Forums46
Topics538,316
Posts9,735,752
Members87,082
|
Most Online25,604 Feb 12th, 2024
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536191
02/20/22 04:07 PM
|
Joined: Nov 2009
Posts: 3,909
leswad
Extreme Tracker
|
Extreme Tracker
Joined: Nov 2009
Posts: 3,909 |
With funerals up 40%, the market will probably be dropping for both rural and urban real estate over the next few years. However, I am sure the millions of the new illegal residents will bring in the assets to keep the market going up or the government gives these new illegals $450,000 each to keep the market strong. Talked to a Texarkana teacher this last week and he stated 5% of the enrollment was illegal aliens.
FJB
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536196
02/20/22 04:15 PM
|
Joined: Oct 2005
Posts: 879
Jman
Tracker
|
Tracker
Joined: Oct 2005
Posts: 879 |
Stub it would be hard to not test the market with that kind of markup. Even with the inflated value of homes $700k plus still buys you a lot of options.
My kids (son and daughter in law) are in real estate down in Austin and they listed her moms house in a gated community. When neighbors around there got wind of what it sold for and how much over ask they got two more immediate listings with others trying to cash in. All of them sold the first weekend for way more than ask.
Jim Featherston Mortgage Loan Officer - NMLS 2509901 Red Diamond Home Loans 165 S Kimball Ave, Suite 100 Southlake, TX 76092 PH 972-890-3114 Apply at: RDHLoans.com/Jim
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536198
02/20/22 04:17 PM
|
Joined: Sep 2004
Posts: 12,428
RedRanger
THF Celebrity
|
THF Celebrity
Joined: Sep 2004
Posts: 12,428 |
I am the opposite, putting out in the sticks I would bored out of my mind, I would probably become a meth head or a drunk
I like all the modern convivence life has to offer "BORED!!!" No such thing with big acreage. I am in my 9th year on this place. I have worked, almos every day I was off duty. Probably 210 days a year. There is ALWAYS something to do. I could keep myself and two other people busy, 5 days a week, for several years to come. Just another reason not to move out in the sticks, now you have to work 2 jobs to get by, no thanks. I worked hard in my younger days so I wouldn't have to hump it 24/7. I can hire a landscape company to mow, weedeat, edge and blow grass clipping for $25 per week during mowing season Plus if I wanted to sell my property right now, I could list it at market price and have 30 offers same day and the top ones would need to come in about $150K over full asking price if they want to be in the running. RR your house in the Philippines that will be completed in July, do you plan on selling your Frisco house and taking up residence there (Philippines) or is that going to be a second home for winter or? Philippines would be part time for now, I still want to travel other parts of the world. But with the housing market being so crazy High, I am tempted to sell out and move, but I really enjoy living in Frisco and I enjoy my house. I have a walking trail outside my door, 2 nice ponds and huge community pool if I wanted to swim.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536203
02/20/22 04:20 PM
|
Joined: Sep 2004
Posts: 12,428
RedRanger
THF Celebrity
|
THF Celebrity
Joined: Sep 2004
Posts: 12,428 |
I don't have to work two jobs to get by. The land and the shop are paid off. Improving the place is a labor of love. And I I listed mine right now, I would probably put $1.5 M profit in the bank. So there's that...
Don't sound fun to me, You have to work a job and then come home and work all day keeping up the land by you accounts "There is ALWAYS something to do. I could keep myself and two other people busy, 5 days a week, for several years to come" Screw that, I want to relax and enjoy life and travel when I am older, not having to work all the time. There will come a day when I am done with construction, done with land over haul, done with fence, done with brush clearing. It will just be a little bit of maintenance by then. I am willing to do what others are not willing to do. So that I can have what they cannot have. For me I see living out in the country isolated as a death sentence, I would be bored to death. Just not my thing, it cool to hang out for a day, but get me back to civilization
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536206
02/20/22 04:27 PM
|
Joined: Sep 2012
Posts: 16,033
Jimbo1
THF Celebrity
|
THF Celebrity
Joined: Sep 2012
Posts: 16,033 |
Give me a house on the lake with a fishable dock and I'm set for life. Never be bored.
FJB - Lets Go Brandon BBB - Bring Back Better Awake - Not Woke!
|
|
|
Re: Property Values Crazy.
