Housing market crash example

[Abhagyudu]

Dallas lo not going down..don't see many price drops in good areas..

[Sucker]

10 minutes ago, perugu_vada said:

Definite ga 30% reduce avali 

with ~3% property tax, house prices of 700-800k ante it’s not a comedy .. own home ki rent kattinatlu autundi prices thaggakapothe

Planning for second home ne kada anna 

[perugu_vada]

1 minute ago, Sucker said:

Planning for second home ne kada anna 

 

[KadapaKingg]

Bay area Austin Lanti over priced areas lo recent home buyers ki konchem gattigane untadi correction.. Be prepared to lose around 10 to 20% of your home value..

[Naaperushiva]

14 minutes ago, KadapaKingg said:

Bay area Austin Lanti over priced areas lo recent home buyers ki konchem gattigane untadi correction.. Be prepared to lose around 10 to 20% of your home value..

thaggataaniki konchem time paduthundhi ga baa...elaagu they'll save te same amt in terms of rent knoww ????

[perugu_vada]

1 minute ago, Naaperushiva said:

thaggataaniki konchem time paduthundhi ga baa...elaagu they'll save te same amt in terms of rent knoww ????

They will end up paying towards interest and don’t forget the high property tax in austin area which is ~3% 

buy home to save rent anna concept is not applicable any more

[Naaperushiva]

52 minutes ago, perugu_vada said:

They will end up paying towards interest and don’t forget the high property tax in austin area which is ~3% 

buy home to save rent anna concept is not applicable any more

makes sense baa

[Android_Halwa]

2 hours ago, perugu_vada said:

Definite ga 30% reduce avali 

with ~3% property tax, house prices of 700-800k ante it’s not a comedy .. own home ki rent kattinatlu autundi prices thaggakapothe

But property tax is based on the county assessment kada…not on the sale price ? I’m not aware of how things work in Texas…700-800k home aina assessment value may be oka 60% vundochemo

[perugu_vada]

2 minutes ago, Android_Halwa said:

But property tax is based on the county assessment kada…not on the sale price ? I’m not aware of how things work in Texas…700-800k home aina assessment value may be oka 60% vundochemo

if u buy a house for 700k .. u have to pay property tax on 700k .. if ur neighbour who bought same house for 400k 2 yrs back .. then homestead ki apply chesthe.. year-over-year 10% increase .. ante 480k ki he will pay property tax 

[Android_Halwa]

10 minutes ago, perugu_vada said:

if u buy a house for 700k .. u have to pay property tax on 700k .. if ur neighbour who bought same house for 400k 2 yrs back .. then homestead ki apply chesthe.. year-over-year 10% increase .. ante 480k ki he will pay property tax 

Avuna ? Ante 600-800k petti konna batch antha pedda konderri gallu avadam khayam….

I was under the impression that sale price is different from assessment…

~2.5-3% tax ante plus prevailing interest rates…Chemma chekka adukovalsinde

[Guest]

4 hours ago, Vaampire said:

Home

 

initial listing price 2.6m.  Final closing 1.85

Chustunte 2023 neeku nachina price tho konukkuni inti owner ayyettunnav..

[perugu_vada]

18 minutes ago, Android_Halwa said:

Avuna ? Ante 600-800k petti konna batch antha pedda konderri gallu avadam khayam….

I was under the impression that sale price is different from assessment…

~2.5-3% tax ante plus prevailing interest rates…Chemma chekka adukovalsinde

Recession kani osthe chembu chataak autundi . No doubt andhulo .. multiple jobs aney hope lo konesaru chala mandhi 

[Sucker]

1 minute ago, perugu_vada said:

Recession kani osthe chembu chataak autundi . No doubt andhulo .. multiple jobs aney hope lo konesaru chala mandhi 

Husband and wife idharu 2 jobs ante total 4 paychecks. andula oka paycheck anni expenses ki poyina remaining 3 paychecks ante monthly 25K after taxes. 1 year 300K kodtham antunna @Android_Halwa

[areyentiraidhi]

It's based on assessed property value of both the land and house. This amount is not what you paid for the land and home but the amount at which the tax assessor has valued them

44 minutes ago, perugu_vada said:

if u buy a house for 700k .. u have to pay property tax on 700k .. if ur neighbour who bought same house for 400k 2 yrs back .. then homestead ki apply chesthe.. year-over-year 10% increase .. ante 480k ki he will pay property tax 

 

[Android_Halwa]

12 minutes ago, perugu_vada said:

Recession kani osthe chembu chataak autundi . No doubt andhulo .. multiple jobs aney hope lo konesaru chala mandhi 

Multiple jobs is soon gonna be a thing of the past. They can’t sell these properties neither rental equation match the market rates. Kind of struck…