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Old 07-23-2015, 01:55 PM
 
4,231 posts, read 2,539,642 times
Reputation: 2207

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Prices are going crazy!!!

Rents too!!

OMG

 
Old 07-23-2015, 02:08 PM
 
Location: Dallas, TX
2,828 posts, read 3,385,586 times
Reputation: 1815
Quote:
Originally Posted by gocubs418 View Post
I think you answered this. The poster is obviously one who possesses magical powers, may or may not be a Wizard or an Alchemist..... we will never know.
Do you have a difficult time following threads? I followed up the posts....

http://www.city-data.com/forum/40406487-post68.html

http://www.city-data.com/forum/40406313-post66.html
 
Old 07-23-2015, 02:17 PM
 
Location: Prosper
6,268 posts, read 12,101,075 times
Reputation: 9325
Quote:
Originally Posted by bencronin04 View Post
Do you have a difficult time following threads? I followed up the posts....

http://www.city-data.com/forum/40406487-post68.html

http://www.city-data.com/forum/40406313-post66.html
The homes you posted do not meet their school ranking criteria. For high schools, those homes you posted were rated a 6 for high school.
 
Old 07-23-2015, 02:31 PM
 
Location: Dallas, TX
2,828 posts, read 3,385,586 times
Reputation: 1815
Quote:
Originally Posted by MckinneyOwnr View Post
The homes you posted do not meet their school ranking criteria. For high schools, those homes you posted were rated a 6 for high school.
Here's one....goodness

21W300 Briarcliff Rd, Lombard, IL 60148 - Home For Sale and Real Estate Listing - realtor.com®
 
Old 07-23-2015, 02:40 PM
 
Location: Nashville, TN
1,894 posts, read 1,077,482 times
Reputation: 1519
Quote:
Originally Posted by MckinneyOwnr View Post
The homes you posted do not meet their school ranking criteria. For high schools, those homes you posted were rated a 6 for high school.
That's exactly right. They were also 60-90 minutes outside of Chicago.

This is why people are migrating from places like Chicago to Dallas: shortened commutes, much lower property costs for comparables, no state income taxes, etc. And we'll be driving up the prices because we're still saving a fortune even paying $50k above ask.

I don't foresee the prices leveling out until that gap closes more, and the prices in Dallas are slightly above the national average.
 
Old 07-23-2015, 03:55 PM
 
82 posts, read 188,681 times
Reputation: 45
I just purchased in the historical district between Lower Greenville and Deep Ellum... sticker shock was unbelievable. I downsized by 700 s.f. and paid nearly double in comparison to my house in Corpus Christi. And the agents all kept saying "Welcome to Dallas"
 
Old 07-23-2015, 05:03 PM
 
11,671 posts, read 21,231,508 times
Reputation: 10057
Quote:
Originally Posted by produrre View Post
I just purchased in the historical district between Lower Greenville and Deep Ellum... sticker shock was unbelievable. I downsized by 700 s.f. and paid nearly double in comparison to my house in Corpus Christi. And the agents all kept saying "Welcome to Dallas"
Did you really think that the COL in one of the most expensive parts of the DFW metroplex (the 4th most populated metro area in the US) would be similar to the tiny regional town of Corpus Christi? DFW has suburbs larger than Corpus! If so, that's your own fault for having such unrealistic expectations.

If you wanted to pay the same $/SF as Corpus, you live out in a cbeap zsiburb, not in one of the hottest city neighborhoods.
 
Old 07-23-2015, 06:28 PM
 
3,094 posts, read 1,716,572 times
Reputation: 3264
Quote:
Originally Posted by J.Thomas View Post
Prices are going crazy!!!

Rents too!!

OMG
Yes, as a renter, I dislike rising rents.
 
Old 07-24-2015, 05:20 AM
 
Location: Lancaster, TX
1,463 posts, read 3,249,110 times
Reputation: 2180
Default Article and map of 2015 price trends

Scorching Dallas-area home prices mean tough summer market for buyers | Dallas Morning News
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Moderator for the Dallas, Fort Worth, Toledo & Shreveport-Bossier City forums.
Helpful Links: Terms of Service (TOS) | FAQ Forum | Realtor Advice
 
Old 07-24-2015, 09:45 AM
 
1,162 posts, read 2,000,824 times
Reputation: 639
Quote:
Originally Posted by Ultrarunner View Post
The thing with Property tax is it just happens and the amount of increase can be quite a shock...

To pay Income Tax I have to have income...

To pay Sales Tax I have to make a purchase...

Property Tax is really a wild card... it can be unpredictable and I do feel for those that go on just living their lives in a modest home in an area with rising prices because unless you are selling... what good are rising prices.

Dallas Home are increases meaning there is more demand than supply... not everyone in Dallas is looking to cash out and move... so the increased value is also an increased burden.

I've been though similar in Washington State... my Property tax assessment went up 80% above what I had paid for the place 18 months prior and it was a regular sale and the home had been on the market for a long time...

To those that say appeal is always an option... yes... but, who needs to spend their time in a series of appeals???

Just my thoughts.
Agreed.You make a very good point about property tax vs income tax.It will certainly be interesting to see what happens with home prices in the "hot" areas of DFW in the next few years.
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