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Poll: Physicians, what is your current house market value?

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  • Poll: Physicians, what is your current house market value?

    118
    $0 (Renting, etc)
    9.32%
    11
    $0-250K
    2.54%
    3
    $250K-500K
    11.86%
    14
    $500K-750K
    24.58%
    29
    $750K-1M
    15.25%
    18
    $1M-1.5M
    16.10%
    19
    $1.5M-2M
    9.32%
    11
    $2M-3M
    7.63%
    9
    $3-5M
    1.69%
    2
    >$5M
    1.69%
    2

  • #2
    Ask again in a month and I will recheck zillow.

    Comment


    • #3
      Are you interested in Market Value or equity in the home? Would be nice to tie the value or equity to the region of the country.

      Comment


      • #4
        Wow, I must be slumming it, I’m in the 500K-750K bracket

        Comment


        • #5
          Originally posted by HikingDO View Post
          Wow, I must be slumming it, I’m in the 500K-750K bracket
          I would also be interesting to see what people paid vs. what they are worth now... as we paid just over your high end of the bracket but net worth is now 4x. Would never be able to afford it now.

          Comment


          • #6
            Originally posted by SLC OB View Post

            I would also be interesting to see what people paid vs. what they are worth now... as we paid just over your high end of the bracket but net worth is now 4x. Would never be able to afford it now.
            I agree but can only ask one question per poll lol. Current market value please but feel free to comment otherwise!

            Comment


            • #7
              It's amazing how finances can change mindset.

              My husband and I went through a home building process that was miserable. We were ready to sell the project at 50% completion at a loss and would take it as a learning lesson about how home building was not right for a couple like us.

              Fast forward 3 years and our ~$3M project would now sell for ~$7M (and rising daily per comps)

              With that kind of jump, we would consider subjecting ourselves to that home building process again But at these current increasing prices, probably cannot afford to embark on a 2nd run.

              Comment


              • #8
                250-500K
                Kept on looking for a bigger house for last 1 year , should have bought , but looks like the prices will just keep on going up and beyond what we can afford .

                we have a roof , so we are fine .

                Comment


                • #9
                  I want to see this >5MM house.

                  In a classically LCOL area, where the high end for most of the community is above 500k. Interest rates, economy, and everyone already moving have really slowed the market above 500k. Some of the partners lucked out on timing their downsizing of 7500 sq ft homes in 2020 (those are over 1MM in my area).

                  Comment


                  • #10
                    Clearly influenced by COL geography but I am surprised by the results thus far....much lower than I was expecting

                    Comment


                    • #11
                      Completely depends on the area. We bought our house 3 years ago for 410k. Zillow now says 490 but I am not so sure.

                      Comment


                      • #12
                        We paid $750k six years ago it's up almost 70% since then.

                        Is that my house going up or my dollars going down?

                        Comment


                        • #13
                          The 100k down payment as a young attending, followed by years of quite reasonable mortgage payments along with some serious market appreciation has us now mortgage free with around a 3 million market value in a VHCOL area.

                          We are beginning to consider selling and moving to a smaller home in the 1 million price range. But while downsizing and simplifying sounds very appealing, jettisoning decades of possessions sounds quite tedious and annoying.

                          Comment


                          • #14
                            HCOL folk haven't responded in force yet. $1M in our zip code gets you a duplex 3BR/2BA if your lucky.

                            Just last year we sold our 3700ft for $2M -- A standard tract 2500ft home is nearly $2M now. The price appreciation is just phenomenal this past year and hasn't really let up.

                            -- something where Michigan suburban Bloomfield home would be ~$700k.

                            Comment


                            • #15
                              Originally posted by HikingDO View Post
                              Wow, I must be slumming it, I’m in the 500K-750K bracket
                              We bought almost 4 years ago at 620k but current value would be 1-1.1M. We bought our cabin 17 months ago at 260k and current value 550-600k. The market here is absolutely bonkers. I bet your house is nicer than ours. My sister's 300k house in TX is. We hope to cash out in a few years and move to a lcol area where we can buy a nice home for like 500k.

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