Dallas guy: I bought a new single family home with huge lot for $400k. It is 3000 sq foot! Bay Area guy: I got a 2 bed 1.5 bath condo recently as well for $400k over .. Dallas guy: Wow $400k just gets you a 2 bed 1.5bath? Bay Area is really expensive Bay Area guy: No I meant I paid $400k above the asking price just to be competitive. Home was priced at $850 and had to pay $1.25M Dallas guy: You are crazy 😜!! Bay Area guy: I got lucky. But home has already appreciated by $300k. New folks are paying $1.55M for the same unit now Dallas guy: No response
Isn't that everyone's plan?
What would the Seattle and NYC guys say?
Where are the new communities in Seattle? It’s all atleast 20 miles away from downtown and commute will take easily more than an hour! 2B2B in Seattle costs ~800k and this is the lower limit.
800K for a 2B2B condo in downtown Seattle?
The Dallas guy is stuck living in Dallas. You can probably buy a cheap house somewhere in Afghanistan but why would you live in a place like that if you could avoid it? 🍆
400k?! My parents house in NC that I grew up in is barely over 280k in a hot market.
Consistent job growth is driving higher home prices in Dallas.
Pretty sure RDU has even more growth
In general, 1) hard to make family housing work in the bay 2) there are probably many places with greater lifestyle options than dallas
What is your point? Real estate is supply and demand. If you want to live in a place no one else what's to live you can get a big house but what's the point if there is nothing to do and zero interesting people to fill your mansion?
Dallas is top 5 fastest growing cities in the country. Google it
Not sure what speed has to do with anything? Have you been to Dallas? Lol
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Beyond the house, a guy in the bay area needs to earn double of the guy in DFW and STILL won’t have equivalent lifestyle.
Of course it’s not equivalent lifestyle. Dallas is shit and you’re forced to live the redneck commuter lifestyle
^ this