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Thread: Housing market

  1. #21
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    Our problem here in Texas are the Cali refugees coming in and paying over asking prices on homes for sale.

    This pushes our appraised values up and are making it harder to afford to stay in your house.

    Realtors are loving this scenario, because they are making bucks, those of us that paid our houses off early and were hoping to retire in TX someday...not so much.

    Then, there is the fact that the CA refugees are turning our state blue.

    oh...don't get me started....

  2. #22
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    Funny...you might as well have been referencing Georgia, as all of the above points are exceeding applicable to said state. Housing prices absurdly high, influx of Cali refugees, large cities are dark blue and spreading outward in cancerous concentric circles of pale blue.

  3. #23
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    Quote Originally Posted by brickboy240 View Post
    Our problem here in Texas are the Cali refugees coming in and paying over asking prices on homes for sale.

    This pushes our appraised values up and are making it harder to afford to stay in your house.

    Realtors are loving this scenario, because they are making bucks, those of us that paid our houses off early and were hoping to retire in TX someday...not so much.

    Then, there is the fact that the CA refugees are turning our state blue.

    oh...don't get me started....
    They're moving out of Austin and making offers on everything available.
    Property is getting expensive and my taxes keep going up.

  4. #24
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    Utah is experiencing this as well. You have people in Cali selling their 3bd/2bt homes for a million then paying cash for a bigger home for a half mil then buying an investment/rental property for $300k. There is less than 2k homes on the market in utah and there’s waiting lists months long to even talk to a builder. We built a house early last year and are not selling, yet have received cash offers for $100k over what we paid. It’s mind boggling.

    Quote Originally Posted by brickboy240 View Post
    Our problem here in Texas are the Cali refugees coming in and paying over asking prices on homes for sale.

    This pushes our appraised values up and are making it harder to afford to stay in your house.

    Realtors are loving this scenario, because they are making bucks, those of us that paid our houses off early and were hoping to retire in TX someday...not so much.

    Then, there is the fact that the CA refugees are turning our state blue.

    oh...don't get me started....
    I paint spaceship parts.

    Quote Originally Posted by Failure2Stop View Post
    Stippled Glocks are like used underwear; previous owner makes all the difference in value.

  5. #25
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    The part of this I don't understand is who is still buying the Cali 3bd/2bt homes for a million, and why?

  6. #26
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    Chinese are buying California.

  7. #27
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    Quote Originally Posted by lowprone View Post
    Chinese are buying California.
    Didn’t go well for the Japanese….
    I just did two lines of powdered wig powder, cranked up some Lee Greenwood, and recited the BoR. - Outlander Systems

    I'm a professional WAGer - WillBrink /// "Comey is a smarmy, self righteous mix of J. Edgar Hoover and a gay Lurch from the "Adams Family"." -Averageman

  8. #28
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    This can only go on until a market shift makes your 1,000,000 home in wonderful downtown Van Nuy's California worth about a fourth of that.
    Eventually this will destroy the market.
    Last edited by Averageman; 06-10-21 at 20:49.

  9. #29
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    This thread brings up a good point. Higher valuations mean higher property taxes. Higher property taxes = Shit ton of people who can’t afford it anymore. They are then forced to sell or rent. And this pisses me off even more because I’ll only be able to stay in my house im rebuilding with my parents help for 5 years. (City has property tax abatement for Reno’s). Oh well, I’ll enjoy collecting 3k/month in rent on what is a .5 million property if I finished today.

  10. #30
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    Quote Originally Posted by Averageman View Post
    This can only go on until a market shift makes your 1,000,000 home in wonderful downtown Van Nuy's California worth about a fourth of that.
    Eventually this will destroy the market.
    I hate to say it, but I hope so. Won’t be able afford otherwise.


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