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1
Posted on 8/28/23 at 3:38 pm to AllDayEveryDay
I moved there after college and nope’d out of there after a couple years. Just not for me and it seems like most of the things that are listed as positives (other than jobs) are fading away
Posted on 8/28/23 at 3:47 pm to Dragula
Here’s the problem, these conglomerates are killing the free market.
In fact, in 2021, did you know 28 percent of the homes purchased in Texas were purchased by large institutional buyers? That's the highest rate in the nation". Senator Bryan Hughes of Mineola says the state needs to understand how large corporations buying up single-family homes is affecting the housing market.
In fact, in 2021, did you know 28 percent of the homes purchased in Texas were purchased by large institutional buyers? That's the highest rate in the nation". Senator Bryan Hughes of Mineola says the state needs to understand how large corporations buying up single-family homes is affecting the housing market.
Posted on 8/28/23 at 4:04 pm to Paul Allen
quote:I don't think Remote work is going to have that much of an impact. I think maybe 15% of all jobs are remote and a lot of companies that let you work remote still require you to live with 90 miles of the office.
Good point, but with the proliferation of remote and work from home jobs, it’s going to be interesting to see how many of those jobs are actually going to be in Dallas or wherever the employee is located.
Posted on 8/28/23 at 4:09 pm to frankthetank
Are you in Westhaven?
Posted on 8/28/23 at 4:14 pm to GeauxTigers123
quote:
Anyone buy recently? Anyone got updates on current state of things
The supply of homes seems lower than 2021 but there’s less bidding wars. Higher rates has meant less buyers (and sellers) and crazy concessions.
If you want a new build in N Texas, further north like Anna is exploding. All those one horse towns in Collin and Denton county just getting gobbled up by the sprawl. Frisco was the first a couple of decades ago.
Posted on 8/28/23 at 4:17 pm to IAmNERD
quote:
It's getting like this everywhere. Last fall, my dad finally sold his late mother's house. It was shown 10 times in 3 days and the person who bought it, offered $7k over asking price to secure it. And this is in a town of 25,000 people. Market is insane right now.
What is causing all of this? Are there really just that many people in the USA now?
Posted on 8/28/23 at 4:24 pm to TejasHorn
quote:
getting gobbled up by the sprawl
Places like Prosper are nuts to me. Hardly anything there and every house is worth 600k and gone in a week. What the frick do these people do for a living? And WHERE? Do they commute all the way to Plano? Dallas? Insane
Posted on 8/28/23 at 4:36 pm to TejasHorn
I’m looking now. Prices seem to have stayed strong but staying on the market longer and more negotiable than in 2021z
Interest rates and mortgage estimates are insane and feels very hard to swallow with such recent low rates in our memory
Interest rates and mortgage estimates are insane and feels very hard to swallow with such recent low rates in our memory
Posted on 8/28/23 at 5:13 pm to PrecedentedTimes
quote:
Places like Prosper are nuts to me. Hardly anything there and every house is worth 600k and gone in a week.
That's every city in Collin County. ..
Posted on 8/28/23 at 5:28 pm to PrecedentedTimes
quote:
Hardly anything there and every house is worth 600k and gone in a week.
Oh but you should see the traffic!!!!
Posted on 8/28/23 at 5:29 pm to frankthetank
500-800 g for tear downs in bwood
Posted on 8/28/23 at 5:30 pm to Dragula
At what point does the growth stop? I mean it’s almost to the Oklahoma state line. Are areas west of Ft. Worth not as desirable as northern suburbs?
Posted on 8/28/23 at 6:31 pm to Paul Allen
quote:
At what point does the growth stop? I mean it’s almost to the Oklahoma state line. Are areas west of Ft. Worth not as desirable as northern suburbs?
The further north away from Collin the more it slows. Areas of Melissa, Anna which were small towns north are rapidly growing. It's quickly becoming the point that unless you want to attend a major sporting event/Concert , there is no need to venture to Dallas proper.
Burbs around Ft Worth are great as well, Keller, Grapevine, North Richlands Hills, Southlake. I think Collin gets a lot of press is because that's where many Headquarters are located, Cowboys training facility, etc.
This post was edited on 8/28/23 at 6:38 pm
Posted on 8/28/23 at 7:40 pm to Dragula
Plano/Frisco may very well become a larger city/anchor of commerce than the core of Dallas.
Prosper is interesting…it’s far north but you have these beautiful new developments still surrounded by farmland and the DNT isn’t even expanded yet (albeit it will be). I guess that’s what Frisco and Plano were like 20 years ago.
Prosper is interesting…it’s far north but you have these beautiful new developments still surrounded by farmland and the DNT isn’t even expanded yet (albeit it will be). I guess that’s what Frisco and Plano were like 20 years ago.
Posted on 8/28/23 at 8:17 pm to lynxcat
We moved to Wichita Falls 30 years ago and seems everything North of DFW was rural-as in farms and ranches and small towns.....well, not anymore. Montague County, well north of DFW has crazy money being tossed at Real Estate - no suburbs to speak of but nice stretches of property
Posted on 8/28/23 at 8:31 pm to Paul Allen
quote:
At what point does the growth stop? I mean it’s almost to the Oklahoma state line. Are areas west of Ft. Worth not as desirable as northern suburbs?
It pretty much is at the Stateline. All of those new chip factories are being built in Sherman. Commuting from Weatherford (west of Fort Worth) is almost impossible if you work near Dallas (where 60%+ of the metroplex jobs are) unless you don't mind a 2 hour commute.
I see a few scenarios. ----*Kaufman county will be the next big growth spot. So will Ellis to an extent.
* If you want to live in Collin or Rockwall County (where the best schools are), you're going to have to pay the premium or live in a denser neighborhood with a smaller house.
* Urban Dallas will need to build more apartments to keep single professionals in the city if they want to keep a check on sprawl.
* Don't really see this changing unless there's a huge recession or an economic shift to Fort Worth.
Posted on 8/28/23 at 8:39 pm to Dragula
quote:
Collin County
When the youngest is done, I can't wait to get the hell out of this county
Posted on 8/28/23 at 8:40 pm to Hetfield
quote:who’s buying those homes?
employees are selling their Cali homes for 1-2 million
Posted on 8/28/23 at 8:40 pm to Paul Allen
Plano really started the northern momentum in the 80s and 90s by attracting fortune 500s (with tax breaks, cheap land and sprawling corporate campuses) and investing in a great school system and infrastructure.
It was great city planning, they had lots of space back then, and things just exploded north and northwest from there. But they’re the ones who set the blueprint… not only for DFW.
It was great city planning, they had lots of space back then, and things just exploded north and northwest from there. But they’re the ones who set the blueprint… not only for DFW.
This post was edited on 8/28/23 at 8:43 pm
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