Is the DFW real estate market cooling off? (Houston, Dallas: renting, condo)

[PRND321]

Originally Posted by BigDGeek

For the moment we're doing our own manual labor, which often means working outdoors for hours on end in 95+ temperatures. Basically, doing the exact same thing people accuse Americans of being "too good to do". And we're doing it for free after each of us working a full day at the office.

Stop it, you are killing jobs

[BigDGeek]

Originally Posted by mikestrong

Without the cheap labor you will see new housing be out of the range of 70% of the population. FYI. Most legal americans dont want to work in the heat for long hours even at increased pay. We have become soft and lazy.

Speak for yourself. DH and I sweated off about 20 lbs between the two of us working outside this weekend.

Originally Posted by PRND321

Stop it, you are killing jobs

No. If more people were like us and learned how to do more things themselves, we wouldn't have any need for cheap illegal labor. We're talking the talk AND walking the walk, and setting an example for other people in the neighborhood. If old farts like US can do it, your slim millennial butts can too.

[mikestrong]

Originally Posted by djslakor

And yet they just keep selling. I think your narrative lacks verisimilitude.

BECAUSE, the prices have not gone up like they would without cheap labor. I sell new homes. Cheap labor is still being used. If you go out and see homes being framed and built, look at who is doing them. Hispanic labor(aka cheap labor). Thats being true and real.

[mikestrong]

Originally Posted by bigdgeek

speak for yourself. Dh and i sweated off about 20 lbs between the two of us working outside this weekend.

lmao

[BigDGeek]

Originally Posted by mikestrong

lmao

Come over and help sometime. You don't get to just watch at our house...we put you to work.

[HP48G]

OK. amateur couples working on DIY renovations at home on their spare time is sure to make an impact on staffing crews for expansive soil stabilization works in residential and highway construction in North Texas.

[BigDGeek]

Originally Posted by HP48G

OK. amateur couples working on DIY renovations at home on their spare time is sure to make an impact on staffing crews for expansive soil stabilization works in residential and highway construction in North Texas.

I'm sure we're making no impact whatsoever on anyone's bottom line except our own.

[iberanon]

Some people just hate working Americans.

[PerryGreen17]

Originally Posted by BongoBungo

As a Gen X'er the real estate market was brutal even for me. The millennials really get the short end of the stick. For the past several decades, housing costs have increased as a proportion of income.
I work with a lot of young millennials and many of the ones making well above the median income can't afford to live anywhere near offices in the Irving or downtown Dallas business hubs (unless they are single without children). Some companies around here are having to transition to part time telecommuting or moving their office to Plano or McKinney just to attract young talent. If you look at neighborhoods in the exurbs like up in Celina, they are full of young families who can't afford to raise a family anywhere closer to the heart of the metroplex.

I understand your point about the exurbs. I live in Celina, and many of us could easily afford a nice, albeit older/smaller, house in Plano, Richardson, Carrollton etc. but actually prefer the more quiet and peaceful rural setting. Schools aren't quite as good as those in some of the other suburbs yet, but they're respectable with test scores that don't differ as much as one might expect. I work in Plano, and the wife works in Frisco. I understand that the location wouldn't work as easily for those working in Dallas, Irving, etc. With the perpetually increasing hustle and bustle of DFW, some families actually move to these areas out of preference.

[ThomasCrown]

Speaking for Frisco, at the $700k level and up, houses are still moving historically quickly if they are priced right for the sq footage and condition. Just had a neighbor go under contract last week and they received an offer for 98% of list and they took it. Less than two months to go under contract.