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In 2007 I paid $198 thousand dollars for my 2500 sq home. Now my house is appraised at $850 thousand. It's crazy. So many people tell me to sell it, but where would I go? If I buy another home it's going to be more plus the property taxes also if I buy a similar sized home. It used to be affordable. Not anymore.
You’re not the only one dealing with this. The Lock-in Affect is real right now, it’s also the main reason home prices continue to rise, while sales have declined.
@everss02 it’s an option, but not cheap. Those who are wondering here is an article discussing general costs to add spray foam. www.angi.com/articles/spray-foam-insulation-cost.htm
This video hits so many essential points I wish it were available before I moved. It’s different when you move somewhere blind and learn all this painfully vs come prepared with what to expect and plan appropriately. This is a great guide on moving to Dallas
My electric bill in summer highest last year was 270 dollars considering my wife washes many times during the week is not bad , my temperature is always set to 73 in summer , my wife makes food 5 or 6 days out of 7 days so yeah ofc as she mentioned having a Tesla your electric bill will stack up. We don't have a pool, and our home is 2500 Sq ft. HOA I pay 300 for 6 months includes a large pool and gym . Tool tags depending where you live you might need mainly ppl that work in construction workers needed it ofc other jobs might require. I live in Dallas and haven't use I tool tag in years , air port yes you do pay as she mentioned but I also don't go to the air port every week 🙃. With Taxes , I lived in South Carolina before so use this as a reference , I had to pay State Taxes and property taxes on vehicles and our home as well , so living in SC with my wife we paid 11k in State Taxes, plus 2 vehicles 1.5k in property taxes and the house was 2k in property taxes , in total 14.5k. When doing taxes at the end of the year you would think well i will get some money back payig all this state taxes , well my wife and I with those 11k that we paid only received 5k but including federal and state taxes the government pays that separately 2k in federal and 3k in state taxes claiming 3 kids vs here in Texas we dont pay State Taxes and still receive 3.4k from federal taxes. Living here in Texas with my wife and kids a brand new home 8.5k in property taxas , no state taxes and no property taxas on vehicles, however we do pay registration and inspection for our 2 vehicles that's about 180 dollars for 2 vehicles. Doing the math SC with state taxes vs no state taxas in Texas my wife and I still keep a little over 4k from taxes at the end of the year. Not to mention that the house we had in SC was only 1500sq ft imagine my property taxes on a 2500 probably 3.5k instead of 2k that I was paying 🤦🏽♂️
Lived all over due husband in military. Lots of shock for me here in DFW Texas. My husband was born here. 😅 A home in a (low end of) decent area, IF you can find one, will cost 450k+ 😅Real-estate taxes are incredibly high. $1200 a month for 700k home type high. 😅 24-7 traffic. You get used to staying within 5 miles of your home. 😅 Utilities are highest we’ve experienced (and I’m from California). Easily 700-900 a month for AC during summer months. 😅 Wages are lowest we’ve seen across the board. 😅 Insurance, all kinds, is very expensive. 😅 No public transit unless you live in Dallas. Don’t expect it elsewhere. 😅 Social services/welfare is most limited I’ve seen (I’m a social worker). Texas really is a lovely state but you need to come here with money and excellent future financial prospects.
What I hate about life in DFW is how I must continue to pay more and more for taxes and insurance, just because my house goes up in value. Why should that me my fault? In 2009 I paid $132K for my 1866 sq ft house what is now worth about $370K and I'm only on social security. I may be forced out of my own, paid-off house, because I can't afford the taxes and homeowners insurance to live here anymore. My annual insurance started off at $900 a year and is now $3100. Property taxes have been the same way
I think about that often. How someone on fixed income could continue to live here. There are 65+ exemptions available, which does give additional breaks on property taxes. I do not think Texas is alone in this issue however. It’s definitely a tough situation for many that have to choose to keep their home they have owned for so long, or sell and either relocate to a state that is not as expensive or accommodations in Texas that are less than owning a home. Not sure there is going to be an answer any time soon. There is a shortfall of housing for younger families who are just starting their home ownership journey that need homes in these neighborhoods. Wish I had an answer that would help.
