>>>>What is sooooo bad about a collapse?
>>>For me, nothing.
>>>I've always avoided benefited financially from them because of my super-conservative strategies.
>>>I suspect that the next one is a way off, though. My house has still not reached the value it reached at the peak of the madness - although the houses in NY are now above those levels.
>>
>>Nosy me
>>What was estimated peak of madness value and
>>What was estimated bottom after Lehman and
>>what do you consider dependable value (= outside crunch/panic selling, worth of ground, labour and material)
>
>I can only speak for NY and NJ.
>The swings in CA and FL, as far as I can tell, were more pronounced, while some areas in the Midwest saw much smoother swings.
This kind of swing? Look at the 2006 sale price.
VALUES - 5AC on Dog Island, FL Land Value 160,000
2017
Just Value 160,000
Assessed Value 160,000
Exempt Value 0
Taxable Value 160,000
LAST 2 SALES
Date Price Vacant? Qual
05-2006 1,300,000 Y Q
12-2002 100 Y U
I own the 2013 and 2014 tax certificates on this property and I don't know if I will ever get my money.
I had planned on filing for a tax deed which would put my total investment at about $15 K . Then one of two things would happen. Someone else could buy the property and I would get my money plus the 1.5% interest per month or I would get the land. If I got the land I was going to donate it to one of the public trusts and take a $160 K deduction(current value) which would save me about $40K in taxes. With the new tax law I will not be able to do this. I haven't come up with plan "B" , yet.
>
>In Long Island, NY a 4 bedroom two story colonial in Nassau's best school district sold for almost $1 million at the peak of the madness.
>Typically houses sold for higher prices than the listed sale price. Bidding wars were common. Days on market were typically fewer than 30 days.
>After crash, it sold at about $500K. Days on market might be 180 or more. Prices were discounted from the offering prices.
>
>In Nassau county, there is not a single available building plot, so there is no way to estimate the basic value.
>It's not uncommon to see people buying two small houses, knocking them down and putting up one large one.
>Here in NJ, you could probably build that house for $300- 400K.
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