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

post 1640727363 06-12-2021, 10:26 AM
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Texas Real Estate- Permanent Higher Prices

Of course who knows what the future holds, but I know there are quite a few DFW miscers and miscers in TX or interested in moving to TX:

DALLAS - With demand up and supply down, home prices across North Texas are continuing to climb.

Home prices are up some 26% compared to last year, according to the Dallas Morning News.

But if you're waiting for the bubble to burst and prices to drop, it might not happen.

It is a great time to be a seller with prospective buyers offering all sorts of incentives to put themselves over the top.

Realtor Nikki Barringer with Dave Perry-Miller said there are plenty of factors that have created this market but much of it is simple supply and demand.

"We have definitely a home shortage. We’ve got 370,000 people who moved here last year," she said. "In what world does Dallas become less attractive? You know, we’re affordable. We’ve got a great economy. So nobody thinks it’s gonna slow down, unfortunately."

Barringer said many buyers are entering all-out bidding wars for the homes that are up for sale. And in some cases, agents will give realtors an amount to beat, which she said was not typically part of the process.

Dallas real estate expert Rogers Healy says to forget your fantasy that the real estate bubble will burst and bargains will be bountiful. He says what we're seeing is a permanent price adjustment for North Texas, just like other high-priced cities have seen before.

"World War II ends. Everybody moves to LA. And people kept waiting to get a good deal and the prices kept elevating. All of a sudden, this was the new best price," he explained. "So whether you’re local or an import, you got to kind of get in when you can."

And getting in or out of a property looks different these days.

"I would come in expecting that you’re not going to get a good deal on paper," Healy said. "But in 45 days, you’re going to be living in a new home."

Instead, what you should get as prices continue to climb Is a payoff that comes quicker

"Overpaying now might be a steal 6 to 12 months from now," Healy said.

The difficulty is getting in the game that's gone pro, perhaps, permanently.

"People that are realistic right now are winning. People who are emotional are losing," Healy said. "Buyers have to come ready and willing to make it happen."
https://www.fox4news.com/news/hot-no...ing-to-keep-up
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post 1640727453 06-12-2021, 10:28 AM
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sick they are absolutely screwing everybody over.
post 1640727463 06-12-2021, 10:29 AM
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Did a search for 0-300k in Dallas, nothing but condos.

yuck.
post 1640727523 06-12-2021, 10:30 AM
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I'm ready for another Great Depression.

It might hurt in the short run, but it would strengthen this country in the long run.
post 1640727753 06-12-2021, 10:34 AM
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Originally Posted By imbored205⏩
the hardest part about finding a home in Texas is one not in some ****gy HOA.

Looking to buy for up to 750k but the only non HOA are in the middle of nowhere or near garbo schools.
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.
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post 1640728033 06-12-2021, 10:40 AM
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This what every real estate article says....except the ones not written by people with something to gain. When people who moved from Cali figure out they're not getting paid Cali wages then they'll stop paying Cali prices.

Further more the rush of people moving was highly dependent on covid policies. Claiming that's a permanent force is rediculous and myopic.
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post 1640728173 06-12-2021, 10:44 AM
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Massive bubble. You can wel for Goldman Sachs in Richardson and not sfford your own place lol
post 1640728773 06-12-2021, 10:56 AM
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Hmm, a real estate expert tells everyone that the speculative bubble is not actually a bubble? Color me surprised.

The "game" or industry of real estate has been around for centuries. Of course they want people to buy and "get into the game".

The irony here is that these are "people who are emotional" and those who understand business cycles are "people that are realistic".

These guys are probably making good profit on overvalued properties, of course they don't want the party to end.

Would take all of this with a bucket of salt.
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post 1640729393 06-12-2021, 11:06 AM
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Originally Posted By messomi⏩
sick they are absolutely screwing everybody over.
You own a product. A lot of people want that product. Why would you sell it for less then people are willing to pay? The only people that are losing their schit over this are the ones that don't own real estate, want to, but can't afford to.

Nobody is getting 'screwed over' in some kind of real estate scam. The price of real estate in desirable areas goes up. If you want cheap land go buy in a small one horse town in Kansas or Oklahoma. You can get your 3 bed 2 bath with a picket fence for less then 100K.
Originally Posted By BLOATMOGGER⏩
I'm ready for another Great Depression.

It might hurt in the short run, but it would strengthen this country in the long run.
A few points on that:
-What makes you think that should a depression happen you're going to come out ahead?
-We live in the easiest time in HISTORY to build wealth, become rich, etc.
-People that are winning the game now, when its extremely easy to be a winner, will continue to win. If your struggling right now you aren't going to suddenly flourish during hard times.

Originally Posted By GeezersPalace⏩
Massive bubble. You can wel for Goldman Sachs in Richardson and not sfford your own place lol
The only people that really believe real estate is in a 'bubble' are those that hope to profit from this bubble somehow bursting. IE plebs who want to buy in but can't afford it.

