Why I Assume My Home’s Value is the Same
22nd June 2008
I live in a military area, making the move-in/move-out rate about the same every year. Our area is plussing up over the next several years, which means that the move-in rate with be higher than the move-out rate. So, although I bought our home during the uptick in housing sales, and it might have been inflated in price a bit, I still keep the value the same in my net worth, since I don’t expect to get a higher price for it.
Has the value of your home gone up or down? Why do you think so?
June 23rd, 2008 at 7:43 pm
I never move my house value, because you really never know until you sell it. Houses in my neighborhood have shot up about $150k, but until I see it on a check, I am not going to count it.
Best Wishes,
D4L
June 23rd, 2008 at 8:26 pm
@D4L - Good point. Who knows what will happen in the next couple years. I can only cross my fingers!
July 29th, 2008 at 11:37 am
I am valuing my house at the county assessed tax rate. And I got it on the cheap. So that means I can get a home equity line of credit for that $100k boat that I want.