Values in Texas are officially going down heading into 2025. There is a big pile-up of inventory. But the market is fragmented. Certain areas are appreciating while other areas are crashing. Access the data foryour area on Reventure App: www.reventure.app.
Don't forget the politics in Texas that pushed for reduced regulations on everything making the lives of regular working people difficult. Especially when it comes to accessing healthcare.
@@JS-bl3sg Since they don't seem to be able to fairly levy property taxes, an income tax would work better in Texas. Except that they recently put an amendment in the state constitution banning an income tax permanently. So smart.
Interest rates are the problem. Aldo covid blew home prices way over market value. Our current house is probably worth $225K on a good day. During covid, the value shot up to over $300k. As much as I'd like to believe it's worth that much I know it's not.
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
You guys must be realtors. I live in Williamson County Texas and home prices have dropped pretty substantially. Added to that, the builders keep building…🤷🏻♂️
I'm in Texas. You are right. I see people in my neighborhood trying to sell, often sitting on the market for a long time, and they aren't dropping the price. I even see people who have raised their prices. Crazy.
These people are idiots or just not desperate to move, especially the ones with old houses. Those old houses aren't attractive when someone can get a custom new build for less.
@@pamdavis9077 Horseshoe Bay.... But I look all over the state and I'm still shocked by prices. Some areas are still selling. Some higher end homes are selling here-- over $600k and million dollar homes and up. It's the lower end price ranges that don't seem to move--- of course because the middle class has been impacted and cannot afford current prices w/interest rates. Unless it's below typical market value or super special in some way they are sitting on the market a lot.
@@kw2268 Anywhere around Marble Falls is expensive. I know a land broker who owns a house in Marble Falls, it's nice, however for the prices people are paying, it should be nice. I would rather live in Corpus Christi for a much lower cost of living.
@emmettkeyser1110 If you ever borrowed to purchase a home, you would know that homeowners insurance is required by the lender. The only way to continue without it is to own the house free of loan which is uncommon in the US.
I didn't duck purchasing a house because of cost, but because they were built too big, and too close together. I need a little more land space and a lot less house.
This right here. Builders only build for max square footage to increase the cost and the city lets them. Every house is a 500k McMansion built for max profit. City planners should take far more blame.
I'm near Round Rock Texas and prices are dropping all over. However, most seem to be in denile of a serious correction happening. For example, 700k houses often are dropping their prices in 10k increments- for many months, and still no buyers. The prices will drop further when sellers finally wake up to the fact that the decline is on, and we're not in 2022 anymore.
@@i_brought_a_flower I'm very familiar with Manor, had 2 rental houses there at one point. Definitely takes longer to sell out there depending on which neighborhood you're in.
Round Rock/Georgetown has been dropping like a stone for the last 2 years. It is a horrible place to buy. Cedar Park/Leander is a nicer area with much more in proximity to Austin. I tend to stay away from the Eastside of I-35.
@@DIVISIONINCISION It's not that CP/Leander are much closer to Austin, it's that I-35 is a trainwreck of a freeway that should be avoided at all costs, but if you're in RR there's not much choice
Great video! For 2025, it’s hard to nail down specific predictions for the housing market because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
A lot of folks have been going on about a market rally and said that stocks would be experiencing significant growth this period any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Such uncertainties are the reason I don’t base my judgement on a ''heresay'' 2020 had me holding trash stocks, but thankfully revamp my portfolio through the aid of a pro before seeing significant gains. To date, I've scaled up nearly 320% ROI. it's been 4 years and counting. I and my advisor are working on a 7 figure ballpark goal and we're not far.
There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with ‘’Aileen Gertrude Tippy’’’ for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.
glad to have stumbled upon this, curiously inputted her on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
I'm 85 yrs old and my kids will see the results. That's what it is all about right now. My dad lived to 96 so I told my 58 year old sister to get some. I've been in XRP for 6 months and able to accumulate 95,000 XRP.
XRP and BTC is going to crush many during 2025. It's by far and away the fastest and cheapest blockchain in transaction out there. Many knows this . But they're just a bunch of FUD
Financial education is what we need right now for more than 70% of the society in the country. As very few are literate on the subject. Thanks to Jayden Lindsey, the lady that changed my financial life.
Middle class subsidize the rich in Texas thru property Tax and that's why there's no state Tax and sales tax in some areas of TX 9% 😂 EVERYTHING IS BIGGER IN TEXAS except logic
If a home in TX is $600k. It will have a property tax of atleast $12k associated to it. Associates insurance is about $500-600/month or $6-7k/yr. So a total of about $20k/yr in just tax and insurance. So, you are paying about $2k/month in just insurance and tax. Priciple and internet is on top of that.
Associates insurance is about $500-600/month or $6-7k/yr. - You mean home insurance or landlord insurance? And $500/month is insane, even in Round Rock area it’s never more than $200/month for a 3500 sf home
Home prices are not "dropping." They are coming down to what they should normally be at. The inflated housing prices over the past 4 years are now settling down. The "value" of my house more than doubled since I bought it in 2018 due to the number of people moving to Florida and Texas was in the same boat as many people from California left for Texas due to the draconian COVID laws in California and taxes. They eventually had to come back to earth. The new problem is that people who over spent on a house are now going to be underwater when it comes to selling their houses with the high prices and high interest rates.
In the fall of 2020, at the tail end of the Covid lock down, we sold our 70 year old 2-br, 1 bath house in the central Austin Cherrywood neighborhood (just east of U.T., across Airport west of Mueller) for nearly twice what we paid for a 3-br/2-bath 18 year old home in Pflugerville. Though it was a seller's market back then, interest rates were way down due to the Covid slowdown, so it was much easier to get mortgage financing than in today's market. Since our loan was at less than 3%, compared to over 6% currently, there is no way we would sell our current home right now - even though it is valued at 25% more than we paid for it in 2020. I think there are a significant number of central Texas home owners in the same boat right now.
True! He neglected to mention home prices were overly inflated in early 2021. I'm closing on my house this week. I bought it 9 years ago and selling for 3X what I paid for it.
The problem is the stupid outrageous high taxes, the tax in a four bedroom house is about $7000 to $8000 thousand a year and for this same house I pay $60 dollars in México, in the US you never own your home.
@@WelcomeIncby writing it off - it's only a %, NOT the whole amount! For a retired couple on Social Security, it's hardly anything! You don't understand taxes? 😢
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?
If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.
A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for a licensed FA and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. 850k so far.
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Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Let me be the first to tell you. More people wanting to sell their homes doesn't cause large price drops. Sufficient numbers of people forced to sell their homes cause big price drops.
This is true but if people aren’t buying and there’s a ton of competition to sell prices will drop. Albeit not a crash but San Antonio is certainly a buyer’s market and has been for a while now. If you look on Zillow there are a ton of single family homes in San Antonio that have dropped price by 10k for multiple months in a row and they still aren’t selling. Nobody in San Antonio wants to buy a home right now with interest rates so high
@@history6988 yes but also the government is finally letting banks foreclose on homes again which means there’s going to be homes that have been bought in the bubble that the banks end up having to lose money on. That’s what ultimately happened in 2008. Too many foreclosures plus the housing bubble burst and prices started to drop. The great financial crisis never would’ve happened if home prices kept going up because banks could recuperate their losses. Now that banks are going to foreclose and the housing bubble looks like it could burst because of the high interest rates something similar could happen again. I don’t think it’ll be anywhere near as bad but it’s not just going to be a small steady decline for another year. Every market is different but I think we’re going to see the average home price go down in 2025
I've lived in and around SA for the past 16 years. I've seen traffic go from stupid to ludicrous in alignment with the population growth. SA used to be a nice place to get around in, but no more. In the past two years, I've seen tons of new houses popping up and supply grow. However, I've yet to see prices drop to a realistic level. People still want to ask 2021-2022 prices, even if their house sits on the market for 90+ days. Rent is still outrageous. Overall, SA is crowded and unaffordable, and I can't wait to get out.
I've got news for you. Houses will sit and sellers will get desperate. The problem with SA is that the new builds are mostly HOA and nobody wants that. I am considering a transfer to SATX, however, I won't pay $300K for an old house. The market is overpriced there.
@jonathantaylor6926 Well I guess that's that you get for listening to Nick as "Texas" is up about 30% since his first "crash" video 4 years ago and "Florida" is up about 40%. Also, since when is the entire country "Texas" and "Florida"?
@@jonathantaylor6926 I bought a custom new build in 2019 and it's appreciated $100K since that time, even with the slight correction. One of the best investments I ever made! 💯
Yes, there’s inventory, but this a replay of 2008: a house is for sale but the prices are still sky high. So, inventory is meaningless until the prices drop. I found a ratty house in Austin for $340K, but the price should be around $240K. And this house was listed two years ago for $695,000! What a joke.
