Why is Real Estate so cheap in Texas?

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  • RadicalSights
    So Fucking Banned
    • Mar 2009
    • 1595

    #1

    Why is Real Estate so cheap in Texas?

    Anyone noticed how much bang for you buck you get down there? Mini Mansions for far under 1 mill...

    http://www.realtor.com/realestateand...738_1116882670

    Does no one want to live there or something?
  • Waddymelon
    So Fucking Banned
    • Oct 2009
    • 17349

    #2
    Who the fuck wants to live in Texas?

    Comment

    • Waddymelon
      So Fucking Banned
      • Oct 2009
      • 17349

      #3
      No wonder that place is so cheap... its a big house on a small lot. And its in Texas.

      If I were going to live in texas I'd have 20+ acres so my neighbors wouldnt be close. Its not like there isnt plenty of empty space there.

      Comment

      • Sid70
        Downshifter
        • Dec 2002
        • 16413

        #4
        my price range goes up only 150k so it's still too expensive.
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        Comment

        • ottopottomouse
          She is ugly, bad luck.
          • Jan 2010
          • 13177

          #5
          Originally posted by Waddymelon
          No wonder that place is so cheap... its a big house on a small lot.
          could fit that plot 4x in my front garden
          ↑ see post ↑
          13101

          Comment

          • DaddyHalbucks
            A freakin' legend!
            • Feb 2004
            • 18975

            #6
            Supply and demand. Texas has alot of land.
            Boner Money

            Comment

            • bloggerz
              Too lazy to set a custom title
              • Dec 2006
              • 16255

              #7
              check Detroit Michigan
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              • marcop
                Confirmed User
                • Nov 2005
                • 4150

                #8
                Originally posted by Waddymelon
                Who the fuck wants to live in Texas?

                Comment

                • epitome
                  So Fucking Lame
                  • Jun 2009
                  • 12156

                  #9
                  You'll have people like The Demon as your neighbor.

                  That alone is enough to drive down property values, I would think.

                  Comment

                  • pornguy
                    Too lazy to set a custom title
                    • Mar 2003
                    • 62912

                    #10
                    Nice house.

                    Reason. "there aint nothing in texas but steers and queers"
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                    • JFK
                      FUBAR the ORIGINATOR
                      • Jan 2002
                      • 67373

                      #11
                      Originally posted by pornguy
                      Nice house.

                      Reason. "there aint nothing in texas but steers and queers"
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                      • BestXXXPorn
                        Confirmed User
                        • Jun 2009
                        • 2277

                        #12
                        Property taxes are nearly the highest in the nation ... for one...
                        ICQ: 258-202-811 | Email: eric{at}bestxxxporn.com

                        Comment

                        • slapass
                          Too lazy to set a custom title
                          • Nov 2002
                          • 14625

                          #13
                          That is weird. I was going to say because so much land. the cities are able to expand at will as no natural barriers but that is still an amazing price.

                          Comment

                          • closer
                            Confirmed User
                            • Sep 2005
                            • 1707

                            #14
                            Originally posted by pornguy
                            Nice house.

                            Reason. "there aint nothing in texas but steers and queers"
                            Ouch ... one of the most homophobic states ...

                            Comment

                            • Redrob
                              Confirmed User
                              • Oct 2004
                              • 4791

                              #15
                              If you were to live in Austin, you could consider yourself lucky. Liberal, educated and talented, the people of Austin know they have it good and how to have a good time.

                              SXSW, Sixth Street, Warehouse District, Austin City Limits, University of Texas, Hippie Hollow, Barton Springs, the Highland Lakes, Texas Hill Country, Blanton Museum, LBJ Library and so much more are here to enjoy.

                              The reason prices for real estate are so low (compared to LA) is we still have plenty of land to build on. When you buy a home here, you pay for the house and only $10K or so for the land. Really a sweet deal and many people from Northeast and California sell their expensive homes and retire to Austin while pocketing the extra $500K in equity off their old home.

                              Comment

                              • xmas13
                                Confirmed User
                                • Dec 2004
                                • 5176

                                #16
                                The percent MSA population change from April 1, 2000, to July 1, 2008, as estimated by the United States Census Bureau.

                                Dallas-Fort Worth-Arlington, TX MSA 6,300,006 +22.06%
                                Houston-Sugar Land-Baytown, TX MSA 5,728,143 +21.48%
                                Austin-Round Rock-San Marcos, TX MSA 1,652,602 +32.23%
                                ICQ 557504926

                                Comment

                                • The Demon
                                  Confirmed User
                                  • Apr 2003
                                  • 7336

                                  #17
                                  Originally posted by RadicalSights
                                  Anyone noticed how much bang for you buck you get down there? Mini Mansions for far under 1 mill...

                                  http://www.realtor.com/realestateand...738_1116882670

                                  Does no one want to live there or something?
                                  Real Estate is so cheap here because our economy is pretty badass compared to the rest of the country. Thank the oil and gas industries.
                                  Greed is Good

                                  Comment

                                  • The Demon
                                    Confirmed User
                                    • Apr 2003
                                    • 7336

                                    #18
                                    Originally posted by epitome
                                    You'll have people like The Demon as your neighbor.

                                    That alone is enough to drive down property values, I would think.
                                    That's possible. It's also possible that you're an idiot who's been ridiculed too many times to count, and now you'll ride my nuts because I'm better than you.

