Cheesehead1
Not even trying
Its sellers market in North Dallas too.
For me its no good, Ive been here forever and the house is run down and the "appraisal" goes up and up and up....
Last time I fought city apprasiers the real estate agent said my house was under $60k of appraisal but...the City Tax crew sent me a letter saying the decided my house was appraised right. Its tripled in value in 25 almost to the dollar.
I suppose I need to get a Real Estate reviewer to check my place again.
The thing is when I fought the appraisal and won, the amount was $10k lowered and then savings wasn't much.
Im paying about $6k taxes for 1/8 acre lot, with house....its ridiculous. Texas doesn't have state tax, but they bone you on property taxes to make up for it.
If you don't plan on selling your house there is no advantage to a higher appraisal.
During the 00's housing boom a lot of people were buying out of their price range rationalizing that it's their retirement account. Stupid, stupid, stupid. There's going to be a glut of McMansions in the future. Some people identify with their house or their car and I guess it's a personal choice, but it's not a good financial decision. Besides paying more for the home you are paying more for taxes and more for interest, not to mention energy and upkeep bills. If you put that money into some kind of financial account you would be w-a-y ahead. Of course you wouldn't get to live in a big house, again a personal choice.
I'm somewhat taken aback when I hear people say their house isn't big enough. I grew up in an age where a family of eight would get raised in a cigar box home. We had six in our family, I shared a bedroom and we only had one bathroom.
The trend around here has move from a focus on the suburbs and country to city living. People want to be near things and be able to socialize. I was at a wedding and in a conversation with another guest the guy told me that he could never live in the city and that he hated it. I told him I liked it because I like to go out and do things. His wife had this sad look on her face.
The Wisconsin Illinois border has a lot of housing development on the Wisconsin side. A lot of people work in Illinois but live in Wisconsin because the housing and cost of living are so much cheaper here.