Reply to If you were born in 1990, how do you plan on ever affording a house?

Forum Index » Real Estate

Reply to "If you were born in 1990, how do you plan on ever affording a house?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]If it hasn't already been said -- stop watching House Hunters and seeing what $150K can buy you in Dallas.

My actual advice is not to feel that buying is something you have to do right now. I kind of wish we hadn't been pressured (by parents and society) to buy before we really had a feel for things. We lost money on our first place but our second has appreciated nicely. There's just not judging when is the best time so don't even try. Back in '95 I had a coworker tell me to invest in S. Arlington and I don't think S. Arlington has had that moment even 22 years later. (S. Arlingtonians, feel free to prove me wrong.)[/quote]

We bought in South Arlington in 2009 for low 500's, similar houses are selling for over $700,000 now. South Arlington has gone up but I don't think we've peaked. I had neighbors who bought a SFH in our neighborhood in early 2000's for around $250,000. They sold in 2015 for over $650,000. But then in 2016, we had a number of tear downs of similar houses with 1.2 million and up new houses replacing them, which we had not seen before. There are still a bunch of older homes in that $600,000 price range on lots that are large and flat enough for tear downs to be profitable for developers or even individuals looking to build custom. Who knows. Glad we got in, but I think there's still opportunity here. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics