Despite numerous reports showing home values in historic decline, more than three out of four homeowners believe their own home has not lost value in the past year, according to an online survey.

The survey was conducted by Harris Interactive for Zillow.com, a Web site that gives estimated home values.

The survey of 1,619 homeowners found 36% believe their home has increased in value, and another 41% believe their value has stayed the same. Only 23% believe their home has lost value.
"This survey reveals that despite the data to the contrary, people either aren't paying attention to their housing market or are in denial about their own home's value," said Stan Humphries, Zillow.com vice president of data & analytics.

http://biz.yahoo.com/cnnm/080207/020708_homeowners_views.html?.v=10&.pf=real-estate

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:rofl:

Your home has only lost value if you sell it for less than you bought it for Doug.

Important quote:

Moore said it's important to remember that only a small fraction of homeowners try to sell their home in any given year, and unless they are trying to get new financing or a home equity line of credit, there's no reason most will be confronted with the decline.


The decline is meaningless to most homeowners, including me.

My 2007 Mustang loses value every year, but I don't go to kbb.com and check it =D

I disagree. Your home has lost ROI if you sell it for less than you bought it.

If you bought stock at 10, price rose to 100, but is now at 50, you're saying it didn't lose value?

You have to remember you're the odd one. You have a fixed 30yr. Most don't, have HELOC'd their 250k house to death, and need to refi out of their ARM.

The most common theme with sellers is they feel their house is more special than others for sale and are waiting for the right person who will 'appreciate' their track home.

Track homes can be nice as well as appreciated. Not everyone can afford a custom home in Rancho Santa Fe.

The build quiality of most track homes is shit. While older houses may not look as nice, they are built better. How do I know this ? Most tradesmen working on track housing are pretty much the lowest of the low.

My new chief was talking about how his 200K home in Hemet has doubled in value since he bought it in 2005. He mentioned it 2 or 3 times. I didn't want to tell him that he probably couldn't get anywhere near that if he tried to sell it.

Hemet ? LOL .... If you think Temecula's been hit hard, you should see that place. Not to mention that it's a shithole of a town too.

My house is a shit brickhouse, er brick shithouse. 1974 baby.

That fucker is one year younger than I am !

I disagree. Your home has lost ROI if you sell it for less than you bought it.

If you bought stock at 10, price rose to 100, but is now at 50, you're saying it didn't lose value?

You have to remember you're the odd one. You have a fixed 30yr. Most don't, have HELOC'd their 250k house to death, and need to refi out of their ARM.

The most common theme with sellers is they feel their house is more special than others for sale and are waiting for the right person who will 'appreciate' their track home.

no, it didn't lose value. that's not how you calculate value. given your example, the investor made 40, but could have made 90. the point is they still generated positive return and a positive return-on-investment. what is different is the holding period return, which is end-beginning/beginning

Stan Humphries

the QB? :postwhore7:

the QB? :postwhore7:

:postwhore2:

douchebags

Are you talking about yourself??

If so, I agree!!

no, it didn't lose value. that's not how you calculate value. given your example, the investor made 40, but could have made 90. the point is they still generated positive return and a positive return-on-investment. what is different is the holding period return, which is end-beginning/beginning

please explain further. how do you calculate value?

Given the example:

You bought a house at 450k. Market shit, comparable houses sell for 375k. You have the city/county reasses your house value to lower your property taxes. (http://www.smartmoney.com/home/living/index.cfm?story=reassess). Market value dropped.

are we arguing semantics here? the property lost value. you, as an owner, did not as no exchange was made.