This year I've been sending out anniversary cards to people in my neighborhood (Pomona Lakes, in Arvada CO), celebrating the purchase of their home. There are 600 homes in Pomona Lakes, over 1/3 are original owners from the 1970s.
It's amazing to note what they paid for their homes back then, and the fact that many cars now cost that much.
And now, I hear people are 'afraid' to buy a house because it might not go up in value like it used to?
It got me thinking - If only we could figure out how much money these folks saved in taxes over the years, how much they saved not being subject to constantly increasing rent. I wish I knew more of their stories, did they celebrate when they paid off their house?
I sure hope so!
Here's some examples:
Purchase Date Paid Current Value
6/28/73$32,899$216,860
5/01/73$41,100$241,300
6/04/73$40,400$252,660
It is true that if I made a list of homes bought in the past three years it would tell a different story. But you're going to live somewhere after all - do you really want it to be a place that costs you every month, and never gives anything back?
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I write posts on real estate issues and local events in the Denver metro area, especially those *communities between Denver and Boulder, as a public service. My hope is to give people an idea of the 'flavor' of our community, in case they're new or moving to the Denver area.
I am a residential real estate agent, happily helping folks buy a house or sell a house in the beautiful and friendly *suburbs northwest of Denver.
*Arvada, Broomfield, Lafayette, Louisville, Superior, Westminster; also Thornton, Golden, Wheat Ridge, Northglen, Lakewood
Read more about Arvada Colorado, a historic small town between Denver and Boulder.
Find Homes for Sale, no Matter Who Listed Them, at Dream House Hunting.
Copyright © 2011 Joetta Fort
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