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re: Renting out house with mortgage
Posted on 1/17/19 at 11:41 am to baldona
Posted on 1/17/19 at 11:41 am to baldona
I know for a fact, North Dallas is starting to face issues with built McMansion neighborhoods sitting empty.
A few houses I have kept eye on have dropped 20k over the past 3 months. If the interest rate rises again, might see more McMansions empty.
A few houses I have kept eye on have dropped 20k over the past 3 months. If the interest rate rises again, might see more McMansions empty.
2
Posted on 1/17/19 at 2:14 pm to 50_Tiger
quote:
I know for a fact, North Dallas is starting to face issues with built McMansion neighborhoods sitting empty.
A few houses I have kept eye on have dropped 20k over the past 3 months. If the interest rate rises again, might see more McMansions empty.
Yep. I think building will continue but people just started to get stupid with their listing prices. Builders got stupid with how much they were charging, etc.
OP I'm not saying the market will be down in 2 years, I'm just not convinced its going to be up much more.
Posted on 1/18/19 at 2:20 pm to 50_Tiger
quote:
I know for a fact, North Dallas is starting to face issues with built McMansion neighborhoods sitting empty.
A few houses I have kept eye on have dropped 20k over the past 3 months. If the interest rate rises again, might see more McMansions empty.
Why is that? The wife and I were just looking at places in Frisco, Tx and they seemed cheaper than I expected. We would like a part of the year place. Here in Fl the state is up 7% in prices. Boca is up 20%
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