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Feb 12th, 2024
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 Re: Housing bubble near??
[Re: tlk]
#8614996
06/08/22 01:14 AM
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Joined: Jul 2019
Posts: 14,220
Hudbone
THF Celebrity
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Joined: Jul 2019
Posts: 14,220 |
Too many of you seem to think this might be a good thing.
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Re: Housing bubble near??
[Re: Hudbone]
#8615015
06/08/22 01:39 AM
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Joined: Dec 2008
Posts: 41,173
J.G.
THF Celebrity
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Joined: Dec 2008
Posts: 41,173 |
Too many of you seem to think this might be a good thing. It is a good thing if you're a buyer.
![[Linked Image]](http://www.precisionriflehunters.com/wp-content/uploads/2017/07/garvey.jpg) 800 Yard Steel Range Precision Rifle Instruction Memberships and Classes Available
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Re: Housing bubble near??
[Re: tlk]
#8615075
06/08/22 02:00 AM
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Joined: Jun 2015
Posts: 5,176
scottfromdallas
THF Trophy Hunter
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Joined: Jun 2015
Posts: 5,176 |
Count me in the camp that thinks it’s going to crater soon. Last bubble Texas wasn’t bad because we never saw the appreciation. This time we are seeing it. My house has more than doubled in price the last 5 years. Higher rates, rapid inflation, rapidly increasing home prices, and stagnant wages are a recipe for the bubble popping.
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Re: Housing bubble near??
[Re: J.G.]
#8615083
06/08/22 02:03 AM
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Joined: Aug 2005
Posts: 31,959
txtrophy85
THF Celebrity
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Joined: Aug 2005
Posts: 31,959 |
I doubt the that prices will soften much, if at all. Too many outside factors. I don’t thing the bubble will burst, but current prices will plateau.
No way to tell 100% but lots of outside factors and record low inventory point to the housing market staying steady in Texas. Historically Texas has bucked nationwide trends….again outside factors here they are not applicable to other areas.
Agreed. Even in 2008, when my wife asked "what is this recession they are talking about? I don't see it." I said, because you are living in one of the most prosperous and growing counties in the entire nation. (Collin county) In 2008 I took a cross country trip. Once I left Texas, up to Chicago over to Michigan and down thru Ohio, Kentucky and Tennessee, it was dead. Like dead dead. As soon as I crossed into Texarkana construction started back up again. Texas has always been a unique place. In the 80’s hordes of people from Michigan and New England moved here for jobs.
For it is not the quarry that we truly seek, but the adventure.
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Re: Housing bubble near??
[Re: tlk]
#8615090
06/08/22 02:07 AM
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Joined: Aug 2005
Posts: 31,959
txtrophy85
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 31,959 |
Someone please explain to me what this bubble popping would look like?
For it is not the quarry that we truly seek, but the adventure.
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Re: Housing bubble near??
[Re: tlk]
#8615094
06/08/22 02:09 AM
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Joined: Jan 2011
Posts: 46,950
Gravytrain
THF Celebrity
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Joined: Jan 2011
Posts: 46,950 |
But I bet it won't happen to hunting land acreage.
Upon us all, upon us all, a little rain must fall
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Re: Housing bubble near??
[Re: tlk]
#8615110
06/08/22 02:18 AM
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Joined: Sep 2006
Posts: 4,906
luv2brode
Extreme Tracker
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Extreme Tracker
Joined: Sep 2006
Posts: 4,906 |
It’s coming but it will be national as usually
i am cancelling my subscription, i am tired of your issues!
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Re: Housing bubble near??
[Re: tlk]
#8615127
06/08/22 02:34 AM
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Joined: Oct 2004
Posts: 39,549
redchevy
THF Celebrity
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Joined: Oct 2004
Posts: 39,549 |
We have other i creasing prices to go with the homes this go round. A number 1 at whataburger was almost $11 the other day.
It's hell eatin em live
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Re: Housing bubble near??
