one_n1ce_guy
|
$60,000! If a house sells for that little, then in 10 years, I'm guessing it's been bulldozed. Even for Elmira, NY (which had the lowest median existing home price in the country last quarter at $78K) that is very low.
If you're interested in seeing the market trends for your area, you can look at the NAR data at the site below. It might help you guess (in 10 years, any suggestion will be little more than a guess in the real estate market) how much it will be worth then. |
|
Tinderno
 |
Don't buy a 60,000 dollar house. |
|
Lifecircus.com
|
Depends on a lot of factors
could be worth more or less
about 70 |
|
queenofkings2525
|
It depends on what the housing market is like at that time. |
|
shelcom
|
where's the house? Duh. |
|
**AnGeLbOy**
 |
Its all depends on the area that its situated, normally if its near construction sites, it means there's still interest, and then in about ten years it would cost a couple off hundreds, if its situated in a poor growth area, it'll definitely go down allot. |
|
CAT
|
Depends. The area may not develop or it may. It could go down or up. It is just hard to say. |
|
Mom of 3
|
It depends on the location location location!!! It also depends on where the economy is at in 10 years. I have a friend that bought a house 3 years ago for 70k and sold it this year for 90k...so it could be a lot! |
|
Larry G
|
With the way the housing market is today there's no telling. Where you live has a lot to do with it too. I would say that the economy is going to be in a slump for another few years. |
|
maddocckss
 |
where do you live that a ranch would go for 60 yopu can't even get an apartment here for less than 100 |
|
Vanessa
|
where is it? location, location, location
Some places that people build nice homes and ranches are now ghost towns where no one lives.
You can build a beautiful home in very rural Oklahoma and it can be worth nothing because it is where no one wants to live.
People came and bought cattle ranches for very little only to find out that they are worth very little. |
|
Anthony
 |
60 thousand right? Well in about ten years... I estimate it would be at 40 thousand just my opinion and if someone else bought it before you and makes it a total mess and for you to clean ummm about 20 thousand just opinions and it might get pretty old too |
|
frankie b
 |
About 1.5 million...........................or 25k. My magic 8 ball is broken |
|
BAMBAM
|
If i were you, i would invest in some economic classes and some sound education.
Sounds like you need it. |
|
Ari
|
It really depends on the location of the property and the shape of the real estate market. Its nearly impossible to tell at this point. Also you should keep in mind that when a home is sold at auction it generally sells for well beyond the value of the home. Just because it was bought for $60,000 doesn't mean that the home isn't really worth $200,000. People buy homes at auction because they can usually get a great deal. |
|
godged
|
Sorry, my crystal ball is in the shop. |
|
Heather
|
i don't have a response for your question but i have to say I'm so very worry about your grandfather. I just lost mine 05/20/07 and still can't get over it.. he was the most amazing person in the world.. I really feel for you... if you ever need anyone to talk to email me on yahoo and I'll give you my email address.. God bless |
|
Cyrus
|
You can calculate the inflation rate for the past 10 years and predict how much this house would cost 10 years later. |
|
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
