How much do you make? What is your house worth?

[frugalfarmwife]

Re: How much do you make? What is your house worth?

Where do you live?: Central Ohio
How old are you?: 41
How much do you make? : Hubby 50,000 (Supervisor of Locomotives small RR) me sporadic but minimal, I run the farm /ebay/sell veggies(now ask me how much I THINK I should make!)
How much is your house worth?: House the bank and insurance claim it's worth 160,000, personally wouldn't give more than 80,000 for it, but the whole farm is worth approx 500,000-600,000 at the moment, more if subdivided.

What amazes me is the prices of just homes and townhomes (275,000? YIKES!) I know I about choked when my MIL paid 239,000 for a condo when we paid 225,000 for our origional 48 acres with 4 barns and shop! We've since added an additional 36 acres to it

I do have to say though that we got VERY lucky purchasing our farm, it was at auction and there was a moto cross next door, we had no problem with it at all but no one else wanted to live with it. Since we bought it the Citiots living across the road got the moto cross shut down and our property values sky rocketed. (citiots= city idiots that move out of town and then complain about the noise/dust/smells/animals etc that FEED THEM!)

One other question that wasn't ask that would be interesting is what property taxes people pay, we're in CAUV (ag tax) district and taxes are just over 1,100 a year for us.

KJ

[Fern]

Re: How much do you make? What is your house worth?

Where do you live?: Western Connecticut
How old are you?: 46
How much do you make? : $57,000 (1 full-time job + freelance)
How much is your house worth?: $410,000

Re: How much do you make? What is your house worth?

I just did some quick math and worked out the average for the 9 people that gave their information.
<b>Salary: $48,160</b>
<b>House Value: $158,000</b>(excluding the people that rent)

When I began this thread I thought that my wages and the value of our house might be below average. I am surprised to see that my wages and the house value is above average.

I'd keep in mind this is only certain areas of the US - I would LOVE to find a house that cheap where I live. For townhouses I am looking at $350k price tags. This gives you an idea on how high the prices rise in Jersey (same for California, NY, etc.)

Also, although what I make I consider to be very good, I am technically the low end of the spectrum in the business world. (in my area) $75k + is normal. It has to be, with the prices!

[PennyPincher]

Re: How much do you make? What is your house worth?

karnic -

May I ask what part of NJ you are in? I am out of NJ 4 years now, but go there often. (Was there this past weekend.) I'd love to move back for family, but I feel like I've been priced out!

My brother pays more than $15,000 in property taxes in Monmouth County!
OUCH.

[TBH]

Re: How much do you make? What is your house worth?

I'm 28, SO is 42.
Gross income (3 part time jobs between the two of us): about 65K
House: bought in 2004 for 70K, 20K worth of renovation, now probably worth about 100K, maybe a little less. Owe 52K on it. Needs a lot more work, but afraid to put more money into it cause neighborhood is modest and I'm afraid we won't get our money out.

I'm struck (but not surprised) by the fact that most of us feel like we're "barely making it". I feel that way all the time, and yet we earn way more than the average family in the US.

[akaivyleaf]

Re: How much do you make? What is your house worth?

Where do you live?: Atlanta
How old are You?: 34
How much do you make?: 175,000 +/-
How much is your house worth?: Paid 89,000 and sold it for 150,000 about to purchase a 500,000 downtown condo

Re: How much do you make? What is your house worth?

karnic -

May I ask what part of NJ you are in? I am out of NJ 4 years now, but go there often. (Was there this past weekend.) I'd love to move back for family, but I feel like I've been priced out!

My brother pays more than $15,000 in property taxes in Monmouth County!
OUCH.

I live in Princeton - Mercer County. Princeton and the surrounding area is pricey too. That's why so many people live in PA and commute to Jersey - low prices and higher salary. Not sure I could deal with the commute myself. I'll have to find a happy medium when I am ready to go house hunting..

[BAGAGT1]

Re: How much do you make? What is your house worth?

• Where do you live?: Chicago Suburbs
• How old are you?: 33
• How much do you make?: $64000 (gross)
• How much is your house worth?: $278,000 (Townhouse)
• How much do you pay in property taxes?: $4800

I'm married and the wife makes $43K. We are doing well, but if we were to have kids, and one of us had to stay home, then it would definitely be very tight. I would love to move to a cheaper home, but my commute is already 24 miles and takes about an hour each way, so I feel I spend too much time in the car already.

[jmjj215]

Re: How much do you make? What is your house worth?

Perhaps more accurate would be ask how much equity is in the house

[byusteeler]

Re: How much do you make? What is your house worth?

Where do you live?: Tooele, Utah
How old are you?: 42
How much do you make? : about $30,000, but DH makes $55000 ( I just went back to work in april this year after 3 years off so we are playing catch up a little.)
How much is your house worth?: $165,000 (paid $107,000 about 10 years ago. Most of that growth has happened in the last 8 months we went from 135,000 at the beginning of the year to the 165,000 it is valued at now)

[Mo102]

Re: How much do you make? What is your house worth?

Where do you live?: Philly, PA

How old are you?: 26

How much do you make?: $60,000

How much is your house worth?: appraised today for $140K, although it is probably worth a little more. We paid $63K seven years ago. We are refinancing it (loan closes Sat.) with a $105K loan.

How much do you pay in property taxes?: $1200

[tamip]

Re: How much do you make? What is your house worth?

Where do we live? Central Coast California

How old am I? I'm 37, hubby is 47.

How much do we make? I'm a sahm, hubby makes $115,000.

How much is our house worth? $675k (we owe $400k)

[cheapbastard]

Re: How much do you make? What is your house worth?

Here are the averages again:
Average Salary: $59,762
Average House: $232,210

I have been following this thread and a lot of people mention "DH". Who or what does DH stand for?

[jmjj215]

Re: How much do you make? What is your house worth?

Where do you live?: Tooele, Utah
How old are you?: 42
How much do you make? : about $30,000, but DH makes $55000 ( I just went back to work in april this year after 3 years off so we are playing catch up a little.)
How much is your house worth?: $165,000 (paid $107,000 about 10 years ago. Most of that growth has happened in the last 8 months we went from 135,000 at the beginning of the year to the 165,000 it is valued at now)

Will Larry Miller's racetrack out there be a positive thing for you guys? I heard (directly from his mouth at BYU) that it's going to be quite a track. (Sorry, off topic)

[PRICEPLUS]

Re: How much do you make? What is your house worth?

Where do you live? Rockland County, New York.

How old are you? 46.

How much do you make? 55,000+whatever extra I can make. Wife makes about same.

How much is your house worth? Ten years ago about 180,000. The housing market has taken off here. The house across the street which needed a ton of work sold for 450,000. I would guess we are just a little more than that. The taxes are awful though!