https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Wed, 11 Nov 2026 01:06:09 +0000 https://boards.hellobee.com/topic/housing-prices#post-2363733 Thu, 19 Nov 2015 18:09:29 +0000 catomd00 2363733@https://boards.hellobee.com/ <p>I would while interest rates are still low. </p> https://boards.hellobee.com/topic/housing-prices#post-2363687 Thu, 19 Nov 2015 17:40:00 +0000 mrs.kiwi 2363687@https://boards.hellobee.com/ <p>@Raindrop: @tofuwad: I'm in the Silicon Valley as well. Agreed that it's nutso craziness. I'm a SAHM and it looks like we will "never" afford a house... Unless the market drops. My fil who is very wise in finances and economics is certain it will go down- j not sure when. We sure hope he's right 😐 </p> https://boards.hellobee.com/topic/housing-prices#post-2363680 Thu, 19 Nov 2015 17:35:16 +0000 MaryM 2363680@https://boards.hellobee.com/ <p>I was in a similar position and had bought a townhouse at the bottom of the market in 2008. </p> <p>It hadn't appreciated *quite* as much as DH had guessed, but it was more than enough to help us buy a SFH (albeit the least upgraded one in our desired neighborhood, but it got us in a house!)</p> <p>We were eager to buy now because if we waited for a rise to get more for my townhouse, the prices on SFHs would be so much higher we wouldn't be able to afford as much. </p> <p>Plus we were just REALLY tired of sharing a bathroom! </p> https://boards.hellobee.com/topic/housing-prices#post-2363674 Thu, 19 Nov 2015 17:29:04 +0000 LindsayLou 2363674@https://boards.hellobee.com/ <p>I think it depends on where you are, but in general I think things have slowed down a bit. Where we are at least, the growth hasn't been quite as dramatic lately as it was. My personal, not particularly informed on the topic, opinion is that things will level out for the next year or so. </p> https://boards.hellobee.com/topic/housing-prices#post-2363670 Thu, 19 Nov 2015 17:24:09 +0000 Rainbow Sprinkles 2363670@https://boards.hellobee.com/ <p>Here, they are going up.<br /> Last year we almost put an offer on a house for $299k, and now, it would be IMPOSSIBLE to find anything of the same size (even if it's old) for under $329k+. </p> https://boards.hellobee.com/topic/housing-prices#post-2363663 Thu, 19 Nov 2015 17:21:00 +0000 HLK208 2363663@https://boards.hellobee.com/ <p>Ugh, I'm not sure. Our house has barely gone up in value on Zillow and the comps aren't selling for much more than what we paid nearly 3 years ago. </p> https://boards.hellobee.com/topic/housing-prices#post-2363657 Thu, 19 Nov 2015 17:18:54 +0000 sunny 2363657@https://boards.hellobee.com/ <p>I think it really depends on where you are.</p> <p>I think for the general country, when interest rates rise, there will be a cool off on prices. </p> <p>Where you are, I don't know if that will actually hold true. Tech salaries are ridiculous in the Bay Area which I think is what fuels the rising prices. If the tech bubble doesn't burst, I think prices will continue to rise. </p> https://boards.hellobee.com/topic/housing-prices#post-2363651 Thu, 19 Nov 2015 17:17:07 +0000 Raindrop 2363651@https://boards.hellobee.com/ <p>@tofuwad: Very interesting. Thanks for sharing. </p> <p>We bought a townhouse to get our foot in the market. We really wished we bought a detached house but we couldn't afford it even during the supposed "low" in the bay area.</p> <p>Good luck! Maybe some day you might buy a house if that's what you want. : ) </p> https://boards.hellobee.com/topic/housing-prices#post-2363610 Thu, 19 Nov 2015 16:54:10 +0000 tofuwad 2363610@https://boards.hellobee.com/ <p>Living in Silicon Valley myself I would say look at housing prices from 2008-now. I personally don't think there's a tech bubble that will burst so I feel like if you find the house, buy it! But honestly it sounds like you don't want to? </p> <p><a href="http://m.sfgate.com/news/article/Million-Dollar-Shack-documentary-Bay-Area-housing-6582122.php" rel="nofollow">http://m.sfgate.com/news/article/Million-Dollar-Shack-documentary-Bay-Area-housing-6582122.php</a></p> <p>This was just an okay documentary but it helps me to explain to people why we'll never be able to buy a house over here. </p> https://boards.hellobee.com/topic/housing-prices#post-2363593 Thu, 19 Nov 2015 16:48:14 +0000 Foodnerd81 2363593@https://boards.hellobee.com/ <p>My immediate area is going up like crazy- we bought our condo less than 