News4 mins ago
what was my house worth in 1991?
5 Answers
what was my house worth in 1991?
Answers
1 to 5 of 5
Best Answer
No best answer has yet been selected by lyndseymc. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
-- answer removed --
Click here and put 2005 in the 'original' slot at the top (2006 not yet covered), add the 2005 house-value to the middle � slot and put 1991 into the bottom slot. It might work best if you just enter a raw figure such as 98 (meaning thousands) rather than �98,568!
Obviously, individual house prices - even for identical houses - vary enormously, depending upon a number of factors. Never forget the importance of one of the most vital...'location, location, location'...for example.
All the website I linked to can do, therefore, is give a very rough estimate.
Another formula - for want of a better word - is the claim that house-prices double every nine years. A house currently valued at �200,000, say, was probably available in 1997 for �100,000 and in 1988 for �50,000. That formula and these very figures apply very closely to the house I currently own, for example.
All the website I linked to can do, therefore, is give a very rough estimate.
Another formula - for want of a better word - is the claim that house-prices double every nine years. A house currently valued at �200,000, say, was probably available in 1997 for �100,000 and in 1988 for �50,000. That formula and these very figures apply very closely to the house I currently own, for example.
1 to 5 of 5
