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Forum » Texas Real Estate- Permanent Higher Prices
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Thread: Texas Real Estate- Permanent Higher Prices

post 1640746193 06-12-2021, 04:02 PM
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#31
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prices everywhere are permanently higher

it's not individuals driving the market, it's massive funds buying everything up way over asking with money they're borrowing for next to nothing

if you don't own a house now, you're gonna be a rentcel forever with rent that increases as much as legally possible
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post 1640746423 06-12-2021, 04:08 PM
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#32
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Originally Posted By 5431⏩
Let's not forget the only reason prices are going up is because governments have been printing money out of thin air for the past year and people want to lock in their wealth before it gets devalued any further
The huge factor is that there is not enough supply to meet demand. Most of these people moving to Dallas want to be near the city center for short commutes, etc. There is only so many houses and land there, prices will continue to go up. How fast they go up will be determined by how many people move here with cash money waiting to unload
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post 1640746643 06-12-2021, 04:13 PM
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#33
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I fukkin love how these liberals destroyed their cities and are moving to conservative states. Only a matter of time before Texas and FL become ****holes too. I give it maybe 10-15 years before the liberal cancer spreads
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post 1640747953 06-12-2021, 04:37 PM
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#34
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Originally Posted By Weezy32⏩
I fukkin love how these liberals destroyed their cities and are moving to conservative states. Only a matter of time before Texas and FL become ****holes too. I give it maybe 10-15 years before the liberal cancer spreads
The US would collapse before that. We are curently at 5% inflation. We (conservatives) have been warning others that this will lead to hyperinflation and we were gas lighted for it. I give it about a year. The average time frame of these policies, historically, only take about 1-2 years to cause hyperinflation and complete economic collapse.

Y'all better be prepared....
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post 1640748443 06-12-2021, 04:51 PM
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#35
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House hunting in austin right now sure has been fun. lol
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post 1640748783 06-12-2021, 05:00 PM
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#36
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if texas isn't toronto or vancouver level yet?

you guys should not be complaining.
post 1640749053 06-12-2021, 05:09 PM
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#37
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Originally Posted By Kraken⏩
This is what liberals wanted; A country where no one owns their houses, only rent. They don’t believe in private property. Little do they realize, that private property will fall into the hands of the few and the only way you can get it back is by government ripping it from them.

They are destroying the American dream
Ding ding ding, this is of course worldwide, not just over there in the US. I am in Europe, and it's madness. Africa as well

The future is suppose to be "you own nothing and you will be happy". First it will be taking away every property, then the universal basic income will come, by taking away your job.

We are not building enough homes to keep the prices low. Population continues to increase at a much higher rate. Just material needed for building homes have increased by x2 cost within 2 years where I live

I ALWAYS LOL at people today who say "muh bubble, just wait for muh bubble". It's over for you if you continue to believe this. A shift has absolutely been made in the world in the last 5-10 years
post 1640749803 06-12-2021, 05:23 PM
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#38
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In DFW myself. Been fire here for the last 5 years. Hasn't slowed down at all.

Been in our house for 4 years next month. We were one of 7 offers on day 1 when we got this house. It has only gotten crazier.

My appraisal value has gone up 86% in the same 5 years as well. Got the appraisal down $27,000 after my protest this year.
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post 1640749923 06-12-2021, 05:27 PM
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#39
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Originally Posted By TugOfPeace⏩
how exactly will the government take away property from people who own their homes or have mortgages that they can comfortably pay?
It's all the people that aren't paying comfortably. It's all the people living paycheck to paycheck. It's all the sub 100k males that won't ever be able to buy. They'll live renting until rent gets too expensive and they'll get kicked to the curb. Trust the process lol
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post 1640750333 06-12-2021, 05:35 PM
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#40
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every bubble always pops when people say it can never happen again lawls. if you really think prices can increase forever then you are delusional
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post 1640750513 06-12-2021, 05:38 PM
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#41
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Originally Posted By katya422⏩
What part? Pretty sure that would get you inside the loop in north Dallas. Not cheap, but very central. Unless you are in the Park cities I would expect to be using a private school. Old neighborhoods and houses, so no HOA.

Would also get you in to the nice area near TCU in Fort Worth. Same story, no HOA and may want to use private schools.
So what are YOU doing to “put yourself over the top” and beat out the competition bby?
post 1640754373 06-12-2021, 06:47 PM
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#42
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Originally Posted By Ratfish⏩
prices everywhere are permanently higher

it's not individuals driving the market, it's massive funds buying everything up way over asking with money they're borrowing for next to nothing

if you don't own a house now, you're gonna be a rentcel forever with rent that increases as much as legally possible
By the same token if you only own one house, you’ll probably be stuck like that forever and relying on a wage/pension that barely keeps up with COL
post 1640754463 06-12-2021, 06:49 PM
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#43
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Same with anywhere that had affordable housing. California cockroaches moving their inflating prices and fukn everything up
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post 1640756103 06-12-2021, 07:17 PM
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#44
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One thing you guys dont realize that own houses as your house value increases the taxes you pay on the house also increase so technically you will be paying more as well.

