LMFAO @ Austin real estate

[5x10]

did you not have to pay a massive tax increase? Thats what I am worried about. Paid 240 for my house and now after a year its already up to almost 300, at the rate Austin is going it will be over 400 in a few years.

if I’m not mistaken, you only pay taxes after the first 500k in gains , they are tax free

[LinuxJon]

OP why not just goto a builder?

No time. Mid August deadline to move.

This is probably my fault. The sellers were asking for your post history.

Brb not gonna be allowed to enter the city now.

[IMathew]

fkn lmao @ you

[Luc1fer]

Californians are flocking to Austin and Dallas.

Austin is supposedly becoming the new Silicon Valley (tech industries).

Cucks from Cali are used to overpaying for everything so they have no problem taking it up the azz on real estate purchase, they probably think they’re getting a deal too lmao.

This. You're fukked OP; these people were ready to pay $1M+ for a worse home.

In their eyes, it's a bargain.

[Jestbrah]

if I’m not mistaken, you only pay taxes after the first 500k in gains , they are tax free

nope, already paying for the 50k jump

[mr.left hook]

OP is ****ed if he didn't have at Least 500k to play with from selling your California home

[5x10]

nope, already paying for the 50k jump

whoops, I thought you were talking about selling it and paying taxes on the profit

Property taxes are an annual battle in Texas, constant disputes
In 2019, I was able to remove a 100k increase by the county
Now with houses in my neighborhood going for 250k more than I paid, I won’t be able to dispute the increase in value

[LinuxJon]

OP is ****ed if he didn't have at Least 500k to play with from selling your California home

We kept the CA home as a rental. We need to keep it in the mid 300s to be able to avoid PMI with our cash down payment.

[r32gojirra]

This episode of house hunters finna be lit af fam

[Lb54TG]

We are so screwed. lol

We bid $62k OVER asking ($362k for a $300k listing) and didn't get it with 20% down. Non-contingent.

why not a new build brah?

[LinuxJon]

why not a new build brah?

I would love to, but no time. Need to be there by mid/late August or earlier. Builders are saying like 6-12 months out. Nobody is gonna rent to us. lol

[regl8r]

Mirin brah

Ya the market is absolutely retarded. Doesn’t mean it’s not gonna continue to get even more retarded tho.

This ^^ Anything can happen but real estate is unlikely to crash like people who are scared of prices think it might. This is not 2008... difficult to qualify and inflation justifies these prices. It’s actually just now catching up to where things were pre 2008 around us.

[SynapticCleft]

Not as bad as Boston's real estate market where a burned out house is still worth $500K.

If you want a lol check this out. https://www.zillow.com/homedetails/2...59134121_zpid/

[LinuxJon]

This episode of house hunters finna be lit af fam

This is a fantastic idea and I just submitted our app (Srs)

[sword_]

Tempted to wait it out until prices normalize

[r32gojirra]

Tempted to wait it out until prices normalize

Skeletononbench.jpg

[Fozzy13]

Tempted to wait it out until prices normalize

Hahahahahahahaha

Im in contract in the austin area...house is well over 100k since I signed the sales contract and was just before all the crazy increases so there has been no price increases for me.

[Ratfish]

never watched The Price Is Right, eh?

I bid $362,001

u mad?

[Luc1fer]

Hahahahahahahaha

Im in contract in the austin area...house is well over 100k since I signed the sales contract and was just before all the crazy increases so there has been no price increases for me.

I don't think Austin prices will go down, migration is strong from Bay Area and CA generally. It's a target for tech.

[Nonsense916]

It’s over 4 u

[Nicklol]

thats still incredibly cheap for such a great location

in toronto, 1 milion gets you a shack

[Masterchieffer]

That’s nothing. Last house I bid on was listed at $950,000 and sold for over $1.3M I **** you not

[TheCore84]

House by me went for 75k over asking. Washington state.

[BothellBarbell]

Lol OP you need to find a new location if you want to be competitive in the tree fiddy range. Austin is past the up and coming stage and starting to compete with tech markets around the country. I didn’t even know any real estate market had any legit houses for less than $500k nowadays.

^^^edit

House by me went for 75k over asking. Washington state.

Live 20 mins north of Seattle and my neighbors house with worse specs than mine just went for $230k over list…market is beyond real tea

[LinuxJon]

Lol OP you need to find a new location if you want to be competitive in the tree fiddy range. Austin is past the up and coming stage and starting to compete with tech markets around the country. I didn’t even know any real estate market had any legit houses for less than $500k nowadays.

^^^edit


Live 20 mins north of Seattle and my neighbors house with worse specs than mine just went for $230k over list…market is beyond real tea

We're fine with suburbs, so we'll get something. Even if we pay $300k for a 3/2 listed at $240k in Kyle or Buda that we have to spend $20k facelifting, it's fine.

[swoleyo]

Not as bad as Boston's real estate market where a burned out house is still worth $500K.

If you want a lol check this out. https://www.zillow.com/homedetails/2...59134121_zpid/

I looked up rent in boston. Wtf 2500/3500 a month?

[akmerle]

OP why not just goto a builder?

Builders are just cranking out spec houses right now, and won’t even deal with the hassle of getting under contract for a custom build.

With specs they can set the final price when complete at whatever they want. They also can use whatever cabinets / appliances / fixtures are available. Lots of builders got HAMMERED by material cost increases while being already under contract this past year and a half. Building specs protects them from cost increases and supply issues.

[J3remy]

My thai GF's place is now worth over 80k now (paid off) and she only earns $3 an hour


Dwelling cost insanity all over the world

[r32gojirra]

This is a fantastic idea and I just submitted our app (Srs)

“I’m an amateur chicken coop assembler

I’m a professional troll on a dying gay Indian bodybuilding forum

Our budget is tree fiddy”

[Mercworx]

Californians are flocking to Austin and Dallas.

Austin is supposedly becoming the new Silicon Valley (tech industries).

If native Texans have any brains they will just secede and kick out anyone who moved from the west coast.


Probably too late now though.