09-01-2007, 08:54 PM
where I live property values are sky rocketing as well, real estate values are dropping though the floor.
my house was last apraised by the township for 127 thousand, but on the market I cant get an offer better than 30 thousand. I owe 60 thousand.
the house next door to me valued at 330 thousand wouldnt sell for 140 thousand. bank forclosed on it. throwing the owner out, sold if for less than what he owed and now he is still paying the morgage on it while at the same time some one else owns it. "real estate agent"
so yep, its raining out side my house...[crazy]
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my house was last apraised by the township for 127 thousand, but on the market I cant get an offer better than 30 thousand. I owe 60 thousand.
the house next door to me valued at 330 thousand wouldnt sell for 140 thousand. bank forclosed on it. throwing the owner out, sold if for less than what he owed and now he is still paying the morgage on it while at the same time some one else owns it. "real estate agent"
so yep, its raining out side my house...[crazy]
[signature]