Re:The price of solar power just fell 50% in 16 months
by TheIronYuppie on Tuesday May 03, 2016 @03:11PM
(#11623367)
Appraisals are not strictly tied to price of homes. Only the value for the loan. That's not to say you're not going to associate the two together (if you're buying a house with a loan), but the $30k one way or the other isn't a huge percentage of a 30 year loan.
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Re:The price of solar power just fell 50% in 16 months
by up_and_up on Tuesday May 03, 2016 @03:17PM
(#11623420)
Depends on where you buy. A 200K home in the midwest, 30K is a big percentage. The assumption being made here is that investing in solar automatically raises the value of the home. I am saying not necessarily. The example above was an appraisal in Madison WI, which, though in the midwest, definitely has plenty of solar installs.
Re:The price of solar power just fell 50% in 16 months
by nradov on Wednesday May 04, 2016 @09:32AM
(#11628165)
Appraisals are supposed to be strictly tied to the price of homes. The appraisal shows how much the property would probably sell for on the open market today. The loan amount doesn't even show up on the report.