2 years ago and the estimate has gone up almost $100K! I don't think it will keep going up like this but also won't go down, which just slow down. </p> <p>Personally I feel like many neighborhoods near me are overpriced, so if you thought you would be selling in 5 years or so, it might be a bad idea to buy now. But if you are looking to stay there for 15+ years or whatever, you can weather the market changes anyway. </p> https://boards.hellobee.com/topic/housing-prices#post-2363578 Thu, 19 Nov 2015 16:42:55 +0000 Raindrop 2363578@https://boards.hellobee.com/ <p>I read every single one of your comments. Thank you everyone for your inputs. There is just one house I really like, we are going to look at it this weekend to make up our minds.</p> <p>We bought our townhouse 5 years ago at I believe close to the low. A townhouse in our complex with one bedroom less and 200 sqft less than our model sold the beginning of this month for 200k more than what bought our townhouse for. </p> <p>My head is spinning from these crazy housing prices right now.</p> <p>I'm in the south bay of the silicon valley. </p> https://boards.hellobee.com/topic/housing-prices#post-2363528 Thu, 19 Nov 2015 16:23:18 +0000 kodybear 2363528@https://boards.hellobee.com/ <p>we just moved and bought our forever home. the price was high but we used the equity we gained from our last house to put into this new house. otherwise we wouldn't have been able to afford the new house! so we took advantage of the high prices. i would say buy the forever home now too if its feasible. its either sell low, buy low, which may not happen for quite a while so you'd waiting for the dip that may not even happen or sell high buy high, which helps get you a bigger down payment. </p> <p> i hope the housing prices stay high or get higher but realistically i feel like its probably just going to level out for a couple years which is fine with us since we don't plan to move for a long long time. </p> https://boards.hellobee.com/topic/housing-prices#post-2363514 Thu, 19 Nov 2015 16:17:52 +0000 catlady 2363514@https://boards.hellobee.com/ <p>I think this is very location dependent. In our city, prices have sky-rocketed over the past few years. They've gone up about 30% in my neighborhood in only 3 years. There is no way that is sustainable, but I also don't think they will drop anytime soon. They will probably just level out. So if you are in an area like that, it's still probably better to buy now if you can afford it. </p> https://boards.hellobee.com/topic/housing-prices#post-2363504 Thu, 19 Nov 2015 16:12:34 +0000 Greentea 2363504@https://boards.hellobee.com/ <p>@BandDmommy: I think so too and I almost kind of hope so. My city has gone nuts and high rises are popping up that cost more for a one bedroom or studio than a mortgage for a house! It is nuts. </p> https://boards.hellobee.com/topic/housing-prices#post-2363489 Thu, 19 Nov 2015 16:06:05 +0000 hummusgirl 2363489@https://boards.hellobee.com/ <p>Depends on the market, but I'd buy now if you plan to be there for 20 years and you think you'll be able to afford the payments. I don't look at our home as an investment but as a place to live forEVER (because I am so over moving) so for us it was worth it to spend a little more than we'd hoped to be in our permanent home. The number on paper doesn't really matter until it's time to sell anyway. </p> https://boards.hellobee.com/topic/housing-prices#post-2363478 Thu, 19 Nov 2015 16:02:28 +0000 Mrs Z OT 2363478@https://boards.hellobee.com/ <p>@Raindrop: I think it is really dependent on the market you're in. We own 2 houses: 1 that we bought in 2007 just past the height of the market (we thought the bubble had popped, but alas, we did not know how much further down it could go, insert sad emoji here) and 1 that we bought in 2012 in which we currently live (in a more expensive neighborhood). </p> <p>We would have been underwater on our 1st mortgage if we had tried to sell, so we've been reluctant landlords since 2012. Hoping we'll be able to sell for a modest cash out in the next few years. If we were to sell now, we'd STILL get $40k less than what we paid for it, but having paid the mortgage for 8 years, we'd probably walk away with a little money. </p> <p>We bought our current house for a great price and it has already increased in value by over 25% in 3 years allowing us to finance some major (and much