Still cheaper than many states since Texas has no state income tax and no crazy car registration fees Of the three states I have lived in...for my personal situation Texas had the least tax burden
Agree. Property taxes are causing hardship for many. People blame landlords for sky-high rents, but landlords have to factor taxes and insurance in the rent. We all suffer while the finger is pointed away from the cause.
- some made the comment about nick stating that “sellers are stubborn” (not wanting to decrease prices) and said nick was blaming the delay on price drop on that matter; well, by GF is a realstate agent and she has have at least 3 clients either removing the house because they didnt want to drop the asking price more than 2-3 % and another that reluctantly took 4-5 months to drop the price to a reasonable price (which was about 10-12% lower than first offer) so yes, sellers still think it is 2021-2022
Average person? Fast Food worker? Costco Worker? They ain’t ever buying a house unless there is dual income and have saved up at least 1 decade. Almost everyone wants to live the fast life.
@@georgeallen7667hahahaha love this comment!!!! Keep west Texas small and rural we’ll keep Frac’n getting rich in our deserted desolate ugly miserable part of the state😁 please don’t come here stay away keep your stupid traffic and bullshit mindset
It’s so funny , here in DFW people bought their houses at the top of the market in 2022 (which was already super overpriced) and now they are trying to sell it for even more and make profit haha 😂😂😂 Prices must be at the lvl of 2020
I’m 49. Been saving in my 403B Fidelity for 7 years as a nurse and my goal is to retire in 5 years with a 7 figure ballpark. I already own a house and keen on buying a second one, quite a lofty goal I know, but is this a good time to buy, or do I look at other sectors of the market?
after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial advisor can certainly be of help
I'm in line with utilizing an advisor, cos my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well diversified for steady gains and has just 3X in 5 years, since the covid-19 outbreak to date, just about 20% shy of $1m.
@@carl.rankovic i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires and my goal is to become one as well ..
Can't divulge much, I take guidance from an independent financial advisor 'Jennifer Grace Barricklow' most likely, the internet is where to find her basic info, simply do your research.
@@carl.rankovic thanks for sharing, just searched Jennifer by her full name on the web, easily spotted her consulting page and was able to schedule a call session with her, she seems highly professional from her resumé
Property taxes are the fifth highest in the nation. We pay 8k a year. Our home in Washington state was $3500 a year. I think it’s sticker shock for people when they move and buy in Texas. I’ve known three families that moved back to South Texas (home for them) then leave again because of how high property taxes are. All three moved to Florida 🤷♂️
I live in very far east Dallas 75217 right next to Mesquite and Balch Springs. There hasn't been a house around here for sale for at least 2 years until this December. The sign was up for at MOST 2 weeks and it's gone. I don't know where you get your data but so far as this area is concerned there is NOTHING FOR SALE! I get solicited constantly to sell the house. it got so bad I took out my landline!
Dont worry abt this vdo there are so many youtubers working for big companies on a paycheck so people can start selling there houses in cheaper prices so the big like blk rock buy it there is no house available cheap in texas anymore of does then i will pay cash for pre covid prices
Don’t worry….your area will soon get in on the action. When the bubble bursts, no area will be spared. The biggest losses in investments comes from the phrase, “This time is different….” Let that sink in….😏🤨🤦♂️
@@gumbie007 People like you have been saying that nonsense since 2020. How much longer do you need until the crash hits every area like you claim? One year, three years, 10 years? Say a number, and if your crash doesn't happen by then, admit you don't know what you're talking about and stop acting like you do.
Not true. Prices haven't dropped in those areas. Red Oak, Waxahachie, South Grand Prairie, Cedar Hill , Mansfield is FLOURISHING with new builds and retail development.
Good to know, sold my house in AZ for double what I paid for it and just moved to TX a few months ago. I'll rent for a year or so then get in on the low housing prices once again just like I did in AZ 8 years ago 👍🏻
they are turning all these residential houses into short term rentals and quadruplexing the cost of rentals . cities need to pass ordinances to stop this behavior. it is trashing the quality of life
Alot of the crazy high prices was also bidding wars that took place an inflated the market because of the inventory being so low. I bought in 2021 and now I'm watching the market and looking at new homes sales.
According to the media and real estate scammers I thought prices were going to double, triple and inventory would disappear once JPowell raised rates 🤔. Inventory was never really the problem. People got FOMO'd into buying by market manipulation.
@@pegtop5455 the overwhelming majority of state migrants are self sorting. Meaning most people who move to red states from blue states are red themselves.
Killeen had a reputation for people in Austin as low buying, high probability of being able to rent it out. Lots of amateur investors bought here to try to make a buck and are getting destroyed
Killeen is a low budget market. The people who are buying there are ordering custom new builds in South Killeen near the Airport/Texas A&M. The only people who buy in central or north Killeen are those who can't afford to live elsewhere.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Inflation is around 6.5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
He's right LOL....I have a house for sale in a San Antonio suburb...they overbuilt all over SA. My house has sat for almost two months with no offers...I've dropped the price 15K and will drop it another $10K this week. Which will put it at $240K, which is not bad for a 1500 sq ft turnkey home...I think. There are half a dozen homes in my neighborhood thave sat for over 70 days, and those are the ones where the owners did not take them off the market or convert to rentals.
Many of the foreclosures I'm seeing are from 2020+ purchases. Wait until spring when inventory goes up even more and prices start really falling. People that did the "zero down" or 3% down are going to be upside down by 100K this year and it will just get worse next few years. Mortgage rates track the 10 yr bond and that's been going up (maybe 8%+ mort rates in 2025?) so home prices have to come down accordingly? Anyway, all speculation lol.
The median income has a strong correlation to prices dropping. The areas with high income are appreciating, even if they go down 5%, they still went up 15-20% over the last 4 years.
what all you need to consider, the cost of construction is still high. Sellers are being saved by "replacement cost" Homebuilder's prices will tell you. They dropped their prices but its bottoming out. When you see builder lots not-selling-foreclosing, then you know all hell has hit the fan
What area? Anyone who watches Nick regularly or lives in an area where the real estate market is tight, and prices may still be going up would have heard this mentioned
Run away from that agent. If you can't do that, tell them to write an offer for 10-15% less than asking, and that you want the two agents to reduce their commissions to 2% each, the 2% difference going towards your closing costs. Be strong, this is the biggest purchase of most people's lives.
I retired from mortgage and Real estate in 2015. I hired a HS friend I hadn't seen in 30+ yrs to represent me in a new state. I DMOR, and knew what I was willing to pay, he tried to tell me my offer was to aggressive and that it would be rejected; they countered. I walked for 3 weeks, restructured the deal and demanded in a nicer way that the 2 agents would then reduce their commissions in order to bring down my buyers closing costs, they both caved. I sold that home in 2021 to Open door for 105k over then current market value. Trust me, be strong and assertive in a nice manner, be patient too. You may miss on the property you thought was perfect, until you close escrow on the one that really is because you were patient. All the best to everyone ISO that new place to call home.
That's what my realator said as well. I laughed. But.. I am seriously in the market to buy. And lo and behold.. he was right. 90% of the homes I had saved are gone already. Are prices going up? No. But they definitely not going down.
Texas is a horrible place to buy a house until property taxes come way down. Over 2% property tax makes Texas a place that is tough to afford during your working years but is a place you absolutely must leave upon retirement. Listing price doesn't capture the entire story of Texas home affordability.
Out of all the financial institutions on RUclips you are the only one who gives the easiest way to get rich. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ..... Thanks to Julie Patterson the lady you recommended.....
Nice. People often underestimate financial advisors importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in Al and other growth stocks
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience..
Most of these houses for sale are likely investors that bought wildly during covid and are trying to break even or take profits while the markets pretty good. Especially if the rental market prices are low. They are losing their ass right now. High mortgage and low rental price.
I live in Kaufman county and the reason for the spike is that there’s a lot of new construction homes being built. Funny that my home value still rose about 6.5% from the time we bought last year January.
I live in Fort Worth, and most of all the new housing inventory is nowhere near anything. People here spend 1, even 2 hours in traffic everyday commuting because of the whole “drive until you can buy” principle that American cities decided was a good foundation for urban planning. My wife and I live downtown so I can walk to work, but we’ll be moving out of state when it comes to buying a house in a few years to a state that actually has housing near jobs and with a walkable urban core.
This is a good plan. BUT If you want to own an "affordable" house with a walkable urban core either you are moving to a much much smaller town or it won't be "affordable".