[Re: RedRanger]
#8536216
02/20/22 04:34 PM
|
Joined: Dec 2008
Posts: 41,211
J.G.
THF Celebrity
|
THF Celebrity
Joined: Dec 2008
Posts: 41,211 |
To each their own. I want no part of living inside a city limit.
Whole lot of guys I work with do the same thing. We babysit adults, so we want the hell away from them when we are off duty.
800 Yard Steel Range Precision Rifle Instruction Memberships and Classes Available
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536229
02/20/22 04:41 PM
|
Joined: Aug 2020
Posts: 913
BigfootWallace
Tracker
|
Tracker
Joined: Aug 2020
Posts: 913 |
It's nice to be able to grow your own stuff also. We look forward to a big garden every year, get fresh eggs and raise our own beef. I never want to depend on someone else for everything. Plus with the way inflation is right now you save a ton on groceries.
Producers vs Consumers
|
|
|
Re: Property Values Crazy.
[Re: J.G.]
#8536249
02/20/22 05:09 PM
|
Joined: Nov 2005
Posts: 10,641
Greg
THF Celebrity
|
THF Celebrity
Joined: Nov 2005
Posts: 10,641 |
To each their own. I want no part of living inside a city It’s getting so crowded. 4 years and both kids will be out of high school. That’s when we will sell and hopefully find a nice 20-40 acres to settle down on.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536252
02/20/22 05:20 PM
|
Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
I enjoy living in the city most of the time, traffic being the single biggest downside for me. It suits our lifestyle with 4 young kids and my career. I also enjoy having property 1.5 hrs away to get away when I want. I can certainly see pros and cons to both. If I had my wish I'd live in the same place but on 3-5 acres instead of one. That is possible, but I'd probably have to drive another 15-20 minutes on my commute and I don't want to do that.
Everyone has different preferences and there's no right or wrong when it comes to these sorts of things.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536257
02/20/22 05:29 PM
|
Joined: Aug 2010
Posts: 60,296
stxranchman
Obie Juan Kenobi
|
Obie Juan Kenobi
Joined: Aug 2010
Posts: 60,296 |
I had not lived in a city since 1986 till last year in May when I sold my land where I lived in South Texas. I sold at the right time but I also sold at the wrong time. I had a place under contract that was raw land. I could not find a place to rent within 30 miles that was not stupid high. Nothing was available in the country either. I tried by in my area as close as I could but as fast as something hit the market it sold or was under contract. Same with trying to build me a house....electricity was 5 months out, water wells were 10-16 months out, septic was 8-10 months out, builders weren't even returning calls.....I ended up having to buy a house 55 miles from my new place and that was in town. I hated it for 9 months till I decided to go back to work managing a ranch. That allowed me to move and now sell that house...I live in the country and away from any towns. Now I can take my time and get a house built on my new place. I lived less than 2 miles from it now. Perfection.
Are idiots multiplying faster than normal people?
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536266
02/20/22 05:42 PM
|
Joined: Sep 2004
Posts: 2,857
Hooker
Patriarch
|
Patriarch
Joined: Sep 2004
Posts: 2,857 |
As I read a lot of the postings, let me inject a bit,
We sold the Lewisville house years ago, moved to the country,,,, Fantastic, however: YOU WILL AGE, and then it becomes a real chore to travel to the larger Cities for proper medical care. Not to say, rural maintenance is tough when your over 85.
"Happiness is more important then spilled jelly"
|
|
|
Re: Property Values Crazy.
[Re: BigfootWallace]
#8536342
02/20/22 07:49 PM
|
Joined: Dec 2008
Posts: 41,211
J.G.
THF Celebrity
|
THF Celebrity
Joined: Dec 2008
Posts: 41,211 |
It's nice to be able to grow your own stuff also. We look forward to a big garden every year, get fresh eggs and raise our own beef. I never want to depend on someone else for everything. Plus with the way inflation is right now you save a ton on groceries.
Producers vs Consumers I planted a peach, a pear, and a plum tree Feb. 1 Garden is going to get started this year.
800 Yard Steel Range Precision Rifle Instruction Memberships and Classes Available
|
|
|
Re: Property Values Crazy.