Also it's bound to end up in a bubble because if the average house price goes from 300k to 600k number of people that will be able to afford to buy the house will drastically decrease. Even if you try to rent the house the tenant will have to increase the price of the house from ex 2k a month to 4k a month and once again who will be able to afford 4k a month on a massive scale. The homeless population will skyrocket, wages will have to double, or there will be a housing bubble and i lean toward housing bubble.

Just like in 2008 people are not going to be able to afford paying their mortgage payments. I have a feeling the house market would be looking alot different if the government did not stop evictions... heck once the no evictions thiing expires we may see a house bubble.
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post 1640756323 06-12-2021, 07:21 PM
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#45
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Originally Posted By TugOfPeace⏩
prepared with what? just have food/water/ammo really
How do you plan to stay ahead of run away inflation to keep up with fuel and oil costs? If there is a fuel shortage? Energy bills? If you don't own your home, what about your rent?
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post 1640757023 06-12-2021, 07:31 PM
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#46
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house i was looking at was $600k 2 months ago, its now $650k
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post 1640757063 06-12-2021, 07:32 PM
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#47
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Originally Posted By Kraken⏩
How do you plan to stay ahead of run away inflation to keep up with fuel and oil costs? If there is a fuel shortage? Energy bills? If you don't own your home, what about your rent?
No amount of hoarding will prepare any one. We either stop this or become a third world country.
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post 1640757093 06-12-2021, 07:34 PM
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#48
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Tried to neg for misleading thread title but on r/c

The prices will come crashing down, you have to be low IQ to think otherwise
post 1640760813 06-12-2021, 08:52 PM
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#49
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Originally Posted By r32gojirra⏩
So what are YOU doing to “put yourself over the top” and beat out the competition bby?
Pretty well buggered TBH.

Annual take home at my present job is only about $20K. I did have spousal support/child support which was around another $20K income, but that ended when my ex passed.

My only real asset is a house that I inherited w/a mortgage + tax and insurance. The taxes and insurance are high even if there was no mortgage.

I had been looking at options for some time; either an inexpensive property w/lower taxes and insurance or maybe a small multi-family in which case I need credit/income to qualify with the idea being to cover the down payment w/net proceeds from selling the inherited house.

Not much out there.
Originally Posted By LtGoose⏩
Tried to neg for misleading thread title but on r/c

The prices will come crashing down, you have to be low IQ to think otherwise
What is misleading exactly? Do you really think that prices will come crashing down in TX with the massive numbers of people that have been, and continue to be, moving here?
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post 1640761053 06-12-2021, 08:56 PM
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Texas used to have a cost of living advantage but that’s long gone
And I don’t think Texas is in much of a bubble, demand isn’t going away anytime soon

Now, I need to find the new Texas that still has reasonable housing prices and no state income tax
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post 1640762753 06-12-2021, 09:23 PM
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#51
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Originally Posted By LtGoose⏩
Tried to neg for misleading thread title but on r/c

The prices will come crashing down, you have to be low IQ to think otherwise
Two more weeks bro
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post 1640763183 06-12-2021, 09:31 PM
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Shocking. This is why Im a Fascist.

Massive Banks buying up property left and right
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post 1640763623 06-12-2021, 09:40 PM
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#53
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Originally Posted By katya422⏩
Pretty well buggered TBH.

Annual take home at my present job is only about $20K. I did have spousal support/child support which was around another $20K income, but that ended when my ex passed.

My only real asset is a house that I inherited w/a mortgage + tax and insurance. The taxes and insurance are high even if there was no mortgage.

I had been looking at options for some time; either an inexpensive property w/lower taxes and insurance or maybe a small multi-family in which case I need credit/income to qualify with the idea being to cover the down payment w/net proceeds from selling the inherited house.
Interadesting. I agree with your thread btw, just expected you to be making more based on the quality of your posts. That isnt meant to be a dig.
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post 1640763853 06-12-2021, 09:44 PM
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#54
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Originally Posted By ScramFranklin⏩
Shocking. This is why Im a Fascist.

Massive Banks buying up property left and right
Not sure if serious or trolling.

If serious, I don’t believe you understand what fascism is.
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post 1640765173 06-12-2021, 10:06 PM
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#55
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Originally Posted By ScramFranklin⏩
Interadesting. I agree with your thread btw, just expected you to be making more based on the quality of your posts. That isnt meant to be a dig.
Don't have a degree, though I was reading at a college level when I was 12. I've always been a reader.

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I don't actually want a full time job regular job. Rather figure out something else; maybe a little of this and a little of that, self-employment, seasonal, part-time, etc.

I know I do better with some structure to my time and also don't want to be chained to the wheel with no freedom to do what I want when I want to.
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