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re: Real estate prices in other cities
Posted on 6/9/21 at 12:22 pm to AUHighPlainsDrifter
Posted on 6/9/21 at 12:22 pm to AUHighPlainsDrifter
I would assume rent prices are higher now as well
0
Posted on 6/9/21 at 12:35 pm to Dandaman
I can’t say we’re “getting rich” off our apartment here, but we bought in May 2020 into a brand new building. Since that time one apartment sold for 15% more than they initially paid for it. So that’s a good sign I guess.
Posted on 6/9/21 at 12:40 pm to YungFO
Do they lower the property tax rates when everyone’s values go up, or is it a Boone for local government entities?
Posted on 6/9/21 at 1:49 pm to Dandaman
My house's estimated value in NOLA is about 25% higher than when I bought it in 2018. Not sure what you are referring to. Hell had a friend sell a DSLD house for a 15% profit in middle of BFE Louisiana. Not sure what you are talking about.
Posted on 6/9/21 at 2:22 pm to Dandaman
quote:
Dallas and Denver are getting rich just owning houses
On paper only my guy. Unless you owned some real estate other than your primary home, sold it and took the cash, your home value growing like a friggin’ weed doesn’t do a ton for you except give the local assessor a reason to stick it to you in taxes.
Posted on 6/10/21 at 8:23 am to Dandaman
One thing I find ironic- People in Louisiana want their home value to increase and the Louisiana economy to improve but yet this board is full of people outsourcing mortgages (BETTER thread), financial advisors etc. If you want your local economy to thrive- invest local, keep your money local. You may save $500 with a call center lender but that is $500 is no longer available to sponsor your little league, local taxes, economic recirculation, etc. This state makes so much revenue in oil and gas but so much money leaves.
This post was edited on 6/10/21 at 8:28 am
Posted on 6/10/21 at 1:23 pm to TMFBB21
Bozeman is up 43% in one year. It’s nuts around here.
Posted on 6/10/21 at 1:32 pm to YungFO
quote:
I live in Dallas, and yes my home valuation is sky rocketing. But if I want to sell, I still have to buy another house in the area that is going through the same thing. So it really evens out unless I want to move away from Dallas.
Get you some land and a camper. Wait a couple of years.
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