We haven't bought anything in the past couple of years locally because the value proposition compared to what we already own just isn't there.  

Taxes are half the cost compared to CA and insurance is lower if not by the water.

In NYC trying to compare like properties and eliminating co - op debt, co-ops will sell for 60% to 200% of a comparable condo.  

@John Kirtley It's definitely gone up a lot in value, but you can compare the values to Folly or Isle of Palms (Sullivans isn't really comparable) to see the future growth.

This is why people are getting pissed with cold callers and your seeing very poor response/appointment/sales rates with PS data.This is what Joel Bongco has stated alsoIts absolutely true and I can go further and quantify exactly how bad the data is using my own study comparing PS to county records.I compared PS preforeclosure leads to county records across 167 counties in Texas (67), Florida (50) and California (45) by running searches for both PS ad the County recorders datbase for the period 08/01/2024 - -09/30/2024 and found thatFor TX which i measure preforeclosure leads as all lis pendens, appoinment of substititute trustee (Not a NoD but used for a similar indication) and notice of trustee filings.

To be able to dispose of assets when we want, to be able to sell easily (single-family homes are pretty easy to sell compared to apartment buildings), and to know that we are in control of our destiny, is worth a lot to me.Also, we can get 18 more mortgages between my wife and me before we have to worry about running out of government-subsidized financing, and hundreds of thousands in future investments before we have to worry about scale.

I agree with others that not all the companies are created equally and I would take the time out to compare them.  

That's why appraisers do the comparative approach and then secondarily the cost approach.So far, 100% of the time you don't get dollar for dollar back from what I've seen.

Your new ARV(after repair value) should be supported by an adequate amount of comparable sales in the area(duplex's).

Compare it to the area you grew up in.