New Home FIRE SALE In Dallas Texas | This Is CRAZY

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New Home FIRE SALE In Dallas Texas | This is CRAZY
Housing Market report and update on Dallas and Fort Worth New Home Construction. Real Estate Fire Sale
0:00 - Intro
2:06 - Dallas Stats
3:43 - Tour Map
4:40 - Forney, Texas New Homes
11:39 - Celina, Texas New Homes
15:29 - Fort Worth, Texas New Homes
19:44 - Conclusion
ENROLL in our FREE Value packed homebuyers course: real-estate-mindset-homebuyin...
For correspondence please email me at:
Travis@RealEstateMindset.Org
Community Ran Discord LINK: / discord
Helpful Links:
1. How Much Interest Really Cost Calculator
www.consumerfinance.gov/ownin...
2. How Much Can You Afford Calculator
www.calculator.net/house-affo...
3. Debt to Income Ratio Calculator
www.calculator.net/debt-ratio...
4. Amortization Calculator
www.calculator.net/amortizati...
#mortgagerates #realestatenews #housingmarketupdate
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset's RU-vid channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, RU-vid, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.

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29 июн 2024

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Комментарии : 992

@Byrondavis89 6 месяцев назад

We need to normalize a simple lifestyle and stop normalizing debt. Huge SUVs, huge houses and private universities are simply not necessary. I live within my budget and I sleep better at night knowing that if I lose my job tomorrow, ' be fine. I didn't buy the biggest house. I bought the one I could comfortably repay

@RandalHebert 6 месяцев назад

Yeah can being frugal be sexy please? recently mentioned that I'm frugal to a young woman and she gave me the weirdest look... Being financially responsible is looked down on

@Bradleyschaeffer376 6 месяцев назад

I wish I could find it, but I remember reading a study once that claimed financially insolvent men had 1.5-2x more sexual partners than their financially solvent counterparts.

@Seanmirrer 6 месяцев назад

Big house suv. Bruh you got people driving Honda civics, living in a 1 bedroom apartment and not a luxury one at that living paycheck to paycheck. The median rent is 2000. A lot of financial professionals especially the one I work with Samuel Peter Descovich agree that one should not spend more than 30% of their gross income on rent. That means you need to make a minimum of about $80,000. Interesting considering the median income is $54,000.

@CapoTonySnow 6 месяцев назад

@Jimpard stop spamming, it's so obvious

@TheVoiceofTheProphetElizer 6 месяцев назад

I feel like the prevailing attitude in DFW is "compete with and if you can, outdo the next guy".

@bigtexas81 6 месяцев назад

I'm not trying to be mean by saying this, but one of the biggest risk in these types of situations is when home owners who can't afford their homes rent them out and government programs like section 8 brings people into the neighborhood that ordinarily wouldn't be able to afford to buy there. This happened to us during 2009, and it was a nightmare. We saw criminal activity like we had never experienced. Ultimately, it completely changed the atmosphere and brought property values down.

@Txguy998 6 месяцев назад

Yup renter community always brings area down.

@scottperry7311 6 месяцев назад

Its not mean its true.

@expletivedeleted 6 месяцев назад

The gangs and crime are what will get you...visit and see for yourself...come armed...learn ebonics and Spanish...lol! Go TEXAS! So sad what they are doing to purposely destroy this state...and country.

@roninpwns 6 месяцев назад

@@Txguy998mindsets like this is part of why there’s a housing crisis

@brannon1221 6 месяцев назад

Our HOA in Forney doesn't allow renters

@Alex-xh7dm 6 месяцев назад

I am from Forney, TX. Yes, I agree with Travis - so many constructions are around us right now, but the main problem is - that nobody wants to live in Forney. Schools are not good. There are always traffic on hw 80 and 548 road. We are trapped here and can not sell our existing homes because of all of these factors.

@whoisthe1412 6 месяцев назад

Yup he left out the fact that people don't want to live in those area. Dude only spreading fear.

@kevinblackburn3198 6 месяцев назад

My daughter had lived in Forney for 8 years. Forney used to be fantastic. Then they built the warehouses and corporate rentals took over. The crime in Forney is a disaster. The schools, which were very good, are terrible. Do not look at Forney

@ShibaMcDripNu 6 месяцев назад

Can't yall home/online school?

@Txguy998 6 месяцев назад

In so glad I’m renting I was able to move out of Dallas last summer to get a higher paying job in New Mexico.

@dallasryder8125 6 месяцев назад

I remember when my Dad had purchased one of the early homes in Heartland, Forney in like 2006 when I was in HS. Nice new build had like 1800 sqft, big backyard for like 140k. I remember years later. Homes were short selling for 80k lol. I'm not lying, homes were being abandoned. I recently went back to that area and it's crazy how much building they've done. I remember there just being a HS, Whataburger, walmart, chickfila and a chilis past the train tracks. The amount of traffic is insane as well. Those same homes are like 400-600k lol

@luistor4510 6 месяцев назад

Houses are still waay overpriced.Very few people can afford a 400K + House.

