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Old 03-09-2020, 01:52 PM
 
1,315 posts, read 2,495,119 times
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A good read.Major economic stability is worth more than ever...

https://www.dallasnews.com/business/...e-place-to-be/
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Old 03-09-2020, 03:26 PM
 
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Interesting. The housing prices of Plano and Frisco leveled off after early 2018. With such stabilized prices, they should resist to the decreased home values led by the coming recession.
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Old 03-10-2020, 06:50 AM
 
Location: Texas
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Where I bought in Plano wasn't affected in 2008 (more's the pity), so I don't expect that to change.

Location, proximity, stability, tenure...these things help.
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Old 03-10-2020, 10:19 AM
 
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Almost nothing is recession-proof, and DFW as a whole is now a very different housing market than it has been during other recessions. Significant price gains during high times, which DFW has seen, are often met with price sluggishness or declines during the low times. But if we do have a recession, it will likely be different than other recessions, so I think it's anyone's guess. But I'm always skeptical of anyone who claims something like a housing market is truly recession proof.
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Old 03-10-2020, 03:56 PM
 
524 posts, read 389,102 times
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DFW is one of the top 3 most over-value house markets now in the entire USA so that makes sense that it's somewhat recession proof.

If recession hits and house prices either stay the same or go down a little then that's actually a good thing (if anything a recession would cause a needed stablization)
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Old 03-10-2020, 07:38 PM
 
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Quote:
Originally Posted by stan4 View Post
Where I bought in Plano wasn't affected in 2008 (more's the pity), so I don't expect that to change.

Location, proximity, stability, tenure...these things help.
All of Plano was affected but it was more like in 2009-2010. However the drop was relatively minor since the prices didn't go up much in the years before the crisis. The situation now is completely different due to the huge rise in prices.
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Old 03-10-2020, 07:47 PM
 
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Quote:
Originally Posted by mastershake575 View Post
DFW is one of the top 3 most over-value house markets now in the entire USA so that makes sense that it's somewhat recession proof.

If recession hits and house prices either stay the same or go down a little then that's actually a good thing (if anything a recession would cause a needed stablization)
Exactly my thoughts.
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Old 03-11-2020, 09:28 PM
 
Location: Texas
44,255 posts, read 60,308,736 times
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Quote:
Originally Posted by serger View Post
All of Plano was affected but it was more like in 2009-2010. However the drop was relatively minor since the prices didn't go up much in the years before the crisis. The situation now is completely different due to the huge rise in prices.
I bought in 2010 whilst shopping 2007-2010.
The inventory was low and almost every property we wanted devolved into a bidding war.
Location, location...
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Old 03-12-2020, 03:09 PM
 
Location: North Jersey to North TX
1,405 posts, read 1,029,309 times
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The question is, are we still recession proof after this pandemic hit?
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Old 03-12-2020, 03:40 PM
 
1,158 posts, read 803,647 times
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Quote:
Originally Posted by Capitalprophets View Post
The question is, are we still recession proof after this pandemic hit?
Well I guess we're about to find out....

We haven't had a good old fashioned pandemic in about a hundred years -- (1918 Spanish Flu.) This is uncharted territory.
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