[Re: RedRanger]
#8536374
02/20/22 08:16 PM
|
Joined: Nov 2011
Posts: 2,495
der Teufel
Veteran Tracker
|
Veteran Tracker
Joined: Nov 2011
Posts: 2,495 |
For me I see living out in the country isolated as a death sentence, I would be bored to death. Just not my thing, it cool to hang out for a day, but get me back to civilization There's some truth in that. I had a buddy who owned several hundred acres of mostly wooded land a little over an hour away from where I lived. He moved a house onto the property and gave me a key. I'd call and make sure his family wouldn't be out before I went, but otherwise he said act like I owned it. I mended fences, did what I could to improve the roads, and spent more time mowing on his tractor than he did. I hunted feral hogs a lot. Still, sometimes I'd sit on the porch and wonder what I'd do if lived there. I concluded that I'd eventually get bored. YOU WILL AGE, and then it becomes a real chore to travel to the larger Cities for proper medical care. Not to say, rural maintenance is tough when your over 85. This is definitely the truth. I know others will see it differently, but I don't think country living would suit me in the long run.
I have two unwritten rules: 1. 2.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536377
02/20/22 08:19 PM
|
Joined: May 2005
Posts: 2,410
Huntmaster
Veteran Tracker
|
Veteran Tracker
Joined: May 2005
Posts: 2,410 |
And that’s why they have chocolate ice cream and vanilla.
|
|
|
Re: Property Values Crazy.
[Re: J.G.]
#8536379
02/20/22 08:19 PM
|
Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
....Do what others are not willing to do. So that I can have what they cannot have.
Such a great quote that applies to so many things in life.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536479
02/20/22 10:22 PM
|
Joined: Oct 2017
Posts: 5,975
angus1956
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Oct 2017
Posts: 5,975 |
Have lived in the country off and on most of my life. We perfer country living over city life just having open space and no neighbor's on top of us means a lot. Lived in Frisco from 99-2014 till my boys finished school. Got back to the country quick as we could. Yes we all age and have to consider medical services and where they are, I'll be 66 in May and think I have 10+ years of country living left in me.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8536540
02/20/22 11:43 PM
|
Joined: Aug 2008
Posts: 14,956
don k
THF Celebrity
|
THF Celebrity
Joined: Aug 2008
Posts: 14,956 |
I am 75. I have as many years of Country living as I do of years left to live. If I had to move to the city you might as well just shoot me. I already told my kids. I will not go to a nursing home. I will end my life here at the place if it comes to that.
|
|
|
Re: Property Values Crazy.
[Re: Jimbo1]
#8537151
02/21/22 03:17 PM
|
Joined: Jan 2007
Posts: 1,810
MO
Pro Tracker
|
Pro Tracker
Joined: Jan 2007
Posts: 1,810 |
Lakefront properties down are selling for stupid money. It is not uncommon to see homes selling for double or triple what they were 2-4 years ago.
The timing for us was intentional - we bought here on the lake when we saw California coming to Texas in waves with pockets full of equity cash. I was 64, and wanted to get here on the lake fast to lock the taxes on a cheaper home before the boom. I am in the cheap seats and I could not afford to buy my house again today - only been here 4 years.
I couldn't even come close to affording to buy my place again. Think I'll be riding it out and watching the chaos happen around me. I feel really bad for a lot of folks I know that were saving to buy their dream property who have been priced out of the market. Yea, I wish I had the sense to buy my dream lake house before now. I just did a quick search and believe it's a losing cause. Some dreams just aren't meant to come true I guess. I bought my lake lot in 1998, I make a good income , but I would not be able to afford one today. MO
MY BACKYARD , 20,000 ACRES , NO MOWING
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8537204
02/21/22 04:00 PM
|
Joined: Sep 2007
Posts: 7,636
Nathan at Fork
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Sep 2007
Posts: 7,636 |
Why dis this turn into a country living vs city limit thread? Live wherever the hell makes tou happy and be happy others can do the same. Because MERICA!
LETS GET BACK TO THE TOPIC.
|
|
|
Re: Property Values Crazy.
[Re: Jman]
#8537303
02/21/22 05:53 PM
|
Joined: Apr 2005
Posts: 43,991
Stub
OP
THF Celebrity
|
OP
THF Celebrity
Joined: Apr 2005
Posts: 43,991 |
Stub it would be hard to not test the market with that kind of markup. Even with the inflated value of homes $700k plus still buys you a lot of options.
