daugen
Epic Contributor
our farm, 116 acres, $16,000 and I have the letter written from my grandfather to the realtor stating his concerns he was paying too much.
1939, a bit before most of us were around.
What TBN use to be like
- Thread starter Robert_in_NY
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our farm, 116 acres, $16,000 and I have the letter written from my grandfather to the realtor stating his concerns he was paying too much.
1939, a bit before most of us were around.
MossRoad
Super Moderator
- Joined
- Aug 31, 2001
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- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
Heck our first house cost $20K and that was only 1985.
jymbee
Platinum Member
WHOA!! That's outright blasphemy! I thought everyone here knew full well that anyone who owns a tractor-- or even people who publically aspire to own a tractor-- are clearly on an enlightened path. I would suggest to the moderators here that they call you in immediately to undergo the member initiation process so that you might see the light and refrain from expressinig any such sentiments in the future. :thumbsup: :laughing:
JDgreen227
Super Member
Back in '74 my dad purcvhased the property I live on now, 11 acres with a 900 square foot house, 2 large dairy barns and a middle sized one, a detached garage and a chicken coop, all for $34,900. He could have purchased the 11 acres next to it on a corner (vacant) for $15,000 more. That property had 450' of frontage on a paved road on one side and 1000' on a paved road on the "L" side....I wish he had purchased it because the most recent lot that was sold on that was only .43 acres and it went for $25,900.....!!!!!
jerrybob
Super Member
You are so right......I've been told....GOD owns a tractor!:laughing::tractor::laughing:
JDgreen227
Super Member
Not only that, I have it from a reliable source it's a green machine....:laughing:
jerrybob
Super Member
Wow....I didn't know he drove an older Yanmar.......I suspected he might have had a Deere! Go figure!:laughing::laughing::laughing:
cockeyedMFer
Gold Member
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- 270
- Tractor
- 1959 MF 35 deluxe, gas
come visit our old neighborhood - my first house, purchased in '03 was a "steal at 53k". Its now on the market and the most recent offer was 9,000.
JDgreen227
Super Member
Either you made a typo or your old neighborhood has really gone downhill.
cockeyedMFer
Gold Member
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- 270
- Tractor
- 1959 MF 35 deluxe, gas
Sadly, its due to a huge amount of foreclosures/abandoned houses that have become low income rentals, white flight, etc. Our old urban neighborhood was slowly becoming cleaner and nicer until the housing mess. We relocated to another city for work and have been stuck with the first house for 3 years now. Tenants have just about destroyed it, and the only people buying houses in the area are out of state investors looking for rental units. They're not paying much for property management so the properties are never repaired or improved. Its just a vicious cycle.
Its weird to find yourself thinking, "I wish I'd gotten out when the house was still worth 25k!" LOL
MossRoad
Super Moderator
- Joined
- Aug 31, 2001
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- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
No, he's probably right.
My wife's grandma's house appraised at 65K, they put it on the market for a couple years and settled for close to 20K!
Our current house appraises at 85K. Two doors down one sold for 15K! Granted, ours is nicer, but its not 70K nicer. The bottom line is the housing market crashed, a lot of people lost their jobs, many homes are for sale, not many can get a loan and those that can are able to wait out people until they drop their price. Its a brutal buyers' market place right now and sellers are taking a beating in all but the most desirable markets.
This is the only thing keeping us from building a new house on our rural property... the one we own in town won't sell for anything near what it is worth to us. So, we get along well with most of the neighbors, its quiet and clean, conveniently located and most of all....
ITS PAID FOR!!!! :laughing: :thumbsup:
jerrybob
Super Member
Wow.....that market where you live is really terrible....sorry to hear that. Are your house and possessions insured?? Years ago I knew a guy whose house burned to the ground.......after negotiating his final settlement......he used his funds to build a mountain cabin?? Not suggesting anything....just sayin!:2cents:
cockeyedMFer
Gold Member
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- 270
- Tractor
- 1959 MF 35 deluxe, gas
I try to be an optimist, but one of the things that upsets me most is the housing market. A big part of the american dream used to be buying a home and watching its value grow. That was the path to security and upward mobility for a lot of people. You'd get a starter house, sell it and roll the profit into a family home, retire there and pass it onto your kids to sell as part of the inheritance. Now, a home is a liability and an anchor around your neck without much upside. That's tough to swallow.
Its insured, but the one thing the tenants haven't managed to do is set fire to the place
Its insured, but the one thing the tenants haven't managed to do is set fire to the place
mikehaugen
Elite Member
tell me about it, I bought my first house 4 years ago with that intent- the market was low and I thought it was a great time to buy. Well, the market has only gotten worse. This was supposed to be a starter home and sell in 5-10 years and move on, well I am nearing 5 years and am upside down... 10 years doesn't look a lot better. I just may die in this house!
daugen
Epic Contributor
JDgreen227
Super Member
I related my story elsewhere is a thread I started about needing an appraisal to refinance...had one done back in 2002 to get enable me to get a loan to build on and renovate the older part of the house. Sank close to $125 grand into materials for the project as 95% of it was sweat equity. Original appraisal figure in early 2002 was $140,000, and after putting the $125,000 for materials into the place plus at least $50,000 in sweat equity, the same appraiser from 2002 recently gave me an updated figure of $190,000 for the property. OUCH !!!!
