ST Alpha - "and now that house would go for?" (Reading a Post)

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In response to "LIR, R: I think my parents paid around 70K for the house (new construction) in 1979." by ty97

and now that house would go for?

Posted by Reagen Mar 14 '14, 08:27

I may do some nerdy financial calculations later on this. I'm genuinely curious if lower interest rates but higher house prices have actually changed anything.

Responses:

Heh, was I just looking in my hometown to figure this out. A little hard to say. - ty97 Mar 14, 08:33 7
- Just check the address in Zillow. It might not be perfect, but that's as realistic a guess as anything. -- nm - Will Hunting Mar 14, 08:38 2
  - I find zestimates to be craptastic on a good day and complete farce on other days (but I'll look) -- nm - ty97 Mar 14, 08:54 1
    - 248,544. And apparently my parents sold for 155 in 1993 and it hasn't been sold since. -- nm - ty97 Mar 14, 08:55
- The other thing is, they would give anyone a loan back then -- nm - groiny Mar 14, 08:34 3
  - They would give anyone a loan in 2003 too (case in point: me) - ty97 Mar 14, 08:54
  - good point. as rates have dropped the hoops to jump through and risk analysis' at the banks have risen -- nm - Beaker Mar 14, 08:35
  - I'm still seeing ads that say "We don't have as high standards as the banks do" ... WELL WHY NOT? -- nm - Reagen Mar 14, 08:35

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and now that house would go for?

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