@0alejandromontes0 6 месяцев назад

@@Charlytto37I disagree.

@moderatorenforcement3001 6 месяцев назад

@@Charlytto37you are 100% wrong

@luistor4510 6 месяцев назад

Let me guess you are a realtor@@Charlytto37

@LockedUpLarry 6 месяцев назад

@@Charlytto37must be a realtor. By your logic…. Housing, services, food, rents… etc are all proper since Covid! It’s just pay that is lacking??!!! lol

@josephenglish4496 6 месяцев назад

$125,000 after we all lose are jobs to AI .

@jcc9925 6 месяцев назад

Celina is in the middle of no where. Probably an hour drive to Dallas without traffic. And I can't even imagine the property taxes and home owners insurance on these $800K+ properties. There is so much land in Texas. No excuse for these prices. Homes in DFW were under $200K for decades for a reason. Even in oil boom times, Dallas was never over $200K for average homes. Wow

@KAZHE63 6 месяцев назад

I agree with you that the prices are utterly insane. However, Celina is no longer the middle of nowhere. It’s exploding in housing and getting a Costco. It will melt together with Prosper eventually

@matteosummer79 6 месяцев назад

@@KAZHE63 True, but I hope you intend on working from home there. The drive to Dallas from Celina will be atrocious...and expensive.

@KAZHE63 6 месяцев назад

@@matteosummer79we actually do telework, but I will not be paying those prices.

@jwalka534 6 месяцев назад

Go to DeSoto, Texas 75115

@HumphreyU 6 месяцев назад

@@matteosummer79 Celina has become more of a suburb of West Plano/Frisco. A lot of major businesses have moved their operation centers there. West Plano/Frisco is about a 30 minute commute.

@kanointhephilippines8082 6 месяцев назад

Property taxes, home insurance coupled with my monthly water bill in central Texas just became way too much to justify for me. Retired to the Philippines and have almost the same lifestyle as I did there for about one fourth the cost and no social drama here. Never thought I would leave but for me it's not the Texas it once was.

@215618680 6 месяцев назад

LOL! "Kano" in the Philippines=great name. I just spent the last 2 months in Angeles but had to return to Florida for medical (surgery) issues. What you described about TX has also happened in FL to us (military) retirees. It is fun and games being an expat until your body betrays you. I have become a fix or repair daily (FORD) patient. Oh well, it was fun while it lasted. If a retiree is able, they should try the expat lifestyle. Good luck!

@kanointhephilippines8082 6 месяцев назад

@@215618680 Thanks for the comment. I too retired military in 99. You are correct, the Philippines is a great place but if you need medical care well....might look elsewhere. Take care and enjoy the journey.

@brianmatthews4149 6 месяцев назад

Those taxs are as big as the state

@jhorton4329 5 месяцев назад

Just curious, for property taxes in Texas, what is the typical cost? 1-2% of the homes value annually? So, $5K on a $500k home? I have heard the property taxes are high (given no state income tax). Just curious how high?

@kanointhephilippines8082 5 месяцев назад

@@jhorton4329 I paid about $675.00 monthly 8 years ago in Texas before I left. That was for a home and 10 acres. In the summer my water bill would average $400.00 monthly. My property tax here for a home and about 1/4 acre is about $65.00 per year.

@charlesbrown9213 6 месяцев назад

Dallas-area resident here. Yes, Travis, lots of "inventory" - but as you noted multiple times on this video, most of these are spec/luxury homes -- thus unaffordable for a typical family. For the typical family looking to buy, there is precious affordable inventory... The price point for Texans is especially important, as Texas property taxes are rapacious.

@CaptainCaveman1170 6 месяцев назад

@LesHom Landlords don't buy SFR past a certain price point because they just don't pencil out. The sweet spot for them is somewhere around 1600-1800 sf. I know this first hand. So NO landlord is going to buy most of these homes unless they get them for half off in some kind of broad-based shady deal. By shady I mean a government bailout because the builder won't be chopping in half (voluntarily) unless the government gets in the middle first and promises to pass the losses onto the taxpayer (as always). That's unlikely but certainly not out of the realm of possibility anymore! But barring that bailout scenario, the builders will simply be forced to keep slashing prices until they become affordable to "someone", even if it bankrupts them in the process. That would actually be par for the course for many homebuilders.

@Txguy998 6 месяцев назад

Typical family can only afford a house in oakcliff

@DCTexas22 6 месяцев назад

I had to look up papacious 😂 and i totally agree

@hershbagelstein545 6 месяцев назад

Great use of the word rapacious

@kristinjohnson3655 6 месяцев назад

The best point is the property taxes. Well over 3% in Texas. Disaster in the making over the last 5 years.

@jorgegaray3786 6 месяцев назад

I work as a civil engineer in land development in the dallas-ft worth area. I work with these developers/builders all the time. They have stated that things have slowed down but the demand is still there. It looks like high inventory in the video but its not compared to overall market demand. Builders are aware of what happened in 2008 but are also aware of the low inventory of homes across the state. These high interest rates have caused existing homeowners to not sell their homes because they don't want a home with a higher rate, thus removing housing stock from the market. What these builders do is build a few spec homes and if they are selling 2-3 per month, then they will build some more. The demand is a mix of out of state residents, investors looking to get out of stocks , a few high income earners and a few looking to move up in home status. If these homes weren't selling, they wouldn't be developing land and building homes.