@ Having to spend 1-2 hours a day in a car surrounded by some of the country’s worst drivers where there’s 0 traffic enforcement objectively sounds terrible. Where your kids have nothing to do in their neighbourhoods, can’t bike or walk to school safely, and they have to be constantly chauffeured around by mom and dad? Nah. I worked in Dallas for a summer and it made me love Fort Worth, but not for the sprawl. Downtown Fort Worth feels more walkable and while drivers here love speeding and running red lights, Dallas drivers do much more of it. I also wouldn’t have an issue with the spread if there were functional transit lines that went with it, rather than forcing everyone to use highways for nearly everything. Traffic is terrible and until the city and state starts providing alternative means of transportation, it’s only going to continue to get worse. Combined with some of the deadliest roads in the country, 4,000+ dead Texans a year, the sprawl life just isn’t for me. If you love it, c’est la vie. I’m trying to leave, not change that for you.
@ShowLSWH well of course if you live downtown you're going to have the issues you describe! We live north of you and just LOVE it. And yes, my kids walk or bike to school. No issues. Play on the streets and neighborhood parks. No issues. As far as drivers, Dallas has drivers that drive fast,but they're nice. They let you in traffic, if you aren't a jerk. I travel for work to many other urban areas and by far LOVE Dallas drivers by comparison.
Barely came across his channel, I spoke to two different realtors that mentioned almost exactly what he’s saying. As far as the home supply being so high, infrastructure in Texas for the rapid growth, and sellers being stubborn and not wanting to sell lower than what their neighbors sold for two years ago. I’ve been in the market for a second home for the past 6 months, not in a hurry since I already have a home just looking to rent this current one out. I’ve noticed homes here in SA, TX have been sitting in the market for a long time. If you’re waiting to sell buy a new home then it won’t affect you much, but if you’re on a pinch and MUST sell you’re home most likely you’re not going to sell at your ideal number. Most of these home though have the advantage of being on a very good interest rate. Regardless the market is going down, maybe not a crash but hopefully not as inflated as it was a few years ago.
Let me clarify a few points as to why some counties and cities listed experienced low prices. -Kaufman: Literally cut off from civilization. Hwy 80 being the only lifetime in and out of this county. This area is completely gridlocked during traffic hours and disconnected from the rest of DFW. -South Dallas: That's the historically poor and underserved part of the metroplex. Known historically for it's high crime rates. -Austin: This one should be a no brainer. The increased cost of living pushed out local residents and left only the wealthy and the homeless in the city. Hwy 35 is the only lifeline to Austin and it is gridlocked all day with traffic. Recently, a few tech companies like Oracle have left the area and Elon Musk cut 14,000 jobs from the Tesla factory. -Waco: Same problems as Austin, add to it that it is a college town first and a suburb second. -Killeen: Not much going on there besides the military base. Another isolated community that doesn't connect to any major metropolitan area. There are still cities that are experiencing increasing price increases in the area, especially in North Texas. Those who live near these cities will be reluctant to sell at a loss with the proximity to these other well off areas.
I moved to San Antonio from Kansas City in early 2022 for work (I work for DoD). I kept my house in Kansas City I have had for 15 years and rented here. I chose to do that because I was convinced the housing market was experiencing a temporary bubble and I would lose money if I bought and sold. I also wasn't sure how my transfer would work out and if I would stay in the area. I am very frustrated by a lot of things on the Far West Side- the traffic on Culebra, never ending crowds around shopping areas, the horrible driving, houses built on top of each other, never-ending construction that doesn't improve in years, no streetlights, and the heat. The heat is worse than what you'll read as average statistics online. There are months of 100 degree to almost 100 degree days from April to October. It didn't even cool down this winter. It was 75 today, January 5th.
@@deer105 i will say grew up in DFW so very crowded now but i moved back recently outside S A after a year in Mexico and San Antonio feels very spacious easy to drive around and a breeze to navigate. So i guess it can be perspective. Although I’m about 45 minutes out here about same in Mexico from Monterrey. But it was more crazy and very claustrophobic there. ✌🏼 worse water issues we should learn from Mexico. It can happen here.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
Geraldine Ann Philip understanding the market indicators is impressive. She knows exactly when to enter and exit trades for maximum profits. her siignals are top notch
As a beginner, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Geraldine Ann Philip’s . for years and highly recommend her I focus on her . To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
The only people that can afford to live comfortably in Texas are remote workers from California. The pay in Texas is a third of what I’m paid here in the bay area for the same work. They pay nurses 30 an hour. Where a nurse here in San Jose is paid 100 an hour
That's why the market is so shit. We got all of the remote workers to come in and buy houses for 3x what they were worth - cheap to them but ludicrously expensive for us locals (and I was a nuclear engineer making bank relative to most here at the time). When most of my coworkers said they couldn't afford a house - and they represented the top 10% of incomes in the state - that should tell you how distorted it all became.
2022 was when I sold and left Round Rock. That house is now $60,000 lower. My timing was perfect. Lucky for sure. Private sale too. No relator percentage nonsense.
I will negotiate down hard with the sellers there if I decide to transfer jobs. A 20 year old house in Balcones Heights is not worth $300K, regardless of footage.
@ in my former historic neighborhood we priced them out of the area. But too hot and now too expensive. Way too hot. Jobs required you to speak Mexican to hire. I say Mexican because they don’t speak standard Spanish or English.
It sure looks like a good portion of Colorado is heading down; most numbers in the 30s on reventure It's bewildering to hear so many agents talk about prices going up, especially the young ones who have never known a down Market 😉
Avg salary in TX is $53K, so $200K home would be out of reach for most people, but when you add in the property tax and energy cost it's not going to work for the majority. In TX you have to use air conditioner 9-10 months a yr @ $400 month for a 1 bedroom, $700-$900+ a month for a 3+ bedroom, which tacks on an additional $4800 - $11,000+ a year for an average home, plus property taxes, mosquitos, tornadoes, torrential rains and high home insurance costs make TX way overpriced. The only way TX works is with dirt cheap home prices, which TX used to be known for.
@@thomasjefferson2934 I lived in TX in 1998 and had a 1 bedroom apartment in Houston and my average electric bill was $300+ per month. I can only imagine what it costs now. I also lived in Austin, Dallas, and San Antonio over the course of 11 years, and always had expensive electric bills. Unless you like living in 80 degree apartment or house you are going to have high electricity bills.
Also, people moving from other states don't realize we have water shortages in some areas of Texas. In Austin, when I lived there a year ago, was in stage 1 water restrictions - lawn watering allowed on two defined days per week - during short windows of time in the morning and evening. Here in Corpus Christi, we just entered stage 3 water restrictions, our surface water source is at 20% capacity. No rinsing of vehicles, etc., no lawn or ornamental watering ever. There is a city not far from here in stage 4 water restrictions, where the rates for water go up, I don't know what their water source capacity is at. My parents live in Cedar Hill, south of Dallas, they don't have any water restrictions, I'd imagine Houston is flush with water too. Some areas of Texas are getting to critical water availability, it's scary and bad. Something to consider when thinking about moving to Texas.
@@pamelagardner4191 Correct! When I lived in San Antonio, which depends on an aquifer for its water supply, Stage 4 water restrictions were implemented regularly, triggering a drought surcharge, increasing water bills significantly.
New to your channel here. Appreciate the good information. I am looking to buy a rental property in DFW area where I live, but definitely waiting for the price to go down as currently you just can't get positive cashflow at this current price and rate unless you pay cash, which is not worth it still with the high price.
Property taxes are so high everyone is hoping prices drop. This is insane. How are we supposed to earn any equity when we’re paying 2.5% of our homes value every year. I pay more in property taxes than I do on my mortgage principal and interest payments combined.
*You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
There is a reason texas home prices didn’t rise much prior to the pandemic. Not the best state to be. I mean many people like it. It’s just not checked up to what it’s made out to be. Cheap homes aren’t enough for many people to stay long term.
It depends on what you're looking for. I can own 20 acres with a well and septic and pay a builder for a custom home for $400K. Not many places you can do that. If I can live on my own ranch and not have to deal with traffic and neighbors, that's good for me.
@@DIVISIONINCISIONThat makes sense! If you’re looking for a private life on a good chunk of land where you can’t be bothered I could see this being a solid state for it. I think the issue has become now that the parts of the Texas growing the most are caught between a history and self-image of being rural contrasted with the reality of being metropolitan areas of millions of people. As the cities sprawl because there’s no political will to adapt to the reality that Texas cities are urban now, they keep eating up beautiful ranch and farmland and turning it into strip malls and subdivisions next to giant highways.
