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re: Drudge linked, Economist on housing bubble: We never left the bubble, its bubble inception
Posted on 1/22/18 at 10:06 am to cokebottleag
Posted on 1/22/18 at 10:06 am to cokebottleag
I 100% believe this, because damn near every house being built in DFW is 2500 sqft + McMansion, 500k+ .
There's like zero inventory for first-time homeowners that/s not in the fricking ghetto.
There's like zero inventory for first-time homeowners that/s not in the fricking ghetto.
4
Posted on 1/22/18 at 10:24 am to 50_Tiger
quote:
There's like zero inventory for first-time homeowners that/s not in the fricking ghetto.
Which is why I wonder who are buying all of these homes?
Investors having been sitting on homes for years to create low inventory and drive up the prices. They are beginning to release them into the market at very high prices. Inventory is short so people are overpaying. Eventually it will come crashing down when they can't pay.
Posted on 1/22/18 at 10:30 am to 50_Tiger
quote:
2500 sqft
Is a McMansion now?
Posted on 1/22/18 at 12:34 pm to 50_Tiger
quote:
I 100% believe this, because damn near every house being built in DFW is 2500 sqft + McMansion, 500k+ .
There's like zero inventory for first-time homeowners that/s not in the fricking ghetto.
It’s pretty much the same for Houston except you are buying stucco townhouses built by the cheapest bidder. Come time to sell, the seller thinks of it as an investment and tries to sell it for a profit but the same house down the road cost less.
I am living in a duplex built in the 30s that is in better shape than many new built condos.
Posted on 1/22/18 at 1:02 pm to 50_Tiger
quote:This. As well as many wanna be yuppies are house poor keeping up with the Jones' filing bankruptcy for CC debt. The pull for them is the schools rankings. No one wants their kid in any other school as they go to soccer games for 3 year olds with their can't afford Gucci purses.
I 100% believe this, because damn near every house being built in DFW is 2500 sqft + McMansion, 500k+ .
There's like zero inventory for first-time homeowners that/s not in the fricking ghetto.
They are also using expensive daycares with 'waiting lists' like it is a freaking Ivey League college. The hospitals @ birth give them these uppity daycares numbers; and they are too stupid to shop or dare to be SEEN anywhere else. The expensive daycares are justifiable to them because their kids are learning (in spanish and english) like most used to in Kindergarten/1st grade.
This post was edited on 1/22/18 at 3:56 pm
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