re: The U.S. Housing Boom Is Coming to an End, Starting in Dallas

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In a subdivision down the road from me in Baton Rouge new houses are sitting empty and unsold. They are asking 700k.

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What BR neighborhood has $700k spec houses? I know Harveston is still fairly hot and has spec homes but not in that price range.

Speaking of Harveston,a friend of my mine who is a widow (no pics) and in her early 60’s moved there 2 years ago. She said at first, it was mostly older people wanting to downsize their yards and now it is full of young people with very nice cars.

That graph is based on thousands of years of natural cycles and is an average.

So far, it looks to be pretty accurate, especially with the coming death of the baby boomers creating a glut of housing coming to market.

Housing prices in real and nominal value have peaked, on average. Though there will always be hot spots.

Prepare yourself.

I bought a smaller (1900 sq ft) in Dallas near White Rock Lake (Lakewood) 7 yrs ago. When I told the realtor I wanted 2000sq ft or less and a home built pre-1970, she thought I was insane. She said I was her first buyer to ever want an old house.

I told her I was from New Orleans where a 40+ yr old house is not really that old. Plus things were built much better back then. My house may not be big, but it's quality. I looked at some new houses and they were shittily constructed. I have a huge lot and mature trees as well. I can get anywhere in the city easily too. My mortgage is less than rent on a shitty one bedroom apartment.

Also good luck finding anything new in Dallas under 2000sq ft. Here people think every kid needs their own room, their own bathroom, a play room, plus a media room, etc. It's crazy.

The only bad thing is my property taxes keep going up. No state income tax and insurance is cheaper, so I guess it's a wash.

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Part of the problem here in D/FW is that builders aren't building brand new starter homes. All they build are these 4-5 br monstrosities. Theres no place for a young couple to break into the market in a new home.

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For a good starter home, you have to go to Greenville, Kaufman on the Dallas side. That's a bitch of a drive if you have to drive into Dallas proper