I was so tempted to start a "56% of Cook County homeowners with a mortgage don't wear underwear" parody thread........don't everyone thank me at once for not.
Interesting, but not surprising as far as the article goes.
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| 44% of Cook County homes with a mortgage are underwater https://mail.chicagofanatics.com/viewtopic.php?f=47&t=70324 |
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| Author: | NearWessSideHussra [ Fri May 25, 2012 5:57 pm ] |
| Post subject: | 44% of Cook County homes with a mortgage are underwater |
http://www.chicagotribune.com/business/ ... 0367.story Quote: The number of underwater homeowners varies by county, as do the paper losses. In Cook County, 44.5 percent of homes with a mortgage are underwater, accounting for $37 billion in lost equity, according to Zillow's data.
In DuPage County, only 33.1 percent of homes with a mortgage have negative equity, and those losses translated to about $5 billion. Kendall County had the greatest share of underwater homeowners, at 55.6 percent, but the dollar value of those losses was just over $1 billion. |
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| Author: | Eaglo Jeff [ Fri May 25, 2012 6:03 pm ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
I was so tempted to start a "56% of Cook County homeowners with a mortgage don't wear underwear" parody thread........don't everyone thank me at once for not. Interesting, but not surprising as far as the article goes. |
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| Author: | sinicalypse [ Fri May 25, 2012 6:08 pm ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
* inhales * .....that's a bummer, dude.... * exhales * that's a real bummer... man |
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| Author: | Crystal Lake Hoffy [ Fri May 25, 2012 7:04 pm ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Somewhat in line with this, how accurate is Zillow.com? A friend who builds houses said the estimate was pretty close to actual. |
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| Author: | NearWessSideHussra [ Fri May 25, 2012 7:23 pm ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Hopefully more accurate than the shooter in this story: http://seattletimes.nwsource.com/html/l ... ng26m.html tragic. |
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| Author: | redskingreg [ Fri May 25, 2012 10:33 pm ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Crystal Lake Hoffy wrote: Somewhat in line with this, how accurate is Zillow.com? A friend who builds houses said the estimate was pretty close to actual. My god, I hope not. Paid $214k two and a half years ago. Zillow says my house is worth $147k currently. Ouch. |
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| Author: | Killer V [ Sat May 26, 2012 6:39 am ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Zillow is dumb. |
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| Author: | spanky [ Sat May 26, 2012 6:47 am ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Crystal Lake Hoffy wrote: Somewhat in line with this, how accurate is Zillow.com? A friend who builds houses said the estimate was pretty close to actual. Horribly inaccurate. |
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| Author: | ChgoSportsFreak [ Sat May 26, 2012 7:19 am ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Zillow buys its data from LPS the largest real estate data resource in the nation. Appraisal value is extremely hard to generalize as each property is in different conditions and has different upgrades. Zillow uses a combination of recently sold homes with similiar square footage, bedroom and bath as well as the countys assessed value of the property. Zillow does as good of a job as they can...still can use as an estimate but not a rock solid number. |
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| Author: | sinicalypse [ Sat May 26, 2012 8:15 am ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
is being underwater such a bad thing? the snorks seemed to turn out pretty ok. |
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| Author: | good dolphin [ Sat May 26, 2012 11:30 am ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Zillow is as worthless as tits on a toad. Their information is generally incomplete and their market value analysis is less than rudimentary. |
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| Author: | Crystal Lake Hoffy [ Sat May 26, 2012 9:42 pm ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Thanks all, thats good to hear. Zillow showed my house lost $7,000 just this month 
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| Author: | Killer V [ Sun May 27, 2012 5:26 pm ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Zillow valued the house I sold around $85k less than what it sold for. It valued the house we bought at $ $75k more than we paid. Either I'm REALLY good at real estate, or Zillow sucks. Which is more likely? |
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| Author: | Crystal Lake Hoffy [ Sun May 27, 2012 10:11 pm ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Killer V wrote: Zillow valued the house I sold around $85k less than what it sold for. It valued the house we bought at $ $75k more than we paid. Either I'm REALLY good at real estate, or Zillow sucks. Which is more likely? You both suck? |
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| Author: | doug - evergreen park [ Mon May 28, 2012 7:49 am ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
You suck at Zillow. |
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| Author: | Killer V [ Mon May 28, 2012 3:24 pm ] |
| Post subject: | Re: 44% of Cook County homes with a mortgage are underwater |
Duh, winning! |
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