3 ms·
In TX it depends what city, you can still find something in DFW that is affordable but might not be in a prime location. Housing here has gone up almost 50% in
by ChumpGPT 3y ago
In TX it depends what city, you can still find something in DFW that is affordable but might not be in a prime location. Housing here has gone up almost 50% in the last 8 years. 400k will typically get you an average nice smallish house but 600-800 will get you an extremely nice large house. Job market is decent, wages are good, quality of life is comfortable and affordable.
In places like Toronto, Canada, a house that cost 300k is now selling for 1.2 million 10-12 years later. A condo use to be something a first time buyer could afford but now they too have increased in price where 500 sq/ft -1000 sq/ft can run 700k to 1 Mil. Most folks can't afford the down payment and you need to be earning around 300k to even consider buying something with the interest rates at 7-8 %. I actually saw the price of a Condo I was watching go from 300k in Oct 2019 to 600k in April of 2020. It doubled in price in like 6 months. Housing was going up in price 1.5k -2k a week during the Pandemic.