Homes in Dallas/Fort Worth are selling for $300k over the asking price

[Ethnic Vagina Finder]

It's mainly in those areas with a few other cities following behind. A majority of the country is still cheap. The South and Midwest you'll find plenty of cheap homes. The question is will there be jobs and if corporations do build, will gentrification eventually come along

the best jobs and opportunities will always be near the ocean.

and the Midwest/parts of the south is smack dab in the middle of the highest concentration of tornados and supercell thunderstorms on the planet.

 

[UberEatsDriver]

It's mainly in those areas with a few other cities following behind. A majority of the country is still cheap. The South and Midwest you'll find plenty of cheap homes. The question is will there be jobs and if corporations do build, will gentrification eventually come along

Yup. But the Midwest and the other parts of the south aren’t really cheap if there aren’t any jobs there. You need to work to maintain that cheap lifestyle and a good wage.

 

[UberEatsDriver]

And you can own your home and still invest in those other avenues.


I’ll stand on there’s no right or wrong, every situation and circumstance is different.

Except this isn’t a reality cause most home owners in America are in serious debt. The super vast majority. Instead of investing in other avenues theyll take on even more debt.


Also these new young people are moving a lot. Someone moving a lot who has not found a place to rest their home cannot realistically own a home comfortably.

 

[powmia]

The house market will vary from state to state. House prices are relative to where you are and where you wanna be. For example, here in Raleigh, NC the market is going bananas for multiple reasons. 1. We are getting flooded with people from New York who sells a 1200 sft home for 700K, They can take profits and buy a 400k McMansion in NC. To them 400k is starter home prices in NY. This is one factor that's driving up prices. 2. Apple announced a new east coast campus in Raleigh with an average salary of 185k. Those 5000 new employees are driving up market prices.
Apple unveils $1B investment to build east coast hub in Research Triangle, create at least 3,000 jobs

 

[DLo]

I bought my house for $300K in 2019 and could sell for $600K right now if I wanted to. I'm in the suburbs of Philly. This market is crazy right now.

 

[Mr Hate Coffee]

Hope my $170k home sells for $300k here in Houston if we decide to sell and not rent

The dilemma is even when you sell you now become a buyer competing with buyers offering $100k over asking

 

[Mike Ock]

We need a devastating housing bubble burst and price crash to drive out all these idiots over paying and foreign investors

How would this stop people from overpaying or foreign investors buying up things? If anything those same people will still be there to purchase and outbid others.

I think y'all need to understand something is worth whatever someone else is willing to pay for it.

 

[IsThatBrothaMouzone?]

We gonna have a whole bunch of people stuck in apartments for the foreseeable future

That's me. My rent has been flat for 3 years and new luxury apartments are keeping my rent steady.

Honestly can't complain. Just keep investing in the market + crypto and putting some cheese in savings.

Buying a house is possible but I'm not trying to live in White Settlement, Anna, Murphy, Ferris or some shyt way out in WypipoLand.

 

[IsThatBrothaMouzone?]

the best jobs and opportunities will always be near the ocean.

and the Midwest/parts of the south is smack dab in the middle of the highest concentration of tornados and supercell thunderstorms on the planet.

Texas gets hurricanes, ice storms, tornadoes, flash floods, heat waves, droughts and small earthquakes (in places where there's fracking). It's definitely not for the faint of heart but it won't stop the Chinese. They gon own half of Texas.

The People's Republic of Texas.

 

[Ethnic Vagina Finder]

Texas gets hurricanes, ice storms, tornadoes, flash floods, heat waves, droughts and small earthquakes (in places where there's fracking). It's definitely not for the faint of heart but it won't stop the Chinese. They gon own half of Texas.

The People's Republic of Texas.

Its still close to the ocean tho.

 

[Spade]

We gonna have a whole bunch of people stuck in apartments for the foreseeable future

Three of the top 5 cities building new apartments last year were in Texas. Dallas was first, Houston third, and Austin was fifth. The Texas market already knows what is coming. NYC (2nd) and Atlanta (4th) rounded out the top 5.

 

[Gold]

Its gone to shyt

 

[Rusty Kuntz]

I’m relocating out of state this summer and this is my plan too. BUT, lumber and material prices have completely skyrocketed. Newly built home prices are up too, primarily thanks to COVID.


Luckily, it’s a “sellers market”, and I’m projected to make a 40% profit (at least) when I sell in a few weeks. What sucks is that again, it’s a “sellers market”, and our newly built home (or whatever home we decide) will eat up most of the profits that we’ll gain.

Lumber prices are crazy dumb right now. I recently bought some property in Colorado and am looking to build a vacation/retirement home there, and many of the building comps/contractors said that it would be crazy for at least 6months-1yr more. The big manufacturing mills aren't running like they were, which severely hampered production. Even local sawmills are feeling it, not to mention commercial places like Lowes, Home Depot or Menards.

 

[Master Teacher]

Honestly I feel like the government is gonna have to step in at some point. We legit have foreign countries buying out entire housing markets and paying cash to do it. Jacking up the prices everywhere.

The rich people don't give a fukk about the rest of the country, they just care about money, they control the politicians the government ain't gonna do shyt

 

[Wild self]

We need a devastating housing bubble burst and price crash to drive out all these idiots over paying and foreign investors

And punish those foreign investors hardbody