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Old 05-31-2007, 08:06 PM
 
Location: West Bloomfield
418 posts, read 1,609,911 times
Reputation: 128

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Quote:
Originally Posted by socketz View Post
Go easy on me khfar ;-)

LOL!! Nothing wrong with Plano, my friend. Some of my best friends live there.
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Old 05-31-2007, 08:52 PM
 
3,035 posts, read 13,023,329 times
Reputation: 895
I like Plano and will miss it when I leave. I am ready for a change though.
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Old 05-31-2007, 08:56 PM
 
Location: Lake Highlands (Dallas)
2,395 posts, read 7,608,923 times
Reputation: 1033
Quote:
Originally Posted by socketz View Post
This map from a recent issue of Big D seems to agree with the numbers presented in this article:

http://www.dmagazine.com/Media/Media...HomePrices.pdf
I think we had discussed that article before - but again, it doesn't show same-home price increases - teardowns and new builds will skew those statistics.
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Old 05-31-2007, 08:57 PM
 
Location: Lake Highlands (Dallas)
2,395 posts, read 7,608,923 times
Reputation: 1033
Quote:
Originally Posted by socketz View Post
I like Plano and will miss it when I leave. I am ready for a change though.
How long did you live in TX?
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Old 05-31-2007, 09:04 PM
 
3,035 posts, read 13,023,329 times
Reputation: 895
It shows median home prices. The argument is that in new areas the old homes never appreciate but the new homes being bought and sold are just more expensive. I know several that live in the higher % areas and know firsthand that's not always the case. Teardowns are probably more of a median home increase factor in uptown than new construction areas. With the exception of maybe historic areas like downtown Mckinney, restorations of old 1800s homes probably skews that area because beyond these restorations on the east side are low cost older homes.
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Old 05-31-2007, 09:05 PM
 
3,035 posts, read 13,023,329 times
Reputation: 895
Quote:
Originally Posted by lh_newbie View Post
How long did you live in TX?
Not moving out of TX. Just out of the apartment into a house that's being built about 12 miles north.

Looking forward to finally getting settled in. I think at that point it will feel more like home here. For some reason now I still feel transient. Odd feeling that I haven't experienced for 20 years. Relocations are tougher than most think. Lots of things occur mentally that you can't really plan for...
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Old 06-01-2007, 06:58 AM
 
Location: Lake Highlands (Dallas)
2,395 posts, read 7,608,923 times
Reputation: 1033
Quote:
Originally Posted by socketz View Post
Not moving out of TX. Just out of the apartment into a house that's being built about 12 miles north.

Looking forward to finally getting settled in. I think at that point it will feel more like home here. For some reason now I still feel transient. Odd feeling that I haven't experienced for 20 years. Relocations are tougher than most think. Lots of things occur mentally that you can't really plan for...
Congratulations on the house! Home ownership is a very nice thing. Not having your rent go up, not thinking abuot the next move... both things that are very nice. Let us know when you get settled in and PM me an address, I'll drop off a bottle of wine for the house warming gift.

Moving is brutal - when I moved here from Michigan, I knew just my brother - and he lived on the other side of the metroplex. It was tough, but I am definitely glad I did it - especially seeing the unemployment rate in Michigan and that it has a much less vibrant IT industry.
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Old 06-01-2007, 07:55 AM
 
Location: Topeka, KS
1,560 posts, read 6,457,265 times
Reputation: 487
Quote:
Originally Posted by Lakewooder View Post
Oh well that's not much compared to the $45,000 increase they put on one of my houses which was just revalued before...
Just out of curiosity, what kind of percentage increase is that for you? I took a very unscientific look at Meadow Lake and Wabash just west of Shore and found homes ranging from $301,000 to $726,000. A $45,000 dollar increase would run from 17.5% to 6.6% depending on the property. Either way it's a good increase if you plan to sell and a bit more difficult to swallow if you're planning to stay. (Other than as an indication that the neighborhood is doing well.)
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Old 06-01-2007, 02:08 PM
 
16,092 posts, read 35,788,600 times
Reputation: 6264
Actually I hadn't opened all my reappraisal letters because I was afraid to look - I knew I would be filing protests so I opened them after that post. The 5 year percentage increases are (rounded off): 125%, 124%, 123%, 121%, 118%, 115%, 109%, 102%, 88%, 81%, 65%, 48% and 43%.

Looking on the bright side, the DCAD says my net worth just went up about 7 - 800 grand. On the dark side, I'm gonna have to raise rents or sell to the builders.
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Old 06-01-2007, 02:31 PM
 
Location: Topeka, KS
1,560 posts, read 6,457,265 times
Reputation: 487
Thanks. I guess you've taken the investment approach to real estate then, with what, 13 properties? You could sell one to cover the others, but that could quickly descends into a vicious circle.
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