[Re: tlk]
#8615131
06/08/22 02:41 AM
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Joined: Apr 2005
Posts: 19,821
TurkeyHunter
THF Celebrity
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THF Celebrity
Joined: Apr 2005
Posts: 19,821 |
It’s like a smelly bubble in the bathtub.
To be determined
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Re: Housing bubble near??
[Re: txtrophy85]
#8615136
06/08/22 02:50 AM
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Joined: Jan 2014
Posts: 12,766
Paluxy
THF Celebrity
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Joined: Jan 2014
Posts: 12,766 |
Someone please explain to me what this bubble popping would look like?
Realtors would actually have to show real estate again
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Re: Housing bubble near??
[Re: Gravytrain]
#8615153
06/08/22 02:56 AM
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Joined: Apr 2007
Posts: 60,483
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,483 |
But I bet it won't happen to hunting land acreage. Actually it could, now farm land probably not as likely as Farm typically has better yearly revenue
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Re: Housing bubble near??
[Re: tlk]
#8615190
06/08/22 03:23 AM
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Joined: Aug 2009
Posts: 22,716
BigPig
THF Celebrity
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Joined: Aug 2009
Posts: 22,716 |
Lots of secondary homes will flood the market, as will unnecessary land purchases. Being cash heavy right now will be a good thing in the next few years.
Like doc said, DFW and most of Texas is protected. The coasts will feel it fast and hard.
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Re: Housing bubble near??
[Re: BOBO the Clown]
#8615203
06/08/22 03:45 AM
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Joined: Oct 2017
Posts: 5,955
angus1956
THF Trophy Hunter
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Joined: Oct 2017
Posts: 5,955 |
But I bet it won't happen to hunting land acreage. Actually it could, now farm land probably not as likely as Farm typically has better yearly revenue Good old Oklahoma timber/jungle isn't cheap anymore seen some at 3-5K per acer.
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Re: Housing bubble near??
[Re: txtrophy85]
#8615207
06/08/22 04:02 AM
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Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
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Posts: 8,841 |
Someone please explain to me what this bubble popping would look like?
Houses that are listed at $500k will go for $485k instead of going for $550k. Lol.
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Re: Housing bubble near??
[Re: angus1956]
#8615297
06/08/22 12:35 PM
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Joined: Apr 2007
Posts: 60,483
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,483 |
But I bet it won't happen to hunting land acreage. Actually it could, now farm land probably not as likely as Farm typically has better yearly revenue Good old Oklahoma timber/jungle isn't cheap anymore seen some at 3-5K per acer. It’s all gotten stupid I looked at some farm land the other day that was 4800, 10 years ago it was 1200 an acre
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Re: Housing bubble near??
[Re: tlk]
#8615313
06/08/22 12:58 PM
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Joined: Oct 2006
Posts: 18,556
ducknbass
THF Celebrity
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THF Celebrity
Joined: Oct 2006
Posts: 18,556 |
All these high end duck hunters paying top dollar for farm land to shoot ducks pushing up the cost!
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Re: Housing bubble near??
[Re: DocHorton]
#8615333
06/08/22 01:16 PM
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Joined: Dec 2008
Posts: 41,173
J.G.
THF Celebrity
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Joined: Dec 2008
Posts: 41,173 |
Someone please explain to me what this bubble popping would look like?
Houses that are listed at $500k will go for $485k instead of going for $550k. Lol. So true!
800 Yard Steel Range Precision Rifle Instruction Memberships and Classes Available
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Re: Housing bubble near??
[Re: DocHorton]
#8615339
06/08/22 01:21 PM
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Joined: Aug 2005
Posts: 31,959
txtrophy85
THF Celebrity
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Joined: Aug 2005
Posts: 31,959 |
Someone please explain to me what this bubble popping would look like?
Houses that are listed at $500k will go for $485k instead of going for $550k. Lol. Exactly.
For it is not the quarry that we truly seek, but the adventure.
