Finally saw my home value hit $450K and it got me thinking

I bought my house in 2012 for $210K in Phoenix, just a basic 3-bedroom ranch. When I checked Zillow last week it said $450K and I honestly sat there staring at the screen for a minute. Has anyone else hit a number that just felt way bigger than you ever expected?

3 comments

3 Comments

christopher4029d agoMost Upvoted

Wow man I gotta push back on that. $450K sounds great until you realize that's barely a down payment in most places now. I mean yeah you doubled your money but you could sell that house and still not afford anything decent in like California or New York. Plus property taxes probably went up too right? So you're paying more just to live in the same place.

evan_jenkins9d agoMost Upvoted

I mean come on, is this REALLY that serious of a situation? You bought a house for $225K and now it's worth $450K, that's a HUGE win in anyone's book. Yeah prices are nuts in a few places but most of the country you can still find plenty of decent houses way under that.

terryallen6d agoMost Upvoted

@evan_jenkins you ever try explaining to someone that your house doubled in value while you can't afford to move across the street? That's the kind of win where you get to celebrate with a higher tax bill every year. Sounds like a participation trophy from the real estate gods.