@@DIVISIONINCISION that sounds like an amazing set up to have for a great price. The thing is many cities like Houston or San Antonio have people moving to the suburbs. Those same people purchased their homes for half of what the same home would go for in California or New York or New Jersey. Now they are having regrets because the lifestyle in those states don’t parallel to the lifestyle in Texas.
I live in San Antonio, there are new construction homes everywhere you look. Incentives are good and builders are wanting to get these houses of their books. I look forward to being a homeowner here.
So plenty of neighborhoods that grew by 100% over the last 10 years are still seeing price increases. Wake me up when these neighborhoods drop by 30-40% before I call it a crash.
@@tobyk5149 I'll be happy with a crash, I want to buy but I've been told about that crash for years and prices still go up where I live. So again, without a 30-40% drop (and even that won't erase completely the gains made these past 10 years), I won't call it a crash
@JakeFakeusername Were you saying same BS 2004-2007 or were you not yet a bill-paying adult those bubble years? Just keep your head in the sand and you will be fine, Jake
Waco is very conservative. Many retiring boomers downsizing, many "Californians" (people who dashed to Waco to grab "cheap" real estate" are cashing out to go back where they came from. Our job mkt is solid but not hot like N of DFW or in Harris County. New jobs? Most are service and travel - not enough to bring new home buyers into the market.
Interesting that you'd mention Texarkana. That place is a dump. Sorry to everyone that lives there, but after having been through there several times, I wouldn't live there.
@ I tend to agree, but this one was ‘special”. Covered in graffiti, sitting empty for years, corner lot off a super busy street, the house was basically add zero value, 340 was just the perceived value of the lot. I am in shock, but the seller can’t/won’t lower the price. Yet.
I’m not sure why pandemic levels which are a one off set of data is used as a marker. This data was a false set. To compare to it as a predictor of failure is a bit fatalistic.
People learn slowly. The DFW metroplex is basically a 200 mile wide factory floor with some houses on it. There are faux entertainment businesses that exist to pretend that there is something to do. It took me a while to understand why business owners move here - it is because there is nothing else to do except work, which is what I would want my employees to be confined to doing if I were in their shoes. I wouldn't want them looking out the window and seeing beautiful mountains or anything distracting if I wanted them to just focus on work for the next 20 years.
The property taxes are really high here. But nothing is dropping in Home prices. I’m talking about Plano, FRISCO, Alan, McKinney and most of the Collin county.
I am Houston and seeing most dumb seller who are asking over priced are force to drop price multiple times. They are still thinking we are in the lalaland like during pandemic. They forget that interest rate tripled and home insurance and HOA fee double most places. In addition most of insurance company won’t give insurance in certain places. With increase in hurricane (we had almost 3-4 this year) and inflation this cost will continue to go up 😂😂😂
Values in Texas are officially going down heading into 2025.
There is a big pile-up of inventory.
But the market is fragmented. Certain areas are appreciating while other areas are crashing. Access the data foryour area on Reventure App: www.reventure.app.
Don't forget the politics in Texas that pushed for reduced regulations on everything making the lives of regular working people difficult. Especially when it comes to accessing healthcare.
Once the Cali
Lo cust start to leave, TX will start to feel normal again
@@annjames1837 and people said Texans were nice.
Where do you pull the data for reventure app?
If you’re not desperate to sell, then you don’t have to lower your prices.
Who's gonna talk about 200% surge on home insurance
😮
& property taxes. It's a financial strain on so many of us who thought & are working to hold onto the American dream of home ownership.
@@JS-bl3sg Since they don't seem to be able to fairly levy property taxes, an income tax would work better in Texas. Except that they recently put an amendment in the state constitution banning an income tax permanently. So smart.
@@JS-bl3sgyou will have nothing and own nothing
High property taxes are killing home sales.
There's no state income tax. High property taxes shouldn't be an issue.
Interest rates are the problem. Aldo covid blew home prices way over market value. Our current house is probably worth $225K on a good day. During covid, the value shot up to over $300k. As much as I'd like to believe it's worth that much I know it's not.
Avg property tax on an average priced home is like 10k a year. That's nearly a third of an average persons pay after that is also taxed.
Bingo
@BATM media … it is a problem when they near double in 4 years
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
When I see 40 year old homes listed for $600k in Midland, TX - the bubble is about to burst.
Even for Oilfield workers, those prices are insane.😮
Lol wow, i cant imagine people paying that much to live in a little town in the middle of nowhere
@@ezeNdog Unless that same home would be a million in Dallas...its all relative
600k where you fine this dropping prices 😅😂😅😂😅 so cheap 😂😅😂😅
I cant stand the prices here .
Not only property tax are high now in Texas but also food price and utility bills😢
Try going to California..
The tariffs will fix that, thank you President Trump 🙏 he will make China and Mexico pay for our food it will practically be free 🙌 🇺🇸
@@EepyBnnuyI hope your comment is a joke. So many stupid people don't realize that they will be paying the tariffs, not the foreign countries.
@@EepyBnnuyLet’s see if con man delivers because he said he was going to drain swamp and he didn’t 😅
@@akunamatatalopez3963 how dare you. He is gods chosen president. He will make America Christian again.
Nick has accurately predicted 52 of the last 0 crashes.
A perfect record of futility. Lol
I’ve always heard this quote applied to Peter schiff
@@mrRolandg1989 Bingo.
most underrated comment of this channel
You guys must be realtors. I live in Williamson County Texas and home prices have dropped pretty substantially. Added to that, the builders keep building…🤷🏻♂️
I'm in Texas. You are right. I see people in my neighborhood trying to sell, often sitting on the market for a long time, and they aren't dropping the price. I even see people who have raised their prices. Crazy.
These people are idiots or just not desperate to move, especially the ones with old houses. Those old houses aren't attractive when someone can get a custom new build for less.
Where are you at in Texas?
@@pamdavis9077 Horseshoe Bay.... But I look all over the state and I'm still shocked by prices. Some areas are still selling. Some higher end homes are selling here-- over $600k and million dollar homes and up. It's the lower end price ranges that don't seem to move--- of course because the middle class has been impacted and cannot afford current prices w/interest rates. Unless it's below typical market value or super special in some way they are sitting on the market a lot.
Horseshoe Bay rich neighborhood 💰
I use to install appliances in that area
@@kw2268 Anywhere around Marble Falls is expensive. I know a land broker who owns a house in Marble Falls, it's nice, however for the prices people are paying, it should be nice. I would rather live in Corpus Christi for a much lower cost of living.
The bad part of buying a house in Texas or in the US is the insurance that keeps going up and up and up.
and very high property tax rates in Texas
that depends if new construction new builds or if you are in an older community @@tobyk5149
Don't buy insurance then.
Depends on where you live. I'm in Central Texas and my home insurance hasn't moved since I built the house in 2019.
@emmettkeyser1110 If you ever borrowed to purchase a home, you would know that homeowners insurance is required by the lender. The only way to continue without it is to own the house free of loan which is uncommon in the US.
I didn't duck purchasing a house because of cost, but because they were built too big, and too close together. I need a little more land space and a lot less house.
I'm with you, have been looking awhile.
East Texas is great! We live in the Ben Wheeler area on a two acre lot and love it.
This right here. Builders only build for max square footage to increase the cost and the city lets them. Every house is a 500k McMansion built for max profit. City planners should take far more blame.
I'm near Round Rock Texas and prices are dropping all over. However, most seem to be in denile of a serious correction happening. For example, 700k houses often are dropping their prices in 10k increments- for many months, and still no buyers. The prices will drop further when sellers finally wake up to the fact that the decline is on, and we're not in 2022 anymore.
In 2022 it took 6 months and a 50k price drop to sell. I had about 5 people look at my house. In manor (outside of Austin 15 minutes from downtown)
@@i_brought_a_flower I'm very familiar with Manor, had 2 rental houses there at one point. Definitely takes longer to sell out there depending on which neighborhood you're in.
List two addresses where this has actually happened. I want to fact check you.
Round Rock/Georgetown has been dropping like a stone for the last 2 years. It is a horrible place to buy. Cedar Park/Leander is a nicer area with much more in proximity to Austin. I tend to stay away from the Eastside of I-35.
@@DIVISIONINCISION It's not that CP/Leander are much closer to Austin, it's that I-35 is a trainwreck of a freeway that should be avoided at all costs, but if you're in RR there's not much choice
Great video! For 2025, it’s hard to nail down specific predictions for the housing market because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
A lot of folks have been going on about a market rally and said that stocks would be experiencing significant growth this period any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Such uncertainties are the reason I don’t base my judgement on a ''heresay'' 2020 had me holding trash stocks, but thankfully revamp my portfolio through the aid of a pro before seeing significant gains. To date, I've scaled up nearly 320% ROI. it's been 4 years and counting. I and my advisor are working on a 7 figure ballpark goal and we're not far.