needed) renovations. </p> <p>Long story long, it is so variable by region (we're in the Chicago suburbs) and neighborhood within region. You'd have to really scour the comps in your current neighborhood and look over the historical pricing data to really know whether it's a good time in your market. </p> https://boards.hellobee.com/topic/housing-prices#post-2363473 Thu, 19 Nov 2015 16:01:06 +0000 PurplePeony 2363473@https://boards.hellobee.com/ <p>I think it depends on your location. In my city, all indications are that prices will keep going up for the foreseeable future. Particularly in my neighborhood, things are nuts and I think they'll get worse because a major company is relocating its headquarters 3 minutes away and I'm sure at least some of its employees will want to move closer to work. If DH and I hadn't bought when we did, we'd already be priced out -- the house four doors down, which is almost identical to ours, recently sold for 40% more than we paid for ours four years ago. But I don't think the market will be like this everywhere, I think prices will likely level out or increase minimally in a lot of areas. </p> https://boards.hellobee.com/topic/housing-prices#post-2363470 Thu, 19 Nov 2015 15:59:08 +0000 MaryM 2363470@https://boards.hellobee.com/ <p>A lot of this depends on where you are. </p> <p>In my area, things have been pretty level for a while. I don't expect major change in the near future unless something major affects the market. </p> https://boards.hellobee.com/topic/housing-prices#post-2363466 Thu, 19 Nov 2015 15:57:47 +0000 Mrs.KMM 2363466@https://boards.hellobee.com/ <p>Prices in our area are definitely rising. We have gained a good bit of equity in the last 3.5 years just from the market going up. </p> https://boards.hellobee.com/topic/housing-prices#post-2363463 Thu, 19 Nov 2015 15:55:27 +0000 looch 2363463@https://boards.hellobee.com/ <p>I live in a very overpriced area, and housing prices seem to be holding steady. I don't think I could sell my house for very much more than we paid for it, even though we have put about $20k into it. </p> https://boards.hellobee.com/topic/housing-prices#post-2363462 Thu, 19 Nov 2015 15:55:03 +0000 BandDmommy 2363462@https://boards.hellobee.com/ <p>I think there will be another downturn. The financial markets are unstable. Just look at the European market. My husband is predicting a collapse relating to student loans. We shall see... </p> https://boards.hellobee.com/topic/housing-prices#post-2363459 Thu, 19 Nov 2015 15:54:10 +0000 coopsmama 2363459@https://boards.hellobee.com/ <p>They are going up. We bought a house in 2013 and sold it in 2015 for 30k more than we bought it for! </p> https://boards.hellobee.com/topic/housing-prices#post-2363457 Thu, 19 Nov 2015 15:52:55 +0000 agold 2363457@https://boards.hellobee.com/ <p>I bought my house at the bottom of the market and its already nearly back up to the the price at which the previous owner bought it at the top of the market! Can the prices really keep going up?!? :sad: </p> https://boards.hellobee.com/topic/housing-prices#post-2363453 Thu, 19 Nov 2015 15:50:57 +0000 avivoca 2363453@https://boards.hellobee.com/ <p>For our area, property values are rising, which is good for me as a potential seller. My house is valued at nearly $23k more than I paid for it 3.5 years ago. </p> https://boards.hellobee.com/topic/housing-prices#post-2363436 Thu, 19 Nov 2015 15:45:01 +0000 snowjewelz 2363436@https://boards.hellobee.com/ <p>For where I am, it will only go up... We bought our house 2 years ago, and it's just going up up up! </p> https://boards.hellobee.com/topic/housing-prices#post-2363433 Thu, 19 Nov 2015 15:43:22 +0000 agold 2363433@https://boards.hellobee.com/ <p>Good luck. I struggle with this same issue all the time! </p> https://boards.hellobee.com/topic/housing-prices#post-2363403 Thu, 19 Nov 2015 15:29:56 +0000 Raindrop 2363403@https://boards.hellobee.com/ <p>I just wanted to take a poll about housing prices.</p> <p>Yeah yeah we are *still* torn weather to buy our forever house now or wait.</p> <p>It is pretty even split with people I'm chatting with... half say it will only go higher and half say to wait because it's just too crazy right now it only can go down.</p> <p>I know overall since it will probably be our forever house that in 20 years it will be higher than it is now. </p> <p>I still wanted to take a poll though. :) </p>