Anyone else notice their house's 'value' on Zillow lately?

Discussion in 'The Howard Stern Show' started by chapped, Apr 15, 2014.

  1. chapped

    chapped Well-Known Member

    Reputations:
    384,616
    Joined:
    Jan 6, 2012
    Messages:
    55,632
    Likes Received:
    61,906
    Are we heading for another housing bubble?

    I just looked my house up on Zillow and in the last 5 years (when I bought) and it is now almost $200,000 more than what I paid for and rising quickly

    I know Zillow isn't 100% accurate but kind of surprised at how fast prices are going up again...
     
  2. balloon knot

    balloon knot Well-Known Member

    Reputations:
    39,663
    Joined:
    Nov 15, 2012
    Messages:
    4,001
    Likes Received:
    6,754
    the structure which contributed to the burst in 2007 is still intact. federal regulations demand subprime rates, these are guaranteed (by the taxpayers). banks line up to float these, fannie or freddie guarantee them (by the taxpayers) if banks do not follow the federal regulations, the federal regulators will come down hard on them with fines etc.

    in a nutshell, the federal government is creating a mess which will get blamed on "greedy" banks by the politicians
     
  3. Boomer

    Boomer Who is your daddy and what does he do?

    Reputations:
    6,041
    Joined:
    Feb 22, 2012
    Messages:
    2,714
    Likes Received:
    2,849
    I am looking to buy a house and flood insurance is fucking me in the ass. It is so expensive.
     
  4. Dirty South

    Dirty South Large Member

    Reputations:
    267,947
    Joined:
    Jul 16, 2012
    Messages:
    24,627
    Likes Received:
    25,054
    Nice humblebrag thread. :golfclap:
     
  5. chapped

    chapped Well-Known Member

    Reputations:
    384,616
    Joined:
    Jan 6, 2012
    Messages:
    55,632
    Likes Received:
    61,906
    1. No plans to sell so the value is fucking me in property taxes

    2. I wasn't stupid enough to buy at the height of the bubble last time and ruin my life like some people who had no patience

    3. I think history will repeat itself and people will take out money on their house and fuck themselves...

    me i have a fixed rate and ain't touching shit
     
  6. SomerSky

    SomerSky Obsessed with what I hate Banned User

    Reputations:
    607,492
    Joined:
    Sep 13, 2013
    Messages:
    9,783
    Likes Received:
    40,051
    I just looked up my house, and it increased 56k in the last 30 days! Wtf??
     
  7. Turtle Man

    Turtle Man Hello Darling Gold

    Reputations:
    132,018
    Joined:
    Dec 18, 2011
    Messages:
    9,382
    Likes Received:
    11,670
    sell sell sell now!
     
  8. chapped

    chapped Well-Known Member

    Reputations:
    384,616
    Joined:
    Jan 6, 2012
    Messages:
    55,632
    Likes Received:
    61,906

    that sucks dude... i take it that flood insurance is a must where you are looking??
     
  9. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    137,043
    Joined:
    Dec 31, 2011
    Messages:
    57,892
    Likes Received:
    17,181
    I was looking yesterday as a neighborhood place just closed for $100k less than the original asking price of 5 yrs ago, and Zillow has it selling for the original asking amount.
     
  10. Bye You!

    Bye You! The n word guy Gold

    Reputations:
    339,535
    Joined:
    Sep 3, 2010
    Messages:
    79,567
    Likes Received:
    41,529

    move away from the water :grad:
     
  11. chapped

    chapped Well-Known Member

    Reputations:
    384,616
    Joined:
    Jan 6, 2012
    Messages:
    55,632
    Likes Received:
    61,906

    that is crazy.. mine only went up a few thousand
     
  12. CaptainFrank

    CaptainFrank Well-Known Member

    Reputations:
    8,275
    Joined:
    Jun 23, 2012
    Messages:
    5,372
    Likes Received:
    4,009

    flood insurance is tough.. but I don't think that taxpayers should be forced to cover people dumb enough to rebuild in flood areas. One problem is that "flood zones" are getting larger and larger.
     
  13. chapped

    chapped Well-Known Member

    Reputations:
    384,616
    Joined:
    Jan 6, 2012
    Messages:
    55,632
    Likes Received:
    61,906

    that will get updated... the info on mine is spot on

    the houses on my block have been selling for more than what I would pay...
     
  14. chapped

    chapped Well-Known Member

    Reputations:
    384,616
    Joined:
    Jan 6, 2012
    Messages:
    55,632
    Likes Received:
    61,906
    here in san diego .. mission valley use to be nothing but a flood zone.. now its nothing its fucking condo land..

    they 'fixed' the flood channels but if it ever rains for more than 3 days those places are in danger of getting flooded the fuck out
     
  15. AllAboutHim Ed

    AllAboutHim Ed #mypurpose VIP

    Reputations:
    135,050
    Joined:
    Jan 1, 2014
    Messages:
    7,259
    Likes Received:
    10,930
    Mine dropped $50K from December. Thanks Obama.
     
  16. jyanks

    jyanks Well-Known Member

    Reputations:
    29,937
    Joined:
    Dec 13, 2011
    Messages:
    7,098
    Likes Received:
    4,002
    My place doesn't show any significant increase. In fact it still looks way down than what it was years ago.
     
  17. chapped

    chapped Well-Known Member

    Reputations:
    384,616
    Joined:
    Jan 6, 2012
    Messages:
    55,632
    Likes Received:
    61,906

    My house like most has gone up and down but never below what I paid...

    I think I literally bought at the bottom of the market... I am guessing you didn't buy in Dec
     
  18. skylarbrie

    skylarbrie VIP Extreme Gold

    Reputations:
    32,927
    Joined:
    Apr 26, 2012
    Messages:
    10,438
    Likes Received:
    6,770
    move to higher ground
     
  19. potroast

    potroast Well-Known Member

    Reputations:
    54,056
    Joined:
    Dec 17, 2011
    Messages:
    9,602
    Likes Received:
    9,953

    A new high end three bedroom waterfront in my area pays $30,000 a year for flood insurance. :wtf:
     
  20. chapped

    chapped Well-Known Member

    Reputations:
    384,616
    Joined:
    Jan 6, 2012
    Messages:
    55,632
    Likes Received:
    61,906

    Jesus Christ!