Our house is now worth a lot more
By Judy Evans
@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
@kaylachan (59178)
• Daytona Beach, Florida
11 May
Yes, it is. A very common one, actually.
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
@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
@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
@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
@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
@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
@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
@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 were some words that I assumed every English speaker knew but I know better now.