My kids (son and daughter in law) are in real estate down in Austin and they listed her moms house in a gated community. When neighbors around there got wind of what it sold for and how much over ask they got two more immediate listings with others trying to cash in. All of them sold the first weekend for way more than ask. The other people that jumped up and sold their house, where the heck did they go? Situation here is my wife loves her job that is located real close to us and is making good money. If we sold our house we would have to find another house to rent or buy that is close too. If I had that crystal ball that prophesied that the economy was going to collapse in 9 months and the housing market was going to tank, then yes I would sell this one, bank the profits rent a house for a year then explore my options on what to buy at that time. Unfortunately I do not have that Crystal ball or I would be somewhere close to my ocean side home in Cabo San Lucas on my 48' fishing boat with lines out with drinks in hand
Last edited by Stub; 02/21/22 05:55 PM.
“I never forget a face—but in your case, I’ll be glad to make an exception.” —Groucho Marx
|
|
|
Re: Property Values Crazy.
[Re: J.G.]
#8537306
02/21/22 06:00 PM
|
Joined: Apr 2007
Posts: 60,541
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,541 |
It's nice to be able to grow your own stuff also. We look forward to a big garden every year, get fresh eggs and raise our own beef. I never want to depend on someone else for everything. Plus with the way inflation is right now you save a ton on groceries.
Producers vs Consumers I planted a peach, a pear, and a plum tree Feb. 1 Garden is going to get started this year. 3 Peach trees(two are about ready to be replaced), two softshell pecan, 70 yards of blackberries, 20 yards of raspberries, and decent garden here, but adding another 500-600 sq ft to it. I no longer feed out beef for personal use, easier to just buy prime cuts and sub venison in for burger.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8537315
02/21/22 06:11 PM
|
Joined: Jul 2005
Posts: 3,309
Stump_jumper
Veteran Tracker
|
Veteran Tracker
Joined: Jul 2005
Posts: 3,309 |
My daughter and her husband just bought a house on 1 acre in Forney. He was looking for a place with a shop. This one did not have one so he offered $19k under list and got it.
2017 Tundra 5.7 CM 4x4 2006 Champion 2200 Bay Boat
|
|
|
Re: Property Values Crazy.
[Re: Stump_jumper]
#8537349
02/21/22 07:11 PM
|
Joined: Feb 2019
Posts: 1,443
Poppa
Pro Tracker
|
Pro Tracker
Joined: Feb 2019
Posts: 1,443 |
My daughter and her husband just bought a house on 1 acre in Forney. He was looking for a place with a shop. This one did not have one so he offered $19k under list and got it. what was listing price?
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538057
02/22/22 03:35 PM
|
Joined: Apr 2005
Posts: 43,991
Stub
OP
THF Celebrity
|
OP
THF Celebrity
Joined: Apr 2005
Posts: 43,991 |
I often go to Lands of America and look at most of the large land listings of 1,000 acres and up in Texas, Oklahoma, New Mexico, Colorado and Arkansas. Properties that I thought were nice and had been listed for quite some time have been selling quick lately with very few new listings.
Obviously the land grab is and has been smoking hot here in the Southwest.
“I never forget a face—but in your case, I’ll be glad to make an exception.” —Groucho Marx
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538073
02/22/22 03:51 PM
|
Joined: Oct 2007
Posts: 8,287
BradyBuck
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Oct 2007
Posts: 8,287 |
Not sure how this got into a rural vs urban debate but I'm thankful everyday that I'm raising my children in a place that hasn't gone completely crazy.
A place that by in large still has conservative values a place they can grow up in a similar environment that I did.
I guess you guys get used to it but I can't imagine living in the city, I can hardly stand just driving through.
HRCH Washita's Kimber Locked N Loaded GRHRCH Firefly's Rally The Troops MH
|
|
|
Moderated by bigbob_ftw, CCBIRDDOGMAN, Chickenman, Derek, DeRico, Duck_Hunter, hetman, jeh7mmmag, JustWingem, kmon11, kry226, kwrhuntinglab, Payne, pertnear, rifleman, sig226fan (Rguns.com), Superduty, TreeBass, txcornhusker
|