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Feb 12th, 2024
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 Re: Property Values Crazy.
[Re: PMK]
#8599468
05/17/22 04:14 PM
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Joined: Jul 2013
Posts: 6,032
tlk
THF Trophy Hunter
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we used to live on Eastview drive (between 130 & EV High school north of 29). Beautiful area, fabulous sunsets, amazing but lots of rattlesnakes... yeah, the property values have skyrocketed around here
we are right past Eastview - been here 3 years - no rattlesnakes seen but a few water snakes - we love it out here (and we are about a mile from Toll 130 - makes it real handy
You can't fix stupid
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Re: Property Values Crazy.
[Re: Stub]
#8599492
05/17/22 04:44 PM
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Joined: Dec 2010
Posts: 8,841
DocHorton
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TLK--beautiful place! Living the dream. Hud--Nice bunker! 
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Re: Property Values Crazy.
[Re: Stub]
#8599509
05/17/22 05:22 PM
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Joined: Apr 2007
Posts: 60,428
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,428 |
Hud why don’t you have a draw bridge?
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Re: Property Values Crazy.
[Re: BOBO the Clown]
#8599519
05/17/22 05:43 PM
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Joined: Jul 2019
Posts: 14,153
Hudbone
THF Celebrity
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Hud why don’t you have a draw bridge? thinking about that. It's low hanging fruit.
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Re: Property Values Crazy.
[Re: Hudbone]
#8599530
05/17/22 06:20 PM
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Joined: Apr 2007
Posts: 60,428
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,428 |
Hud why don’t you have a draw bridge? thinking about that. It's low hanging fruit. Be a lot cooler if you did..
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Re: Property Values Crazy.
[Re: DocHorton]
#8599704
05/17/22 10:46 PM
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Joined: Jul 2013
Posts: 6,032
tlk
THF Trophy Hunter
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Posts: 6,032 |
TLK--beautiful place! Living the dream. Hud--Nice bunker! Thank you - would not trade it
You can't fix stupid
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Re: Property Values Crazy.
[Re: Dave Davidson]
#8599706
05/17/22 10:49 PM
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Joined: Jul 2013
Posts: 6,032
tlk
THF Trophy Hunter
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Dang TLK, now I see how the other half lives. Nice place.
My 133 acres of “get away from home” is good only for hunting and fishing and peeing off the porch. Not a thing wrong with that! I have had the same type of property and loved it too
You can't fix stupid
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Re: Property Values Crazy.
[Re: Stub]
#8599718
05/17/22 11:02 PM
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Joined: Feb 2010
Posts: 11,658
GusWayne
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Here in Tx, it’s just the start
Creeping interest rates aren’t going to keep buyers out
What’s a prime rate now?
5%-5.5%
Until we see 10%, I don’t see it slowing
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Re: Property Values Crazy.
[Re: GusWayne]
#8599771
05/17/22 11:59 PM
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Joined: Nov 2010
Posts: 3,222
Marc K
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Coming in with 80% to 100% down makes the interest rates less important to some of these folks. I am seeing a lot of cash purchases at $750K to $1.5 million+ around here now and I am in the cheap seats. The big boys with real money play across the cove from me and I suspect that they are not losing sleep over property taxes or mortgage interest rates like I would if were just coming in here.
I am heading in to see the appraisal district tomorrow and hope to show enough comps to get by appraisal reduced by more than 50%.
Marc
A Democracy is when two wolves and a lamb vote on the dinner menu. That is why this country was specifically not designed as a Democracy. We are a Constitutional Republic.
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Re: Property Values Crazy.
[Re: Stub]
#8600423
05/18/22 09:51 PM
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Joined: Jul 2013
Posts: 6,032
tlk
THF Trophy Hunter
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Posts: 6,032 |
You can't fix stupid
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Re: Property Values Crazy.
[Re: tlk]
#8600975
05/19/22 05:39 PM
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Joined: Nov 2010
Posts: 3,222
Marc K
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Good move, but their tax revenues are going to soar far beyond what they are giving back. Voters all over Texas need to become fully aware of the windfall that their county and school district will see. Everyone needs to be held accountable for how that is handled. Marc
Last edited by Marc K; 05/19/22 05:40 PM.
A Democracy is when two wolves and a lamb vote on the dinner menu. That is why this country was specifically not designed as a Democracy. We are a Constitutional Republic.
