Hutto

[oldtoiletsmkgdflrpots]

I have a theory about why the property values are going up in the city. I think that people with lot's of money are buying up land and homes, turning them around into something they weren't.

It's like what happenend in the late 70's, early 80's. My parents bought a piece of land on a man made lake in the 50's. My Father built the house himself. It was a very small home but suited us just fine. The payoff being it was on the water. It was down a dusty old, dirt road. Most everyone around there had small homes because the lot's were very small.

Then, around the same time, (late 70's, early 80's) people were buying these small homes and paying good. Many times they demolished the small homes and built HUGE homes on these tiny little lot's. (lakefront property)

So my theory is anytime neighborhood's get old, or the homes in that neighborhood are foreclosed they can be sold, and turned into something new and shiny. Then, property values go up. Same thing happening in Austin?

Anyways...I remember when this thread started and I got defensive too about Steve and his case against rural, suburbia. I don't know if it's real or imagined but I got defensive. I realize now I was stressing and was defensive about many things.

Oh well, maybe none of this makes sense. It probably won't make sense to me either when I read it tomorrow, cuz I'm not re-reading tonight. I'm going to sleep.

I too laughed when they told us what we were qualified for when purchasing a home. I even spent some time looking at those 200K homes and even higher. That was a trip. I became rather delusional. I'm happily back down to earth now and I'm so thankful our real estate person didn't listen to me all the time or I do believe we would be in trouble. I laugh about it now thank goodness. I'll just be glad when we all get there. Soon now, in June.

Well, off to bed. I'm going to try and sleep now but we just watched Six Pounds with Will Smith and I'm emotionally distressed. I wish I wouldn't have watched it...I can't shake it. ARGH! I'm vowing to be a better person starting now. (wonder how long that will last)

And I don't care what the appraisers say at the moment...let em say all they want.

[love roses]

I still get defensive because of the "We're better than you because we live IN Austin" vibe I get off of some of the posts.

[oldtoiletsmkgdflrpots]

Originally Posted by love roses

I still get defensive because of the "We're better than you because we live IN Austin" vibe I get off of some of the posts.

Hi loveroses. Now you did it! You posted so I cannot delete or edit. It's morning now and I see why I should not post at night, (well, probably should not post at all


Yah, I don't like it either when people dis Hutto, the burbs, or rural. We can't wait to get to our home where the Hustlin Hippo's are!! And I will get one of those cement hippos to put in the yard! I think it's going to be good for all of us there.

Ever since we found out we're moving and I've been telling people here I have never, (not once) heard anyone say one single negative thing about Texas or Austin. (well, except for the heat and I certainly can't say I'm not enlightened about that)

So y'all have sumthin good goin for ya there in Texas, Austin and surrounding areas.

[mimimomx3]

Originally Posted by oldtoiletsmkgdflrpots

I have a theory about why the property values are going up in the city. I think that people with lot's of money are buying up land and homes, turning them around into something they weren't.

It's like what happenend in the late 70's, early 80's. My parents bought a piece of land on a man made lake in the 50's. My Father built the house himself. It was a very small home but suited us just fine. The payoff being it was on the water. It was down a dusty old, dirt road. Most everyone around there had small homes because the lot's were very small.

Then, around the same time, (late 70's, early 80's) people were buying these small homes and paying good. Many times they demolished the small homes and built HUGE homes on these tiny little lot's. (lakefront property)

So my theory is anytime neighborhood's get old, or the homes in that neighborhood are foreclosed they can be sold, and turned into something new and shiny. Then, property values go up. Same thing happening in Austin?

Anyways...I remember when this thread started and I got defensive too about Steve and his case against rural, suburbia. I don't know if it's real or imagined but I got defensive. I realize now I was stressing and was defensive about many things.

Oh well, maybe none of this makes sense. It probably won't make sense to me either when I read it tomorrow, cuz I'm not re-reading tonight. I'm going to sleep.

I too laughed when they told us what we were qualified for when purchasing a home. I even spent some time looking at those 200K homes and even higher. That was a trip. I became rather delusional. I'm happily back down to earth now and I'm so thankful our real estate person didn't listen to me all the time or I do believe we would be in trouble. I laugh about it now thank goodness. I'll just be glad when we all get there. Soon now, in June.

Well, off to bed. I'm going to try and sleep now but we just watched Six Pounds with Will Smith and I'm emotionally distressed. I wish I wouldn't have watched it...I can't shake it. ARGH!

It's called gentrification, and it's been around forever. It's what's happening in East Austin right now, and our government is behind it. Tax incentives for developers to go in, knock something down, build it up and then- ta da- a piece of property now with a magically increased assessed value (and the property taxes to go with it). The government is nothing more than a parasite, and needs to be drastically cut down to size.

[austin-steve]

It's called gentrification, and it's been around forever.

Yep, more specifically, it's called "location, location, location", which in turn drives demand and in turn land values. The high prices are a direct correlation of lot values reaching $300K to $500 due to their location. It's not really the houses that go up in value.