Quote:
Originally Posted by badrunner
$685 property tax and $667 HOA
I'd rather get a Dallas McMansion.
Or, for $2700/month total you can rent a decent place in NYC or LA.
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I'm just showing the concept. Even with HOA, its still a bargain. I'd rather buy than rent. Still, a Dallas McMansion is still cheaper than one in NJ or one closer to NYC in Bergen or Connecticut or Long Island.
But there isn't some sort of mystical or voodoo charm as to why some folks are leaving the expensive coasts. Bang for the buck means a lot for folks and if you can land a good job making similar or better than in an expensive state, seems like a good proposition.
Single folks without families can budge in many expensive metros, but you tack on a few kids, a wife, and all the bs that comes with a family, and it gets quite expensive. Day care costs, groceries, private school (because if you live in a dumb neighborhood, those tend to not have the best schools).
Quote:
Originally Posted by LA21st
Exactly lol.
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Renting is like giving that homeless guy in San Francisco your hard earned money. You will never, ever get it back. And than, you'll get a nice raise in your rent by the end of the year as a prize for your compassion.
Makes sense when one is young, but with families, if you want to build a decent net worth, buying is the way to go (for the common folks).
Quote:
Originally Posted by Crawford
If you see no difference between this lifeless suburban streetscape and Brooklyn, yeah, it's a "great deal". Otherwise, no. I can already move to Paramus if I want such an environment.
And if I'm moving to Dallas I want a house. An apartment absent urbanity is pointless unless you're transient and can't afford a house.
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We must not forget the idea of order of magnitudes. We are talking about how DFW area attracting 2 million people by 2030. Its not just a select club that can afford those high priced neighborhoods.
When we are talking the common folks, we have to set the standard to show reality. A tree lined street in DoBro or DUMBO or Carroll Gardens is not reality for most folks.