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Old 03-17-2010, 04:21 AM   #1
RadicalSights
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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?
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Old 03-17-2010, 04:49 AM   #2
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Who the fuck wants to live in Texas?
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Old 03-17-2010, 04:51 AM   #3
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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.
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Old 03-17-2010, 04:51 AM   #4
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my price range goes up only 150k so it's still too expensive.
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Old 03-17-2010, 05:50 AM   #5
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No wonder that place is so cheap... its a big house on a small lot.
could fit that plot 4x in my front garden
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Old 03-17-2010, 06:34 AM   #6
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Supply and demand. Texas has alot of land.
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Old 03-17-2010, 06:36 AM   #7
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check Detroit Michigan
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Old 03-17-2010, 06:51 AM   #8
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Who the fuck wants to live in Texas?
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Old 03-17-2010, 07:04 AM   #9
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You'll have people like The Demon as your neighbor.

That alone is enough to drive down property values, I would think.
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Old 03-17-2010, 07:11 AM   #10
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Nice house.

Reason. "there aint nothing in texas but steers and queers"
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Old 03-17-2010, 07:22 AM   #11
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Nice house.

Reason. "there aint nothing in texas but steers and queers"
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Old 03-17-2010, 07:23 AM   #12
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Property taxes are nearly the highest in the nation ... for one...
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Old 03-17-2010, 07:28 AM   #13
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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.
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Old 03-17-2010, 07:32 AM   #14
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Nice house.

Reason. "there aint nothing in texas but steers and queers"
Ouch ... one of the most homophobic states ...
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Old 03-17-2010, 07:40 AM   #15
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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.
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Old 03-17-2010, 07:53 AM   #16
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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%
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Old 03-17-2010, 07:54 AM   #17
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Originally Posted by RadicalSights View Post
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.
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Old 03-17-2010, 07:56 AM   #18
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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.
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Old 03-17-2010, 07:58 AM   #19
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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".
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Old 03-17-2010, 07:58 AM   #20
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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.
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Last edited by xmas13; 03-17-2010 at 08:05 AM..
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Old 03-17-2010, 08:07 AM   #21
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Property taxes are nearly the highest in the nation ... for one...



No state income tax balances that out
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Old 03-17-2010, 09:10 AM   #22
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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.
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Old 03-17-2010, 09:19 AM   #23
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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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Old 03-17-2010, 09:23 AM   #24
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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.
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Last edited by digitaldivas; 03-17-2010 at 09:27 AM..
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Old 03-17-2010, 09:35 AM   #25
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That's a REAL simple question to answer ... There are more sellers than there are buyers. Works the same in ALL markets.
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Old 03-17-2010, 09:43 AM   #26
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Does no one want to live there or something?


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Old 03-17-2010, 09:51 AM   #27
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high taxes
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Old 03-17-2010, 10:09 AM   #28
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Who the fuck wants to live in Texas?
Thank you. Seriously.
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Old 03-17-2010, 11:03 AM   #29
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They are smart. Higher taxes and less purchase price per square foot equals much more long term money.. for the gubment.
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Old 03-17-2010, 12:16 PM   #30
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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.
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Old 03-17-2010, 12:29 PM   #31
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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
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