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Locals in Dallas are similarly complaining. We've had a lot of companies move here in the last few years, and housing prices have skyrocketed as a result. So fa

by amyjess 10y ago

Locals in Dallas are similarly complaining. We've had a lot of companies move here in the last few years, and housing prices have skyrocketed as a result. So far, rents haven't gone up quite as much as purchase prices, but they're going up too, and it's only a matter of time before rent catches up. We used to be one of the cheapest cities in the country, and while we're still cheap compared to California, the gap has noticeably narrowed. (edit: I've also heard of Californians moving here who make an offer for well above the asking price, just to make sure they get it, which contributes to the skyrocketing prices)

ryandrake 10y ago
> I've also heard of Californians moving here who make an offer for well above the asking price, just to make sure they get it, which contributes to the skyrocketing prices Maybe that's all Californians know. It's normal out here. I put in an offer on a home that received 45 other written offers, 1/4 of them all-cash and above asking price. If you're financing, you need to go much higher than 25% above asking. It's insanity. Then we go move to different parts of the country and forget that you don't need that aggressive approach everywhere.