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

[Wild self]

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.

Living in TrumpLand would put your life in constant danger.

 

[the bossman]

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.

That's why I don't get the point of selling if you still need to buy another house to live. Your profits are just gone to the down payment so in the end all that changed is you got a newer bigger house with the same mortgage if not higher?

 

[the bossman]

Inflation from Stimulus checks and Unemployment payments ruining the economy

Who knew

Prices were high before covid.

 

[the bossman]

I new the Chinese were buying up property here but I thought that was a San Francisco and New York thing, not dallas

Evrywhere. Texas Florida Atlanta

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

. That's what 08 was for and foreign buyers scooped mad property for the low after the dust settled

 

[TallMan_J]

That's why I don't get the point of selling if you still need to buy another house to live. Your profits are just gone to the down payment so in the end all that changed is you got a newer bigger house with the same mortgage if not higher?

Yeah. You’re right, but in my situation, I’m relocating to an entirely different state. I don’t want to deal with renting it out and tenants, so I have to sell and purchase another.

If I wasn’t relocating because of my career/employer, there’s now way I’d sell my house. Also, where I’m moving, the property taxes are significantly lower. So, when I buy a home of higher value (in my desired price range), the monthly mortgage/tax payment will be similar to what I’m paying now.

It’s all about timing, location, what you can afford, and preference in regard to the housing market. The shyt can be fun and rewarding, yet stressful and irritating, breh.

 

[Spence]

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

Looking at moving out of the country here soon, won’t be affected too bad

 

[R.E.N. Spells Ren]

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.

I’d wager that a higher percentage of homeowners invest than the percentage of renters who invest.

These arguments against home ownership get sillier and sillier in every thread I read.

 

[MikelArteta]

They did it in Toronto and Vancouver

enjoy

 

[desjardins]

Chinese investors basically ruined the Vancouver market.
Cash buyers are fukking the game up too. Basically making it impossible for regular people to buy in certain markets.
A house in my zip code went on market on a Saturday and had 20 offers by Sunday, half of which were cash offers who didn't require inspection. How can you compete in that kind of environment when you are coming with a pre approval from your credit union ?

 

[Mr swag]

Spending 300k over? Do this people have a mental illness? Just rent for one year and buy then for 300k CHEAPER

 

[Mr swag]

Inflation from Stimulus checks and Unemployment payments ruining the economy

Who knew

houses selling 300k over asking price because someone making under 75k got 1,200 dollars?

 

[Eternal Tecate]

Inflation from Stimulus checks and Unemployment payments ruining the economy

Who knew

ya that's where that extra 300k is coming from

 

[ColdSlither]

There are 3 houses on my block that I legit know are empty and have foreign owners. They don't rent them out and nobody lives in them. They have people come check on them sporadically and have gardeners etc but no one lives there. These aren't cheap houses either. They raised the average sale price around me from 350-400k up to 600k.

And that's something the government needs to step in and do something about. They'll probably use that anti Asian hate bill as a defense. OMG you're discriminating because we're Asian!

 

[Listen]

Inflation from Stimulus checks and Unemployment payments ruining the economy

Who knew

That’s trash posting at its finest. If you weren’t NE Breh id neg you for that smh.

 

[Numpsay]

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

Homes in Houston are going for 30k-50k over asking price and barely stays on the market a week. If you have significant equity in your home and know you are going to sell the house the time to do it is now.