Several folks have done that and have shared their experiences on FB and YT with mixed results. May want to check those out and do lots of research before you go that route.
Home prices
- Thread starter Tenacious E
- Start date
I am the opposite. Here in the midwest, space is cheap. See Aardvark's post above - gross! So, give me a separate room for everything. I might feel differently if I was retired in Florida, where I had lots of time on my hands and I wouldn't mind walking around for a lot for things. But I'm not retired, and I have winter to deal with. So I want a home gym, sauna, hot tub, pool, etc.
Could definitely only happen for me if I were single again and in the right location.
This is the route I went. My no pic oldest lives in Houston and my son graduates this spring. I want to add on to my garage (basically for art/music projects) and add another bathroom but I don’t need a whole lot to be happy.
You don't need a whole garage for a drum circle. You can do it in your yard.
We had our house built in 2002 for $140.000. Nice small house, 1900 square feet. Today its assessed value is $380,000. We live in the sweet spot for our jobs regarding taxes. Denton County/Northwest ISD (school district)/Roanoke (City Taxes) This year our taxes added up to be $3750. My friends back in Boone (where I grew up) are paying $4,000 in taxes on houses worth $200,000. Its a crying shame!!
Where I taught at (Southlake) back in 2002 houses being built were around $400,000. Today new houses in 76092 start around $1,000,000 !! Crazy !!
Where I taught at (Southlake) back in 2002 houses being built were around $400,000. Today new houses in 76092 start around $1,000,000 !! Crazy !!
My kid lives down there - just moved into a two bedroom apartment, and this post is depressing, especially if we decide to relocate there when we retire. Thanks, though!
There’s a theory of a coming wave of listings from Boomers looking to downsize that will dramatically lower prices but I’m not buying it
Yeah I wouldn't hold your breath. If some of the super olds haven't downsized by now, they prob won't until they're forced out (assisted living or dead). Even then, will the beneficiary just keep it for rental?
Still pretty warm in Tallahassee. The interest rates definitely caused some slight decreases and stopped the prices climbing like they had prior five years but certainly no giant reduction for a market that was supposedly way overpriced. Now starting to sell faster and go up again
Not jacking up the prices directly, but def. taking homes off the market.
KC is no different than the Des Moines metro, and actually DM is growing faster. Is it because of the Iowa Hawkeyes, ISU Cyclones or the Iowa Cubs? 🤣
We live in Frisco, the value of our house has tripled since we bought in 2012.
at some point it will happen whether they like it or not (death)
But that ISD is highly desired and people will continue to pay to live in Southlake.
Texas property taxes and insurance rates are high compared to some states. Along with high utility rates and local sales taxes the issue of no income tax is offset by those other costs.
The state does do a better job of keeping up with roads but they’re funded with oil money - people outside TX aren’t aware that the state road department has its own oil fields.
I also appreciated the amenities that municipalities funded with my property taxes too.
Schools were very good, sidewalks, street lights, underground utilities and libraries/parks/community centers with pools and sports fields in my far North Dallas neighborhood was very much a positive thing for my kids growing up.
LOL when we moved to Dallas in 1985 Frisco was one little Main Street surrounded by cow pasture and still had silos by the RR tracks. We drove up there occasionally for a trip to the old Dairy Queen.
It’s now sort of a suburban Jerry World isn’t it?
Housing prices around here (Tallahassee, FL) are still high. We bought our house in 2017 and it is currently valued around 60% higher than what we paid. Prices had already climbed quite a bit by the time we bought and just kept going up.
What were $250-$300k houses less than a decade ago are going for $500-$600k and up. The $500k houses are now in the $800-$900 range.
What were $250-$300k houses less than a decade ago are going for $500-$600k and up. The $500k houses are now in the $800-$900 range.
Oh I’m sorry - was I stupid for mentioning the attention KC is getting right now?
I’ll check with you next time before I post so you can proofread for stupid. You seem to be an expert in that area.
I get updates on Tally prices from Zillow daily and it appears that the newer housing stock is pretty pricy. Especially the northeast and 32309/32312.
Maybe their kids can inherit it and that way they can afford to live in a larger house they otherwise couldn’t afford?
Those silos still might be there.. Cowboys headquarters (The Star) is very close to my house and has grown quite a bit in the last 5 years or so.
Isn’t there a sizable gap in the size of KC population over DesMoines?
Is DM home to as many companies or their regional HQ as KC?
If you think that people choose where to live and metro area housing prices increase due to the performance of an NFL team, you are stupid.
We bought our home (4/2.5 with 3,000 sf ft) in 2007 for $380K. We've put about $150-175K in remodels over the last 5 years. Put it on the market the day after Thanksgiving last year for $815K. By Sunday, we had three offers and took one that was all cash + cover the title costs ($5K).
Supply and demand.
Many people are holding tight in their current home because they don't want to buy/build and get a new loan/higher interest rate.
Many people are holding tight in their current home because they don't want to buy/build and get a new loan/higher interest rate.
See - this shows you probably have reading comprehension challenges and you also just love to attack anyone you decide has a different political viewpoint.
I never ever said people are actually moving to KC because of the Chiefs. I referenced attention to home prices there because of current attention given the area - and the Chiefs are certainly in the news.
KC doesn’t usually garner a ton of attention because it’s a town sitting in the middle of the country - “flyover” territory. But it seems to be a nice place to live.
Keep up your needless attack though. It just lets others see you showing your rear end.
I've done work not far from you in Westlake. You definitely can't find a home there for under a million.
Yeah we thought we’d be downsizing when we relocated 5 years ago. Ended up building an even larger house than the one we sold. We like the space for everything you mentioned, entertaining and having family and friends visit.
We "downsized" from a 4/2.5 3,000 sf home to a 4/3.5 2,700 townhome and paid $150K+ more than what we sold our house for. The HOA fees would make your ears bleed. We love it, though.
Kansas City has gotten a disproportionate amount of attention for 15 years due to the tech investment made there, the attention has nothing to do with the football team or it being a nice place to live, whatever the hell that’s supposed to mean.
What’s worse for people who would like to move now, they probably have a 3% mortgage that will more than double.
Yep. This is exactly what's happening right now. People in those homes aren't moving because they don't want to double their interest rates. Therefore the supply of "starter" homes is extremely low. Yet, demand is still there and so those numbers continue to increase in value. The mid tier level of homes is starting to stagnate a bit but still pretty high. The only housing segment seeing some very slight decreasing might be the higher end homes in some areas.
I couldn't imagine being newlyweds looking for that first house in your twenties. Without financial help from parents or family, it's gotta be pretty tough especially in larger urban areas.
I live on the border of N. Liberty/C. Ville. The Johnson County assessor is coming to my joint next week to "reassess." I am going to keep my home like a pig stye so the price will go down. As such, it has gone up nearly 300K since I built it. Insane.
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