Ouch!

Our house went up about 10-12% the first two years we owned it. The next 3 years it dropped about 5% each year. Thanks to that and about 6 different foreclosures on our street alone, we elected to rent it out when we moved in November. Pure craziness.
 
Don't tell me...value went down, but the taxes went up...that is what happened to me.
 
I almost hate to say it but............................

NHY, send some more Texans ASAP, we need the boost to the local real estate:D

Let me talk em in to rebuilding the burnt hill country getaway and lake house then I'll send em your way.

...unfortunately, true.
 
Ouch! Sounds like the TX wildfires were way too close to home NHY. Were you able to pull out the contents? My condolences.
 
I ended up fighting my assessment this year. No sense in wishing the value was higher when they are taxing you at a rate that isn't correct. I sent in a current market analysis and they dropped my taxes. I dropped close to 200,000 from when I built it. I paid 220,000 for the acre lot I was on 3 years ago and the identical lot next to me sold for 88,000 last summer.:( That's a pretty handy drop just for raw land.
 
Ouch! Sounds like the TX wildfires were way too close to home NHY. Were you able to pull out the contents? My condolences.

No personal losses Spitz...we had a few pretty close to town but Possum Kingdom lake (90 mi. south) had over 100 completely destroyed by fast movers, many of which we worked on. I'm echoing Dinkshooter's sentiments for building volume.


Officials said they made progress fighting the four most serious brush fires, including one that has burned 147,000 acres and destroyed more than 100 homes around Possum Kingdom Lake, west of Fort Worth
.

There have been over 1370 homes in Tx destroyed by the wildfires. Mucho power transmission infrastructure (power poles/lines) destroyed also.

That's a substantial hit to muni-assessors.
 
See Texas is a total loss, best to just walk away from it and buy a new life in Colorado. No need to live any place that has, tornados, hurricanes, grass fires, earthquakes etc.

It's just so purty up here ya'll!!:D
 
We picked up a bunch of rental houses and a fixer, intending to sell half the rentals and the fixer and retiring on the proceeds from the remaining rentals after paying off the mortgages from the money made off the sales. Great plan except the houses we were planning to sell are worth less than what we paid so we are still working and wondering what the heck to do. We are thankful all out rentals are full and the renters pay the rent every month.

If we both retired the only home we could afford to live in is our vacation home (also rented at this time) in Central Montana (we live in Oregon), which would be fine with me, but the wife won't leave her grandchildren.
 
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Think it, but do not say it Dink..... we have enough of 'em. It'll come back around boys - hopefully yer locked in on a great interest rate. My primary res. appraisal went down 40k when I refi'd last November??? <wtf i thought> My tax assessment was up over 40k. (They bent me over when I financed my home one way. Now, the folks are bending me another with higher taxes just 6 months later?)
 
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