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Re: Housing bubble near??
[Re: txtrophy85]
#8615351
06/08/22 01:31 PM
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Joined: Oct 2004
Posts: 39,549
redchevy
THF Celebrity
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Joined: Oct 2004
Posts: 39,549 |
Someone please explain to me what this bubble popping would look like?
Houses that are listed at $500k will go for $485k instead of going for $550k. Lol. Exactly. That’s business as usual not a bubble though.
It's hell eatin em live
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Re: Housing bubble near??
[Re: 68rustbucket]
#8615409
06/08/22 02:24 PM
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Joined: Nov 2010
Posts: 5,275
jeepercreeper
THF Trophy Hunter
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Joined: Nov 2010
Posts: 5,275 |
Yep. Austin, DFW, Houston are where all the implants come for the job markets and that's why it's insane in these metros now and future. South of Austin, San Antonio area is more military and tourism, much fewer implants and impact to that area.
You must not frequent this area very often. The implants are here. I'm from that area and believe me......the implants north of you are 100x what yall are seeing south of Austin. All the tech jobs are in ATX, DFW, Houston so all the tech people are flocking. I now live and work amongst Californians in a big way.
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Re: Housing bubble near??
[Re: tlk]
#8615413
06/08/22 02:27 PM
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Joined: Nov 2010
Posts: 5,275
jeepercreeper
THF Trophy Hunter
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Joined: Nov 2010
Posts: 5,275 |
There wont be a bubble burst in TX but definitely a correction. There has to be. I have 2 co-workers that bought $1mm homes in the past year that were really more like $500-$600k homes (both from CA)
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Re: Housing bubble near??
[Re: jeepercreeper]
#8615471
06/08/22 03:41 PM
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Joined: Oct 2008
Posts: 16,797
68rustbucket
THF Celebrity
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Joined: Oct 2008
Posts: 16,797 |
Yep. Austin, DFW, Houston are where all the implants come for the job markets and that's why it's insane in these metros now and future. South of Austin, San Antonio area is more military and tourism, much fewer implants and impact to that area.
You must not frequent this area very often. The implants are here. I'm from that area and believe me......the implants north of you are 100x what yall are seeing south of Austin. All the tech jobs are in ATX, DFW, Houston so all the tech people are flocking. I now live and work amongst Californians in a big way. A lot of them are here. The real estate isn’t as expensive as Austin, yet.
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Re: Housing bubble near??
[Re: jeepercreeper]
#8615483
06/08/22 03:54 PM
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Joined: Aug 2005
Posts: 31,959
txtrophy85
THF Celebrity
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Posts: 31,959 |
There wont be a bubble burst in TX but definitely a correction. There has to be. I have 2 co-workers that bought $1mm homes in the past year that were really more like $500-$600k homes (both from CA) there does not have to be...that number is the new market. Nothing is absolute but there does not have to be a correction.
For it is not the quarry that we truly seek, but the adventure.
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Re: Housing bubble near??
[Re: txtrophy85]
#8615489
06/08/22 04:04 PM
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Joined: Apr 2012
Posts: 1,687
SherpaPhil
Pro Tracker
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Pro Tracker
Joined: Apr 2012
Posts: 1,687 |
There wont be a bubble burst in TX but definitely a correction. There has to be. I have 2 co-workers that bought $1mm homes in the past year that were really more like $500-$600k homes (both from CA) there does not have to be...that number is the new market. Nothing is absolute but there does not have to be a correction. Agreed. I think we will obviously see a slow down, and likely some stagnation, but prices aren't coming back down.
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Re: Housing bubble near??
[Re: tlk]
#8615547
06/08/22 05:35 PM
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Joined: Mar 2019
Posts: 927
GNTX
Tracker
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Tracker
Joined: Mar 2019
Posts: 927 |
Hopefully it can stay this way for a few more weeks until I get my house sold. Already bought the new place at the inflated prices, but looking to make it more of a wash with the inflated value of my current home.
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