If you think real estate is expensive now just wait 20 or 30 years and see what prices are going to be.
post 1640729993 06-12-2021, 11:23 AM
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Originally Posted By guest89⏩
The only people that really believe real estate is in a 'bubble' are those that hope to profit from this bubble somehow bursting. IE plebs who want to buy in but can't afford it.

If you think real estate is expensive now just wait 20 or 30 years and see what prices are going to be.
I have no business in real estate, do you really think the people heavily invested won't have bias? If you were making crazy money on inflated prices, would you want people to stop buying out of fear?

Every business goes through cycles, even the entire national economy moves according to business cycles. By the time the public is informed on the overvaluation, you're already in the mania phase of the cycle.

That's truly being realistic, because the people profiting from the bubble itself are those who are seeking to assuage fears. Of course prices will always increase along with inflation, but to think cycles suddenly stopped existing is either delusion or a vested interest in persuasion. Sometimes the two are the same.
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post 1640730373 06-12-2021, 11:31 AM
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i like how everyone is acting like their particular state is the only one seeing price increases
**** that was 300k a year ago is 425k+ this is everywhere
post 1640730623 06-12-2021, 11:35 AM
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More proof that liberals hurt the poor and help the rich and create great disparity between the groups. What will this do to blacks? With the increase in inflation of scarce resources that have have alternative uses, home repairs will become very tough to afford for blacks and other groups. Their houses will start falling apart

Liberals-emotional losers
Conservatives-Logical and reasonable winners
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post 1640730783 06-12-2021, 11:39 AM
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Blackrock, the largest hedge fund in the world, with 7-8 TRILLION dollars under management, has recently begun buying up single family properties across the United States at ABOVE market price. They have an insane amount of capital and will easily be able to control a substantial amount of the housing supply. Higher house prices are coming to the entire US, not just Texas.
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post 1640730843 06-12-2021, 11:41 AM
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Originally Posted By DimTriad⏩
Blackrock, the largest hedge fund in the world, with 7-8 TRILLION dollars under management, has recently begun buying up single family properties across the United States at ABOVE market price. They have an insane amount of capital and will easily be able to control a substantial amount of the housing supply. Higher house prices are coming to the entire US, not just Texas.
yup exactly what I said before they are doing this on purpose to screw people over.
post 1640730893 06-12-2021, 11:42 AM
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Originally Posted By guest89⏩
You own a product. A lot of people want that product. Why would you sell it for less then people are willing to pay? The only people that are losing their schit over this are the ones that don't own real estate, want to, but can't afford to.

Nobody is getting 'screwed over' in some kind of real estate scam. The price of real estate in desirable areas goes up. If you want cheap land go buy in a small one horse town in Kansas or Oklahoma. You can get your 3 bed 2 bath with a picket fence for less then 100K.



A few points on that:
-What makes you think that should a depression happen you're going to come out ahead?
-We live in the easiest time in HISTORY to build wealth, become rich, etc.
-People that are winning the game now, when its extremely easy to be a winner, will continue to win. If your struggling right now you aren't going to suddenly flourish during hard times.




The only people that really believe real estate is in a 'bubble' are those that hope to profit from this bubble somehow bursting. IE plebs who want to buy in but can't afford it.

If you think real estate is expensive now just wait 20 or 30 years and see what prices are going to be.
Lol you dumbsh*t. I've seen many boom busts. I also work in Investment Banking, We are currently in sub-prime lending conditions. If you think a house in Dallas is worth 500k you are an idiot. These houses are being sold on no deposit, it's a bubble, even Australia and Canada are trying to slow the bubble down. It's always the same with any democratic admin, new president comes in and house prices enter a bubble.

American housing also never goes up against its UK, Canada, Australian counterparts because of the property tax structure, that's why it's always cheap compared to the rest of the world. I don't have to worry as I would never buy a home in the US, it's a terrible investment, each to their onw.
post 1640730923 06-12-2021, 11:42 AM
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Originally Posted By DimTriad⏩
Blackrock, the largest hedge fund in the world, with 7-8 TRILLION dollars under management, has recently begun buying up single family properties across the United States at ABOVE market price. They have an insane amount of capital and will easily be able to control a substantial amount of the housing supply. Higher house prices are coming to the entire US, not just Texas.
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
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
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post 1640730983 06-12-2021, 11:44 AM
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DB already identified the model for the USA and Europe going forward as high inflation to fund social projects.