@GhostZodick 6 месяцев назад

wow. You brought valuable new information that most people don't know.. Thanks for sharing.

@eazolan 6 месяцев назад

If that were the case, then builders wouldn't need to offer incentives.

@dcdanger6151 6 месяцев назад

These builders must be strategically investing for their next bankruptcy/tax write off and or federal bailout assistance

@JohnDoe-mh8tm 5 месяцев назад

Try again Kev.. Bahahaha. Not fooling us. Take your bs elsewhere.

@jeffnordin108 5 месяцев назад

That's simply bad logic "If the homes weren't selling, they wouldn't build" By that logic, if you could go to jail for stealing, then nobody would steal People do all kinds of speculative dumb shit, including builders

@jackjohnson9449 6 месяцев назад

The Texas housing bubble is beyond shocking.

@josephenglish4496 6 месяцев назад

Yes catastrophe in motion

@LockedUpLarry 6 месяцев назад

Everything is bigger in TX, said every ego’maniac. I was born and raised in the outskirts of San Antonio. East Central district. Joined the Army some 22 yrs ago. Recently retired and decided to not move back home. It’s sad how bad it is in TX. I do miss my people there! But, I’ll have to set roots elsewhere. Too much traffic and costs! Even in rural TX the costs have encroached in those areas. Greed is rampant. No thank you.

@ErickaWilliamsCC 6 месяцев назад

There is no bubble

@RockwellAIM65 6 месяцев назад

It would be different if the weather was nice but yeah, golly. I feel sorry for Texas coz the way things have gone down there is just wrong.

@HipHopCantSaveMe 6 месяцев назад

@@LockedUpLarryAny recommendations on where to buy?

@azmike3572 6 месяцев назад

So many of these homes seem to be 15 feet from the next one. Very little privacy.

@lindadukes 6 месяцев назад

Congratulations on your growth. I'm renting at $2300 in TX right now. Due to the school. I am counting my days to get out of my lease.

@joefunk76 6 месяцев назад

I live in Dallas and am trying to buy. All of the new subdivisions, with the exception of $1m+ ones, are in the outskirts locations that are relatively undesirable. Every new development that pops up needs to be in a location that was previously unoccupied, and a location is generally unoccupied because it was a less-preferred one than other available ones at that time. If mere affordable shelter is one’s goal, those are fine, but if you want to be in a convenient location and have your home be desired by buyers once it comes time to sell, those subpar locations are not what you want.

@jstar1000 6 месяцев назад

I prefer to no live in Dallas or Ft Worth proper, way to many people and too many undesirables and all that goes with it. I prefer the outskirt locations, you get more for your hard earned money, bigger home, larger lots etc. You can have those overpriced city suburb locations, I'm out.

@1840437 6 месяцев назад

Yeah, DFW native here, anything south of 635 in the next 10 years is going to be unlivable unless your in the top old money neighborhoods. Too much crime.

@missreynolds3637 5 месяцев назад

It's moving out to the burbs too, crime that is, and growth. Years ago we moved out and away and less than ten years it started following us. We had to come back closer to where we used to live, which used to be a nice area before we had left it, and now isn't so much. We moved back to what was considered a "nicer area" but it's even coming here now too. Ya can run, but ya can't hide is the way I am seeing it. This all in the last 32 years. Every place I have lived has started out as a nice place to be and then, not soo much over time. Holding out hope.

@mrt094 4 месяца назад

For me I ended up going for a house built in the 90s. Its exactly like you said. I needed to say within 30 mins of DFW Airport and ideally 45 minutes of Dallas Lovefield for work. All the New Builds in my price range that met that standard were mostly on the Ft. Worth side or South Dallas. Definitely not living in South Dallas. And even the ones on the Ft. Worth side were not in Great Neighborhoods and/or school districts. Seems like a lot of buyers in my price range are making the same compromise.

@msingleton 6 месяцев назад

The amount of inventory that’s not being reported by the home builders is mind blowing! They can only hide this for so long.

@mikkinikki1902 6 месяцев назад

actually, with a complicit media, they can hide it forever...if you did not see the tree fall, it did not happen kinda thing.

@HipHopCantSaveMe 6 месяцев назад

It's about to crash

@jcc9925 6 месяцев назад

RE agents have always missed me off but what they do in Dallas is on a new level. Especially the ones on social media, the realtors in the Dallas area literally saying every location north of Austin is Dallas. So homes in NE Dallas, like 60 miles away, they call Dallas. Homes 20 miles west of Ft Worth they call Dallas. It's fraud. It's irresponsible. It's ludicrous and I'm sick of it.

@miltonaldridge4170 6 месяцев назад

Haha Metro of Dallas is big.