Could you recommend who you work with? I really could use some help at this moment please.
There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with ‘’Aileen Gertrude Tippy’’’ for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.
glad to have stumbled upon this, curiously inputted her on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
I'm 85 yrs old and my kids will see the results. That's what it is all about right now. My dad lived to 96 so I told my 58 year old sister to get some. I've been in XRP for 6 months and able to accumulate 95,000 XRP.
That is true my dear, Investment is the best idea presently and without it, human struggles are worthless.
XRP and BTC is going to crush many during 2025. It's by far and away the fastest and cheapest blockchain in transaction out there. Many knows this . But they're just a bunch of FUD
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio
That's quite a significant increase! Curious, how where you able to achieve this in a short period?I will appreciate if I could get some tips please
Financial education is what we need right now for more than 70% of the society in the country. As very few are literate on the subject. Thanks to Jayden Lindsey, the lady that changed my financial life.
Property taxes are awful. For a 250k house paying 10 k a year 😢
Why I sold mine when it hit 250k value.
Contest your taxes with the auditors. No state tax is a factor also.
@ no state tax sneaky politics😉
Middle class subsidize the rich in Texas thru property Tax and that's why there's no state Tax and sales tax in some areas of TX 9% 😂 EVERYTHING IS BIGGER IN TEXAS except logic
Plus the Mud tax if your house is new
If a home in TX is $600k. It will have a property tax of atleast $12k associated to it. Associates insurance is about $500-600/month or $6-7k/yr.
So a total of about $20k/yr in just tax and insurance.
So, you are paying about $2k/month in just insurance and tax. Priciple and internet is on top of that.
100% dead on! We are shelling out 1k per month on our property taxes.
Disabled veterans don't pay property taxes in Texas. We actually own outright! 💯
Associates insurance is about $500-600/month or $6-7k/yr. - You mean home insurance or landlord insurance? And $500/month is insane, even in Round Rock area it’s never more than $200/month for a 3500 sf home
Thanks, very helpful to know. Helps me weigh out whether to buy or rent in the short term until I'm certain where I want to live.
Yikes,I'll stay put at 3500.00 for both here.
We love lower prices. When TV's, cell phones, computers become cheaper we love it. The same should be true for housing.
👍
Home prices are not "dropping." They are coming down to what they should normally be at. The inflated housing prices over the past 4 years are now settling down. The "value" of my house more than doubled since I bought it in 2018 due to the number of people moving to Florida and Texas was in the same boat as many people from California left for Texas due to the draconian COVID laws in California and taxes. They eventually had to come back to earth. The new problem is that people who over spent on a house are now going to be underwater when it comes to selling their houses with the high prices and high interest rates.
Agree 100%
In the fall of 2020, at the tail end of the Covid lock down, we sold our 70 year old 2-br, 1 bath house in the central Austin Cherrywood neighborhood (just east of U.T., across Airport west of Mueller) for nearly twice what we paid for a 3-br/2-bath 18 year old home in Pflugerville. Though it was a seller's market back then, interest rates were way down due to the Covid slowdown, so it was much easier to get mortgage financing than in today's market. Since our loan was at less than 3%, compared to over 6% currently, there is no way we would sell our current home right now - even though it is valued at 25% more than we paid for it in 2020. I think there are a significant number of central Texas home owners in the same boat right now.
True
Frog phenomenon
Gradual changes people get comfy with overtime
True! He neglected to mention home prices were overly inflated in early 2021. I'm closing on my house this week. I bought it 9 years ago and selling for 3X what I paid for it.
The problem is the stupid outrageous high taxes, the tax in a four bedroom house is about $7000 to $8000 thousand a year and for this same house I pay $60 dollars in México, in the US you never own your home.
@@HéctorG-x2g Uh, you have to pay the taxes BECAUSE you own it. You also get to write them off on your tax filings. You didn't know that? 🙄
Yep, we rent it from the government.
@@WelcomeInc You have to pay taxes if you rent it as well. The landlord includes the taxes in the price of rent.
@@WelcomeIncby writing it off - it's only a %, NOT the whole amount! For a retired couple on Social Security, it's hardly anything! You don't understand taxes? 😢
@@obelus5985only if Market allows. National news announced it's cheaper to rent now than total cost of ownership.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?
If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.
A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for a licensed FA and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. 850k so far.
@@Jeffcraparo I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is the professional that guides you?
My CFA ANNETTE MARIE HOLT a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Let me be the first to tell you. More people wanting to sell their homes doesn't cause large price drops. Sufficient numbers of people forced to sell their homes cause big price drops.
You aren't the first lol. Yet he keeps going. And going. And going.
This is true but if people aren’t buying and there’s a ton of competition to sell prices will drop. Albeit not a crash but San Antonio is certainly a buyer’s market and has been for a while now. If you look on Zillow there are a ton of single family homes in San Antonio that have dropped price by 10k for multiple months in a row and they still aren’t selling. Nobody in San Antonio wants to buy a home right now with interest rates so high
Mass construction also causes that. Keeps home prices affordable in the long run.
@@jaredwolff6688Isn't that what's causing prices to drop?
@@history6988 yes but also the government is finally letting banks foreclose on homes again which means there’s going to be homes that have been bought in the bubble that the banks end up having to lose money on. That’s what ultimately happened in 2008. Too many foreclosures plus the housing bubble burst and prices started to drop. The great financial crisis never would’ve happened if home prices kept going up because banks could recuperate their losses. Now that banks are going to foreclose and the housing bubble looks like it could burst because of the high interest rates something similar could happen again. I don’t think it’ll be anywhere near as bad but it’s not just going to be a small steady decline for another year. Every market is different but I think we’re going to see the average home price go down in 2025
I've lived in and around SA for the past 16 years. I've seen traffic go from stupid to ludicrous in alignment with the population growth. SA used to be a nice place to get around in, but no more. In the past two years, I've seen tons of new houses popping up and supply grow. However, I've yet to see prices drop to a realistic level. People still want to ask 2021-2022 prices, even if their house sits on the market for 90+ days. Rent is still outrageous. Overall, SA is crowded and unaffordable, and I can't wait to get out.
I've got news for you. Houses will sit and sellers will get desperate. The problem with SA is that the new builds are mostly HOA and nobody wants that. I am considering a transfer to SATX, however, I won't pay $300K for an old house. The market is overpriced there.
San Antone just ranked #4 cheapest rent in the state too what the hell do they want folks to leave the overpopulation
@@Jak-son-jrSan Antonio is one of, if not the poorest of the large cities in the country. You get what you pay for.
Prices are up nationally about 30%-35% since Nick's first "crash" video way back in 2021. Food for thought.
If you bought in Texas or Florida in the last few years you are wishing you listened to Nick.
Broken clock is right twice a day. .
@jonathantaylor6926 Well I guess that's that you get for listening to Nick as "Texas" is up about 30% since his first "crash" video 4 years ago and "Florida" is up about 40%.
Also, since when is the entire country "Texas" and "Florida"?
@@jonathantaylor6926😂, they are down but not that much . Plus who’s goinb to sell if they have a low rate to buy into a 6-7% rate
@@jonathantaylor6926 I bought a custom new build in 2019 and it's appreciated $100K since that time, even with the slight correction. One of the best investments I ever made! 💯
Yes, there’s inventory, but this a replay of 2008: a house is for sale but the prices are still sky high. So, inventory is meaningless until the prices drop.
I found a ratty house in Austin for $340K, but the price should be around $240K. And this house was listed two years ago for $695,000! What a joke.
Fact
@ That house is still listed for sale; my daughter drives by it on the way to work and she said there’s some new graffiti on it: “Open House”!😆👻🤦
property taxes and home insurance would cost more that the house payment
Still cheaper than many states since Texas has no state income tax and no crazy car registration fees Of the three states I have lived in...for my personal situation Texas had the least tax burden
Agree. Property taxes are causing hardship for many. People blame landlords for sky-high rents, but landlords have to factor taxes and insurance in the rent. We all suffer while the finger is pointed away from the cause.
@@turnne Maybe only 3 states. lol
@@D7311 yes....and Texas was the cheapest in overall tax burden. How many states have you lived in where you owned a home?
- some made the comment about nick stating that “sellers are stubborn” (not wanting to decrease prices) and said nick was blaming the delay on price drop on that matter; well, by GF is a realstate agent and she has have at least 3 clients either removing the house because they didnt want to drop the asking price more than 2-3 % and another that reluctantly took 4-5 months to drop the price to a reasonable price (which was about 10-12% lower than first offer)
so yes, sellers still think it is 2021-2022
Yes, they keep building despite Water is literally running out South of Austin- according to Sid Miller Agricultural Commissioner.
