5 ms·
It can't keep going up forever. There is enormous demand around $800k which is still significantly higher than the median price of homes of around $500k Houston
by anilshanbhag 8y ago
It can't keep going up forever. There is enormous demand around $800k which is still significantly higher than the median price of homes of around $500k Houston/Dallas. As supply increases, prices will fall and hopefully people can buy houses finally.
- arbuge 8y agoThe median home price in Dallas is way below $500k: https://www.zillow.com/dallas-tx/home-values/ https://www.zillow.com/dallas-tx/home-values/ Even if you restrict yourself to the nicer northern suburbs, that's still way off: https://www.zillow.com/plano-tx/home-values/ https://www.zillow.com/plano-tx/home-values/
- muzz 8y agoProp 13 limits the supply of homes available for sale. In Texas if your house value doubles, your property taxes double also. In California (since 1978), they remain the same.