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Started By
Message
re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas
Posted on 12/1/18 at 2:54 pm to crazyLSUstudent
Posted on 12/1/18 at 2:54 pm to crazyLSUstudent
quote:
Austin is still stupid. A 1400 sq. Ft house around the corner from me is selling for 700k
A large part of the reason is California transplants, same happened in North Dallas, the area of the article.
1
Posted on 12/1/18 at 3:02 pm to RedRifle
Do people expect a "boom" to never end?
A word of advice. When a market is hot, it's too late to get into it and learn the law of average. Nothing stays constant.
A word of advice. When a market is hot, it's too late to get into it and learn the law of average. Nothing stays constant.
Posted on 12/1/18 at 3:35 pm to RedRifle
They fail to take several things into account:
1. Texas was barely impacted by the housing bubble in 2007-2008.
2. Property taxes in Texas are very high.
3. Oil prices are falling impacting Texas more than most states.
1. Texas was barely impacted by the housing bubble in 2007-2008.
2. Property taxes in Texas are very high.
3. Oil prices are falling impacting Texas more than most states.
Posted on 12/1/18 at 3:54 pm to TheCaterpillar
quote:
I wish someone would tell Nashville so I can afford a normal sized house not in the hood
It’s slowing down, but we are not over built like Dallas. Where are you looking in Nashville?
Posted on 12/1/18 at 4:34 pm to RedRifle
It seems like every week another company is announcing that it is relocating to North Texas. It is expected that the PGA of America will announce next week that they are relocating to Frisco from West Palm Beach.
Posted on 12/1/18 at 4:56 pm to RedRifle
Thanks trump. 
This post was edited on 12/1/18 at 4:56 pm
Posted on 12/1/18 at 5:07 pm to RedRifle
Even the city of Little Elm cant keep up. Pricing out the middle class with Frisco and McKinney money.
It was eventually gonna sputter out.
It was eventually gonna sputter out.
Posted on 12/1/18 at 5:11 pm to crazyLSUstudent
Austin market is booming
Posted on 12/1/18 at 5:19 pm to Restomod
quote:
A large part of the reason is California transplants, same happened in North Dallas, the area of the article.
That is a straw man argument. You would literally need thousands and thousands of people from California alone to push the prices that fast. While highe that is a straw man argument. Also, all of the studies have shown that the people leaving California are poor, hundred thousand dollars in income and less, so I don’t see how they could be really pushing up the higher end of spectrum of the market.
I think local people are overextended. You see it everywhere, a young couple in their late 20s moved onto our block because they wanted a 3500-4000 square-foot house it’s insane.
I was 35 and settled and sure of myself before I flight this house. These “kids” have a fairy tale view of the world.
Posted on 12/1/18 at 5:22 pm to RedRifle
quote:
poor, hundred thousand dollars in income and less
I figure you meant "poor" relative to high COLA places like San Francisco and not "poor" in a national sense. 100k household is 75th percentile. Probably need to break down 100k or less at smaller top end number like 75k.
This post was edited on 12/1/18 at 5:24 pm
Posted on 12/1/18 at 5:32 pm to cgrand
quote:
smaller is better and almost universally a better buy
This. You run into a rate of diminishing returns with large homes.
Posted on 12/1/18 at 5:38 pm to nola000
How are New Orleans prices still going strong after all these years after Katrina? They’re not a huge real estate market city and they seem to be doing great.
Posted on 12/1/18 at 5:54 pm to Paul Allen
Outside money and limited supply due to land restrictions.
Most cities would have a suburb between where New Orleans and Laplace, Mandeville, and Slidell are.
Instead it's all marsh and water.
Most cities would have a suburb between where New Orleans and Laplace, Mandeville, and Slidell are.
Instead it's all marsh and water.
This post was edited on 12/1/18 at 5:55 pm
Posted on 12/1/18 at 5:58 pm to RedRifle
quote:
That is a straw man argument. You would literally need thousands and thousands of people from California alone to push the prices that fast.
Toyota North America moved from California to Frisco bringing in thousands, Liberty Mutual headquarters just moved here as well. That's not taking in account the thousands moving here every year. McKinney and Frisco have been the fastest growing cities in the country the last couple years.
Posted on 12/1/18 at 6:01 pm to Teddy Ruxpin
When the outside money dries up what happens then?
Posted on 12/1/18 at 6:08 pm to RedRifle
quote:This place is soooooo good.
and a three-story food hall
Posted on 12/1/18 at 6:25 pm to WestlakeTiger
quote:McKinney4life!!
Even the city of Little Elm cant keep up. Pricing out the middle class with Frisco and McKinney money.
Posted on 12/1/18 at 6:30 pm to Paul Allen
quote:
How are New Orleans prices still going strong after all these years after Katrina?
Nola is water locked, with zero room for development.
This post was edited on 12/1/18 at 6:49 pm
Posted on 12/1/18 at 6:31 pm to OweO
quote:
Do people expect a "boom" to never end?
Apparently market cycles are a new concept to a lot of people, to which I am sure someone will respond with "but this time its different".
Posted on 12/1/18 at 6:37 pm to cable
quote:
I'd be depressed as fugg if I woke up at 55 years old and realized that I had tossed $500k in rent down the drain.
Nothing in real estate is guaranteed, you can also wake up at 55 and realize you lost $500K over the last 35 years because circumstances forced you to sell a couple of houses in a down market cycle.
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