william the wie
Gold Member
- Nov 18, 2009
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I have been looking over data for Jax Beach FL and I find the Case-Shiller data even more optimistic than ever. Looking at houses here are the trendlines
By 1990 virtually all land within the city limits had been developed.
In 1972 the house I live in was bought by wife for 10K.
In 1985 we were advised to list at 40K.
In 2000-2 some of my wife's friends bought the same model house at 100-120K for a value based on distance from the ocean of 100K for our home.
At peak based on Zillow numbers value was about 350K.
Current value for comparables about 210K.
I would expect at least another 57% drop to 90K before a bottom is reached.
What are your estimates for future decline and why?
By 1990 virtually all land within the city limits had been developed.
In 1972 the house I live in was bought by wife for 10K.
In 1985 we were advised to list at 40K.
In 2000-2 some of my wife's friends bought the same model house at 100-120K for a value based on distance from the ocean of 100K for our home.
At peak based on Zillow numbers value was about 350K.
Current value for comparables about 210K.
I would expect at least another 57% drop to 90K before a bottom is reached.
What are your estimates for future decline and why?