                                    Objectively speaking though, I'd rather live by an asshole than a completely incompetent human being. The asshole might piss me off, the incompetent tool might set my house on fire.
                                    Greed is Good

                                    Comment

                                    • The Demon
                                      Confirmed User
                                      • Apr 2003
                                      • 7336

                                      #19
                                      Originally posted by Redrob
                                      If you were to live in Austin, you could consider yourself lucky. Liberal, educated and talented, the people of Austin know they have it good and how to have a good time.
                                      Hahahah this made me laugh. As someone who knows a bunch of UT grads, and attending many of the parties, there's a fine line between "liberal" and "educated".
                                      Greed is Good

                                      Comment

                                      • xmas13
                                        Confirmed User
                                        • Dec 2004
                                        • 5176

                                        #20
                                        Dallas has more shopping centers per capita than any other city in the United States. The Texas Medical Center in Houston is the largest medical center in the world. Except for MIT, University of Texas at Austin attracts more federal research grants than any American university without a medical school.
                                        Last edited by xmas13; 03-17-2010, 07:05 AM.
                                        ICQ 557504926

                                        Comment

                                        • smax
                                          Confirmed User
                                          • Jun 2007
                                          • 341

                                          #21
                                          Originally posted by BestXXXPorn
                                          Property taxes are nearly the highest in the nation ... for one...



                                          No state income tax balances that out

                                          Comment

                                          • BradM
                                            Confirmed User
                                            • Dec 2003
                                            • 3397

                                            #22
                                            Originally posted by smax
                                            No state income tax balances that out
                                            Hardly a balance I'd say to be honest. I guess it depends on the home value and your income.

                                            Comment

                                            • Mutt
                                              Too lazy to set a custom title
                                              • Sep 2002
                                              • 34431

                                              #23
                                              Austin is one of the hottest 'cool' cities in the country, some of the best photogs i've seen are in Austin. I was looking at houses, pretty decent value there still.

                                              Texas has beautiful women too, sluts, beautiful slutty women.
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                                              Comment

                                              • digitaldivas
                                                ..I Heart Cannibal Corpse
                                                • Sep 2007
                                                • 4328

                                                #24
                                                Originally posted by Redrob
                                                If you were to live in Austin, you could consider yourself lucky. Liberal, educated and talented, the people of Austin know they have it good and how to have a good time.

                                                SXSW, Sixth Street, Warehouse District, Austin City Limits, University of Texas, Hippie Hollow, Barton Springs, the Highland Lakes, Texas Hill Country, Blanton Museum, LBJ Library and so much more are here to enjoy.

                                                The reason prices for real estate are so low (compared to LA) is we still have plenty of land to build on. When you buy a home here, you pay for the house and only $10K or so for the land. Really a sweet deal and many people from Northeast and California sell their expensive homes and retire to Austin while pocketing the extra $500K in equity off their old home.
                                                Austin seems like a Very Big "sausage fest" to me. Seemed like there were a TON more dudes than chicks wherever I went. On the flipside, the skyline was pretty cool and 6th street was fun... I am a Texas native, btw.
                                                Last edited by digitaldivas; 03-17-2010, 08:27 AM.
                                                ...

                                                Comment

                                                • jerryb
                                                  Confirmed User
                                                  • Feb 2005
                                                  • 588

                                                  #25
                                                  That's a REAL simple question to answer ... There are more sellers than there are buyers. Works the same in ALL markets.
                                                  - -

                                                  Comment

                                                  • NaughtyVisions
                                                    Confirmed User
                                                    • May 2008
                                                    • 4204

                                                    #26
                                                    Originally posted by RadicalSights
                                                    Does no one want to live there or something?


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                                                    • aniloscash
                                                      Confirmed User
                                                      • Oct 2008
                                                      • 1161

                                                      #27
                                                      high taxes
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                                                      • PornMD
                                                        Mainstream Businessman
                                                        • Jan 2007
                                                        • 9291

                                                        #28
                                                        Originally posted by Waddymelon
                                                        Who the fuck wants to live in Texas?
                                                        Thank you. Seriously.
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                                                        Comment

                                                        • Tom_PM
                                                          Porn Meister
                                                          • Feb 2005
                                                          • 16443

                                                          #29
                                                          They are smart. Higher taxes and less purchase price per square foot equals much more long term money.. for the gubment.
                                                          43-922-863 Shut up and play your guitar.

                                                          Comment

                                                          • epitome
                                                            So Fucking Lame
                                                            • Jun 2009
                                                            • 12156

                                                            #30
                                                            Originally posted by The Demon
                                                            Real Estate is so cheap here because our economy is pretty badass compared to the rest of the country. Thank the oil and gas industries.
                                                            I guess you weren't there in the 80's?

                                                            In Houston they were foreclosing on 3k homes a month and the price of houses dropped 30%.

                                                            I'd be curious to see how Texas fares with another shakeup in oil.

                                                            http://www.inflationdata.com/inflati...ices_Table.asp

                                                            I hope for the good of Texas that the market speculators do not become bored with oil.

                                                            Comment

                                                            • datatank
                                                              Confirmed User
                                                              • Aug 2004
                                                              • 5471

                                                              #31
                                                              When ever I see threads like this I always get tempted to move somewhere and get a mini mansion. Then I realise I really would not be happy as there is nothing to do when you leave the house.
                                                              I would just sit in my house alone haha

                                                              Comment

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