apmom wrote:
Part of the problem is, Fancy, lots bought well within their income but because subdividers have taken over huge areas of land and build overpriced crap on it, they cause our values to supposedly go up outrageously. Like I told the woman in the appraisal office, if she thinks my TH is worth what they said it is worth, then I will glady sell it to her for that amount. It isn't worth that and I damn well know it. If I tried to sell it for what they say I can, it will sit vacant for a very long time.

I understand the over pricing! The problem with the woman wasn't just over pricing, she went out of the way to borrow against that over pricing and renewed appraisal. I know I won't be able to get what my house has been appraised for, I won't go the way she went. I guess I learned really well from a friend who basically did the same thing back in the 1980's in that housing crash. Instead of borrowing to save his investment, he sold everything. Some of the homes he had to take a loss on.