Great video on Dallas❤Everything you have explained I have experienced living here. I’ll be in the market for a home in a year or two. I hope you are still here in Dallas. Just need to get control of my student loans. 🎉🎉🎉
Thanks for watching and the feedback. Would love to be able help you when you make the move the Dallas area. Feel free to check out our website too. SocialAgentGroup.com for lot is info as well.
@@livingindfw bless you for replying, we will be moving from U.k to Dallas soon and was just interested that all. Thanks for your vids, me and my partner appreciate them
@leetowers5668 it’s just my personal one on instagram. Here is our website that has all my socials at the top. Will help with research on moving to Dallas as well. Reach out any time when you ready to make the move over the pond. www.socialagentgroup.com/
Not that I have heard, the tollways are run by non profit companies who collected the tolls to maintain them and pay for the bonds that were issued to pay for the projects. So in all likelihood will only go up as cost of living goes up is my guess.
On this video you talked about the PID and MUD water Tax and said PID is tax detectable. I live in PID community, and it is not Tax detectable at all since I have been paying it for the last nine years. Correct me if I was wrong, please?
Of course there are no guarantees in life, but current unemployment numbers were showing 3.3% which is historically low. So really depends on what you do for a living and how motivated you are. ycharts.com/indicators/dallasfort_worth_tx_unemployment_rate_csa#:~:text=Dallas%2DFort%20Worth%2C%20TX%20Unemployment%20Rate%20is%20at%203.30%25,long%20term%20average%20of%205.17%25.
Well, that’s definitely the easy way to go 😉. Reminds me of Arizona. The good thing about the DFW metro is that it gets decent rain annually, so you can have grass, plants and trees. The summer at times can be very dry and hot. So may require more watering. This spring we have more water that we know what to do with. Seems like 2 to 3 inches every couple of days.
Gravel will likely make your home feel hotter, especially if you opt for darker colors. There are many very hardy native plants that will likely do fine in your landscaping. Local garden centers will help you pick those. Grass will go dormant but that is fine. It will come back. Just don’t move into a neighborhood with a stringent HOA. Some of them have a tendency to expect homeowners to perform landscaping miracles in the summer.
@@livingindfw Extremely expensive. The influx of people from very expensive states such as California, Seattle, Chicago, New York have driven housing costs beyond what the local economy can support. Our sales tax is the highest in the country
Thanks for watching and reaching out. Sure thing, here are a few resources for you to check into. As property taxes are assessed by the county the home is in you would also need to review that as well. comptroller.texas.gov/taxes/property-tax/exemptions/disabledvet-100-faq.php We live in Denton County, so here is how Denton County www.dentoncad.com/disabled-veterans/
Work is what brought us to Dallas initially. My husband took a position here in the logistics industry. We also loved the strong family environment and culture here in the area. There is so much to do, for as much as people knock on the schools, most of the schools we have been a part of have been excellent. Not to mention the economy here is awesome, you can find a job in most industries out here. I had 2 clients now relocate to Dallas for a job, and end of leaving that job for a better one within a year. So many opportunities.
We have not had one in years, it’s usually caused by downed trees and limbs onto power lines from storms and ice buildup up. Most newer communities power lines are below ground, thus not affected by that. Still have an occasional construction project digging in the wrong place though. So to your original question, not very often. If anything it would be when temps are very high in the summer and usage for air conditioning is extremely high, but even then has not happened very often.
As far as other storms like tornadoes and severe thunderstorms, power usually gets restored within a day or two. It really depends on your location and the number of people in your area also with power out. Your electric co-op or ONCOR will have an online map for you to track it.
I don’t know where my other post went but there are some issues with ERCOT. The big winter storm a few years caused a lot of blackouts because the grid came extremely close to crashing. Sadly, many people died. ERCOT says they have it more under control, but I’m not sure. During extreme temperatures people are urged to conserve power and avoid big appliances during peak use hours.
I have lived all around DFW and the libraries are very nice. Many have cooperative agreements that give you access to other libraries in the area as well. You can also get a TexShare card that gives you access to almost any library in Texas. Even if you move to a small town with a very small library you may be able to access what you want if they participate in TexShare. Plus, the neighboring towns may not mind you joining their library. We join the library in the next town over for $50 a year because ours is too small for a library. We have more than enough resources that way.
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