Our house is now worth a lot more

@JudyEv (327084)
Rockingham, Australia
May 10, 2024 7:28pm CST
The photo of a ringneck parrot having a bath is more interesting than a photo of one of our village houses, which is what this discussion is about. We live in a lifestyle gated village. One of the people living in one of the houses has to be 55 or older so quite a few are still working. Some are much older and have been retired for quite a few years. We have had a few deaths, a few major illnesses, and lots of people coming and going on cruises, tours or caravan holidays. One lady has recently sold to move closer to her elderly sister. Her house sold within a week and sold for much more than she paid for it. She would have paid around $505,000 and it sold for $800,000. She would be laughing all the way to the bank. Is that a saying in your part of the world?
24 people like this
24 responses
@Juliaacv (48729)
• Canada
11 May
Yes, we use that saying here. I will say that your housing sounds as costly as our real estate market is now. Our son's street doesn't have a home that would sell for less than 1 million dollars, that is outrageous, I cannot fathom paying off such a mortgage in my lifetime.
4 people like this
@Juliaacv (48729)
• Canada
11 May
@JudyEv Everything is relevant, my son explained that to me. The mortgage that my husband and I carried, was relevant to our household income, as theirs is today. They make much much more than we did. Even the cost of a vehicle today, we think it is crazy expensive, but the kids take it all in stride. I remember having that same mindset when I was young.
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
13 May
@Juliaacv I'm sure you're right. Our parents must have worried about the amount of debt we had from time to time.
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
11 May
Young people here have huge mortgages too. You do worry for the young ones nowadays.
4 people like this
@kaylachan (59178)
• Daytona Beach, Florida
11 May
Yes, it is. A very common one, actually.
2 people like this
@JudyEv (327084)
• Rockingham, Australia
11 May
I never know what's well-known and what isn't. I never assume now that something will be well known.
2 people like this
@kaylachan (59178)
• Daytona Beach, Florida
11 May
@JudyEv To be fair, where you're from, language-wise, shares a lot with where I'm from. Laughing all the way to the bank is a simi-common and simi-popular saying when used in that way.
2 people like this
@JudyEv (327084)
• Rockingham, Australia
11 May
@kaylachan One that really surprised me was that a lot of Americans didn't know 'fortnight'. I was really surprised at that.
1 person likes this
@rebelann (111487)
• El Paso, Texas
11 May
I wish my little section of earth would sell for $800,000 ..... then again, I like where I am so I wouldn't sell anyway
2 people like this
@rebelann (111487)
• El Paso, Texas
11 May
Yes, you're exactly right.
2 people like this
@JudyEv (327084)
• Rockingham, Australia
11 May
It's a great thing really to be happy with what you have. Much better than hankering for something else.
1 person likes this
@sallypup (58396)
• Centralia, Washington
11 May
Is that a parrot near you? Gorgeous bird. Yup. Our house has doubled in value since we bought it.
2 people like this
@JudyEv (327084)
• Rockingham, Australia
11 May
When we lived on our farmlet, this birdbath was outside my office window. I have dozens of photos of many different birds that came to drink and/or bathe. I miss them.
2 people like this
@franxav (13653)
• India
11 May
I'm sure, your house is worth a lot lot lot more. I have not seen it but I have a picture of it in my mind. Yea, that idiom is very well used and understood among English speaking people in India.
2 people like this
@JudyEv (327084)
• Rockingham, Australia
14 May
We have no intention of selling but when we pass away, hopefully our sons will benefit.
@Beestring (13511)
• Hong Kong
11 May
This saying is not common here. Afterall, it's not an English-speaking place. Real estate's price here has dropped a little here.
2 people like this
@JudyEv (327084)
• Rockingham, Australia
14 May
Prices here just keep climbing and climbing.
1 person likes this
@snowy22315 (171447)
• United States
11 May
It is and I am sure she was. It's nice when that happens My house would be worth about 100k more than I paid for it if it was in tip top shape..but the deck has big problems
2 people like this
@JudyEv (327084)
• Rockingham, Australia
11 May
Rents and house price continue to climb and climb here. I really feel for the young people.
