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Old 07-29-2015, 01:35 PM
 
959 posts, read 1,014,297 times
Reputation: 604

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Quote:
Originally Posted by gocubs418 View Post
House is currently worth $45k over what I paid... If current trend continues, it should be worth $60k-$75k by the time I could move. Decent chunk of appreciation right there. Granted closing costs and all the other fees would eat away at it a bit.

I don't understand why such a sarcastic post. You sound a bit bitter.
Not bitter, I feel like it's a bit of an arrogant post

On a side note, $45k appreciation in 10 months? That sounds so wrong, where are you getting your numbers from? A professional?
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Old 07-29-2015, 01:42 PM
 
443 posts, read 339,594 times
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Quote:
Originally Posted by unknown00 View Post
Not bitter, I feel like it's a bit of an arrogant post

On a side note, $45k appreciation in 10 months? That sounds so wrong, where are you getting your numbers from? A professional?
How is this arrogant? Capitalism at its finest.

Some of that $45k is from negotiating a good price on a Spec home and them wanting to clear their books.
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Old 07-29-2015, 02:06 PM
 
959 posts, read 1,014,297 times
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Quote:
Originally Posted by gocubs418 View Post
How is this arrogant? Capitalism at its finest.

Some of that $45k is from negotiating a good price on a Spec home and them wanting to clear their books.
You didn't answer me, where are you getting $45k from? Not saying you are lying, but would love to know your address (or your neighbors) so us real professionals can tell you
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Old 07-29-2015, 02:53 PM
 
16,092 posts, read 35,788,600 times
Reputation: 6264
I'd try the east side of White Rock Lake off Garland Road. Lochwood is a beautiful area with huge trees, creeks and a rolling terrain. There are also a lot of mid-century homes there which are also increasing in demand, along with the location.

D Magazine agrees The Next Hot Dallas Neighborhoods - D Magazine
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Old 07-29-2015, 03:07 PM
 
Location: Prosper
6,268 posts, read 12,114,361 times
Reputation: 9325
Quote:
Originally Posted by unknown00 View Post
You didn't answer me, where are you getting $45k from? Not saying you are lying, but would love to know your address (or your neighbors) so us real professionals can tell you
A so-called "real professional" wouldn't think McKinney is underdeveloped and lame for not having as much retail as Plano.

A professional would probably also know who Centex is.

$45k appreciation in a year is entirely believable, especially if they bought it at about $20k under market value.
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Old 07-29-2015, 03:13 PM
 
959 posts, read 1,014,297 times
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Quote:
Originally Posted by MckinneyOwnr View Post
A so-called "real professional" wouldn't think McKinney is underdeveloped and lame for not having as much retail as Plano.

A professional would probably also know who Centex is.

$45k appreciation in a year is entirely believable, especially if they bought it at about $20k under market value.
Calling me out!

What does my opinion of McKinney being undeveloped have to do with anything? I think Garland is garbage, does that make me unprofessional too? Being undeveloped isn't necessarily bad, hell my partners and I developed/built over 100 luxury houses in McKinney

Sorry I don't know remember who Centex is. It was so long ago, do you expect me to remember everything? Plus, my partners and I were a custom home builder, I never focused on these volume builder back in the days, esp low end. It's only now in recent years as custom builders go out of business cause it's not a good ROI anymore

And to your third point, yea of course, if I got a house for free it would of "appreciated" a lot too
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Old 07-29-2015, 05:37 PM
 
Location: On the golf course
256 posts, read 515,939 times
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Quote:
Originally Posted by unknown00 View Post
hell my partners and I developed/built over 100 luxury houses in McKinney
What's the name of your company?
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Old 08-05-2015, 10:37 PM
 
Location: Dallas
200 posts, read 533,256 times
Reputation: 58
It is difficult..since your house appreciated, so did the others, esp in the $300k range. Dallas area saw an increase of 8.6% since last June on avg. I agree with PP about the capital gains taxes too, I wouldn't want to loose that by not residing there for at least 2 years.

GL!
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