Is Dallas real estate really 48% over valued?

[Anta Assamey]

4 minutes ago, argadorn said:

Yup houston 

Do they pay well in Houston ...

[csrcsr]

Just now, Anta Assamey said:

Do they pay well in Houston ...

well is relative anna what are youwants chepthe will they reach ur expevctation or not chepotamu

[budgetpadbhanabam]

the trend i am seeing in desi populated areas like frisco, mckinney, propsor etc

 

1. People not willing to pay more than asking price or not interested to buy small sq footage homes and lots even-though they are newly built eg Lexington park where they are selling 37 and 41 foot lots.

2. If the house got decent sq footage and lot size they are paying asking price or negotiating but # of bids/offers went down 80%

3. The market is still hot for good communities with good size homes where lot of desis due to less inventory.

4.People thinking the interest rate will go down eventually after 2 to 3 yrs but they dont want to miss the house in good communities and buying them with in their budget.

5. properties being purchased for investment went down 90%

 

DFW esp desi populated areas did survive previous bubbles becoz of low cost investments but this time people are really careful making purchases since the prices bumped upto 50% in good communities.

 

My 2 cents: if you are really not in urgent you should wait till nov to see how fin environment going to change. If Fed can control inflation and stop 50bps increases after year end then intereste rates will come down sooner than current estimated timelines of end of 23 or mid 24. If we get into recession people will get houses for cheaper and can lock in good interest rates. 

 

 

[TopLechipoddi]

9 hours ago, veerigadu said:

https://www.google.com/amp/s/therealdeal.com/texas/2022/06/02/dallas-fort-worth-housing-market-is-48-overvalued/amp/

Yes, that's true....check the market stats b/w 2021 Sept v/s 2020 Sept and 2022 Apr... they are all time high. Hopefully once WFH is scrapped then people will end up moving back...waiting to see 

[manadonga]

9 hours ago, veerigadu said:

https://www.google.com/amp/s/therealdeal.com/texas/2022/06/02/dallas-fort-worth-housing-market-is-48-overvalued/amp/

Austin double perigindi dallas and houston kanna 

dallas still affordable 

[nijamena]

https://www.amazon.com/Lords-Easy-Money-Federal-American/dp/1982166630

 

Explains the dangers of lower interest rates. I hope they stop decreasing rates. 

 

Lower interest rates creates asset bubble and banks give out risky loans. Risky loans are justified by asset appreciation which eventually lead to inflation.

 

When inflation increases, Fed is forced to increase rates, then suddenly asset prices are in for a correction and the loans go bad because of job loss.

[bayarea]

Big Tech and most companies lo hiring freeze start ayindi and next obvious step is layoffs. Okasari adi start ayithe Dallas kadu kada ee area ayina musukovali. ee year kakapote early next year music will start.

[futureofandhra]

10 hours ago, veerigadu said:

https://www.google.com/amp/s/therealdeal.com/texas/2022/06/02/dallas-fort-worth-housing-market-is-48-overvalued/amp/

Yes its true 

[Fish]

11 hours ago, veerigadu said:

This can’t be true. I think Dallas is immune to all crashes in the world. According to @pakeer_saab

 

8 hours ago, Netflixmovieguz said:

Texas is immune to all crashes annji briefing lunngi vuncles

 recession lo ela untundo chudali 

[Fish]

4 hours ago, argadorn said:

Nenu undey area lo 3 weeks no sale … previously it was hot cake in that area 

Which area