@kevinblackburn3198 6 месяцев назад

@@miltonaldridge4170it’s gone far above the Metro area

@herlegz6969 6 месяцев назад

Downtown DFW.. somewhere between Waco and Tulsa

@miltonaldridge4170 6 месяцев назад

Lol soon that won't be far from the truth.

@JCLPAA 6 месяцев назад

Similar to metro Atlanta, GA - west to Alabama, north to Tennessee, east to Augusta, and south to almost Florida, ridiculous.

@harshcoffee3004 6 месяцев назад

They're building the homes because they sell and it's never been a problem! That's just the way Dallas is man, it's been like that since I was a child, the population grows non-stop and if they stop building the prices shoot through the roof.

@KevinSmith-bj2ic 6 месяцев назад

That's crazy, I've never seen sooo many spec homes in one subdivision. I could never move into something like that.

@KAZHE63 6 месяцев назад

The northern suburbs of Celina, Prosper, Aubrey, Melissa were our dream. We’ve tried to get in and it is RIDICULOUS! Also, add in PID or MUD taxes. No way! Insanity the way CA moved in and forced prices up. No way are these structures worth $500-700K

@SIGNALFREQ 6 месяцев назад

Yep 👍🏾

@1840437 6 месяцев назад

Same boat as you, really liking Anna actually, no PID or MUD in lots of neighborhoods. Also sick of all the CA cash buyers, stop coming please, my brother in Prosper has multiple CA neighbors who sold their 2000 sq ft home in CA, then used it to pay cash for a 4000 sq ft home, a 1 for 1 pretty much.

@dcdanger6151 6 месяцев назад

I know a retired couple that moved to the western outskirts of DFW from Fontana CA. They sold thier 3bd 3 bath home for 750k, paid the same price for a 4bd 3 bath 2 story. Yes the crazy people from CA think it's a great deal, problem is houses depreciate in Texas and other areas much faster and much farther than in the greater LA area.

@degencryptivities 6 месяцев назад

Just moved to Melissa and love it. New build, No PID or MUD, 2500sf for just over 500k. Closing costs paid for, FHA, 5% for first year 6% after. Will refi to conventional later.

@miltonaldridge4170 6 месяцев назад

@@degencryptivities later like hopefully sooner than later.

@ronwinkles2601 6 месяцев назад

I remember flying over Dallas and Houston in late 1987, and there were dozens of suburban subdivisions with a hundred homes in them and only one house with the lights on in them. The Houston newspaper had 10 pages in the smallest print possible in foreclosures. The oil bust never touched the old money homes in Houston. You had to wait for someone to die to even buy one and the prices never went down.

@evegreenification 6 месяцев назад

Maybe this belabors the obvious, but it frustrates me that so many houses are sitting around empty and so many people are dying homeless.

@CaptainCaveman1170 6 месяцев назад

Blame the government. The government allows false demand signals to be sent out (interest rates, covid policies, moratoria), then bails out the institutions and the more importantly, the banks, which removes the natural free market controls (fear of bankruptcy) that are supposed keep absurd situations like this from getting this far out of hand.

@cafepablo1968 6 месяцев назад

Native of Ft Worth here: There are lot of people moving to DFW but for 50 years the home builders here have continually build first then hoped and prayed that someone, anyone, will buy the overpriced crap they built.

@Macwylee 6 месяцев назад

And yet people do. So what's the problem?

@lawrencepowell633 6 месяцев назад

I make pretty good money and still can not validate a 400k mortgage@ 7.8% apr. Sickens me to think this is where our real estate market is.

@brianmatthews4149 6 месяцев назад

Same here on moneycars paid for.but can you imagine that contract of 400.000 nut to bust for all those years.yikes!

@thethaovatoquoc312 6 месяцев назад

Excellent, honest reporting, unlike a number of other mercenary unethical agents who casually mentioned $500K-1mil homes in some of those places and said they are great deals to buy now.

@KAZHE63 6 месяцев назад

There are a bunch of DFW realtors on RU-vid who still push these houses as “bargains” . Shisters

@heidieramos1 6 месяцев назад

Thank you so much h for what you do. I’m in Fort Worth and waiting. Don’t want to go too high so less than $300-$350k is where I’m at and not too far away from the city. It’s been crazy but keep waiting. I really appreciate your trip and all the info. Be blessed.

@abbeyclock4650 6 месяцев назад

I have two theories about home construction currently. The builders borrowed as much money as they possibly could when interest rates were really low, using that money to build as many homes as they can, continuing until the money has been used up. They are building luxury homes instead of affordable homes because luxury homes are the most profitable. With high interest rates, even if rates come down some, anything but affordable homes will be out of reach for almost everybody, so the housing market will crash despite a huge shortage of affordable homes and entry level homes. A big thank you to Travis and to Michael Bordenaro for all your informative videos.

@tinasun6909 6 месяцев назад

Lennar also builds lots of ridiculous tiny homes. The price is about 200k to 300k with or without a garage. You can find them in Princeton, TX.

