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Old March 9th, 2007, 08:11 AM   #1
clarkstoncracker
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Default Last year, The net worth of the average american rose 7.4%. How about you?

http://news.yahoo.com/s/ap/20070308/...old_finances_1
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Old March 9th, 2007, 08:20 AM   #2
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About 12....but compared to everyone else in Michigan I look uber RICH
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Old March 9th, 2007, 08:22 AM   #3
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About 12....but compared to everyone else in Michigan I look uber RICH
:tonka:

Are you adding your spinners to your net worth? Because I know you had to use 4 different credit cards to buy them.
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Old March 9th, 2007, 08:22 AM   #4
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YES SIR IT DID !!!!

I GOT "DOWNSIZED" IN LATE JUNE THEN I GOT A BETTER JOB IN JULY , WE BOUGHT AND FIXED UP A HOUSE, MIS GOT HER FIRST REAL JOB OUT OF COLLEGE, THINGS WENT WELL IN 06

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Old March 9th, 2007, 10:42 AM   #5
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06 sucked
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Old March 9th, 2007, 10:49 AM   #6
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In 06 my house lost a lot of value, but I divorced a loser who spent money like crazy and married a guy who brings in a decent income and loves to save. I would say overall, based on our savings, we are still down in total though if you count how much value our home lost. :stan3:
I am actually not distraught about it though because a lot of other people have had it way worse this year, so we are lucky.
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Old March 9th, 2007, 12:08 PM   #7
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I made a lot in the market in 06 based on the excellent national economy.
I lost a lot of equity in my home in 06 based on the horrible state economy.

I'd say over all I made more than I lost, barely.
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Old March 9th, 2007, 12:20 PM   #8
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I made a lot in the market in 06 based on the excellent national economy.
I lost a lot of equity in my home in 06 based on the horrible state economy.

I'd say over all I made more than I lost, barely.
..........According to the state for this year, nobody lost equity in their home, in fact we all get to pay 3.7% more in property taxes across the board.
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Old March 9th, 2007, 01:53 PM   #9
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..........According to the state for this year, nobody lost equity in their home, in fact we all get to pay 3.7% more in property taxes across the board.

yeah.

I just received my assessment. how the hell did my property value go up that much with the economy and housing market?
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Old March 9th, 2007, 02:35 PM   #10
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My assessmant didn't go up, for the first time in many years.

Overall I think my net worth probably stayed about the same.
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Old March 9th, 2007, 03:15 PM   #11
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..........According to the state for this year, nobody lost equity in their home, in fact we all get to pay 3.7% more in property taxes across the board.
I'll tell my real estate agent that when I get laid-off and have to sell my house.
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Old March 9th, 2007, 03:48 PM   #12
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yeah.

I just received my assessment. how the hell did my property value go up that much with the economy and housing market?

Mine too and I am tempted to fight it except that they might actually come and see all of the remodeling we have done :miff:
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Old March 9th, 2007, 03:53 PM   #13
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My net worth grew a little, I'm not sure of the percentage but it went from negative a few thousand to positive 8-10,000 so I feel that I am doing well.
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Old March 10th, 2007, 03:22 PM   #14
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In 06 my house lost a lot of value, but I divorced a loser who spent money like crazy and married a guy who brings in a decent income and loves to save.
You got divorced and married both within the same year? Wow. I'm glad things look better with new guy.



I took a $15K pay cut in '06 to get into a job I really enjoy. Our savings is about the same, but I added a couple rare Jeeps to the collection. Overall, I'd say it's about the same, but we're starting improvements to our house (paying with cash), which will help.

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Old March 10th, 2007, 04:01 PM   #15
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I'd say that a fair statement, wife's sporting a '07 Caddy, I bought a new TJ off the car lot. Got my tax assement, they said my value went up, B.S.
there are a zillion house not selling here in the "OC" Oakland County, very bizarre!
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Old March 10th, 2007, 06:16 PM   #16
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2006 was about the best year I've had in the last 5 years! It still wasn't the greatest ever.
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Old March 10th, 2007, 08:50 PM   #17
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Originally Posted by clarkstoncracker View Post
yeah.

I just received my assessment. how the hell did my property value go up that much with the economy and housing market?
I was told by the Tribunal this spring that, the assessments would very for several reasons, but the Taxable value was going up the highest it has in several years..............because of a rate study that Lags approximately two years. The Tribunal is saying that 2003 was a banner year, and we are catching up now.
Of course they are not the ones who have to sit across that long table from the angry public.
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Old March 10th, 2007, 11:27 PM   #18
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yeah.

I just received my assessment. how the hell did my property value go up that much with the economy and housing market?
x2 Went up like crazy.
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Old March 11th, 2007, 12:39 AM   #19
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i have no net worth
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Old March 11th, 2007, 12:12 PM   #20
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Due to making decent salaries, no kids and smart business moves (like leaving ford's), we did bettar than average.
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