Oh, and feel free to call me a (censored) if you want, but I have a hard time with sympathizing with homeowners who got foreclosed on when they borrowed $100,000 when refinancing a $50,000 house, and even less sympathy for the lenders who approved such a loan knowing full well it wasn't secured. I went to look at a $24,000 property recently in a so-so neighborhood that was a foreclosed house. The owners skipped out owning $78,000 on a refinance loan. At the very most, in the boom of the housing market, that property MIGHT have been worth $45 grand.
Oh, and feel free to call me a (censored) if you want, but I have a hard time with sympathizing with homeowners who got foreclosed on when they borrowed $100,000 when refinancing a $50,000 house, and even less sympathy for the lenders who approved such a loan knowing full well it wasn't secured. I went to look at a $24,000 property recently in a so-so neighborhood that was a foreclosed house. The owners skipped out owning $78,000 on a refinance loan. At the very most, in the boom of the housing market, that property MIGHT have been worth $45 grand.
MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 66,201
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
The problem with insurance fraud would be that most of the stuff in the house is sentimental and not of great monetary value. Of course, I doubt anyone commiting insurance fraud would probably have any sentiment at all, so it probably doesn't matter to them. Anyhow, most insurance companies can tell when all the sentimental stuff has been removed from a house before it is torched and will deny/prosecute to keep from paying fraudulent claims...
Enough of this talk! Let's go back to the original topic and speak of TBN before it was O.K. to discuss insurance fraud! :laughing:
After giving this some thought, I think it all boils down to the scope of the problem.
I was thinking that while those who have been members of forums the longest might be more apt to notice a change, newer members probably wouldn't. Then I began to think about the internet in general, and about how it has changed since the early to mid 1990's. Everywhere you go, you'll find people complaining about one thing or another and becoming divided or polarized over seemingly trivial issues, while seemingly becoming more and more isolated. It doesn't matter what the subject matter happens to be, people are just plain unhappy, or so it seems. And the worse part is that this "unhappiness" seems to be contagious.
While I can't speak for anyone else, I can say this... If I spend more time on the internet (forums or otherwise), I feel worse. If I spend less time on the internet, I feel better. Now I can't cay for certain exactly what that means, but to me it seems to suggest that the problem is much more widespread than any of us might imagine. Don't get me wrong, I love the internet and think it's one of the greatest inventions ever conceived, but I also believe that it has the power to affect our minds and our moods greatly. As a result, I've begun to try to find a good balance, where I'll sometimes go "unplugged" for a period of time as I focus on real-life things, just for the sake of change. This may not work for everyone, but it works for me.
madmax12
Veteran Member
MasseyWV said:After giving this some thought, I think it all boils down to the scope of the problem.
I was thinking that while those who have been members of forums the longest might be more apt to notice a change, newer members probably wouldn't. Then I began to think about the internet in general, and about how it has changed since the early to mid 1990's. Everywhere you go, you'll find people complaining about one thing or another and becoming divided or polarized over seemingly trivial issues, while seemingly becoming more and more isolated. It doesn't matter what the subject matter happens to be, people are just plain unhappy, or so it seems. And the worse part is that this "unhappiness" seems to be contagious.
While I can't speak for anyone else, I can say this... If I spend more time on the internet (forums or otherwise), I feel worse. If I spend less time on the internet, I feel better. Now I can't cay for certain exactly what that means, but to me it seems to suggest that the problem is much more widespread than any of us might imagine. Don't get me wrong, I love the internet and think it's one of the greatest inventions ever conceived, but I also believe that it has the power to affect our minds and our moods greatly. As a result, I've begun to try to find a good balance, where I'll sometimes go "unplugged" for a period of time as I focus on real-life things, just for the sake of change. This may not work for everyone, but it works for me.
Wisdom. Well put.
dmccarty
Super Star Member
The Internet allows us to communicate with FAR more people than we would normally in our lives. Because of TBN, I "know" dozens, if not hundreds, of people that I would NEVER have met without the Internet. This communication is also in a form that allows, maybe even encourages, people to be more emotional and up front in telling other people what they think. People will certainly says things on the Internet that the would not do to your face. Some of the people on my local county website are pathetic human beings, but I would bet if you met them in public, you would not know this about them. The Internet just allows us to see what is often hidden in people. I first saw this sort of behavior back in the late 80s on Prodigy.
To put a different view/spin on what you said, we can feel worse when we interact more with other people or feel better with less people interaction. :shocked: I think there is a great deal of truth to this in the Internet Age since the Internet allows us to interact with so many more people than we would have in the past. Now that I think about it for a bit, I think I "know" more people on the Internet than I do face to face. Discount people I know at work, and I know FAR more people on the Internet than I do in our local community.
On the other hand, we are a divisive time in our country and that simply bleeds over into the Internet.
Later,
Dan
