$757k! The $900k+ homes are generally not first time buyers so they’re using the equity of their previous homes. For many building this will be their third home so they’ve got equity from the starter home, then the step up home, now the luxury home.
@ understand that. But even a 757K house for a first time home owner is absurd with these rates and economy. First timers need to stick below 500K in North TX. This housing market just sucks all around.
@@cobrabtc yes typically first time home buyers start in the suburbs ~35 minutes out. There are plenty of great options and low rates for first time buyers...you've just got to understand it won't be in the heart of a major city like Frisco! (But this has always been the case.)
1 million dollar home is not value. Do you know how much income you need to afford this? To comfortably afford this home you need to have a household income of 250k minimum, and thats struggling. How many people do you think make that much in Texas? Less than 3%.
These are not typically first time buyers… it goes like this: Starter home > roll the equity into a step up home > roll the equity into luxury home in a prime area. The value is that this is a VERY low price vs similar communities in the area. Which is why it’s the “best value in Frisco”
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Only 900K. Are you serious? With mortgage rates this high!! Heck no. Who can afford this?
$757k! The $900k+ homes are generally not first time buyers so they’re using the equity of their previous homes. For many building this will be their third home so they’ve got equity from the starter home, then the step up home, now the luxury home.
@ understand that. But even a 757K house for a first time home owner is absurd with these rates and economy. First timers need to stick below 500K in North TX.
This housing market just sucks all around.
@@cobrabtc yes typically first time home buyers start in the suburbs ~35 minutes out. There are plenty of great options and low rates for first time buyers...you've just got to understand it won't be in the heart of a major city like Frisco! (But this has always been the case.)
1 million dollar home is not value. Do you know how much income you need to afford this? To comfortably afford this home you need to have a household income of 250k minimum, and thats struggling. How many people do you think make that much in Texas? Less than 3%.
These are not typically first time buyers… it goes like this:
Starter home > roll the equity into a step up home > roll the equity into luxury home in a prime area.
The value is that this is a VERY low price vs similar communities in the area. Which is why it’s the “best value in Frisco”