Property values in some Tulsa neighborhoods soar, others sink

In my area (Pearl) most homes are worth less now than in 1980. That is the truth. And we are close to downtown. A few high-dollar apts. have sprung up, but they are not helping the area much. I would like to move to Arkansas, but my property value won't let me sell.

This housing market sucks- the cheery newspaper articles are the same every year, regardless.

Do they own stock in a real estate company?

And Barney Franks and Dodd are the best thing that ever happened to Fannie And Freddie and the whole housing market has benefited from their wonderful service..........not.........but much the same talking points the Obama Regime has talked all the liberal media into saying.........

Yes let's see 61st and Peoria?

How have the homes around this area made out?

I read a print article in the World last week, that discussed Sen. Colburn's findings on the cause(s) for the 2008 financial meltdown. It alluded to banks and financial instituions being the culprits because of the way they used "mortgage" backed securities -- bundles of mortgages, bad mortgages mostly -- to hedge the tsunami of losses they knew they were going to face when the bottom fell out of the market.

Now, and this disappointed me greatly, what they didn't address was the real cause of the housing bubble in the first place: Clinton's liberal free-for-all housing give away to dead-beats! It was Clinton's HUD policies that built the card house that collapsed in 2008!

Did they mention the areas where the illegals move in? The property values are going down in those areas because the city ignores those in violation of city codes. There are single dwelling homes where 20 to 30 live in the same house.

Popeye: I know your opinion about former President Clinton's housing policies is a popular misconception in this part of the world, but it has been proven to be unfounded. In the interest of encouraging all thinking voters to seek and find out the truth surrounding the many complex issues which we American voters face today, I refer you to factual, researched, information about this particular issue, which can be found at:

(And just in case the TW filters decide to cut out my website reference, I have taken the liberty of cutting and pasting the most important paragraphs regarding your misconception about Clinton's housing policies being a main contributor to our financial crisis.)

Page 27 of the "Conclusions of the Financial Crisis Inquiry Commission:

"Finally, as to the matter of whether government housing policies were a primary
cause of the crisis: for decades, government policy has encouraged homeownership
through a set of incentives, assistance programs, and mandates. These policies were put in place and promoted by several administrations and Congresses—indeed, both Presidents Bill Clinton and George W. Bush set aggressive goals to increase homeownership.
In conducting our inquiry, we took a careful look at HUD’s affordable housing
goals, as noted above, and the Community Reinvestment Act (CRA). The CRA was
enacted in 1977 to combat “redlining” by banks—the practice of denying credit to individuals and businesses in certain neighborhoods without regard to their creditworthiness.
The CRA requires banks and savings and loans to lend, invest, and provide
services to the communities from which they take deposits, consistent with bank
safety and soundness.
The Commission concludes the CRA was not a significant factor in subprime lending
or the crisis. Many subprime lenders were not subject to the CRA. Research indicates only 6% of high-cost loans—a proxy for subprime loans—had any connection to the law. Loans made by CRA-regulated lenders in the neighborhoods in which they were required to lend were half as likely to default as similar loans made in the same neighborhoods by independent mortgage originators not subject to the law."

Hope this helps you, Popeye. It's unfortunate that much of what we read in the mainstream media today is not better explained or more completely documented, but sadly, the MSM is suffering from its own survival problems in a rapidly changing world, and they are doing the best they can, I suppose.

(Continued)

The Tulsa World "boosterism" may be well intentioned but it is poor journalism.

On a different note, people are moving out of Gang Land as fast as possible and nobody wants to move in. Gee, who might have guessed that? Someone alert Councilor Henderson.

property values on my neighborhood are rising per the chart by 50%, but the existing houses are not increasing in value. Tear down and infill with a 700,000 home and my home is now probably worth less than it was.

The TW's appraisal of the housing market doesn't seem to agree with what Zillow says.

I wonder if the the Tulsa country appraisers office has a vested interest (more tax revenues) by raising the appraisals of homes to above what the market value really is?

It just seems to me that over the years I've seen the Tulsa appraisers office lag way behind the actually market conditions. Going both up and down.

Almost the entire assessed value of our home is actually the lot, not the home.

Gretchen - my point is that your comment felt negative and derogatory against your neighbors because of their country of origin - as well as because they are negligent in maintaining their property. Anyone who follows your posts regularly is well aware that many of them are directed against others who are "different" in some way that you often seem to judge them for. You certainly do have the "right" to make any comments you choose of this nature - but I also have the right to state that I find them tasteless, bigoted, and generally unhelpful, more often than not.

Have you taken the time to meet and talk with your neighbors and enlighten them about how to maintain their lawns properly in the way that many (but certainly not all) of us Americans like to do? It is not so unusual for someone coming to live in this country from a country or culture that is very, very, different from ours simply not to know how or why we do things the way that we do them here in this country, and a welcoming, helping, hand from a local person is generally very well-received.

In my own experience living all around the world for more than 40 years, most people truly do want to adapt to local customs wherever they are - but they don't always know exactly how best to do those things.

Why don't you try meeting and talking with your neighbor quietly and patiently, explaining to him that you would be more than happy to show him exactly what he needs to do to maintain his property and his lawn, and then explain to him that learning to do this will not only make him more welcome in the neighborhood, it will also have the positive effect of raising both his - and your - overall property values.

My apologies for my negative reaction to your "help" query. I was clearly unhelpful myself, and obviously help is what you seem to need and want. I hope that you will make a new friend by reaching out to this neighbor, and that you are able to get your property values back up to where you would like them to be by offering him the benefit of your practical information and assistance.