Forums46
Topics538,021
Posts9,731,906
Members87,055
|
Most Online25,604 Feb 12th, 2024
|
|
|
Re: Property Values Crazy.
[Re: BradyBuck]
#8538081
02/22/22 03:59 PM
|
Joined: Apr 2007
Posts: 60,476
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,476 |
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. There are still very conservative urban burbs.
|
|
|
Re: Property Values Crazy.
[Re: oldoak2000]
#8538301
02/22/22 08:21 PM
|
Joined: Apr 2007
Posts: 60,476
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,476 |
That ponds got hell of a duck blind written all over it. I cant say I blame them, very nice place
|
|
|
Re: Property Values Crazy.
[Re: Stump_jumper]
#8538580
02/23/22 02:38 AM
|
Joined: Nov 2010
Posts: 5,275
jeepercreeper
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Nov 2010
Posts: 5,275 |
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. Ive heard same about other small towns on the east side of DFW. Cali transplants dont like that area I guess.
|
|
|
Re: Property Values Crazy.
[Re: Poppa]
#8538589
02/23/22 02:56 AM
|
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. what was listing price? $379K
2017 Tundra 5.7 CM 4x4 2006 Champion 2200 Bay Boat
|
|
|
Re: Property Values Crazy.
[Re: jeepercreeper]
#8538594
02/23/22 03:02 AM
|
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. Ive heard same about other small towns on the east side of DFW. Cali transplants dont like that area I guess. Nothing in Fate going for less then list. My daughter offered $390 on a house in my neighborhood listed at $385. They would have offered more but they did not like the flooring. My SIL told me it sold for well over $400k.
2017 Tundra 5.7 CM 4x4 2006 Champion 2200 Bay Boat
|
|
|
Re: Property Values Crazy.
[Re: Stump_jumper]
#8538604
02/23/22 03:11 AM
|
Joined: Feb 2019
Posts: 1,440
Poppa
Pro Tracker
|
Pro Tracker
Joined: Feb 2019
Posts: 1,440 |
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? $379K thanks reason i asked is i have 1 acre with 30 x 60 shop that is half a one br living space behind my house its nice i think, cant really get any good comps because of the neighborhood dosent have a lot of turnover, we have been considering selling
|
|
|
Re: Property Values Crazy.
[Re: jeepercreeper]
#8538609
02/23/22 03:18 AM
|
Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
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. Ive heard same about other small towns on the east side of DFW. Cali transplants dont like that area I guess. The house I referenced in my first post that went for over $1.475 and listed for $1.4 was in Heath. Supposedly Forney is growing super fast, a little further out than Heath, but I like that area.
|
|
|
Re: Property Values Crazy.
[Re: jeepercreeper]
#8538629
02/23/22 03:53 AM
|
Joined: Jul 2009
Posts: 9,763
Tin Head
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Jul 2009
Posts: 9,763 |
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. Ive heard same about other small towns on the east side of DFW. Cali transplants dont like that area I guess. seen a lot of chicago the last time I drove through the area a few months back
|
|
|
Re: Property Values Crazy.
[Re: oldoak2000]
#8538708
02/23/22 12:15 PM
|
Joined: Apr 2005
Posts: 43,923
Stub
OP
THF Celebrity
|
OP
THF Celebrity
Joined: Apr 2005
Posts: 43,923 |
There is a deal Pending on it, probably a developer is buying it? For $2.5 Mil. that is not bad for a great looking house and 69 acres ($36,,231 per acre) for wooded land right next to the lake. Interesting old sub division just north with al of the small homes and trailers!
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538714
02/23/22 12:32 PM
|
Joined: Dec 2013
Posts: 6,925
GasGuzzler
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Dec 2013
Posts: 6,925 |
$36K per acre is actually really high relative to the area and to history.
Pass the gravy.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538717
02/23/22 12:35 PM
|
Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
|
THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
It is called inflation. What was your take home 20 years ago?
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538745
02/23/22 01:02 PM
|
Joined: Oct 2008
Posts: 15,184
Tbar
THF Celebrity
|
THF Celebrity
Joined: Oct 2008
Posts: 15,184 |
FWIW, Home prices climb to the highest levels in 34 years, 18.8% YOY as of Dec 31, 2021..
Make America Great Again
|
|
|
Re: Property Values Crazy.
[Re: bill oxner]
#8538751
02/23/22 01:07 PM
|
Joined: Aug 2020
Posts: 913
BigfootWallace
Tracker
|
Tracker
Joined: Aug 2020
Posts: 913 |
It is called inflation. What was your take home 20 years ago? Poll after poll after poll has shown that inflation is the #1 priority for Americans right now. If everyone's take home matched the trajectory of the prices we are seeing it would not be that big of a deal. Not sure why that's so hard to understand.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538869
02/23/22 03:03 PM
|
Joined: May 2006
Posts: 9,794
ILUVBIGBUCKS
THF Trophy Hunter
|
THF Trophy Hunter
Joined: May 2006
Posts: 9,794 |
Ran into one of neighbors this morning that is selling his house, it is 2,930 sq foot house with 4 bed, 3 bath a pool and lots of updates. Previously he shared with me that they would probably list it for $695,000, but said a realtor told him at least $715,000. So this morning I ask him how is the house selling going? He grins and says we have it under contract and guess how much? I pop off and say $715,000, his grin gets bigger as he shakes his head side to side and say nope, I say $745,000 and again Nope with an even bigger grin Me okay how much? He said they listed it for $739,900 had more than 30 showings in less than a month and had two people offer $775,000 with both parties knowing they will have to come to the table with more $$$ if the appraisal does not get there. They accepted the one with the most favorable closing conditions. Maybe it's time to sell our house and take the money and run, question is where to?Exactly right. Sell and do what? Anything you buy or build will cost you and arm and a leg to. Hell, it is everywhere now in TX. There are some new subdivisions in far east Bexar County off IH10 that are going to be absolute ghettos within 10 years or less. These are very, very crappy built homes without a piece of masonry on them and are built literally 6' apart. They are small homes and being marketed as 'starter homes' and selling like hotcakes at $200/sf. Yup....a quarter million for a 1,200 sf house where when you fart your neighbor both hears and smells it. This is straight up crazy what is happening right now and there is absolutely no way in hell it can sustain itself. The market is going to crash and crash hard and there will be thousands and thousands of foreclosures as well as many people who will still be making large house mortgage payments on a home they are literally 'upside down' on for a long, long time.
