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Zillow's price estimates are screwing up homebuying
MSN.com ^ | December 18, 2024 | James Rodriguez

Posted on 12/18/2024 9:03:32 AM PST by Angelino97

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To: dragnet2

I can’t speak for all of Orange County, but that is not the case in my little Irvine/Newport area. It looks like you live in Arizona so I’m sure you know more about it than people who live here though, right?


61 posted on 12/18/2024 11:20:52 AM PST by Kathy in OC
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To: dragnet2

My comments were related to taxes and assessments paying for services used by residents. Who should pay for police, fire, etc? Another school shooting isn’t really interesting, or news, anymore.


62 posted on 12/18/2024 11:27:11 AM PST by Kathy in OC
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To: Kathy in OC

Yes, that is the case in OC.


63 posted on 12/18/2024 11:27:24 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: TexasGator
now i'm more confused about this article though i get the gist of it.
I would and have always hired an appraiser...

$301,399
Redfin Estimate

Zestimate®: $276,200

64 posted on 12/18/2024 11:27:53 AM PST by stylin19a ("If You Can Read This, Thank a Teacher. If You Can Read It In English, Thank a Veteran" )
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To: dragnet2

LOL.


65 posted on 12/18/2024 11:28:33 AM PST by Kathy in OC
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To: Kathy in OC

I used to live in the Irvine area many decades ago.

The housing prices were crazy even back then...

I was renting an apartment for years there because the houses were way out of my financial reach.

I got a job offer in the Northeast (small town) at the same salary and decided to take the offer.

I walked into the local Northeast real estate office and told the guy I wanted to buy a house.

He asked my salary and I told him.

He showed me a wall full of pictures of every kind of house you can imagine.

He said “with that salary you can afford any of them.

Pick some for us to visit.”

I did buy one—four bedrooms, acre of land, less than ten year old house.

Crazy stuff.


66 posted on 12/18/2024 11:29:03 AM PST by cgbg (It is time to pull the Deep State out of the mass media--like ticks from a dog.)
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To: Kathy in OC

They’re getting it from the homeowners...They’re taxing the sh*t out of the homeowners.

Don’t believe me, just look at realtor.com, the taxes of what a recent home purchase in OC is costing people...Some of these people are paying 400+ per month in property taxes. Do you think that’s reasonable Kathy?

Do you think it’s right to make people who’ve been paying taxes all their lives, to pay ever increasing taxes for property they own outright?


67 posted on 12/18/2024 11:35:10 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Kathy in OC

OC is the worst in that respect. Btw, I forgot more about OC than most ever knew about OC.☺


68 posted on 12/18/2024 11:37:24 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: cgbg

I know I could get more house somewhere else but I love it here. My house is worth over six times what I paid for it in 2000, and I love California. I have a vacation house in Lake Arrowhead, 75 miles away so easy to get to. The only reason I’d leave here would be if I left the country, and even then I wouldn’t sell my house. My heart breaks for young people starting out though.


69 posted on 12/18/2024 11:38:20 AM PST by Kathy in OC
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To: Kathy in OC

You live in OC and have a vacation home in Arrowhead?

lol...

No wonder you can’t relate to what’s left of what the middle class. It’s a meatgrinder for them...Trust me here Kathy.☺


70 posted on 12/18/2024 11:42:08 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Angelino97

Well, I sometimes use Zillow’s “Sold” data to get a better view of the actual prices people are willing to pay.

I’ve added several enhancements to my home since purchased, I don’t expect Zillow to account for them - even though the tax assessments have been done (and I’m paying for them). I assume Zillow doesn’t get all those details.

It’s a guide - pricing ‘trends’ are probably useful, e.g. up or down over months is probably true of the market. Individual homes still need a proper evaluation.


71 posted on 12/18/2024 11:42:34 AM PST by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: PIF

No kidding? I didnt know that. I honestly never looked that closely!


72 posted on 12/18/2024 11:46:16 AM PST by Vermont Lt
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To: dragnet2
I did notice that.

Some 25 years ago, while I was visiting New York City, I saw about a half dozen long fire trucks parked near an apartment building. Most of them couldn't get near the building that was the focus of their attention. (I didn't see a fire; perhaps a smoke detector had gone off.)

Firemen were standing about. I asked one why there were so many trucks parked along the block, even though most of them couldn't get near the affected building.

He said to me, "If if was your home, you'd want all these trucks."

Which didn't really answer my question.

73 posted on 12/18/2024 11:49:33 AM PST by Angelino97
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To: dragnet2

I dont understand your problem. Again, who do you think should pay for infrastructure and services, if not the residents who benefit? I’m sure you’re an expert on Prop 13 and know that property assessments here are capped until property is sold. Are you insinuating that homeowners are surprised when they receive their property tax bill? Or that people would prefer to live in an area with higher crime, lower education, fewer amenities rather than pay taxes to have those things?

I don’t have a problem with people paying property taxes for services that benefit their property. You still haven’t revealed your better plan for achieving roads, utilities, schools, public service, etc without property taxes.


74 posted on 12/18/2024 11:55:06 AM PST by Kathy in OC
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To: dragnet2

“I don’t know how they ever convinced people to pay for property taxes.”

The government had two strokes of genius to take our money; property taxes and income tax withholding. How much would income taxes be if everyone had to write a check at the end of the year for their taxes?


75 posted on 12/18/2024 11:55:31 AM PST by suthener ( I do not like living under our homosexual, ghetto, feminist government.)
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To: dragnet2

LOL. You make a lot of assumptions. How do you propose paying for infrastructure without property taxes?


76 posted on 12/18/2024 11:57:05 AM PST by Kathy in OC
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To: Angelino97

Offer the seller a price to element the middle man/woman percentage a win win deal.

Option 2 look for a For Sale By Owner it’s worth the trouble.


77 posted on 12/18/2024 12:00:28 PM PST by Vaduz
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To: DesertRhino

I get calls every week-—TO SELL MY HOUSE.

IT is not currently for sale.

I have sworn at them

Yelled at them, etc.

Finally, I tell them:

I WILL SELL:
THE PRICE IS $1 MILLION PLUS ANY Capital GAINS I have to pay-—I want all the money in CASH at the pending of escrow-—ONLY I CONTROL THE ESCROW—and I want up to 180 days escrow.

THEY SAY “ IT ISN’T WORTH $1 MILLION.”
I tell them-—IT IS TO ME.....THEY HANG UP

When I win the Lottery & I have FU $$$ and can go wherever I want, THE PRICE will still be over $400,000. THIS is over 5 acres & a turn key horse operation. 12 separate horse enclosures-—Perimeter fencing-—2 gates==32’wide each—OVER 2 1/2 miles of HOT WIRE. Took almost 92 straight days to install-—4 of us—EVERY SINGLE DAY. 226 T-posts alone. OVER 160 wood posts. OVER 600 bags of dry 60# cement in post holes etc. LOTS OF LABOR & MATERIALS. Would cost over 2 X now.


78 posted on 12/18/2024 12:14:54 PM PST by ridesthemiles (not giving up on TRUMP---EVER)
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To: ridesthemiles

Yeah, I get lots of junk mail from realtors. Sometimes they say they have buyers who are interested in a home just like mine.


79 posted on 12/18/2024 12:17:25 PM PST by Angelino97
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To: E. Pluribus Unum

I just got new county assessment, etc. TODAY
ZILLOW is using COUNTY numbers-—to the the dollar.


80 posted on 12/18/2024 12:21:52 PM PST by ridesthemiles (not giving up on TRUMP---EVER)
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