Why house hunting in DFW is so difficult (Dallas: mortgages, loans)

[WorldKlas]

Originally Posted by L.A.2Orlando2Dallas

I waited out a bubble in Florida and bought a home for 60% less than peak pricing,now we're on the other side of that as homeowners I think it's time to cash out and rent for a couple years while the bubble pops here in Dallas.

While jobs are moving here the price boom isn't normal and will have to re-adjust ,it always does.

Did you even read the link at the top of this thread?

[L.A.2Orlando2Dallas]

Originally Posted by WorldKlas

Did you even read the link at the top of this thread?

Yes I did but I also know price increases are not sustainable,I'm putting my money where my mouth is (or in this case in my pocket)

[TurtleCreek80]

Originally Posted by L.A.2Orlando2Dallas

Yes I did but I also know price increases are not sustainable,I'm putting my money where my mouth is (or in this case in my pocket)

Your decision. But to not be able to discern between the mid 2000's bubble in Florida (where subprime mortgages and speculators were the bubble's root cause) and the mid 2010's in DFW (where one of the fastest growing populations in the US and massive job growth are driving prices up) is a major miscalculation, IMO. The current appreciation rates will settle down at some point, but it's going to take a national economic disaster for prices to actually decrease here.

[L.A.2Orlando2Dallas]

Originally Posted by TurtleCreek80

Your decision. But to not be able to discern between the mid 2000's bubble in Florida (where subprime mortgages and speculators were the bubble's root cause) and the mid 2010's in DFW (where one of the fastest growing populations in the US and massive job growth are driving prices up) is a major miscalculation, IMO. The current appreciation rates will settle down at some point, but it's going to take a national economic disaster for prices to actually decrease here.

I understand the dynamics are totally different but a bubble is a bubble is a bubble, everyone moving here or already here doesn't work at Toyota or have a salary of 100k+ eventually things will normalize they always do.

[Wrecked]

Originally Posted by WorldKlas

The most expensive real estate in Las Colinas actually IS in Iving ISD

Cottonwood Valley in Las Colinas is zoned to Iving ISD
Fox Glen in LC is in IISD
Windsor Heights is in IISD
University Hills is in IISD
The Enclave is in IISD

Either you don't know the geographic boundaries of the school districts or that of las Colinas. Yes there are some affluent parts of las Colinas in IISD. That said only a tiny percentage of Las Colinas is in fact IISD. And way more than 10 homes in Las Colinas are zoned Coppell. That statement leads me to believe you don't know what the geographic boundaries of Las Colinas actually is.

[TurtleCreek80]

Originally Posted by L.A.2Orlando2Dallas

I understand the dynamics are totally different but a bubble is a bubble is a bubble, everyone moving here or already here doesn't work at Toyota or have a salary of 100k+ eventually things will normalize they always do.

Have you tried to get a mortgage lately? They practically want blood and your first born child to approve financing.

[Wrecked]

I'd also like to add the tiny percentage of affluent white and Asian students in IISD do well. The IISD is lower performing because it has something like 87% low ses coupled with a high percentage of ELLs.

[WorldKlas]

Originally Posted by Wrecked

Either you don't know the geographic boundaries of the school districts or that of las Colinas. Yes there are some affluent parts of las Colinas in IISD. That said only a tiny percentage of Las Colinas is in fact IISD. And way more than 10 homes in Las Colinas are zoned Coppell. That statement leads me to believe you don't know what the geographic boundaries of Las Colinas actually is.

Much of Las Colinas is in the Carrollton/Farmers Branch ISD but the most affluent sections are in Irving ISD

Irving ISD attendance zone: Please note every affluent community in my earlier email is in the zone.

http://www.irvingisd.net/cms/lib010/...istrictMap.pdf


Coppell ISD boundry map (note only 11 houses in Hackbery creek are in the zone, and a section called Vistas) all other areas are NOT in Las Colinas.

https://www.google.com/maps/d/u/0/vi...I3yH4&hl=en_US

I have spent 15 years living in Las Colinas; you likely do not understand the school boundries and are you confusing Las Colinas with Valley Ranch?

[Wrecked]

Originally Posted by WorldKlas

Much of Las Colinas is in the Carrollton/Farmers Branch ISD but the most affluent sections are in Irving ISD

Irving ISD attendance zone: Please note every affluent community in my earlier email is in the zone.

http://www.irvingisd.net/cms/lib010/...istrictMap.pdf


Coppell ISD boundry map (note only 11 houses in Hackbery creek are in the zone, and a section called Vistas) all other areas are NOT in Las Colinas.

https://www.google.com/maps/d/u/0/vi...I3yH4&hl=en_US

I have spent 15 years living in Las Colinas; you likely do not understand the school boundries and are you confusing Las Colinas with Valley Ranch?

You may not recognize the actual western borders of Las Colinas but it goes further west than you are alluding to. You keep saying hackberry is the furtherest. That is incorrect. Tell that to Darling and highland and their$600-800k homes they are building on the western edge of las Colinas. All zoned Coppell ISD.

And yes there are affluent parts of las Colinas in IISD. I never said other wise. That small section is tiny compared to the rest of IISD. It may be the most expensive but what's your point. Much of the non IISD parts of las Colinas is $400k+. The majority of IISD is south Irving and in the lower $100k range. Much of Iriving ISD is low income housing and low income apartments. Those houses on the IISD tax rolls that are north of north gate are small in number compared to those south of Northgate. Going south of Northgate and property values start dropping rapidly going down more and more as you go south of 183. Go drive around the bulk of IISD and you will see why the district is performing where it does. That said two of their high schools(Mac and Singley) out perform most of their TEA peer schools.

[Wrecked]

Originally Posted by L.A.2Orlando2Dallas

I understand the dynamics are totally different but a bubble is a bubble is a bubble, everyone moving here or already here doesn't work at Toyota or have a salary of 100k+ eventually things will normalize they always do.

Will the price growth slow over time? Of course. Will prices drop to previous levels, not likely.