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Property values inside Houston's west side loop have more than doubled in 15 years
Posted on 5/7/20 at 1:24 pm
Posted on 5/7/20 at 1:24 pm
Will property inside the loop ever become affordable for the upper middle class again? I just don't see how so many homes can continue to increase in value and sell for $1+ million. 15 years ago it wasn't hard to find a home inside the loop that a upper middle class family could afford. You can forget about it now.
12
Posted on 5/7/20 at 1:28 pm to thadcastle
Have you looked at real estate in any other big city?
Posted on 5/7/20 at 1:28 pm to thadcastle
You sound poor
Posted on 5/7/20 at 1:30 pm to BayouBengal
Home values there are about to start dropping bigly.
Posted on 5/7/20 at 1:31 pm to thadcastle
It's not just the price of the home, it the ridiculous property taxes.
Posted on 5/7/20 at 1:33 pm to BPTiger
quote:
Home values there are about to start dropping bigly.
Wouldn't mind that
Posted on 5/7/20 at 1:34 pm to thadcastle
which side flooded?
Posted on 5/7/20 at 1:36 pm to Goldensammy
quote:
It's not just the price of the home, it the ridiculous property taxes.
I moved from inside the west side loop out to the burbs in Cypress a year ago. The property tax rates in the city aren't bad, especially when you consider we have no state income tax. The rates in Cypress are another story.
Posted on 5/7/20 at 1:37 pm to thadcastle
That's an annual ROI of 4.8%, which is well below historic stock market returns and falls squarely in the average annual home ROI of 3-5%.
So yeah. That's pretty typical.
So yeah. That's pretty typical.
Posted on 5/7/20 at 1:45 pm to thadcastle
What is property valued at inside the Baton Rouge loop?
Posted on 5/7/20 at 1:45 pm to xXLSUXx
quote:
That's an annual ROI of 4.8%, which is well below historic stock market returns and falls squarely in the average annual home ROI of 3-5%.
So yeah. That's pretty typical.
I think values have tripled in desirable hoods in the city. I know my house, or I should say my dirt, has nearly tripled in value in the Dallas Lakewood area.
Posted on 5/7/20 at 1:46 pm to Jack Daniel
quote:
What is property valued at inside the Baton Rouge loop?
-$350k
Posted on 5/7/20 at 1:50 pm to Zappas Stache
quote:
I think values have tripled in desirable hoods in the city. I know my house, or I should say my dirt, has nearly tripled in value in the Dallas Lakewood area.
yeah if I was in my current financial situation 15 years ago instead of 8th grade I would be shopping in West U right now. Posted on 5/7/20 at 1:57 pm to BayouBengal
quote:
You sound poor
this guy definitely cannot afford a million dollar house
Posted on 5/7/20 at 1:59 pm to Klark Kent
quote:
this guy definitely cannot afford a million dollar house
no I can not. It would be nice if I could but at least I a smart enough to not over extend myself and end up in debt like most Americans. Posted on 5/7/20 at 2:01 pm to thadcastle
Property values in most big city urban cores are increasing. Also I would bet taxes in Houston are actually lower than in many of the newer Texas suburbs.
Posted on 5/7/20 at 2:01 pm to thadcastle
I bought in Shady Acres 3 years ago for $450 and my neighbor with pretty much the same house next door is listed at $539 and I expect they’ll get ~ $520ish. My kids daycare friend lives a mile away outside the loop in Oak Forest and their house has to be $1.2M cause I feel poor when I come home after being over there. It’s all about being zoned to the right schools in HISD.
The 1.2M house built 2 blocks over, same lot, similar floor plan is 800k when zones to the less desirable elementary or middle school.
The 1.2M house built 2 blocks over, same lot, similar floor plan is 800k when zones to the less desirable elementary or middle school.
Posted on 5/7/20 at 2:02 pm to Jack Daniel
Beats me why anyone wants to live inside the loop after age 30.
Posted on 5/7/20 at 2:05 pm to bopper50
quote:
Beats me why anyone wants to live inside the loop after age 30
If I didn't have children, I definitely would not have moved outside the loop. They have great restaurants and bars inside the loop. Also, the commute is great. Now that I'm living in the burbs, I don't know why someone with an empty nest would still live out here other than it just being home for the past 30 years. It seem crazy paying these taxes for schools you don't use anymore.
Posted on 5/7/20 at 2:07 pm to DestrehanTiger
quote:
If I didn't have children, I definitely would not have moved outside the loop. They have great restaurants and bars inside the loop. Also, the commute is great. Now that I'm living in the burbs, I don't know why someone with an empty nest would still live out here other than it just being home for the past 30 years. It seem crazy paying these taxes for schools you don't use anymore.
Agreed much better social scene for people who don't like just sitting at home and the commute is 10 times easier.
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