What is your domicile per foot cost?

Re: What is your domicile per foot cost?

feeds@yuku.com (Magdalyn) — Wed, 23 Jul 2008 08:19:50 GMT

My house was 130k, and we looked at pretty much the exact same house in Toronto.. priced at 750k.

Re: What is your domicile per foot cost?

feeds@yuku.com (Beefcake) — Mon, 21 Jul 2008 14:21:21 GMT

I'll play.

My best guess of FMV for my condo is $325,000 to $350,000.
935 sq. ft.

So about $350-$375 per sq. ft.

Re: What is your domicile per foot cost?

feeds@yuku.com (Reginald Lewis) — Mon, 21 Jul 2008 12:24:44 GMT

I wonder if the Six Flags girl gets half off?

Re: What is your domicile per foot cost?

feeds@yuku.com (Shorty) — Mon, 21 Jul 2008 12:24:38 GMT

"Paid" was a lie.

Re: What is your domicile per foot cost?

feeds@yuku.com (Carboys Desire) — Mon, 21 Jul 2008 12:15:41 GMT

Beefcake wrote:
Or if you pay off your house, but maintain other debt, or don't maximize your savings for retirement, education, etc.

Home mortgages are subsidized by the government through the mortgage tax deduction (assuming you itemize), so the effective interest rate on a mortgage is 3-4%, which is pretty easy to beat with either bonds or stocks. So for many people, it makes sense to keep a large mortgage...

Re: What is your domicile per foot cost?

feeds@yuku.com (ilikelissie) — Mon, 21 Jul 2008 11:27:35 GMT

It's not what you paid....it's fair market value.

Re: What is your domicile per foot cost?

feeds@yuku.com (Shorty) — Mon, 21 Jul 2008 11:26:38 GMT

Ok, I'll spring. We paid only $250K for ours. It was an outrageous steal. It was on the market 9 months cause it needed updating big time. I love those kinds of houses cause I like to redo everything to my tastes anyway. It really just needs the kitchen and bathrooms redone, but they aren't horrible as they are. The floor plan is great. I mean yeah, we'll put a big chunk into it when it's all said and done, but I still couldn't get this sq. footage in this part of town...

Re: What is your domicile per foot cost?

feeds@yuku.com (Hamdingers) — Mon, 21 Jul 2008 11:23:39 GMT

Baby Please wrote:
.40 including taxes and insurance.

A more useful number might be housing value per sq. ft. (fair market value divided by square footage).

Doing it this way, $106. that doesn't seem right but whatever.

Yeah, mine's $251 that way, and that seems dopey.

Re: What is your domicile per foot cost?

feeds@yuku.com (nedloh3) — Mon, 21 Jul 2008 11:22:32 GMT

My house is assessed at $108,000.

That helps this convo not one iota.

Re: What is your domicile per foot cost?

feeds@yuku.com (ilikelissie) — Mon, 21 Jul 2008 11:20:36 GMT

It's allllllll regional.

Re: What is your domicile per foot cost?

feeds@yuku.com (hwamf) — Mon, 21 Jul 2008 11:17:46 GMT

I freeload these days!

I.Y.F.

Re: What is your domicile per foot cost?

feeds@yuku.com (Shorty) — Mon, 21 Jul 2008 11:16:34 GMT

Because isn't that regional? There's no way I could afford my house on either coast, cause it's 4300 sq feet with a huge yard and a pool. But if I told you how much it cost, you'd shit, cause it was really cheap by coast cost of living.

Re: What is your domicile per foot cost?

feeds@yuku.com (ilikelissie) — Mon, 21 Jul 2008 11:12:11 GMT

Why doesn't anyone want to post the real value of their home?

Re: What is your domicile per foot cost?

feeds@yuku.com (Beefcake) — Mon, 21 Jul 2008 11:10:02 GMT

True, but the last 10 years have been very atypical.

Historically, housing prices track the inflation rate pretty closely. This makes sense, because the housing market is dependent on having new (young) buyers moving in to the market as the older homeowners move up (or out). The way housing is priced now, many young buyers are priced out of the market. In the short term, that problem was solved with various 'exotic' mortgages that let people buy houses they couldn't...

Re: What is your domicile per foot cost?

feeds@yuku.com (ilikelissie) — Mon, 21 Jul 2008 10:30:30 GMT

Either way, your return on your home is not tied to interest rate you paid.

It's tied to the market and holding on to a home you own free and clear will always pay more than most investments in the long term.

It's a bad time for flippers right now, but the ten year trend in real estate prices is still way up.

Re: What is your domicile per foot cost?

feeds@yuku.com (nedloh3) — Mon, 21 Jul 2008 10:23:45 GMT

If you pay off your house & maintain other debt you are very dumb. I equate a paid off house with being debt free - maybe I shouldn't do that. Also, I don't recall be able to itemize more than two or three years into my 15-year mortgage so I never bought that argument. .

I wanna buy some garages.

Re: What is your domicile per foot cost?

feeds@yuku.com (ilikelissie) — Mon, 21 Jul 2008 10:18:13 GMT

No no.....probably about 10 times Loki size.

That's still pretty fucking small.

Re: What is your domicile per foot cost?

feeds@yuku.com (r) — Mon, 21 Jul 2008 10:16:47 GMT

Loki small?

Re: What is your domicile per foot cost?

feeds@yuku.com (ilikelissie) — Mon, 21 Jul 2008 10:15:36 GMT

I have a small yard.

Re: What is your domicile per foot cost?

feeds@yuku.com (r) — Mon, 21 Jul 2008 10:14:48 GMT

Was it that funny?

What is your domicile per foot cost?

feeds@yuku.com (holygeeziwannalickm) — Sun, 20 Jul 2008 18:53:15 GMT

Take your monthly payment and divide it by the square footage of your domicile.

Me = $1.667 per square foot.