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Re: Property Values Crazy. [Re: PMK] #8599468 05/17/22 04:14 PM
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Originally Posted by PMK
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


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Re: Property Values Crazy. [Re: Stub] #8599492 05/17/22 04:44 PM
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TLK--beautiful place! Living the dream.

Hud--Nice bunker! grin

Re: Property Values Crazy. [Re: Stub] #8599509 05/17/22 05:22 PM
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kind of a big deal
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Hud why don’t you have a draw bridge?


Donate to TX Youth hunting program.... better to donate then to waste it in taxes

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Re: Property Values Crazy. [Re: BOBO the Clown] #8599519 05/17/22 05:43 PM
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Originally Posted by BOBO the Clown
Hud why don’t you have a draw bridge?


thinking about that. It's low hanging fruit.

Re: Property Values Crazy. [Re: Hudbone] #8599530 05/17/22 06:20 PM
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Originally Posted by Hudbone
Originally Posted by BOBO the Clown
Hud why don’t you have a draw bridge?


thinking about that. It's low hanging fruit.


Be a lot cooler if you did..


Donate to TX Youth hunting program.... better to donate then to waste it in taxes

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Re: Property Values Crazy. [Re: DocHorton] #8599704 05/17/22 10:46 PM
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Originally Posted by DocHorton
TLK--beautiful place! Living the dream.

Hud--Nice bunker! grin



Thank you - would not trade it


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Re: Property Values Crazy. [Re: Dave Davidson] #8599706 05/17/22 10:49 PM
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Originally Posted by Dave Davidson
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


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Re: Property Values Crazy. [Re: Stub] #8599718 05/17/22 11:02 PM
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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

Re: Property Values Crazy. [Re: procraft05] #8599771 05/17/22 11:59 PM
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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


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Re: Property Values Crazy. [Re: Stub] #8600423 05/18/22 09:51 PM
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Williamson County made some good changes - it will help some


https://www.statesman.com/story/new...-exemption-increases-seniors/9809960002/


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Re: Property Values Crazy. [Re: tlk] #8600975 05/19/22 05:39 PM
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Originally Posted by tlk
Williamson County made some good changes - it will help some


https://www.statesman.com/story/new...-exemption-increases-seniors/9809960002/


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.
Re: Property Values Crazy. [Re: Stub] #8612458 06/04/22 04:41 PM
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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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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.


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Re: Property Values Crazy. [Re: Creekrunner] #8612490 06/04/22 05:19 PM
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Originally Posted by Creekrunner
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.


I'll pray for your goat.
Re: Property Values Crazy. [Re: Stub] #8612493 06/04/22 05:23 PM
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Originally Posted by Stub
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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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.


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Re: Property Values Crazy. [Re: Stub] #8612525 06/04/22 05:50 PM
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Originally Posted by Stub
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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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.

Re: Property Values Crazy. [Re: Jimbo1] #8629404 06/27/22 10:47 AM
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Originally Posted by Jimbo1
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.


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Re: Property Values Crazy. [Re: Hudbone] #8629410 06/27/22 11:16 AM
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Originally Posted by Hudbone
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


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Re: Property Values Crazy. [Re: Stub] #8629418 06/27/22 11:39 AM
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6200 sq. ft. about what does it cost to build something like this?

Re: Property Values Crazy. [Re: don k] #8629438 06/27/22 12:20 PM
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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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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 up

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 confused2 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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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.


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Re: Property Values Crazy. [Re: J.G.] #8629466 06/27/22 12:52 PM
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Originally Posted by FiremanJG
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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