@toxicmasculinity6246 6 месяцев назад

All of those spec homes are financed on floating rate loans. They don’t get fixed rate loans on a build. Banks float the rate and likely in the high 8-9% ballpark.

@1840437 6 месяцев назад

Pretty sure they borrowed so much because they figured the California home buyer cash would keep flowing in.

@44bett 6 месяцев назад

Yes, thank you to both.

@SirCarlosMusicBMI 6 месяцев назад

Well Lennar may be giving huge Discounts right now… But let’s see what happens mid 2024. It’s going to be amazing when TSHF. Thank you Brother for another great video today. Blessings,Carlos ✝️🙏❤️😊🇺🇸

@florianewu7256 6 месяцев назад

Love the drone views! 👏🏻👏🏻👏🏻 They really give us the true perspective of the EXCESS inventory!

@dalp6657 6 месяцев назад

I got an 28” RV….and will be my home, after too many credit declines. Good luck house market.

@user-gu8ji7ey1t 6 месяцев назад

My wife and I were trying to build a house in Celina. Lots of incentives going on as far back as March. We were forced to bail due to poor quality (foundation, plumbing, electrical, windows, framing). Quality of new homes has struck fear in us and made us run for the hills. We are now trying to purchase a pre-owned in Sherman, but the seller still thinks it's 2021 and wants top dollar. The entire housing market in Sherman is being crushed with home prices dropping (new builds too - see Bel Air Village)) and homes sitting on the market for months. We are only in the "game" because we sold our home in McKinney in 2022 (purchased 8 years prior) and are in a rental in Anna and able to pounce quickly with all the equity we cashed out. This was planned out, but it is still hard to find a quality new home or a reasonable priced pre-owned, so we continue to wait for opportunities and keep trying. We feel something is brewing and the straw is about to break the back.

@bryanarnold8543 6 месяцев назад

So you're saying Sherman is dropping in price , existing and new construction? So far out though, and it's not a nice area really so that would make sense.

@1840437 6 месяцев назад

What builder was it? could you share a little on your exp? We are on the sidelines, eyeballing new construction, first time home buyers.

@davejohnson5029 6 месяцев назад

Hold off. Recession in April. House crash in 2024. You are sitting pretty. Stay IN CASH

@craig6363 5 месяцев назад

@@davejohnson5029 why do you think there is going to be a recession?

@miltonherron9237 6 месяцев назад

Electric bills in those large homes are over $400 month

@andrewm6786 6 месяцев назад

Just earned a sub. Very high qaulity content. We need more people doing this

@mrparts 6 месяцев назад

Those houses in Prosper are for people moving in from CA. They'll be in for a shock when the property tax bill + HOA+ home insurance comes due!!!

@kristimh 6 месяцев назад

Thanks for covering Celina. My mom lives there on the border of Prosper and all the building there is insane! We’ve looked at Mustang Lakes ourselves as one on our list if we ever decided to move back to Dallas. It’s beautiful and a little outside the busy main area.

@manilaspade1005 6 месяцев назад

We love celina !

@missreynolds3637 5 месяцев назад

I say hold out to buy to get a better deal.

@rjwije4874 6 месяцев назад

Your show is the best of the net in Real Estate

@skyfinancellc9538 6 месяцев назад

Thank you very much! This is very valuable insight that you've given us. I love the way you nailed Lennar regarding how many homes they actually have to sell vs. how many they claim they have. That's "investigative journalism!"

@MrColoradorealtor 6 месяцев назад

Fantastic info … thank you. As a resident of Denver , I love that you are taking your drones & knowledge to our area

@realestatemindset 6 месяцев назад

I dropped the Dencer video last night. Did you catch it?

@1840437 6 месяцев назад

DFW Native here, been on sidelines for a while, thanks for the video Travis. Collin county is where we are going to buy, eventually. I believe the market is in an unprecedented bubble and I hope you are right Travis in that DFW will be one of the worst crashes. Would love to see all the coastal people who moved here in the last 3 years tuck tail.

@VictorLopez-333vhl 6 месяцев назад

Wow you're drone footage is freaking awesome 😎👍

@lauratorres8360 6 месяцев назад

Thank you so much for sharing your videos with us and the information that you provide for us, and yeah is so crazy about what going on, thank you again.

@adamzimmerman1562 6 месяцев назад

Absolutely a brilliant topic and presentations articulated by you sir. Nicely done!

@taratong9074 6 месяцев назад

This is great! I live in Frisco! Now that being said… we have been here for 13 years! Same house! The prices people are paying are so not worth it for Frisco! When we moved here this was a normal middle class town!

@iryna7689 5 месяцев назад

And now you probably feel like you live in India 🤣

@davidneidich5989 6 месяцев назад

Great video. This shows proof that you are honest in your analysis.

@katiebeyondthekitchen286 6 месяцев назад

Wow, great video! You covered a lot of area in this video. We almost moved to the Dallas area last year, and we looks at all the area you covered. So glad we didn’t end up having to move there right now

@garychristison763 6 месяцев назад

Traffic wise, I would pick Crandall over Forney. Crandall is just south of Forney, both are in Kaufman County (avoid Dallas County). HWY175 is an easier commute than HWY80/I20, at least for now, especially since they eliminated dead man's curve.