If you think your house or 401k is going to increase in genuine value u are a muppet.
post 1640731033 06-12-2021, 11:45 AM
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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, thatprivate 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
no government that currently exists will do this. they don't care and there is no incentive.

see sig, never been more srs in my life
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post 1640731063 06-12-2021, 11:45 AM
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Originally Posted By Kraken⏩
More proof that liberals hurt the poor and help the rich and create great disparity between the groups. What will this do to blacks? With the increase in inflation of scarce resources that have have alternative uses, home repairs will become very tough to afford for blacks and other groups. Their houses will start falling apart

Liberals-emotional losers
Conservatives-Logical and reasonable winners
100 percent. The blacks will get f**ked over, will buy into overpriced homes and will get annilated just like in 2008.
post 1640731233 06-12-2021, 11:48 AM
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Sure sign of a bubble getting ready to burst is when everyone starts to believe there’s no way that it will happen.
post 1640731433 06-12-2021, 11:51 AM
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Originally Posted By WeBoutDat⏩
Sure sign of a bubble getting ready to burst is when everyone starts to believe there’s no way that it will happen.
No it's different this time.

****ing LOL. I've seen 3 housing booms in my lifetime, in Australia it actually if you include the time value of money it was recently cheaper than 20 years earlier. LOL also at the most famous housing bubble of all time Japan, Prices still aren't even close to 1988 when they peaked by property always goes up hahahhahaha
post 1640731603 06-12-2021, 11:54 AM
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Some of y’all are forgetting all of the stimulus money that probably got dumped in to housing. That causes inflation, not a bubble. Those who blew their stimulus money on garbage will sorely regret it

again, losers versus winners. Responsible and reasonable people will always get ahead, regardless of how much you try and control the market and economy
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post 1640731793 06-12-2021, 11:59 AM
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Originally Posted By BeanGainClovis⏩
Hmm, a real estate expert tells everyone that the speculative bubble is not actually a bubble? Color me surprised.

The "game" or industry of real estate has been around for centuries. Of course they want people to buy and "get into the game".

The irony here is that these are "people who are emotional" and those who understand business cycles are "people that are realistic".

These guys are probably making good profit on overvalued properties, of course they don't want the party to end.

Would take all of this with a bucket of salt.
Wtf it's not a speculative bubble. There's a massive lack of inventory going on throughout the country. There's tons of articles from economists saying if 1 million homes popped up on the msket tomorrow it wouldn't cause a correction because the demand is so high.
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post 1640731833 06-12-2021, 11:59 AM
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Demand slows down when Beijing Biden's terrible decisions finally outweigh the buffer Trump put into place and the funny money stops keeping the economy afloat. And people start defaulting.
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post 1640731943 06-12-2021, 12:01 PM
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Originally Posted By swoleyo⏩
Wtf it's not a speculative bubble. There's a massive lack of inventory going on throughout the country. There's tons of articles from economists saying if 1 million homes popped up on the msket tomorrow it wouldn't cause a correction because the demand is so high.
Because you can buy on a 3 percent deposit, this is typical democrat ****.
post 1640734223 06-12-2021, 12:39 PM
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It’s a free market. People can buy and sell for whatever they want.

If you buy during a price run up and it bursts that’s your fault. It’s not much different than buying a stock that’s at its peak and watching it drop on you afterward.

I don’t know why everyone ITT is crying so hard. If it’s because you can’t afford to buy one because of the run up then just don’t buy one and wait for the drop off.

If the drop off doesn’t happen… then it turns out you just couldn’t afford a house and that’s also your problem for not being able to meet the demand for something you want to purchase

I’d love a ****ing private jet, but pretty sure I’m not getting one in this lifetime.
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post 1640742563 06-12-2021, 03:01 PM
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Originally Posted By rectifryer⏩
This what every real estate article says....except the ones not written by people with something to gain. When people who moved from Cali figure out they're not getting paid Cali wages then they'll stop paying Cali prices.

Further more the rush of people moving was highly dependent on covid policies. Claiming that's a permanent force is rediculous and myopic.
Well I might give that some weight, except that the increasing population trend in large TX cities predates COVID:

Originally Posted By EliteBrah⏩
i like how everyone is acting like their particular state is the only one seeing price increases
**** that was 300k a year ago is 425k+ this is everywhere
Originally Posted By DimTriad⏩
Blackrock, the largest hedge fund in the world, with 7-8 TRILLION dollars under management, has recently begun buying up single family properties across the United States at ABOVE market price. They have an insane amount of capital and will easily be able to control a substantial amount of the housing supply. Higher house prices are coming to the entire US, not just Texas.
Yes, the price increases are through the entire country and big investors are part of that.
Originally Posted By swoleyo⏩
Wtf it's not a speculative bubble. There's a massive lack of inventory going on throughout the country. There's tons of articles from economists saying if 1 million homes popped up on the msket tomorrow it wouldn't cause a correction because the demand is so high.
And we are also short on inventory generally, but severely short in these hot TX markets.
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post 1640744223 06-12-2021, 03:25 PM
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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
post 1640744633 06-12-2021, 03:33 PM
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post 1640745323 06-12-2021, 03:46 PM
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Metro Atlanta is the same way. Homes selling for twice the price that they sold for 4-5 years ago.
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