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Re: Property Values Crazy.
[Re: Stub]
#8612458
06/04/22 04:41 PM
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Joined: Apr 2005
Posts: 43,854
Stub
OP
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OP
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The wife and I were out garage & estate sale shopping this am, we were about 5 blocks north of our house and found one.
People have one son in high school and are afraid the economy is going to tank along with the housing market so they sold their very nice looking 4,000 sq foot house with a big pool, back patio is covered by a big wooden A-Frame on Zillow to a man who lives in Pittsburg, PA for $890,000 cash, yep cash no finance and he has only seen the pics posted on zillow.
They were also happy that there is No Real Estate Fees incurred.
They rented a house close by until their son graduates from high school, then they hope to buy another house cheap at the bottom of their projected housing crash!
Good strategy?
Last edited by Stub; 06/04/22 04:47 PM.
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Re: Property Values Crazy.
[Re: Stub]
#8612471
06/04/22 04:55 PM
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Joined: Oct 2012
Posts: 25,247
Creekrunner
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Balzy, that's for sure. Even though he gets to stay at the same school, I can't imagine the teenage boy being pleased with it.
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
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Re: Property Values Crazy.
[Re: Creekrunner]
#8612490
06/04/22 05:19 PM
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Joined: Oct 2008
Posts: 16,734
68rustbucket
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Balzy, that's for sure. Even though he gets to stay at the same school, I can't imagine the teenage boy being pleased with it. I’m sure he’ll get over it. He has no choice in the matter.
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Re: Property Values Crazy.
[Re: Stub]
#8612493
06/04/22 05:23 PM
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Joined: Dec 2008
Posts: 41,163
J.G.
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The wife and I were out garage & estate sale shopping this am, we were about 5 blocks north of our house and found one.
People have one son in high school and are afraid the economy is going to tank along with the housing market so they sold their very nice looking 4,000 sq foot house with a big pool, back patio is covered by a big wooden A-Frame on Zillow to a man who lives in Pittsburg, PA for $890,000 cash, yep cash no finance and he has only seen the pics posted on zillow.
They were also happy that there is No Real Estate Fees incurred.
They rented a house close by until their son graduates from high school, then they hope to buy another house cheap at the bottom of their projected housing crash!
Good strategy? I don't think it is going to crash in Texas. It may lower, but not crash. Too many people moving in from out of state, and not enough housing for them. They may well end up spending a good chunk of the money they made, and not get an equivalent house out of the deal. Lumber pricing relaxing will help bring down house prices, but there's only so much land to build houses on.
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Re: Property Values Crazy.
[Re: Stub]
#8612499
06/04/22 05:27 PM
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Joined: Sep 2012
Posts: 15,962
Jimbo1
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Just read a report that said 51% of all homes sold in Tarrant County last year were to investors, half of those became rentals and the rest were flipped.
FJB - Lets Go Brandon
BBB - Bring Back Better
Awake - Not Woke!
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Re: Property Values Crazy.
[Re: Stub]
#8612525
06/04/22 05:50 PM
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Joined: Feb 2008
Posts: 12,221
Grizz
THF Celebrity
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The wife and I were out garage & estate sale shopping this am, we were about 5 blocks north of our house and found one.
People have one son in high school and are afraid the economy is going to tank along with the housing market so they sold their very nice looking 4,000 sq foot house with a big pool, back patio is covered by a big wooden A-Frame on Zillow to a man who lives in Pittsburg, PA for $890,000 cash, yep cash no finance and he has only seen the pics posted on zillow.
They were also happy that there is No Real Estate Fees incurred.
They rented a house close by until their son graduates from high school, then they hope to buy another house cheap at the bottom of their projected housing crash!
Good strategy? I've thought about doing the same thing. I just haven't found the backbone to pull the trigger.
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Re: Property Values Crazy.
[Re: Stub]
#8629398
06/27/22 10:08 AM
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Joined: Jul 2019
Posts: 14,153
Hudbone
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Joined: Jul 2019
Posts: 14,153 |
Think I heard it all yesterday. Nephew gradgeated from HS and so Sis held a lil' get together at a NW Austin gathering place. Some good people there. One of the BIL's closest friends, a very successful & nice fella was talking about issues he was having with trying to purchase a boat slip on lake Austin. I know there are boat slips on Canyon Lake which cost near a thousand dollars monthly, but I could not begin to fathom the information I was about to gather.
