Not if you or spouse is over a certain age.

Not sure that's how math works but we'll roll with it

You still need to fight that value even if your taxes are frozen. You don't want to pass down a property that is artificially high to your heirs. Easier to fight it now then to wait and let it get way out of line.

Have Tried with LLano Apprasial for the last 3 years we have been here. Frozen here. No relief or very little with these Corksuckers. All our comps where down on waterfront properties and my new place is a block off. Did get 9 acres in AG or think we did. At least they sent the paperwork saying so. Sold a vacant lot over in Granite Shoals (Burnet Co,) because it (taxes) went through the roof because in was Lakeview.. Said that on the tax form. Went up every year we had it because it was across the street from Lake LBJ. Oh and F Um All!

If the housing prices weren't so high already, 5.9% would still be a good deal compared to years past. I feel for anyone trying to get a house right now. Glad our home is paid off and no recurring CC debt. I am still paying 1.9 on my truck for a few more years though. Don't think it's worth it to pay off. Trying to maintain 50% of before-retirement income in cash for emergencies.

1.9% is damn near free money. You're doing it right.

Thanks. I averaged about 400 hours of overtime each of the last 5 years before I retired and the wife did her magic with our finances. But I was too late to get the lake house I always wanted. Oh well.

What I was trying to say in the other thread. Been a lot of very very cheap money being loaned out on the corporate side for a while now.

How many Congressmen you think have large holdings in Real Estate Type companies…. A bunch

We bought our property in January of 2020 for $380k at 3.7% with $40k down on a 30 year.

We refinanced about a year later at 1.7% on a 20 year.

If I was to put my property on the market today I'd would ask around $700k...

There is no way in H E double hockey sticks I could afford this place in today's market much less with today's rates...

I can't imagine it won't slow the market down.

And that's why renters cannot afford to buy...need that down payment. The days of 0% down are long gone in most cases.

We bought our first house in 2009 and sold to buy this place. Only reason we could afford the down payment.

You did good!

Raw land at 3.7% or did it have a house on it?

Ditto, amigo.

Talk to anyone that works in the mortgage lending industry and they're probably looking for a new job. The lending companies ramped up the last few years and will soon be shedding jobs.

As far as the OP's question, my guess is anything over 7% would pretty much kill any deal; ESPECIALLY those with a buyer limping into a transaction with minimal money down. The NAR said about half of mortgage loans bring less than 10% to the table. Can you imagine a 50% reduction in residential transaction volume? Commercial follows rooftops...unfortunately.

I think more of those developer-owned rental communities will continue to pop-up with increasing frequency. I cannot imagine living in one, but others will do it without batting an eye. Private home ownership will become an endangered species soon.

16 Acres with 2700 sq/ft house built in 2011.

Just curious that rate on land would be unheard of.

Curious, where did that number come from?

I should have been more specific...by "commercial" I meant not a "primary home" type loan. "Commercial" typically means more than 4 units, or a retail type space, but I just meant any loan that isn't a home mortgage.

I closed on a property last week.....I got 4.45% locked for 5 years with a 20 year AM, 20 year term. It adjusts every 5 years, max adjustment of 2%.

Article in DMN but don't remember what day. Sometimes I get behind reading the paper

Thank you, found it. Same article said that Tarrant Co. leads with 52% going to investment firms.

For yall youngsters that dont know how it was back in the day.

"What rate slows the housing market"


Rates?? Watch the Stock market, There's your answer.

If they bought them from owners that lived in them then they created an artificially inflated market and removed inventory. Free market but really is crappy for the average American.