Originally Posted by Lee T
I have to agree with Clyde. As a developer and real estate investor for 25 years (In dfw),assuming the housing market will go down (especially in urban areas) is not a well founded assumption. Just because houses were much cheaper 4 years ago does not mean that housing today will go down. The crash of 2008 to 2013 was the worst since the great depression. If you look at housing prices pre crash and now, it is as if houses appreciated at a normal pace over the last ten years. It just all hit in the last 3 years. Same thing happened to the dow. With the growth projections for DFW and the increasing difficulty and expense of urban and suburban development, prices are likely going to continue to rise. (Unless a major economic event changes the climate drastically) DFW has one the lowest housing cost of any major metropolitan area in the US. It is home to a lot of Major builders and developers which keeps a steady supply of new housing. The problem is that it is moving further and further out, Traffic is becoming a limiting factor thus driving pricing higher closer in. It is your choice but why not buy a used Huracan or Gallardo and a condo or house? I would absolutely buy the house first. It is also the only major tax write off you will have. Enjoy it while you can because as your income goes way up the deduction goes away. Lee
You know, that's what my pops is telling me... to buy a house.
Here's a question for you... say my job was near or around the Dallas downtown area---- is there a place you'd recommend that has good condos to buy? I'm not against buying a house, but it would be cool to do both house and car.