I have never had them come out again. I have challenged my county many times because they seem to pull numbers out of the air. I understand that houses in the area selling for way over what they should changes my value, but if I have a meh place that has had no outside upgrades for years and then suddenly the value goes up 1.5x something needs said.
What should they be selling for?
Was the roof a three tab that was upgraded to lifetime dimensional shingles? Then it likely will increase the value. I assume you would agree that a bathroom of imported Italian marble with stained glass windows and $15,000 of plumbing fixtures should be taxed more than your bathroom?
Whatever the biggest sucker is willing to pay. When I lived in Missippi someone from California bought my neighbors house, online, sight unseen, for $100K more than comps. The sellers had listed it with some online broker, and started it off that high knowing no one would pay that much. Well. Someone did. Coming from California , they thought a house like that with that much land is a steal.
But, there were better homes on better land that would have been a better deal. So yeah. Suckers. At least my neighborhood there had no HOA.It had to have been an idiot with cash, thus no appraisal, and no buyers agent representing them. I have been hearing that same story for forty years, more likely an urban legend than true…Whatever the biggest sucker is willing to pay. When I lived in Missippi someone from California bought my neighbors house, online, sight unseen, for $100K more than comps. The sellers had listed it with some online broker, and started it off that high knowing no one would pay that much. Well. Someone did. Coming from California , they thought a house like that with that much land is a steal.
Both parties thought they got a great deal.
Uh. My old neighbors, the Missippians, bragged about selling it to the Californians and told me what they sold it for. My new neighbors, the Californians, bragged about getting it for a steal. They paid cash.
www.washingtonexaminer.com
Not going to get into an argument with you over housing costs. Let it just be that my opinion is that some houses are going for more than they are worth. The buyers are going to feel the pain eventually. They buy the place so it's all on them. Free market and all that.
To me the assignment of value by individuals claiming property is going for more than it is worth is essentially saying people are dumb and markets do not work. I subscribe to free markets, therefore prices go up and prices go down as factors like supply, demand, jobs, and money change. That others may have real world reasons to pay more than you believe the property is worth does not mean they are stupid.
When dimensional shingles came out they were advertised as 30 year shingles, how I look at them typically even today. Now they are lifetime warranty shingles, although in recent years they have toned down the promotion of the word lifetime in marketing. For example:
So you really think that if you neighbor does a remodel with the highest of high end fixtures and materials he should pay the same tax as you because the footprint is the same? I do not. Inwill try again. From the road you and I have a 60x100 Morton building, mine is fully insulated, concrete floor, and has an office area, vehicle lifts, etc. You on the other hand are uninsulated with a gravel floor. Our footprint is the same so we pay the same property tax? Seems unfair to you.
'Those who don't remember the past are condemned to repeat it' 2008 edition
Was just talking to my wife about this. It seems I misremembered some stuff. The Californians did not stay there long. They took a haircut on the place. I don’t know if he got transferred again or the culture shock was too much. Anyway it was the people who bought the place from the Californians that had no sense of humor about the ducks.
thefederalist.com
apnews.com
And probably not Presidents. Typically in the constituition if it applies to the president it is named specifically. These precedents are posted here and everyone continues on as they did not exist…
