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Started By
Message
re: Buying a house in DFW
Posted on 4/16/16 at 7:28 pm to reb13
Posted on 4/16/16 at 7:28 pm to reb13
quote:
Sorry, should have clarified, no where people under 40 want to live.
Well, most younger people rent in Dallas.
Downtown
Uptown
Knox-Henderson
Deep Ellum
Bishop Arts
Addison
Vitruvian Park
The Village
Did I miss anything? Most of those places have great apartments for rent but I am not as familiar with the real estate market for purchase. Uptown is at least 300k for a basic apartment.
This post was edited on 4/16/16 at 8:12 pm
0
Posted on 4/16/16 at 7:32 pm to reb13
quote:
Sorry, should have clarified, no where people under 40 want to live.
Those places I listed are the hot spots for younger people. Lakewood is probably the most desirable place for all ages in Dallas. Kessler Park and areas around Bishop Arts are full of young people.
Posted on 4/16/16 at 7:33 pm to reb13
quote:
Try being 25 and trying to buy a house in Dallas, nothing liveable under 450k.
Rebeloke alter?
Posted on 4/16/16 at 7:34 pm to reb13
quote:
Sorry, should have clarified, no where people under 40 want to live
So where are you looking?
Posted on 4/16/16 at 7:37 pm to Zappas Stache
quote:
Kessler Park
Problem with with KP is it's nice section surrounded by the ghetto.
Posted on 4/16/16 at 7:40 pm to Drew Orleans
quote:
Peasant
There is a metric shite ton of money in Collin County.
Posted on 4/16/16 at 7:45 pm to Restomod
South of mockingbird, west of Abrams and east of the tollway. Obviously a pretty limited and popular area. Just sucks because in Atlanta you can find reasonable stuff in buck head.
Posted on 4/16/16 at 7:59 pm to Pelagic Patron
My wife and I are under contract right now on a townhouse in Oaklawn. Like someone else said, any decent place doesnt stay on the market longer than 2 days. We found an older place and will have to renovate. It's definitely a sellers market. I work in Addison but I love living in the city (Highland Park right now). If you look hard enough, you can find something south of Mockingbird that can fit in your budget. It just wont the be the million dollar home you're living next to.
Posted on 4/16/16 at 8:06 pm to reb13
quote:
South of mockingbird, west of Abrams and east of the tollway. Obviously a pretty limited and popular area. Just sucks because in Atlanta you can find reasonable stuff in buck head.
There is a lot of real estate in that zone under $450k. $250+ per square foot is not the norm.
There are still decent buys, you just have to do legwork to find the right communities. Uptown is littered with eighties construction in need of remodeling. East Dallas is loaded with opportunity. Many historic conservations with decent buys in need of a little TLC. You could get a decked out 3/2 bungalow in Junius Heights with a pool for $450k.
Posted on 4/16/16 at 8:13 pm to ChixDigScars
quote:
My wife and I are under contract right now on a townhouse in Oaklawn. Like someone else said, any decent place doesnt stay on the market longer than 2 days. We found an older place and will have to renovate. It's definitely a sellers market. I work in Addison but I love living in the city (Highland Park right now). If you look hard enough, you can find something south of Mockingbird that can fit in your budget. It just wont the be the million dollar home you're living next to.
Fighting the DNT / 635 traffic is unbearable. I would prefer to be a little farther south but I can't handle turning my 10-15 minute drive into a 45 minute drive each way.
Posted on 4/16/16 at 8:15 pm to The Third Leg
quote:
You could get a decked out 3/2 bungalow in Junius Heights with a pool for $450k.
Is that area not a bit sketchy? I had to look it up on Google Maps to know where this is located. It's close to Jimmy's Food Store which isn't in the cleanest area IIRC.
Posted on 4/16/16 at 8:15 pm to lynxcat
I work from 5am-2pm so I dont have to worry about traffic. An 8-5 would be a different story.
Posted on 4/16/16 at 9:05 pm to Restomod
quote:
Problem with with KP is it's nice section surrounded by the ghetto.
The whole area has been gentrified over the last 10 years. I own rental property down there in areas that used to be ghetto. No more though.
Posted on 4/16/16 at 9:13 pm to Zappas Stache
quote:
The whole area has been gentrified over the last 10 years. I own rental property down there in areas that used to be ghetto. No more though.
I agree there is new life but Oak Cliff is still Oak Cliff.
This post was edited on 4/16/16 at 10:30 pm
Posted on 4/16/16 at 9:32 pm to Restomod
quote:
but Oak Cliff is still Oak Cliff.
Oak Cliff is a huge area. Maybe half of the city of Dallas land mass. North Oak Cliff is one of the hot real estate markets in Dallas. There is a lot of new development going on there.....retail and residential. North Oak Cliff is full of young professional couples staring families. Honestly, Lakewood where I live is closer to high crime araes than North Oak Cliff.
Posted on 4/16/16 at 9:42 pm to lynxcat
quote:
Fighting the DNT / 635 traffic is unbearable. I would prefer to be a little farther south but I can't handle turning my 10-15 minute drive into a 45 minute drive each way.
Heard that.
Posted on 4/16/16 at 10:23 pm to Pelagic Patron
We bought in north lake highlands January 2015. Lots of well built houses and that area is really nice with the gentle hills and greenery. Houses under 450k don't stay on the market long though. We couldn't live way out, as I work downtown and the wife works near the galleria. Commutes less than 20 minutes.
Posted on 4/17/16 at 11:12 am to Restomod
Sarcasm
Posted on 4/17/16 at 11:31 am to lynxcat
Market hasn't peaked. There are still people moving to Dallas. Toyota crew hasn't even fully arrived since some of them were delayed to 2017.
____________________________________________________
This.........The issue is a lot of these companies that are moving their headquarters here like Toyota is that they are coming from California. An employee can sell their homes in Cali for a million or two & come here to the DFW area & pay cash for a newer, better home & have money left over. This is driving the market up even higher. I bought my townhouse in Oak Lawn in 2013 & a little under one year later the one next to me(same exact size) was bought & he paid $70K more than I paid in a cash sale. It is nuts here right now.
____________________________________________________
This.........The issue is a lot of these companies that are moving their headquarters here like Toyota is that they are coming from California. An employee can sell their homes in Cali for a million or two & come here to the DFW area & pay cash for a newer, better home & have money left over. This is driving the market up even higher. I bought my townhouse in Oak Lawn in 2013 & a little under one year later the one next to me(same exact size) was bought & he paid $70K more than I paid in a cash sale. It is nuts here right now.
Posted on 4/17/16 at 11:35 am to The Torch
quote:
$250,000 home = $2,500 mortgage + $666 +$185 = $3,351 Escow pmt per month
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