How much is your home worth?

While, of course, all real estate is local, housing values have increased in the US, especially since the bust of 2008-2009. Currently, about 5 percent of homeowners are still upside down on their houses (their mortgage balance is more than the house is worth), but that number was 25 percent in 2009.

However, given the local nature of real estate not all markets are the same. In Miami (13 percent of homeowners with negative equity), Chicago (10 percent) and Las Vegas (9 percent) the recovery from the housing/mortgage crisis is not complete.

Although we have a very nice house, my wonderful wife and I would probably rather live in a 10-car garage with an attached house. That way, we could have more things like this:

See the source image

From wallpaperup.com a picture of a 1968 AMC Javelin, a favorite of both my wonderful wife and me. Maybe one day…

 

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2 thoughts on “How much is your home worth?

    1. LOL! Didn’t want to appear elitist and write 20- or 30-car garage. In all seriousness, I think that even with unlimited funds I could limit myself to 4-5 cars. My wonderful wife could probably do the same although she would want an E-Type Jag, an F-Type Jag and a DB-11 Aston so she wouldn’t have many cars left.

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