<p>That's pretty much the truth. They just issued a 10 billion dollar note. I read on the Economist that the record is Hungary, in 1946. It issued a note worth 10 000 000 000 000 000 000 units of its currency at the time. Hyperinflation really isn't pretty. At that point, the currency is virtually worthless. In Germany in 1923, housewives burned papiermarks for fuel, because they were worth less than firewood.</p>
<p>JOhnson, you are right in the fact that this thread is useless, because the "same" home's price tags would change from location to location. However, VA house prices are rising to crazy levels right now, much higher than Connecticut. Or at least it seems like it to me. But then again, I do live only an hour away from Washington D.C., so house are more sought after here.</p>
<p>the whole formula they use to come up with numbers is off. one of the properties it has near mine is valued on zillow at around 2 million, but was just listed at 14.7 million. </p>
<p>it looks like it's just bedroom/bathroom and then based on comps they use the square footage and guess what your property might sell for, it doesn't even look like they take lot size into consideration</p>
<p>Do you seriously believe that everyone would tell the truth? Besides, with the geographic differences, there is no comparisoin. My aunt and uncle have a house smaller than ours with way less land in Hawaii and it costs like 7x more.</p>
<p>About 100K too low according to recent comp sales. Then again they have my house as being 25 years older than it is and it also states that the last major upgrade was done way back in 1930.</p>
<p>I checked two local homes: ours and my best friend's. We were shorted a bedroom; they got an extra bathroom. Also, the estimate on my parents' home is off by about $500,00 or so, too. Plus, the site doesn't have them with the ocean as their front yard, which it is. So, accurracy's a little bit off. LOL</p>