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re: Renting out house with mortgage
Posted on 1/18/19 at 2:20 pm to 50_Tiger
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%
1
Posted on 1/20/19 at 8:22 am to Jp1LSU
Jp, the only houses builders built were 350k+ and most of the true market in DFW can barely afford anything over 400k. They were trying to scoop up all the Fortune 500 money that screwed the market up. It’s correcting...slowly.
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