Average home price: Dallas city $500,000, Austin city $597,000, Denver $791,000, San Diego $1,053,573 (illegal, stats)
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American middle-class just needs to work a little harder so they win the dozens of bids many of which hedge funds, wealthy elites buying homes as a hard asset and pension funds.
The average home equity gained in cities like San Diego and Denver the last year is about three times what the typical job in those cities pay before tax.
Interesting how there are 2 million more vacant housing units than 2000 but yet there is massive scarcity of homes for sale.
I guess this is what happens when money supply goes from 3.9 trillion to 18.1 trillion in a year and ZIRP policies.
Nothing more than contrived sham to manipulate middle to upper-middle to buy, buy, buy and using the pandemic to do so.
San Diego average home price up 160,000 in a year!
Denver average home price up 154,000 in a year!
Dallas up 28% home price
Galveston, TX up 44% home price
And will only get worse as these illegal border crossers are dumped into local cities and economies winding up with subsidized/third party money for housing which turn will drive up rents and houses. Throw in those that can't wait to get out of their apartment let alone city the pricing ladder will continue to go up.
Home prices aren't the only thing going up wait until hyperinflation hits due to the national debt.
Yeah, my USED car went up in value significantly since last year, with more wear and tear and mileage. I think it’s pretty clear that somethin ain’t right.
And will only get worse as these illegal border crossers are dumped into local cities and economies winding up with subsidized/third party money for housing which turn will drive up rents and houses. Throw in those that can't wait to get out of their apartment let alone city the pricing ladder will continue to go up.
I have noticed apartment prices are much more stable recently than home prices.
Seems as though the 13 months of free rent if one had a lease before COVID-19 is causing huge upward pressure very recently.
I have trouble believing both that the Dallas figure is that high, and that the San Diego figure is that low.
DFW is an extremely hot and high priced market. We sold our home last year, height of pandemic, over asking, with multiple offers within days of listing. Texas is no longer the “huge house, low price” situation it once was.
DFW is an extremely hot and high priced market. We sold our home last year, height of pandemic, over asking, with multiple offers within days of listing. Texas is no longer the “huge house, low price” situation it once was.
No offense but why? Dallas, and most of Texas just doesn't seem all that desirable to me, unless someone is moving there for solely economic reasons. Dallas in particular doesn't really have any notable natural feature or amenity that would draw someone there.
That's the crazy thing about the housing market at this point. Even cheap, so-so places seem overvalued at the moment.
I would have put that figure at 6 billion times more desirable but ok.
Does your math account for the fact that you have to live with Californians to live in California? No? Well, there ya go.
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