It sounds sad, but seriously – this gives our neighborhood so much hope. We’ll actually be able to tell what our houses are WORTH now since they’re pretty much exact molds of each other. And what makes this even more interesting is that I’ve heard their asking price is WAYYY higher than reasonably expected. I’m not sure if they’re just disregarding the foreclosures or if their realtor has even approved (and agreed!) to it, but either way it’s better than starting out too low, that’s for sure. Just some more extra rays of hope, baby!
My only fear here is that the closing price shocks us into reality. A good quarter of us bought close to the peak of the market, if not AT the peak (*ahem*), so it’s gonna be scary to see that real life non-zillow number hit us straight in the face. 3 years ago our places were going $350-$370k (we settled @ $360k), but the last estimate I was given was around $300k – the number I use when calculating our net worth. If I were a betting man though (a non-lottery-or-poker-playing-betting-man, of course), I’d say anything over $280k would be considered a win. And something tells me we’d realistically get only $280k. Which pretty much BLOWS, but I’m over it at this point. I blogged it all out of my system last year, and now ready for the recovery :)
And who knows. Maybe we’ll get lucky and some spendthrift bastard will come along and save the day! All we need is one person to plunk down the money to pump up the rest of our values – as crazy as that sounds. So I’ll keep ya posted, friends! Fingers crossed and happy thoughts up in hurr…
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!