1 person likes this
@vandana7 (99189)
• India
11 May
Oh wow...that is interesting. No that is not a saying in our parts of the world...as yet. LOL The retirement homes, as you would call them, do not fetch much out here. Reasons are simple, we have rotten climate. By end of 20th year, lots of repairs are in picture because of rains etc. Added to that is poor quality construction. Most seniors buy those units because their kids are abroad, and they do not have either the energy or patience to exercise their rights, which anyway take ages if at all, to be established by the courts here. Who will live that long? So yeah, the sale price actually comes down. Newer units surface in the meanwhile, sorta dampening the prices of older units, partly because of the charm of the new facility apart form new amenities there. Finally, such facilities are located away from cities. Therefore, demand for rent is lower. As you have already mentioned, there is restriction related to age. In India, people will abuse their parents left and right, but will not send them to old age homes, or facilities such as these, fearing social denouncement. So demand for such units is low, consequently, so is capital appreciation. I sure am glad that you home prices are higher. I am drinking nice orange juice and will add two spoons of sugar to make it sweeter. :)
1 person likes this
@vandana7 (99189)
• India
11 May
@JudyEv I think 80 percent of Indians look for property of their parents, such are the laws. LOL
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
11 May
It's interesting re the differences in our countries and our cultures. I think older people here are more likely to stay in their own homes but a lot of adult children are very kind to the parents, visiting often, etc, and doing what they can to make their life pleasant.
1 person likes this
@xFiacre (12525)
• Ireland
11 May
@judyev Here we’d say you were on the pig’s back - ar mhuin na muice.
2 people like this
@JudyEv (327084)
• Rockingham, Australia
11 May
I haven't heard that one. They used to say Australia rode on the sheep's back, back in the day when wool was selling really well.
1 person likes this
@xFiacre (12525)
• Ireland
11 May
@judyev An astute investment.
2 people like this
@JudyEv (327084)
• Rockingham, Australia
11 May
It's good to know our boys will benefit from the increased value.
1 person likes this
@just4him (309082)
• Green Bay, Wisconsin
11 May
Yes, it's a saying here too. I'm glad it sold for more than she paid for it.
1 person likes this
@just4him (309082)
• Green Bay, Wisconsin
14 May
@JudyEv I'm sure she would.
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
14 May
She would be pleased with the increase in value.
1 person likes this
@Ronrybs (17955)
• London, England
12 May
Interest rates on mortgages have gone up a bit over here and it is reported that prices have dropped
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
14 May
There seems to be bidding wars all the time here either on houses or on rents. It's a nightmare for young people and young families. I'm so relieved we're past all that.
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
19 May
@Ronrybs Maybe bringing back the old-style boarding houses would help but probably not.
@Ronrybs (17955)
• London, England
14 May
@JudyEv Still a shortage of housing, so if the market picks up we'll be in the same place as you
1 person likes this
@nela13 (55821)
• Portugal
11 May
Yes, it is a saying here too. House prices are crazy here as well.
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
14 May
Rents are incredibly high too. I don't how some families manage.
1 person likes this
@nela13 (55821)
• Portugal
19 May
@JudyEv it is the same here, with low salaries it is almost Impossible to pay a rent.
1 person likes this
@dgobucks226 (34520)
14 May
Yes, that is a saying here. With a little help from worldwide inflation real estate is an investment that most times increases in value. The bad news is the value of the money she received does not have the same purchasing power in an inflationary environment. Well, at least in the U.S. Hey, she made a nifty profit, so overall a great deal!
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
19 May
With luck, she might be moving to a cheaper area but any profit has to be good, you'd think.
1 person likes this
@ptrikha_2 (45663)
• India
11 May
Real Estate prices in a lot of bigger cities have gone up dramatically. 30 to 40 % rise in many places. It is good for home owners who have sold their homes recently or Realtors selling or renting their owned places have benefitted, at times at others' expense. But well, that is the state of affairs.
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
14 May
House and rent prices here are horrendously high but there is little you can do about it.
@allknowing (130292)
• India
11 May
You have an interesting mix of ages out there unlike what we have in this old age home close by where people are just waiting to die And what are those bricks doing in that birdbath - just curious.
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
14 May
We have nursing homes for those unable to care for themselves and assisted living for those needing some but not all care. The black pipe brings water to the basin and the bricks holds the pipe in place.
@RasmaSandra (74245)
• Daytona Beach, Florida
11 May
Yes, I know the saying, I think it is good to live in a place with other people of the same age,
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
14 May
Like everything, there are good and bad sides. Gradually some become very ill or pass away so you become more aware of your own mortality which can be a bit depressing.
1 person likes this
@Shiva49 (26254)
• Singapore
11 May
It is nice that there is a good demand for houses in your community. It is not easy in some places to sell for more than what we paid. She has every reason to be happy that resonates with the age-old idiom.
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
14 May
I should think she would be very pleased indeed with the sale.
1 person likes this
@LindaOHio (159080)
• United States
12 May
Whoa! That's quite a profit. At that price I could have a home in the Keys. Yes, we use that saying here. Have a good day.
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
14 May
There will be another one for sale in a week or two. We're all wondering what that will bring.
1 person likes this
@dya80dya (34322)
11 May
No, I haven't heard this saying before. I don't live in the US.
1 person likes this
@JudyEv (327084)
• Rockingham, Australia
14 May
There were some words that I assumed every English speaker knew but I know better now.