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DFW is an extremely hot and high priced market. We sold our home last year, height of pandemic, over asking, with multiple offers within days of listing. Texas is no longer the “huge house, low price” situation it once was.
Don’t you live in TX?
jcp123 was responding to the OP.
The OP referenced the city of Dallas, not the DFW market overall.
jcp123 didn't say Texas is the huge house, low price situation it once was.
Yes, jcp123 lives in the Tyler area.
The average price of a home in the city of Dallas being 500k of not, and the DFW area being hot (high percentage increases) are two different things.
YES! LOL, like it or not, hordes of people don't require a fabulous view of the mountains and/or a short drive to the beach, in order to move to insanely fast growing big cities, such as Dallas. The same with Austin and San Antonio.
IMO, Austin's 'setting' is better than the DFW area, but I still prefer meandering/driving around the DFW area. Perhaps I just have bad luck/hit the streets at the wrong times but, to me, driving around the Austin metro is ugh/frustrating re the traffic/nature of the traffic.
Where I live a single family home can cost as much as 500k. It's ridiculous. I mean even a 75k house would be too much for me considering I'm not trying to stay here but I don't understand why it's like half the price of San Diego.
Then again why is San Diego still so much money as well? I thought everyone was trying to leave there because of fires or whatever and now there's a strict lockdown in CA? I doubt anyone is trying to move there as everyone who discovers that I'm trying to live there looks at me like I have two heads.
This needs to stop NOW... anyone owning more than 2 R-1 zoned properties should have to pay triple the property taxes on all of them. We can't have large corporations and wealthy investors buying up entire neighborhoods and renting them out. This puts a squeeze on the middle class.
No offense but why? Dallas, and most of Texas just doesn't seem all that desirable to me, unless someone is moving there for solely economic reasons. Dallas in particular doesn't really have any notable natural feature or amenity that would draw someone there.
That's the crazy thing about the housing market at this point. Even cheap, so-so places seem overvalued at the moment.
It's all in what you personally find desirable. Plenty of folks love Dallas and the amenities the city can provide and aren't really into the "natural features". Those who care about the "natural features" live in the parts of Texas that has them. I lived in the Texas Hill Country which is breathtakingly beautiful.
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Location: Pine Grove,AL
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Quote:
Originally Posted by StillwaterTownie
Awesome mountain views and a short drive to the beach. But that is why coastal California is so highly expensive. Much of the interior of the country is ruler flat with few trees and then you go to the ridiculously opposite to the extreme how cheap housing can be.
But by that logic, the only cities worth living in are on the coasts, or along the Rockies or Appalachians.
Quote:
Lots of houses in fading small towns where nobody wants to move to for under $100,000.
Honestly, its land that is expensive. You can go to home builder sites all day and fine models that they will build for less than 80,000.
This needs to stop NOW... anyone owning more than 2 R-1 zoned properties should have to pay triple the property taxes on all of them. We can't have large corporations and wealthy investors buying up entire neighborhoods and renting them out. This puts a squeeze on the middle class.
I'm ok with that but I'm thinking of unintended consequences or loopholes.
corporations setting up more shell corporations to get around it.
municipalities preferring corporations or people who have multiple properties for the extra tax revenue.
as an RE guy myself that has multiple properties each under it's own LLC, this would not impact me.
Well society tells you renting is worse than speeding in a school zone, so it's no wonder everyone thinks get a massive house is the key to all of our problems.
Supply and demand. Alot of people want to live in Denver, Austin, San Diego, and Dallas. There is a reason it's cheaper to live in Buffalo or Cleveland than in the aforementioned cities. There is a reason for this.
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