real estate values
Howard, on host 68.155.17.93
Thursday, February 9, 2006, at 11:41:03
I got to playing around with zillow.com after it was mentioned on Good Morning America. That's a site that you can use to determine the value of your house, or anybody else's house.
I looked up the little house (just over 800 sq. ft.)where we lived in town. We bought it for $5600. Yes, only two zeros, because that was 1960. We lived there 11 years and sold it for $7200. Zillow lists it now for $83,000. After I got up off the floor, I looked and, yes, that was three zeros. I guess inflation is still with us.
They even supplied us with a little line graph that showed the value of that house over the last six months had increased from less than $40,000 to more than $80,000 Pardon me while I get up off the floor again. Maybe we should have kept it.
I don't know of anything that could have made the house increase that fast. Most of the houses around there were built between 1900 and 1950. Ours was on a 50 X 62 ft. lot, on a hillside. Maybe one of the neighbors struck oil or something. Howard
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