High fence, low fence, no fence, it really doesn't matter as long as you're hunting!
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538877
02/23/22 03:13 PM
|
Joined: Oct 2014
Posts: 122
Jamoke
Woodsman
|
Woodsman
Joined: Oct 2014
Posts: 122 |
That is amazing, we had neighbors from California. Never really talked to them much. They bought a house on one acre across the street 3 years ago for $411,000. 5 bedrooms 4 baths, pool, 2 brick out buildings, one with a small beauty shop for the previous wife family own use. really well put together house. They never advertised here, no signs nothing, they just sold for $715,000. I'm pretty sure they only advertised in California. I live in Belton Tx out in the county.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538887
02/23/22 03:21 PM
|
Joined: Oct 2017
Posts: 5,952
angus1956
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Oct 2017
Posts: 5,952 |
When the housing market crashes it will be hard and on it's face. The stars are aligning for this to happen. 1. Inflation out of control over 7% 2. Interest rates on the rise 4%+ 3. No inventory 1.5 million homes not on the market causing out of control pricing. This is due to COVID and people not moving and working from home. 4. Feds not proping up the housing industry as of early 2022 5. Bear stock market on the horizon 6. Banks will be foreclosing on home loans and calling in notes. Which they could not due because of COVID during this time (2 years). What did I leave out?
|
|
|
Re: Property Values Crazy.
[Re: bill oxner]
#8538895
02/23/22 03:33 PM
|
Joined: Apr 2007
Posts: 60,476
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,476 |
It is called inflation. What was your take home 20 years ago? According to every inflation calculator my home should only be worth half of what I’ve been offered… So it’s way more then inflation.
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538900
02/23/22 03:39 PM
|
Joined: Aug 2013
Posts: 2,072
cabosandinh
Veteran Tracker
|
Veteran Tracker
Joined: Aug 2013
Posts: 2,072 |
land and property still cheap in west texas
sell your house and move to Leuders
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538903
02/23/22 03:42 PM
|
Joined: Sep 2004
Posts: 10,850
DannyB
THF Celebrity
|
THF Celebrity
Joined: Sep 2004
Posts: 10,850 |
John Williams Shadowstats gets quoted a lot by various financial writers. He quotes CPI the way it should be, by what we actually "consume." By his calculations CPI is a little over 15%. Here is a quote from his 2/20 update: "Bureau of Labor Statistics Reveals It Cannot Measure the CPI Properly, At Present. FOMC Has Trouble Forecasting Inflation One Quarter Ahead, Let Alone Two Years Ahead. Despite Talk of “Tightening” in 2022 or 2023, FOMC Is “Easing” Anew in Its Latest Actions" http://www.shadowstats.com/
Last edited by DannyB; 02/23/22 03:47 PM.
|
|
|
Re: Property Values Crazy.
[Re: cabosandinh]
#8538915
02/23/22 03:52 PM
|
Joined: Sep 2004
Posts: 12,422
RedRanger
THF Celebrity
|
THF Celebrity
Joined: Sep 2004
Posts: 12,422 |
land and property still cheap in west texas
sell your house and move to Leuders
|
|
|
Re: Property Values Crazy.
[Re: Stub]
#8538944
02/23/22 04:18 PM
|
Joined: Aug 2020
Posts: 913
BigfootWallace
Tracker
|
Tracker
Joined: Aug 2020
Posts: 913 |
Yes, it would be absolutely terrible to have to live on the Clear fork of the Brazos River. (Leuders) Shackleford County only produced like 3 dozen bucks over 180" this year.
|
|
|
Re: Property Values Crazy.
[Re: BigfootWallace]
#8538974
02/23/22 04:56 PM
|
Joined: Dec 2009
Posts: 9,835
The Dude Abides
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Dec 2009
Posts: 9,835 |
Shackleford County only produced like 3 dozen bucks over 180" this year. I don't really think that's an import or deciding factor for buying real estate right now.
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
|
|
|
Re: Property Values Crazy.
[Re: BigfootWallace]
#8538975
02/23/22 04:56 PM
|
Joined: Sep 2004
Posts: 12,422
RedRanger
THF Celebrity
|
THF Celebrity
Joined: Sep 2004
Posts: 12,422 |
Yes, it would be absolutely terrible to have to live on the Clear fork of the Brazos River. (Leuders) Shackleford County only produced like 3 dozen bucks over 180" this year. Yea Leuders looks like a real up and coming area, No Thanks I just googled earth the place looks like a ghost town.
|
|
|
Re: Property Values Crazy.
[Re: BigfootWallace]
#8538981
02/23/22 05:03 PM
|
Joined: Apr 2007
Posts: 60,476
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,476 |
Yes, it would be absolutely terrible to have to live on the Clear fork of the Brazos River. (Leuders) Shackleford County only produced like 3 dozen bucks over 180" this year. Any of them killed on ranchettes?
|
|
|
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
|