Composting toilets??
Prices are still not where the average person can afford to buy this market is screwed never before seen in history on US
Average person?
Fast Food worker?
Costco Worker?
They ain’t ever buying a house unless there is dual income and have saved up at least 1 decade.
Almost everyone wants to live the fast life.
@creatorofgods1668 I make 350k a year and can't afford a house in Miami, I'll live in my paid off condo until prices drop or forever
I live in Abilene and my friend has lowered his house from 700,000 to 450,000 and has no one looking
240k max for Abilene
Bwahahahaha. Abilene....... Bwahahahaha. Maybe a hundred thousand....... Maybe. Bwahahahaha
Really? What's the address. I'll fact check you.
Not even a Multi Millionaire would pay $700K for anything in West Texas. Why would they? 🤣
@@georgeallen7667hahahaha love this comment!!!! Keep west Texas small and rural we’ll keep Frac’n getting rich in our deserted desolate ugly miserable part of the state😁 please don’t come here stay away keep your stupid traffic and bullshit mindset
It’s so funny , here in DFW people bought their houses at the top of the market in 2022 (which was already super overpriced) and now they are trying to sell it for even more and make profit haha 😂😂😂
Prices must be at the lvl of 2020
Not funny. Losing thousands hurts.
@@Ohwiseone-l1z yep FOMO, foolishness, and imprudance is financially painful
@@Ohwiseone-l1zand ? They shouldn’t have been greedy
I’m 49. Been saving in my 403B Fidelity for 7 years as a nurse and my goal is to retire in 5 years with a 7 figure ballpark. I already own a house and keen on buying a second one, quite a lofty goal I know, but is this a good time to buy, or do I look at other sectors of the market?
after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a financial advisor can certainly be of help
I'm in line with utilizing an advisor, cos my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well diversified for steady gains and has just 3X in 5 years, since the covid-19 outbreak to date, just about 20% shy of $1m.
@@carl.rankovic i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires and my goal is to become one as well ..
Can't divulge much, I take guidance from an independent financial advisor 'Jennifer Grace Barricklow' most likely, the internet is where to find her basic info, simply do your research.
@@carl.rankovic thanks for sharing, just searched Jennifer by her full name on the web, easily spotted her consulting page and was able to schedule a call session with her, she seems highly professional from her resumé
Property taxes are the fifth highest in the nation. We pay 8k a year. Our home in Washington state was $3500 a year. I think it’s sticker shock for people when they move and buy in Texas. I’ve known three families that moved back to South Texas (home for them) then leave again because of how high property taxes are. All three moved to Florida 🤷♂️
yup
I live in very far east Dallas 75217 right next to Mesquite and Balch Springs. There hasn't been a house around here for sale for at least 2 years until this December. The sign was up for at MOST 2 weeks and it's gone. I don't know where you get your data but so far as this area is concerned there is NOTHING FOR SALE! I get solicited constantly to sell the house. it got so bad I took out my landline!
Dont worry abt this vdo there are so many youtubers working for big companies on a paycheck so people can start selling there houses in cheaper prices so the big like blk rock buy it there is no house available cheap in texas anymore of does then i will pay cash for pre covid prices
Yep. Prices going up
I live north of Dallas thr Frisco area and houses have been sitting for months and house prices have been dropping.
Don’t worry….your area will soon get in on the action. When the bubble bursts, no area will be spared. The biggest losses in investments comes from the phrase, “This time is different….” Let that sink in….😏🤨🤦♂️
@@gumbie007 People like you have been saying that nonsense since 2020. How much longer do you need until the crash hits every area like you claim? One year, three years, 10 years? Say a number, and if your crash doesn't happen by then, admit you don't know what you're talking about and stop acting like you do.
Nobody moving to south and east Dallas. That’s why price is dropping.
Where are the jobs that pay over $45K a year there?
Not true. Prices haven't dropped in those areas. Red Oak, Waxahachie, South Grand Prairie, Cedar Hill , Mansfield is FLOURISHING with new builds and retail development.
@@sarahlysobey2917 I haven't really checked. So this guy is a complete scam then. I live in north of dallas and I don't see any price drop.
@@APFinance01 I think he's a big scam artist. I Haven't seen any prices drop in DFW.
@@sarahlysobey2917same, the real estate market been cooling off in DFW but price is still slowly climbing
Thank God! Maybe our property taxes will go down soon!
Dream on
Government greed
Taxes & insurance are HUGE.
Your comments on Texas nailed my thoughts and concerns.😮
Good to know, sold my house in AZ for double what I paid for it and just moved to TX a few months ago. I'll rent for a year or so then get in on the low housing prices once again just like I did in AZ 8 years ago 👍🏻
Here in Texas, with increase population Is decreased standard of living …. Traffic-- plan on a minimum 11 hour work day when you count the traffic
they are turning all these residential houses into short term rentals and quadruplexing the cost of rentals . cities need to pass ordinances to stop this behavior. it is trashing the quality of life
North Dallas is all wealthy areas, south is much poorer. Tale of two economies.
yup
Pretty much
Same in Austin, North including Round Rock/Cedar Park area is rich and wealthy. Their prices haven’t fallen more than 10-20% and still in demand.
Yup and apartheid.
Alot of the crazy high prices was also bidding wars that took place an inflated the market because of the inventory being so low. I bought in 2021 and now I'm watching the market and looking at new homes sales.
According to the media and real estate scammers I thought prices were going to double, triple and inventory would disappear once JPowell raised rates 🤔. Inventory was never really the problem. People got FOMO'd into buying by market manipulation.
yup
Name a single credible real estate person that said that publicly anywhere. I'll wait.
Austin is dropping the fastest because it’s turning into a southern version of San Francisco.
No it isn't, I've lived in both places and they are not the same.
@@FreedomLovin found you. It’s your fault.
@@pegtop5455 the overwhelming majority of state migrants are self sorting. Meaning most people who move to red states from blue states are red themselves.
Pfft, I wish it was dropping in Austin. West of Austin is still crazy.
Blue cities and policies from democrats FAIL
Killeen had a reputation for people in Austin as low buying, high probability of being able to rent it out. Lots of amateur investors bought here to try to make a buck and are getting destroyed
🎉
Killeen is a low budget market. The people who are buying there are ordering custom new builds in South Killeen near the Airport/Texas A&M. The only people who buy in central or north Killeen are those who can't afford to live elsewhere.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Inflation is around 6.5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
He's right LOL....I have a house for sale in a San Antonio suburb...they overbuilt all over SA. My house has sat for almost two months with no offers...I've dropped the price 15K and will drop it another $10K this week. Which will put it at $240K, which is not bad for a 1500 sq ft turnkey home...I think. There are half a dozen homes in my neighborhood thave sat for over 70 days, and those are the ones where the owners did not take them off the market or convert to rentals.
Thank you. Happy New Year !!!
Many of the foreclosures I'm seeing are from 2020+ purchases. Wait until spring when inventory goes up even more and prices start really falling. People that did the "zero down" or 3% down are going to be upside down by 100K this year and it will just get worse next few years.
Mortgage rates track the 10 yr bond and that's been going up (maybe 8%+ mort rates in 2025?) so home prices have to come down accordingly? Anyway, all speculation lol.
You aren't "seeing" any such thing. 🙄
@@WelcomeInc Just keep trolling your nonsense and you wilm be fine, House_Hacktard
What are they talking about? I don’t understand.
The median income has a strong correlation to prices dropping. The areas with high income are appreciating, even if they go down 5%, they still went up 15-20% over the last 4 years.
I don't care if home prices drop 50% in Texas, I will not buy with the enormous property taxes
what all you need to consider, the cost of construction is still high. Sellers are being saved by "replacement cost" Homebuilder's prices will tell you. They dropped their prices but its bottoming out. When you see builder lots not-selling-foreclosing, then you know all hell has hit the fan
Went to Austin to look around but the Roads are crazy and Tollways Everywhere.
I just had a realtor tell me, "but not in my area!". So better buy right now at full asking price before it's too late!
What area?
Anyone who watches Nick regularly or lives in an area where the real estate market is tight, and prices may still be going up would have heard this mentioned
Yeah, realtors are about as useless as psychiatrists.
Run away from that agent. If you can't do that, tell them to write an offer for 10-15% less than asking, and that you want the two agents to reduce their commissions to 2% each, the 2% difference going towards your closing costs. Be strong, this is the biggest purchase of most people's lives.
