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Old 03-26-2013, 04:41 PM
 
11,675 posts, read 21,250,268 times
Reputation: 10069

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Quote:
Originally Posted by Jasmine0 View Post
Only thing that made this article interesting was the fact that people who'll buy these houses can afford to build brand new Super McMansions but still they see no harm in buying older homes unlike most posters here.
Not so fast- Many of the people on this list DID build their own homes (Mitchells, Cubans, Fords, Muses, Andrews, Rachofskys, Fikes, Huddlestons, Roses, Dundons, several Hunts, etc). I have watched many of them go up over the years. Just because they didn't build them this year doesn't mean they bought an older home.

One correction though- people like you or me have a "McMansion" budget. These people have true mansion budgets and the means to hire the best "starchitects" to design them (Antoine Predock's HP home for the Roses or formerly on this list, Richard Meier's home for the Rachofskys that they donated to the DMA).
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Old 03-26-2013, 04:54 PM
 
162 posts, read 241,373 times
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Not the ones who built these, I was talking about the ones who'll buy these for multimillion. They have all the ability to start fresh.
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Old 03-26-2013, 05:01 PM
 
11,675 posts, read 21,250,268 times
Reputation: 10069
Quote:
Originally Posted by Jasmine0 View Post
Not the ones who built these, I was talking about the ones who'll buy these for multimillion. They have all the ability to start fresh.
You're contradicting yourself. Of course there is a market for resale, but a good number of these people do choose to build their own. No big deal, either way. Someone getting the Lacerte-Warren house "used" is getting a helluva much better built and better designed & finished home than xyz subdivision in Frisco/ Allen/ etc....of course they are! It's a home that cost $500/SF+ to build vs $100/SF.
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Old 03-26-2013, 06:06 PM
 
162 posts, read 241,373 times
Reputation: 74
I wasn't contradicting myself. Those buyers don't see the stigma attached to pre existing homes in lower budget housing market of DFW. They see a good house at a good location for a good price and they buy it because they obviously don't have mental reservations about buying used houses.
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Old 03-26-2013, 06:10 PM
 
Location: Texas
42,237 posts, read 49,796,479 times
Reputation: 67042
Quote:
Originally Posted by TurtleCreek80 View Post
At least a new home's value doesn't plummet 40% the second your movers cross the threshold
Neither do cars...not these days.

2011 RX $39000
2013 RX $46000
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Old 03-26-2013, 06:33 PM
 
11,675 posts, read 21,250,268 times
Reputation: 10069
Quote:
Originally Posted by Jasmine0 View Post
I wasn't contradicting myself. Those buyers don't see the stigma attached to pre existing homes in lower budget housing market of DFW. They see a good house at a good location for a good price and they buy it because they obviously don't have mental reservations about buying used houses.
You simply cannot keep comparing the billionaires and hundred millionaires on this list with the average home buyer in DFW. Many who are buying new out in the burbs WOULD probably be open to a "used" 2006 or 1996 home in HP or PH if they were shopping with a $5M++ budget. I don't think people are necessarily focused on new, they just want something they perceive as "nice" and not in need of update. If I were shopping with a non-HPISD budget, I would choose Plano for its schools but it would kill me to live in the god-awful 1970-1980's homes in W Plano and throw $100k at it to update it. I totally understand why people choose the nice, new (ie, not dated) homes that are further out. Theycosr the same and they are a much "easier" buy.

The catch - which you don't seem to get- is that 99% of these 100 homes are not "dated". Even the oldest ones on the list like Tom Hick's Crespi Estate have been completely gutted & remodeled like new (by Peter Marino, no less, for the Hicks) within the last 10 years. The have charm on the outside but live like 2013 on the inside, complete with amazing gourmet kitchens, media rooms, home office space, etc.

Most people enjoy not living in a decrepit home. Old homes cost a lot of money to maintain, as much as I love fhe 4 I've lived in (built 1930-1950). These folks have the money to maintain these homes and dump $500k or whatever into them every 5-10 years as their decor tastes change and home living tends change. The average joe buying the average $250k home in DFW doesn't have that luxury and so they continue to buy new to enjoy the same ease of care/ maintaince. It's not that hard to understand.
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Old 03-27-2013, 09:23 AM
 
1,637 posts, read 3,477,638 times
Reputation: 1020
Is it just me or do all these homes seem tacky and somewhat lacking of character? I'd take a $400k house over 90% of the homes on this list.
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Old 03-27-2013, 09:24 AM
 
Location: Dallas, TX
2,828 posts, read 3,388,872 times
Reputation: 1815
Not at all. Just take the #1 home. What would define "character" to you, small and charming? Yea, thats not going to make the list.
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Old 03-27-2013, 09:51 AM
 
1,637 posts, read 3,477,638 times
Reputation: 1020
Maybe I'm just not a fan of the architecture. The majority appear to me to be French chateau style. Stuffy and sterile. No modern homes? Are there any MCM homes in Dallas? I'll take L.A. mansions over Dallas mansions any day.
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Old 03-27-2013, 09:55 AM
 
172 posts, read 288,940 times
Reputation: 67
To be honest I won't say no to any mansion but some of these are actually pretty nice.
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