He had found a nice one for sale in a private spot on lake Austin with only 27 other spots. Nice and quaint with a really nice slip that included a party deck over it. He offered them their $1,000,000 asking price, but they pulled it off the market. Seems another is going for sale significantly higher and they want to see what is going to take place with that one.
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Re: Property Values Crazy.
[Re: Jimbo1]
#8629404
06/27/22 10:47 AM
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Joined: Jul 2005
Posts: 3,309
Stump_jumper
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Just read a report that said 51% of all homes sold in Tarrant County last year were to investors, half of those became rentals and the rest were flipped. It is 45% in Rockwall county. I think Tarrant and Rockwall were number 1 and 2. Fortunately I don't think we have renters in my little neighborhood. I figure renters don't want to mow 1+ acre lots.
2017 Tundra 5.7 CM 4x4
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Re: Property Values Crazy.
[Re: Hudbone]
#8629410
06/27/22 11:16 AM
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Joined: Nov 2010
Posts: 3,222
Marc K
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Think I heard it all yesterday. Nephew gradgeated from HS and so Sis held a lil' get together at a NW Austin gathering place. Some good people there. One of the BIL's closest friends, a very successful & nice fella was talking about issues he was having with trying to purchase a boat slip on lake Austin. I know there are boat slips on Canyon Lake which cost near a thousand dollars monthly, but I could not begin to fathom the information I was about to gather.
He had found a nice one for sale in a private spot on lake Austin with only 27 other spots. Nice and quaint with a really nice slip that included a party deck over it. He offered them their $1,000,000 asking price, but they pulled it off the market. Seems another is going for sale significantly higher and they want to see what is going to take place with that one.
Same thing still happening here on Cedar Creek Lake. Money from Dallas and California have discovered our quiet little corner. Prices for places on open water have gone insane. I would have never projected homes selling for $5 million to $15 million. Marc
A Democracy is when two wolves and a lamb vote on the dinner menu. That is why this country was specifically not designed as a Democracy. We are a Constitutional Republic.
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Re: Property Values Crazy.
[Re: Stub]
#8629418
06/27/22 11:39 AM
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Joined: Aug 2008
Posts: 14,950
don k
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![[Linked Image]](https://texashuntingforum.com/forum/pics/userpics/2022/06/full-9089-352607-img_3069.jpg) 6200 sq. ft. about what does it cost to build something like this?
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Re: Property Values Crazy.
[Re: don k]
#8629438
06/27/22 12:20 PM
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Joined: Dec 2008
Posts: 41,163
J.G.
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At $200 sq/ft, that would be $1,240,000
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Re: Property Values Crazy.
[Re: Stub]
#8629439
06/27/22 12:21 PM
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Joined: Apr 2005
Posts: 43,854
Stub
OP
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OP
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My elderly neighbors just listed their 429 acre ranch in the far eastern side of Hamilton county just west of Cranfills Gap for $5,400,000.= $12,587 per acre. I think they paid around 700 per acre back in the 90's when they bought it, nice ROI  There are to old to do the necessary upkeep on it and their kids do not go down there and they won't give it to me  so away it goes. Terrible pictures from their realtor who is going to have someone else take better ones https://www.landsoftexas.com/property/429.6-acres-in-Hamilton-County-Texas/14601712/
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Re: Property Values Crazy.
[Re: Stub]
#8629440
06/27/22 12:21 PM
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Joined: Oct 2012
Posts: 25,247
Creekrunner
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No idea. But I hope they did their site work correctly, with the water that's gonna come off that hill.
Right now, it's amazing to me how some construction projects move right along (like a commercial strip center across the highway from me) and how others are just piddled with by a few guys, then nothing for weeks. No way I'd have a house built right now.
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
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Re: Property Values Crazy.
[Re: J.G.]
#8629466
06/27/22 12:52 PM
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Joined: Jul 2019
Posts: 14,153
Hudbone
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At $200 sq/ft, that would be $1,240,000 Likely low. insured a stable (yes, a horse barn) for $200 a SF the other day. Yes, it was designed to mimic the appearance of the high end custom being built on that 20 acres at a cost of $350 per SF. Somewhere not to far north of Blanco.
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