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Old 05-14-2024, 09:49 PM
 
120 posts, read 112,311 times
Reputation: 126

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Looking for market with most appreciation but Celina is already overpriced and Rhome is cheaper. However, there’ll be a DNT expansion soon and Celina may blow up in growth like Frisco did.

But would Rhome be a good alternative to Celina too?

Working remote so commute not a problem.
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Old 05-14-2024, 11:07 PM
 
1,456 posts, read 1,504,611 times
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Very very different cities. My guess is Celina has more potential. Collin county has been very popular, likely access to more demand drivers. Probably closer to almost every other amenity you might want.

Rhome is probably a lot more rural. In my opinion less demand drivers, less amenities, worse drive times.
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Old 05-15-2024, 07:07 AM
 
1,398 posts, read 1,073,724 times
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Assuming your Asian, Rhome is not for you.
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Old 05-15-2024, 07:45 AM
 
Location: Kaufman County, Texas
11,881 posts, read 26,961,970 times
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Rhome is great if you'll be working at Alliance. If you're working anywhere to the east of Grapevine, then it's a no-go due to the heavy traffic.

Celina will definitely be the more upscale suburb in the long run.
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Old 05-15-2024, 07:47 AM
 
98 posts, read 72,663 times
Reputation: 179
what is your goal? if everyone knew the answer to this question we'd all be rich.

"soon" is 3.5 years if you are lucky (end of '27) and stays on track and that's only phase 4A, the portion to FM 428. they just started moving that dirt last month.

Celina will be "safer and more steady" purchase because of the DNT and proximity to Frisco and legacy west. are you talking appreciation on dollars or percentage? a house in Rhome will be cheaper today than a Celina equivalent.

but what's the math on your interest expense and principal paydown under each scenario? If it doesn't matter where i live, i would chase the place that offers the house i like for the lowest payment so that i could pay down the most principal. interest saved is real vs a hypothetical appreciation. if you are paying cash - just live where you want and enjoy the appreciation when it hits.

700k Celina - 20% increase = 140k
600k Rhome - 20% increase = 120k
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Old 05-15-2024, 10:44 AM
 
120 posts, read 112,311 times
Reputation: 126
Quote:
Originally Posted by tmtex View Post
Assuming your Asian, Rhome is not for you.
What makes you assume this?

Rhome Reunion has many South Asians living there already
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Old 05-15-2024, 11:08 AM
 
1,398 posts, read 1,073,724 times
Reputation: 2572
Quote:
Originally Posted by JlkajwlNsn View Post
What makes you assume this?

Rhome Reunion has many South Asians living there already
Well great, never seen that. I am going by that it can go more on the country side, not totally developed yet
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Old 05-15-2024, 04:31 PM
 
5,963 posts, read 4,229,465 times
Reputation: 7756
It's very hard to predict future appreciation by locale. Sometimes it's the new, hot area that appreciates....but sometimes those stats aren't telling the whole story because most of the new sales figures are new construction, not existing homes. I wouldn't move somewhere I didn't really want to live because I thought it would appreciate more. The rising tide lifts most boats a good bit, so pick somewhere you like.
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Old 05-15-2024, 06:20 PM
 
1,390 posts, read 1,106,103 times
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You've been asking the same thing the past year about these and other cities. What is your goal? Are you looking for an investment opportunity or a place to call home?

Where do you live now, and are you happy there?

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Old 05-15-2024, 06:55 PM
 
Location: Dallas, Texas
4,443 posts, read 6,328,174 times
Reputation: 3840
Celina is going to blow up which means the return on investment will be better.
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