celina is no longer cheap (Dallas, Plano: sale, real estate, 2014)

[tisanqiu]

4-5 years ago, the price for new built in Celina is around $120/sqft, today you can hardly find any "decent" house pricing at less than $200/sqft, it is insane! even celina is no longer cheap, where else can we afford to buy in this market?

[Kenro911]

You can buy anything in Celina for 200K? Really? Did I miss a flash market crash?

[DFW_FTW]

5 years ago S&P500 index was at 2,271 and today it's at 4,662. That is an increase of 105%.

The new pricing you are seeing 5 years later is in line with market movement.

Dollar has lost purchasing power after being printed endlessly.

Inflation benefits those who hold assets.

You need to forget about new builds and look at fixer uppers for anything below $200,000.

https://www.redfin.com/news/housing-...price-january/

January is shaping up to be the most competitive month in housing history.

The median home sale price surged 16% year over year during the week ending January 9 to an all-time high of $365,000.


Money printer go brrrrrrr

[tisanqiu]

Originally Posted by DFW_FTW

5 years ago S&P500 index was at 2,271 and today it's at 4,662. That is an increase of 105%.

The new pricing you are seeing 5 years later is in line with market movement.

Dollar has lost purchasing power after being printed endlessly.

Inflation benefits those who hold assets.

You need to forget about new builds and look at fixer uppers for anything below $200,000.

https://www.redfin.com/news/housing-...price-january/

January is shaping up to be the most competitive month in housing history.

The median home sale price surged 16% year over year during the week ending January 9 to an all-time high of $365,000.


Money printer go brrrrrrr

lol
Celina is still in the middle of nowhere today, i can not even think of anything except farmland in Celina.

[tisanqiu]

Originally Posted by Kenro911

You can buy anything in Celina for 200K? Really? Did I miss a flash market crash?

that was just a few years ago, bro.
it is hardly believe housing price in Celina have doubled or tripled

[Wittgenstein's Ghost]

Originally Posted by DFW_FTW

5 years ago S&P500 index was at 2,271 and today it's at 4,662. That is an increase of 105%.

The new pricing you are seeing 5 years later is in line with market movement.

Dollar has lost purchasing power after being printed endlessly.

Inflation benefits those who hold assets.

You need to forget about new builds and look at fixer uppers for anything below $200,000.

https://www.redfin.com/news/housing-...price-january/

January is shaping up to be the most competitive month in housing history.

The median home sale price surged 16% year over year during the week ending January 9 to an all-time high of $365,000.


Money printer go brrrrrrr

The S&P and the housing market are not historically aligned, though. Since 1970, the S&P is up over 4000%, whereas Case-Shiller is only up 1000%. The last five years have been incredibly hot. They aren't just a normal market. In fact, i doubt there are many five year windows in history when one could find similar real estate appreciation.

Obviously the two jumps are driven by many of the same factors, but the mere fact that the S&P is up big doesn't imply real estate being up to a similar degree.

[TurtleCreek80]

Originally Posted by tisanqiu

that was just a few years ago, bro.
it is hardly believe housing price in Celina have doubled or tripled

It’s completely believable based on how quickly the development pace has picked up in Prosper. All that is rolling right up the tollroad to Celina. That drives land prices up, plus the same old construction cost increases are happening everywhere in the country due to supply chain backlogs & labor shortages.

[tisanqiu]

Originally Posted by TurtleCreek80

It’s completely believable based on how quickly the development pace has picked up in Prosper. All that is rolling right up the tollroad to Celina. That drives land prices up, plus the same old construction cost increases are happening everywhere in the country due to supply chain backlogs & labor shortages.

which new development in Celina do you think will have the greatest potential for appreciation?

[TurtleCreek80]

Originally Posted by tisanqiu

which new development in Celina do you think will have the greatest potential for appreciation?

I don’t know Celina well at all. Always a good bet to stay close to the DNT as that is where the commercial development is running north/south through Prosper, Frisco & points south. The most expensive neighborhoods coming up from Dallas all run along the tollroad….Highland Park, Preston Hollow, West Plano, West Frisco (Starwood, Chapel Creek, Newman Village), Prosper Windsong Ranch. Follow the money north.

[tisanqiu]

Originally Posted by TurtleCreek80

I don’t know Celina well at all. Always a good bet to stay close to the DNT as that is where the commercial development is running north/south through Prosper, Frisco & points south. The most expensive neighborhoods coming up from Dallas all run along the tollroad….Highland Park, Preston Hollow, West Plano, West Frisco (Starwood, Chapel Creek, Newman Village), Prosper Windsong Ranch. Follow the money north.

good points, thank you!