@renoir8 6 месяцев назад

Travis, I trust your analysis. You are doing an amazing job for us. Thanks man, thanks so much for the hard work you do. Ain't easy but you crush it like a champ.

@davidthornton2836 6 месяцев назад

I would never live that close to other people, and then those are HOA houses, so they pay others to tell them how to live... crazy in my opinion

@twist8250 6 месяцев назад

Love the analysis and on-site report from DFW, more Dallas related video please.

@joeregina3627 6 месяцев назад

Excellent video. I like the combination of drone and on-the-ground format.

@privatecitizen4001 6 месяцев назад

These guys give you a 5k discount on a house thars overpriced by 500k 😆

@D4x4Bronc 6 месяцев назад

Forney one used to go for 160-170k

@scottharper9645 6 месяцев назад

Yes, I would wait until the bottom drops out. We retired after 30 years in Hawaii and moved to Ohio a mile from Lake Erie to a home we already owned free and clear. We dropped off all our junk and spent several years traveling the world before we settled down. Our neighborhood is 65 years old with very mature yards of 1/2 - on acre sizes connected by wooded areas of 5-15 acres. Our pool is 2 blocks away any every store you want within 3 miles away. Everything is connected by multiple highways hidden by woods that block any noise. Deer come to our yard every night with every night critter in and out. Every bird can be found around the house during the day. Since we don’t have to concern ourselves with a mortgage or finding jobs, when it turns cold in the winter, we drive down south for weeks at a time to warm up. Best of all, Amazon delivers within 2-4 hours!

@drewmorg. 6 месяцев назад

Yup the week long wait for Amazon in Hawaii was a killer. Here in So Cal I'm IRRATE when it's not here next day lol. Spoiled!

@maxpol007 6 месяцев назад

Leave long and happy life there! You earned that much.

@cynan1019 6 месяцев назад

I wish I was back in Ohio...I'm stuck dab smack in the middle of it all in Plano

@joeshmoe7768 6 месяцев назад

What??? You left Paradise?

@kellygraves8146 6 месяцев назад

No offense but why such a long post about your current paradise? Again no offense but this made me feel like garbage. I’m just looking for a decent place to live.

@Thisishard2333 6 месяцев назад

I’m in NC. No matter what price they list a house, it sells.Spec homes are sold before they break ground.

@cherylcampbell7495 6 месяцев назад

Just watched you with Michael in Florida. Great video.👏👏

@ashadysavag3658 6 месяцев назад

Im a garage door contractor in dfw and I have a lot of builders that I do business with, there is an abundance of these new construction homes but you need to consider that this is one of the fastest growing areas in the country as well as other than Vegas and Phoenix this economy is as strong as they get with many of the biggest companies in the country relocating here.

@opensky1710 6 месяцев назад

Great video! I live in Frisco and looking for homes but their prices are insane.

@goodyangie1 4 месяца назад

I agree! I live in Plano and I couldn't even dream about buying here.

@anthonybaroni3285 6 месяцев назад

Great job, Travis!

@Michael-jp3qe 6 месяцев назад

Great information. Great approach.

@annieaviles4760 6 месяцев назад

Subscribed to your channel after seeing how genuine you are on Michael Bordenaros channel. God bless you.

@HumphreyU 6 месяцев назад

Celina, TX will likely remain stable. All the Dallas area growth is moving north. Good schools, and big business is coming (new Target just opened, and Costco just purchased land). The toll authority is currently extending the Dallas North Tollway through Celina. It’s planned to be larger than Frisco once fully built out. Forney is affordable, but not easily accessible. They don’t even have a Target. Schools are meh. DOT really needs to expand the highway out there to accommodate the current and future growth. Fort Worth is a hidden gem. The area’s infrastructure is developed, relatively affordable new construction, and not as congested as Dallas. The builder incentives in Fort Worth are very strong since there’s so much builder competition.

@matteosummer79 6 месяцев назад

I love Haslet and its surrounding areas. While Haslet itself is rural, within 10-20 minutes is Alliance, Presidio, and a whole other slew of commercial properties. They're even building a Kroger and HEB nearby. So much nicer than Dallas, but with easy access to Dallas.

@rfink222 6 месяцев назад

Forney gets plenty of rain though.

@maryclebeau 6 месяцев назад

Wonderful work 😊 thank you so much!

@bryanfreeland 6 месяцев назад

Got to love it when the bragging rights to a place are the Target and Costco they’re putting in.

@44bett 6 месяцев назад

Frisco, TX or Frisco, CA.

@GhostZodick 6 месяцев назад

Amazing video. You put a lot of effort for the content!

@FlyEagleFly07 6 месяцев назад

Awesome video thank you for sharing

@yoloforeva 6 месяцев назад

Thank you. DFW Employment is strong and rents are high (very high). Interest rates have peaked I don't see market crash. what do you know that I don't? Absolute BONKERS Bro !!!

