 years)
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Well the market is down here, what isn't down is property taxes. If you go far enough north that houses are more reasonable, you're going to pay 6K+ in property taxes. That really adds up
 
zengirl said:
Well the market is down here, what isn't down is property taxes. If you go far enough north that houses are more reasonable, you're going to pay 6K+ in property taxes. That really adds up
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if the market is down enough can't you have your ppty value reassessed to lower your taxes?
 
Jonny_B said:
if the market is down enough can't you have your ppty value reassessed to lower your taxes?
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I'm not sure how that works, I do know some areas around here have abnormally high taxes because they're comparatively rural areas which need a boost for their schools and stuff. There's one part of that town where a 250k house will have 7k+ taxes
 
Sarcasmo said:
Jesus Christ that's a joke.

http://www.state.il.us/agency/ptab/
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http://www.remaxni.com/RemaxIL/inde...ue&s=rmxint&st=IL&mlsnumber=6365599&mlsid=270

Asking price $249,900 4 bed 3.5 bath 2.5 car garage 1/4 acre lot

Taxes
• $7,017



http://www.remaxni.com/RemaxIL/inde...ue&s=rmxint&st=IL&mlsnumber=6379051&mlsid=270


Asking price $249,000 4 bed 2.5 bath .37 acre

Taxes
• $7,039


http://www.remaxni.com/RemaxIL/inde...ue&s=rmxint&st=IL&mlsnumber=6419052&mlsid=270

$247.000 4bed 2.5 bath .24 Acre

Taxes
• $6,509





:lol: This is the reason I don't have a house yet.
 
BTW, everyone interested in houses, check out this site: www.zillow.com

It gives suggested appraisal prices of houses and mashes that up with M$ Virtual Earth. It also includes selling prices and property taxes. Awesome info.
 
We are going to be selling our townhouse and building a house on 1/4 acre for appx 40-60k less then what we'll hopefully get out of the townhouse. Yea rural Utah!
 
dbzeag said:
I have nothing to show when I sell a house for less than initial price + repairs + interest, either.

Very few people ever get to that point.

If you rent and put the difference from renting and buying into a savings account, you will have interest saved up as the difference.
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:wtf: my first house we doubled our money, and haven't lost money on selling any other house since
 
I was talking with a buddy of mine last night. His house has been on the market since August. It's killing him. He's already in his new house... has been for months.
 
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