D-FW housing market gets bad marks for soaring prices (Dallas: credit, homes)

[bencronin04]

Originally Posted by EDS_

1a. As of yesterday here are some important local lake levels in terms of percentage full of water........
Lavon - 87% - it'll be 90%+ by the weekend.

Lavon is actually 99% full unless I'm calculating it incorrectly....

Lavon Lake Water Level


Ok I see where you got the 87%....but I'm not sure how they are calculating 2.63 feet of 492 13%?

http://www.waterdatafortexas.org/res...dividual/lavon

[synchronicity]

Originally Posted by bencronin04

Lavon is actually 99% full unless I'm calculating it incorrectly....

Lavon Lake Water Level


Ok I see where you got the 87%....but I'm not sure how they are calculating 2.63 feet of 492 13%?

Water Data For Texas

My guess would be that those last 2.63 feet hold considerably greater volume than much of the bottom 50 or so feet (or whatever it is), since the lake is likely shaped a bit like a "bowl" with sloping wides. But again, this is a Wild-&ss Guess.

[Ishad]

Originally Posted by EDS_

1. There is one Texas city currently using, "toilet to tap" water recycling, Wichita Falls. So almost no one in Texas is drinking, "our wastewater".

I really wish direct/indirect potable reuse hadn't been branded "toilet to tap"

[USNomad]

Originally Posted by EDS_

1. There is one Texas city currently using, "toilet to tap" water recycling, Wichita Falls. So almost no one in Texas is drinking, "our wastewater".

1a. As of yesterday here are some important local lake levels in terms of percentage full of water........
Lavon - 87% - it'll be 90%+ by the weekend.
Lewisville - 91.8%
Ray Hubbard - 79.9%
Texoma - 94.2%
Lake Fork 91.4%
Ray Roberts - 89.6%

Our local drought has significantly eased.

I'm not for a moment claiming TX should relax and do nothing about long term water plans. We probably should spend a couple billion from the state's rainy day fund on desalination and fast track our plans for new lakes.

I agree, the much needed rain was pleasantly welcomed as the weather has been great the last few days (despite the tree allergens). And, I stand corrected, as the articles that I researched previously simply stated "Texas cities" are/will be using toilet to tap, and didn't single out "which" cities were currently utilizing this method of water supply. But more importantly, thanks for discussing this. Sometimes it seems that people forget about this topic when rejoicing over the cost savings of living in Tejas.

Originally Posted by EDS_

2. Yes the other guy paying $5,900 is a very good deal relative to the overall state imposed tax burdens in virtually every other state. Either take my word for it or get on the internet and prove to yourself that a state's overall tax burden is what really matters. I understand there is a pervasive fascination with TX' high property taxes. But one's total state imposed tax burden should be the focus.

I did research this and it appears that Wyoming is the best place for a low overall tax burden however, Texas does rank in the top tier. Personally, when i lived in my previous state, my income was about the same as in Dallas, however, my income, property, and a few other taxes were still under $5,900 per year which is why I wasn't sure if that was a good deal. But thanks for the observation.

Compared to most of the country, especially the coastal states/cities, yes, that is a great deal. All in all, Its been a good stay here, and I've had a good amount of "positives" that have allowed me to be well-positioned for the future.

[Transplanted99]

Originally Posted by EDS_

1. There is one Texas city currently using, "toilet to tap" water recycling, Wichita Falls. So almost no one in Texas is drinking, "our wastewater".

1a. As of yesterday here are some important local lake levels in terms of percentage full of water........
Lavon - 87% - it'll be 90%+ by the weekend.
Lewisville - 91.8%
Ray Hubbard - 79.9%
Texoma - 94.2%
Lake Fork 91.4%
Ray Roberts - 89.6%

Our local drought has significantly eased.

I'm not for a moment claiming TX should relax and do nothing about long term water plans. We probably should spend a couple billion from the state's rainy day fund on desalination and fast track our plans for new lakes.

Agree - best to prepare for the future (learn from California's lesson).

And, recycling might be economically, if one adds its value as an "insurance policy" for future droughts.

Originally Posted by EDS_

2. Yes the other guy paying $5,900 is a very good deal relative to the overall state imposed tax burdens in virtually every other state. Either take my word for it or get on the internet and prove to yourself that a state's overall tax burden is what really matters. I understand there is a pervasive fascination with TX' high property taxes. But one's total state imposed tax burden should be the focus.

Thanks for making sense. Too many want to compare apples, oranges and pears and ignore the big picture.

For many professions or higher payscale jobs, there is not a huge difference in pay vs the expensive east/west coast locations - not enough to make up for the cheaper cost of living in DFW region. So, for many, net after tax take home is bound to be higher.

[Laminate7]

It rained last night here in Frisco like a cow on a flat rock

supposed to rain next 5 days

we might be underwater soon lol

[shrapr]

Originally Posted by Laminate7

It rained last night here in Frisco like a cow on a flat rock

supposed to rain next 5 days

we might be underwater soon lol

We already are.

Lake Lavon

[ronaldemail1]

For me the basic question always is:

Where are all the jobs that sustain all the outrageous house prices?

Where are all the jobs that sustain so many car owners?

While it is true that Texas has a lot of employers. And a lot of good jobs.

The amount of jobs and the pay for this jobs do not justify the high housing prices.

Looks like the national housing bubble and car bubble will blow soon.

Maybe it is time for Texas to properly price everything based on supply and demand,
but not on speculation.

[Rakin]

Originally Posted by ronaldemail1

For me the basic question always is:

Where are all the jobs that sustain all the outrageous house prices?

Where are all the jobs that sustain so many car owners?


Maybe it is time for Texas to properly price everything based on supply and demand,
but not on speculation.

It is based on demand and supply.

Here, read this......

California medical giant McKesson looking at a major office move to Irving | | Dallas Morning News

[BLDSoon]

Originally Posted by Rakin

It is based on demand and supply.

Here, read this......

California medical giant McKesson looking at a major office move to Irving | | Dallas Morning News

It's really based on a shortage, one that existed long before any employers announced their plans....and yes, speculation (That demand will eternally go up due to all these employers )

The truth is the employers that are moving here won't have enough employees buying housing to carry this housing market. For some reason people think they do. A little too much excitement me thinks.

I guess that remains to be seen.