@sellyourgeorgiahome 6 месяцев назад

A market crash will be fueled by foreclosures. He even admitted there are like 15?! He doesn't mention that over 65% of all homeowners have 50%+ equity in their homes. Or that over 35% do not have a mortgage at all. But that doesn't get people to watch videos.

@cherylcampbell7495 6 месяцев назад

What are they building around all those homes. Can’t see all the buyers being retired millionaires. Will be interesting to see what happens in the near future please.

@jeffreyblaise3198 6 месяцев назад

This is an awesome video. Love the drone

@jimair4955 6 месяцев назад

Absolutely zero land, zero yard, and you can touch your neighboring house out of your side window, oh yeah

@svenweihusen57 6 месяцев назад

Wow, as a European I always imagined that US suburbs had big backyards. These houses cover more area than European homes but the backyards are equally tiny.

@unclestinky6388 6 месяцев назад

Some US suburbs have a big yard. It was striking how close they built these homes in this video

@Mike_Phoutrides1611 6 месяцев назад

Very telling thank you for this!

@rodramos642 6 месяцев назад

Great video! Lots of good information!

@justinm9308 6 месяцев назад

Can you look at the Haslet, TX area as well? Our realtor told us it’s going to be a busy spring in 2024. I looked at her and laughed. It’s important to do your own research and not to run with what a realtor says. I truly believe the bubble will collapse very soon. It’s been a lot of homes just sitting on the market.

@WordMadeFlesh777 6 месяцев назад

The demand was insane a couple years ago…now they have caught up a bit so yea…the discounts are coming for certain areas

@CaptainCaveman1170 6 месяцев назад

There were MANY demand signals sent out by the "covid economy" that were not nearly as real as the homebuilders counted on. People just don't understand the collosal amount of "coastal equity" that was liberated all at once due to the sudden pandemic migrations. Normally, coastal equity is lying dormant, effectively trapped inside the walls of "Aunt Gertrude's "house, where it is barely affecting the economy, but Covid changed all of that (temporarily).

@beprecise 6 месяцев назад

Thank you for this video!

@foodie_vibes 6 месяцев назад

Texas is overcrowded because people are moving from California and New York. The homes here are larger for less than what they pay. This is why so much construction going on. This goes for apartments also with high prices. It's overcrowded with newcomers here in DFW.

@fuckyou11213 6 месяцев назад

I would love to scoop up a bargain but the property taxes in Texas are way too high!!🤔🤔🤔

@rubyparchment5523 22 дня назад

Even for Senior Citizens? In Virginia, I get “Tax Relief,” pay Zero! During my 50s, I lived with an ancient Aunt (house in her name only) - Zero property tax, Woo Hoo!

@vickimerritt2832 17 дней назад

All new builds are HOAs, very expensive fees. HOA will take your home faster than a bank.

@housingwiz 6 месяцев назад

When the Federal Reserve (not Federal, not a Reserve) can create money out of thin air, and banks can do the same, a lot of money is NOT being spent to build these houses. This is all a result of fiat money (not money, not even printed currency). DFW is headed for a repeat of the disaster of 1980. This is NOT the right time to buy. 90% chance that deals in real estate will be obscene in the next year or two. This would never happen if we had sound money: Gold and Silver...Great job, Travis.

@lassyunderwood5987 6 месяцев назад

Love it! Thank you.

@chp6489 6 месяцев назад

Man, awesome video Travis! You are working your tail off on this one! Crazy what you are showing us in all these sub-divisions! Great job Travis, keep-em coming! 👍👍👍👍👍

@vacho8182 6 месяцев назад

A lot of the homes have cars parked outside. I don’t see this as being a lot of vacancy. It’s a developing area half of the homes are still in construction. Of course they’re not all going to be occupied.

@vacho8182 6 месяцев назад

Love how the drone is steering away from the homes that are occupies, bunch of occupied ones with cars parked outside. It’s a developing area, this is exactly how a developing area should look like. There are no red flags about this.

@vickimerritt2832 17 дней назад

Those cars are not the bought or buyers but construction workers, crew and such at many of the homes an owner would park in the driveway.

@Saytheodd 6 месяцев назад

I think you should do a live interview with a construction worker to find out why

@msummers5625 6 месяцев назад

Dude, great content!

@D4x4Bronc 6 месяцев назад

When builders start not finishing homes they are pulling back to weather the storm so they don't have to pay the new home property tax trick.

@jamesbell739 6 месяцев назад

I love how he fogets to mention the oppressive HOAs you have to sign on to, in order to move into those new subdivisions. They are cheap because people are tired of being forced into that crap deal. You are literally paying people to fine you for living in your own house.

@marcelofe50 6 месяцев назад

The HOAs is to make sure you do not own the house

@ericyuan9718 6 месяцев назад

Just wondering, how long can these developers afford to hold these empty homes?

@RockwellAIM65 6 месяцев назад

Depends on how many times the dev has been running their rodeo! The new guys have a tough time the old guys tend to have their own cash to play with (and larger subdivisions).