I retired from mortgage and Real estate in 2015. I hired a HS friend I hadn't seen in 30+ yrs to represent me in a new state. I DMOR, and knew what I was willing to pay, he tried to tell me my offer was to aggressive and that it would be rejected; they countered. I walked for 3 weeks, restructured the deal and demanded in a nicer way that the 2 agents would then reduce their commissions in order to bring down my buyers closing costs, they both caved. I sold that home in 2021 to Open door for 105k over then current market value.
Trust me, be strong and assertive in a nice manner, be patient too. You may miss on the property you thought was perfect, until you close escrow on the one that really is because you were patient. All the best to everyone ISO that new place to call home.
That's what my realator said as well. I laughed. But.. I am seriously in the market to buy. And lo and behold.. he was right. 90% of the homes I had saved are gone already. Are prices going up? No. But they definitely not going down.
Texas is a horrible place to buy a house until property taxes come way down. Over 2% property tax makes Texas a place that is tough to afford during your working years but is a place you absolutely must leave upon retirement. Listing price doesn't capture the entire story of Texas home affordability.
Hot AS HELL insects everywhere expansive clay ,will destroy your foundation traffic really can't think of anything good about it. REALLy sucks.
Yup, you are absolutely right. I am contemplating leaving TX for TN. The property tax situation is dire in Texas.
Until the California invaders leave, life won't get back to normal
I wonder why my comment was deleted saying life will return to normal once the C a l i
Lo cust go back
@@annjames1837 welcome to my world:). The AI on this platform usually deletes all of my comments, no matter how benign.
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Fact about investing is money invested is far better than Money saved. When you invest, it works for you and help you bring more money back to you
Nice. People often underestimate financial advisors importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in Al and other growth stocks
The problem some people are having today in cryptocurrency is engage on self trading without asking questions.
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience..
She's the best honestly, am even a beneficiary. This inflation has taught people the importance of multiples income investment helps a lot
Most of these houses for sale are likely investors that bought wildly during covid and are trying to break even or take profits while the markets pretty good. Especially if the rental market prices are low. They are losing their ass right now. High mortgage and low rental price.
yup
I live in Kaufman county and the reason for the spike is that there’s a lot of new construction homes being built. Funny that my home value still rose about 6.5% from the time we bought last year January.
Yet another outstanding video from Nick on the Texas markets. Thanks for this one!
Can you do Arizona? Guess I should see if you've covered AZ in the last 6 months. Great reporting. Amazing value. Great work man!!!
I live in Fort Worth, and most of all the new housing inventory is nowhere near anything.
People here spend 1, even 2 hours in traffic everyday commuting because of the whole “drive until you can buy” principle that American cities decided was a good foundation for urban planning.
My wife and I live downtown so I can walk to work, but we’ll be moving out of state when it comes to buying a house in a few years to a state that actually has housing near jobs and with a walkable urban core.
This is a good plan. BUT If you want to own an "affordable" house with a walkable urban core either you are moving to a much much smaller town or it won't be "affordable".
The nice thing about Fort Worth is that it is spread out. Live in Dallas or Austin if you want a "walkable city core".
@ Having to spend 1-2 hours a day in a car surrounded by some of the country’s worst drivers where there’s 0 traffic enforcement objectively sounds terrible. Where your kids have nothing to do in their neighbourhoods, can’t bike or walk to school safely, and they have to be constantly chauffeured around by mom and dad? Nah.
I worked in Dallas for a summer and it made me love Fort Worth, but not for the sprawl. Downtown Fort Worth feels more walkable and while drivers here love speeding and running red lights, Dallas drivers do much more of it.
I also wouldn’t have an issue with the spread if there were functional transit lines that went with it, rather than forcing everyone to use highways for nearly everything. Traffic is terrible and until the city and state starts providing alternative means of transportation, it’s only going to continue to get worse. Combined with some of the deadliest roads in the country, 4,000+ dead Texans a year, the sprawl life just isn’t for me. If you love it, c’est la vie. I’m trying to leave, not change that for you.
@ShowLSWH well of course if you live downtown you're going to have the issues you describe! We live north of you and just LOVE it. And yes, my kids walk or bike to school. No issues. Play on the streets and neighborhood parks. No issues. As far as drivers, Dallas has drivers that drive fast,but they're nice. They let you in traffic, if you aren't a jerk. I travel for work to many other urban areas and by far LOVE Dallas drivers by comparison.
Infrastructure in Texas is lacking. Very difficult to keep up with the influx in population.
Barely came across his channel, I spoke to two different realtors that mentioned almost exactly what he’s saying.
As far as the home supply being so high, infrastructure in Texas for the rapid growth, and sellers being stubborn and not wanting to sell lower than what their neighbors sold for two years ago.
I’ve been in the market for a second home for the past 6 months, not in a hurry since I already have a home just looking to rent this current one out. I’ve noticed homes here in SA, TX have been sitting in the market for a long time. If you’re waiting to sell buy a new home then it won’t affect you much, but if you’re on a pinch and MUST sell you’re home most likely you’re not going to sell at your ideal number.
Most of these home though have the advantage of being on a very good interest rate.
Regardless the market is going down, maybe not a crash but hopefully not as inflated as it was a few years ago.
@ you nailed it
Let me clarify a few points as to why some counties and cities listed experienced low prices.
-Kaufman: Literally cut off from civilization. Hwy 80 being the only lifetime in and out of this county. This area is completely gridlocked during traffic hours and disconnected from the rest of DFW.
-South Dallas: That's the historically poor and underserved part of the metroplex. Known historically for it's high crime rates.
-Austin: This one should be a no brainer. The increased cost of living pushed out local residents and left only the wealthy and the homeless in the city. Hwy 35 is the only lifeline to Austin and it is gridlocked all day with traffic. Recently, a few tech companies like Oracle have left the area and Elon Musk cut 14,000 jobs from the Tesla factory.
-Waco: Same problems as Austin, add to it that it is a college town first and a suburb second.
-Killeen: Not much going on there besides the military base. Another isolated community that doesn't connect to any major metropolitan area.
There are still cities that are experiencing increasing price increases in the area, especially in North Texas. Those who live near these cities will be reluctant to sell at a loss with the proximity to these other well off areas.
Kaufman county has hwy 175, hwy 20 & hwy 80 but we are country vibes for sure
I moved to San Antonio from Kansas City in early 2022 for work (I work for DoD). I kept my house in Kansas City I have had for 15 years and rented here. I chose to do that because I was convinced the housing market was experiencing a temporary bubble and I would lose money if I bought and sold. I also wasn't sure how my transfer would work out and if I would stay in the area. I am very frustrated by a lot of things on the Far West Side- the traffic on Culebra, never ending crowds around shopping areas, the horrible driving, houses built on top of each other, never-ending construction that doesn't improve in years, no streetlights, and the heat. The heat is worse than what you'll read as average statistics online. There are months of 100 degree to almost 100 degree days from April to October. It didn't even cool down this winter. It was 75 today, January 5th.
@@deer105 i will say grew up in DFW so very crowded now but i moved back recently outside S A after a year in Mexico and San Antonio feels very spacious easy to drive around and a breeze to navigate. So i guess it can be perspective. Although I’m about 45 minutes out here about same in Mexico from Monterrey. But it was more crazy and very claustrophobic there. ✌🏼 worse water issues we should learn from Mexico. It can happen here.
@soulshine8531 Agree- it is perspective.
YIMBY is winning in Texas and hope it continues. Developers are building and no need to stop them! Let prices fall!
I can’t believe the crazy prices in Celina and Prosper!
Add that to interest rates and property taxes and wow! Crazy.
2% correction is not a crash 😂
Its not even a correction. Anything less than 5% doesn't even qualify as a "dip".
LOL, rising interest rates into a 5% inflation rate for
But clickbait…. When there isn’t news, just make it up.
Austin is down 20% since mid-2022
@@SignalCorps1 And how much was it up between 2020-2022? Lol
Sellers don't HAVE to sell! What a concept!
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
This must be an investment with Mrs Geraldine Ann Philip
Wow! Kind of in shock you mentioned expert, Geraldine Ann Philips. What a coincidence!!
⠀ She helped me recover what I lost trying to trade myself
Geraldine Ann Philip understanding the market indicators is impressive. She knows exactly when to enter and exit trades for maximum profits. her siignals are top notch
As a beginner, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Geraldine Ann Philip’s . for years and highly recommend her I focus on her . To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
This video was a good 15-minute investment: I should continue to steer clear of residential real estate investing. Thanks.
