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re: Home prices are now contracting at levels only seen 2 times

Posted on 9/23/23 at 1:00 pm to
Posted by LSU alum wannabe
Katy, TX
Member since Jan 2004
27061 posts
Posted on 9/23/23 at 1:00 pm to
quote:

Prices in Houston are still going higher. It’s crazy what my neighbors continue to get for their homes


Same here. On the one hand it’s nice to know you’ve got something of value. But the other, when does the bubble pop? Or a national trend like the OP hit here? Also, if they kept going up that tax nut gets bigger and bigger.

Our house has easily doubled in value. In the present market.

Would be nice to sell and store shite then live in apartment for 2 years to wait it out. Sweep in when it collapsed. If it doesn’t collapse though I’m living in an apartment until I move into a senior living apartment. Lol
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31492 posts
Posted on 9/23/23 at 1:14 pm to
quote:

Would be nice to sell and store shite then live in apartment for 2 years to wait it out.


That’s what we’re currently doing.
Posted by LemmyLives
Texas
Member since Mar 2019
6580 posts
Posted on 9/23/23 at 2:13 pm to
Assuming you live in Fort Bend County, you better pay real close attention to the statement you're going to get from the assessor. In 2022, they assessed my value 40% higher than in 2021. While they can only raise your assessed value 10% more year over year, they made clear what my tax bill was likely to be in 2026.

And yes, I've used a lawyer to dispute for the last five years.
This post was edited on 9/23/23 at 2:15 pm
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