@dinahcharles6030 6 месяцев назад

They probably got free money from the government or some kind of deal for building all those homes.

@davidhaines238 6 месяцев назад

You are asking the wrong question. The question you should be asking is how long can the banks can keep them on their balance sheets ? Prior to Covid and high interest rates, it was a big game. The developers were rolling over their loans every quarter. They would take a loan, then develope the land / area to a degree. Then the land, homes, and area would be worth more money. Hence a larger loan 3 months later. This would continue until the houses and land eventually would sell off to individuals. Until then, it was develope, develope, develope and take ever larger loans each quarter. The larger loans would finance and pay the previous loans. Problem is, the land and houses MUST get sold off as quickly as possible. A bit of a dangerous game for both the developers and the banks. Win big.... or Loose big.

@HipHopCantSaveMe 6 месяцев назад

@@davidhaines238Yep, now with high interest rates they can't do this

@kamellrassas7071 6 месяцев назад

Investors are buying bulk

@rashaddancer 6 месяцев назад

The drone view is cool 👍

@varunsinha2006 4 месяца назад

DUDE , u are awesome ! Thanks a ton man ❤

@sciencelabvideosl7558 6 месяцев назад

Thank you for the drone footage. It says a lot for the person who doesn’t live inDallas but is considering it. I am a Texan who would rather move elsewhere in Texas.I don’t want to move to Dallas, but family lives there and there must be a lot of job opportunities so Dallas it is. I also live right next to an AIRBNB and if Dallas had enough sense to get regulate them and limit the permits available that is also an excellent reason to move to Dallas. The AirBNB next door has made the neighbors ‘ and my life hell.

@infopimp 6 месяцев назад

Dallas county has banned AirBNbs

@jongonegone1262 6 месяцев назад

as JR EWING would say, im working on something big !!! this is dallas.

@lserranov 6 месяцев назад

This video is super good.

@dinahgranafei2381 5 месяцев назад

THANK YOU! It is good to be armed with the truth when sales agents tell you to "buy now, prices are only going up." BTW another huge construction zone is in northern Colorado, east of the 25 between Boulder and Fort Collins.

@davidmack4495 6 месяцев назад

when I do buy, it would be cool to buy in TX..I was in Austin area looking, but the high property taxes are ridiculous.. it's 3-4x more expensive than other states with new builds( TN and NV)

@privatecitizen4001 6 месяцев назад

And the democrats here keep voting for more increases. The California transplants ruined this city.

@kristimh 6 месяцев назад

Agree! I’m in west Austin by the lake. Love it here, but property taxes are ridiculous and prices still over valued.

@telcobilly 6 месяцев назад

Totally agree. I moved from Bartlett TN to Round Rock TX. In 1997 and I couldn't believe the differences in taxes. The $130k house we bought new them is in the 400s now...

@MA-id1hr 6 месяцев назад

Little detail... here in North Texas... they build when the house is purchased. All those houses are sold. If not, they don't build. Please correct that. Or.... better yet... don't mention it so that people from California don't come here. 😂

@ottertubetv9356 6 месяцев назад

Please cover the key factors in your Frisco video: school and traffic. Oh, also impact of apartment development mixed into the subdiv

@vanceedan6970 6 месяцев назад

Great vid!

@aliciahernandez6203 6 месяцев назад

million dollar house with a townhome yard

@CraftEccentricity 6 месяцев назад

Why on earth would anyone spend that money on a trashy, cookie cutter home? They are soulless boxes! Rural is the way to go

@mariusbuciuman307 6 месяцев назад

Great job Travis

@giovannihernandez4794 6 месяцев назад

Great content

@moonshinefuel 6 месяцев назад

I am not sure I'd want to buy one of these new homes, I'd be concerned it might collapse or fall down.

@miltonaldridge4170 6 месяцев назад

Lol what 🤣 you should talk to someone about that

@brianmatthews4149 6 месяцев назад

Hurricane

@TravisPluss 6 месяцев назад

The creator of channel “NotJustBikes” would be disgusted by so much suburbia. That includes me.

@mendeltomas 6 месяцев назад

This is enlightening.......and, perhaps, a little scary. Thanks for making this video!

@industrialexitstrategist2022 5 месяцев назад

Well done!

@g0at3 6 месяцев назад

We just bought a new home that was price reduced 250k since the start of the year. They gave us 10% back (5% in upgrades and 5% used to buy down rate) we got a rate just under 2.9% starting out . And they are covering closing costs . Still dunno if we got a good deal but yime will tell. We close on friday so they really wanna get this off their books before january.

@nikhilesh009 6 месяцев назад

Can you please let me know the area? Thank you

@treydavis1723 6 месяцев назад

@g0at3 where at?

@John316ch 6 месяцев назад

Good information Travis; I am searching for a house in north Dallas but prices are still not affordable. Your data and information do help me. Thank you.

@rfink222 6 месяцев назад

I don't think the prices on these houses will come down much. I think it would be better to buy asap. IMHO. My contractor once told me "houses aren't going to get any cheaper so build or buy now". "There is never a right time to do anything".