The only people that can afford to live comfortably in Texas are remote workers from California. The pay in Texas is a third of what I’m paid here in the bay area for the same work. They pay nurses 30 an hour. Where a nurse here in San Jose is paid 100 an hour
That's why the market is so shit. We got all of the remote workers to come in and buy houses for 3x what they were worth - cheap to them but ludicrously expensive for us locals (and I was a nuclear engineer making bank relative to most here at the time). When most of my coworkers said they couldn't afford a house - and they represented the top 10% of incomes in the state - that should tell you how distorted it all became.
@ everything is a mess. I don’t think America is salvageable. I think it’s all broken.
2022 was when I sold and left Round Rock. That house is now $60,000 lower. My timing was perfect. Lucky for sure. Private sale too. No relator percentage nonsense.
Our spot here in San Antonio is down 60k according to Zillow
I will negotiate down hard with the sellers there if I decide to transfer jobs. A 20 year old house in Balcones Heights is not worth $300K, regardless of footage.
You mean little Mexico 😅😅😅
@ more like big Mexico
Fuckin over it! Between the heat and the savages I’m heading back north
@ in my former historic neighborhood we priced them out of the area. But too hot and now too expensive. Way too hot. Jobs required you to speak Mexican to hire. I say Mexican because they don’t speak standard Spanish or English.
Because Texas weather is crazy! It's not for the weak. Heat, tornados, hurricanes, flooding, and the bugs!🪳🦟😩🥵
It sure looks like a good portion of Colorado is heading down; most numbers in the 30s on reventure
It's bewildering to hear so many agents talk about prices going up, especially the young ones who have never known a down Market 😉
Colorado is up about 1% on the year. This information is available for free online. Lol
@@JimFriend-iw3ev only a fool laughs at her own comment
Fantastic discussion
Excellent analysis
Thank you Sir
Thank you Nick
One guy made the whole channel about bad new construction homes and inspections in Texas
I just saw a house worth 375k, just dropped to 299k in houston surrounding area
Avg salary in TX is $53K, so $200K home would be out of reach for most people, but when you add in the property tax and energy cost it's not going to work for the majority. In TX you have to use air conditioner 9-10 months a yr @ $400 month for a 1 bedroom, $700-$900+ a month for a 3+ bedroom, which tacks on an additional $4800 - $11,000+ a year for an average home, plus property taxes, mosquitos, tornadoes, torrential rains and high home insurance costs make TX way overpriced. The only way TX works is with dirt cheap home prices, which TX used to be known for.
very true something people dont factor in is electric cost, most pay more for AC than they do in insurance.
Ur AC is broken if it costs that much lol
@@thomasjefferson2934 I lived in TX in 1998 and had a 1 bedroom apartment in Houston and my average electric bill was $300+ per month. I can only imagine what it costs now. I also lived in Austin, Dallas, and San Antonio over the course of 11 years, and always had expensive electric bills. Unless you like living in 80 degree apartment or house you are going to have high electricity bills.
Also, people moving from other states don't realize we have water shortages in some areas of Texas. In Austin, when I lived there a year ago, was in stage 1 water restrictions - lawn watering allowed on two defined days per week - during short windows of time in the morning and evening. Here in Corpus Christi, we just entered stage 3 water restrictions, our surface water source is at 20% capacity. No rinsing of vehicles, etc., no lawn or ornamental watering ever. There is a city not far from here in stage 4 water restrictions, where the rates for water go up, I don't know what their water source capacity is at. My parents live in Cedar Hill, south of Dallas, they don't have any water restrictions, I'd imagine Houston is flush with water too. Some areas of Texas are getting to critical water availability, it's scary and bad. Something to consider when thinking about moving to Texas.
@@pamelagardner4191 Correct! When I lived in San Antonio, which depends on an aquifer for its water supply, Stage 4 water restrictions were implemented regularly, triggering a drought surcharge, increasing water bills significantly.
New to your channel here. Appreciate the good information. I am looking to buy a rental property in DFW area where I live, but definitely waiting for the price to go down as currently you just can't get positive cashflow at this current price and rate unless you pay cash, which is not worth it still with the high price.
Property taxes are so high everyone is hoping prices drop. This is insane. How are we supposed to earn any equity when we’re paying 2.5% of our homes value every year. I pay more in property taxes than I do on my mortgage principal and interest payments combined.
Waco home prices are insanely high for no reason. They want 600k for no space, no sq footage in horrible areas.
Big investors are selling many of their homes in high crime areas?
Please do a video on the Rio grande valley
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When appraisals drop, property taxes drop, and insurance rates drop.
There is a reason texas home prices didn’t rise much prior to the pandemic. Not the best state to be. I mean many people like it. It’s just not checked up to what it’s made out to be. Cheap homes aren’t enough for many people to stay long term.
It depends on what you're looking for. I can own 20 acres with a well and septic and pay a builder for a custom home for $400K. Not many places you can do that. If I can live on my own ranch and not have to deal with traffic and neighbors, that's good for me.
@@DIVISIONINCISIONThat makes sense! If you’re looking for a private life on a good chunk of land where you can’t be bothered I could see this being a solid state for it.
I think the issue has become now that the parts of the Texas growing the most are caught between a history and self-image of being rural contrasted with the reality of being metropolitan areas of millions of people.
As the cities sprawl because there’s no political will to adapt to the reality that Texas cities are urban now, they keep eating up beautiful ranch and farmland and turning it into strip malls and subdivisions next to giant highways.
I agree, Texas is awful. (Nobody else come here were crowded enough 😅)
@@Truth24434 very high property tax and rough weather previously prevented price appreciation
@@DIVISIONINCISION that sounds like an amazing set up to have for a great price. The thing is many cities like Houston or San Antonio have people moving to the suburbs. Those same people purchased their homes for half of what the same home would go for in California or New York or New Jersey. Now they are having regrets because the lifestyle in those states don’t parallel to the lifestyle in Texas.
I live in San Antonio, there are new construction homes everywhere you look. Incentives are good and builders are wanting to get these houses of their books. I look forward to being a homeowner here.
no crash
Great granular information.
So plenty of neighborhoods that grew by 100% over the last 10 years are still seeing price increases. Wake me up when these neighborhoods drop by 30-40% before I call it a crash.
@@tobyk5149 I'll be happy with a crash, I want to buy but I've been told about that crash for years and prices still go up where I live. So again, without a 30-40% drop (and even that won't erase completely the gains made these past 10 years), I won't call it a crash
No need to wake up because those price decreases aren't going to happen.
@JakeFakeusername Were you saying same BS 2004-2007 or were you not yet a bill-paying adult those bubble years?
Just keep your head in the sand and you will be fine, Jake
Waco is very conservative. Many retiring boomers downsizing, many "Californians" (people who dashed to Waco to grab "cheap" real estate" are cashing out to go back where they came from. Our job mkt is solid but not hot like N of DFW or in Harris County. New jobs? Most are service and travel - not enough to bring new home buyers into the market.
Interesting that you'd mention Texarkana. That place is a dump. Sorry to everyone that lives there, but after having been through there several times, I wouldn't live there.
Same as Dallas
It’s good to take a leak and pick up a Starbucks drink. So it’s got that going for it…
@@berrymilkteana6515 There are nice areas in DFW. I would move to Grapevine if I could get a job transfer there.
@@cmleoj same could be said about thousands of other dumps
@ I tend to agree, but this one was ‘special”. Covered in graffiti, sitting empty for years, corner lot off a super busy street, the house was basically add zero value, 340 was just the perceived value of the lot. I am in shock, but the seller can’t/won’t lower the price. Yet.
South Texas here, prices ain’t dropping.
I’m not sure why pandemic levels which are a one off set of data is used as a marker. This data was a false set. To compare to it as a predictor of failure is a bit fatalistic.
People learn slowly. The DFW metroplex is basically a 200 mile wide factory floor with some houses on it. There are faux entertainment businesses that exist to pretend that there is something to do. It took me a while to understand why business owners move here - it is because there is nothing else to do except work, which is what I would want my employees to be confined to doing if I were in their shoes. I wouldn't want them looking out the window and seeing beautiful mountains or anything distracting if I wanted them to just focus on work for the next 20 years.
Glad I got out last May.
🎉
Ridiculous prices, taxes, repairs, etc
"ThE hOUsEs aRe cRAsHiNG" -Nick literally everyday of every year
No reason to panic, prices are fine. The economy is fine now it's not like 2008
The property taxes are really high here. But nothing is dropping in Home prices. I’m talking about Plano, FRISCO, Alan, McKinney and most of the Collin county.
I am Houston and seeing most dumb seller who are asking over priced are force to drop price multiple times. They are still thinking we are in the lalaland like during pandemic. They forget that interest rate tripled and home insurance and HOA fee double most places. In addition most of insurance company won’t give insurance in certain places. With increase in hurricane (we had almost 3-4 this year) and inflation this cost will continue to go up 😂😂😂