15% crash in prices (20% for new homes) in one month. What happens in six months, twelve months? Prosper is suburb in Dallas north of Frisco #mortgage #housing #dallas #Austin #crash
This doesn’t happen in Bay Area
People start buying multiple rental properties. Just like stocks
Maybe people don’t want to go to jail for having an abortion
I guess some people are hell bent on killing babies if they are willing to sell their home and relocate to do so.
Or May be people realize the kind of shit laws Texas has and rock bottom school scores that they will prefer to buy a house in a better state.
Of course no one will buy new homes with high interest rates
You’d see the same in other states right? Is California somehow immune to high rates?
People have loads of cash in Cali, a 2M house is probably just 20% or less than their net worth, so high interest rates do not bother them.
Propsper is like so far from dallas downtown, u literally pull up to the drive through with your horse
When housing market cools down, it always start with suburb and surrounding areas first before it hits the major cities. So don’t get your hopes up. Your dream houses will not be affordable that easily
Correct!
There’ll be slowdown everywhere. Smaller towns are going to drop like a rock. SoCal, Bay Area, Austin, maybe some places in FL? will be relatively stable
Still expensive af in dallas border like Little Elm. In 2019, avg a brand new build 4b3b was 300k, now its like 450k.
Wait to January, you will see significant drop in price
People seem to forget that a little thing called remote work happened in 2020 and now these border towns are being flooded with Indians working very high paying IT jobs who work from home . Dallas has an enormous amount
You ain't seen nothing yet.
How many people said it wouldn’t happen?