I used a random 300k home using redfins mortgage calculator and it seems to conflict with your math. Example this 300k home located at 2702 Burlington Blvd, Dallas, TX 75211 would be $2,623 per month after taxes, home insurance, mortgage insurance, and a 10% down payment. At 7% interest it doesnt seem that I can afford a 300K home despite a yearly salary of 125K using the 30% rule...thats crazy
Hi there! We have multiple videos on McKinney and Princeton. Just browse through our previous videos-I hope you'll find some useful bits! Also, feel free to text or call me at 214-441-6684 if you think we can help narrow down your search!
I'm sorry, but you can't afford anything on 50K salary in Dallas or in Collin County. The bare minimum is 80k. People moving to Texas, think twice before moving here. 10 years ago it was good, now it's too late. 💯
Aren't the high property taxes (2-4%) missing from your calculations? On a 600k home, that's ANOTHER $1500 PER MONTH Then you're paying insurance on top of that. Ouch
The Dallas metroplex is becoming an obscene example of suburban sprawl. Why is it so concentrated to the north, and is gentrification also at play in its older and poorer neighborhoods?
We moved to Princeton from Washington state 1.5 years ago and i think it has two big things in the works that will cause homes to go up in value more than the other cities mentioned. They're starting construction on a the Sicily 13:24 Lagoon with an artificial beach which will attract some higher end homes to be built. Secondly, the 380 bypass being built over the next decade. The primarily issue with Princeton today is access back to the metroplex during rush hour.
I am looking at Princeton too. Considering buying and moving there from the West Coast. Are the low cost master planned communities he mentioned good? How isolated do you feel?
@@Msnanamac Tillage Farms and Bridgewater are next to each other and out on a peninsula into lake Lavon. I think they're actually closer to Lucas than Princeton but are in Princeton ISD. I expect overtime Princeton city limits will be extended out that way. The lots in Tillage Farms are pretty small and more in line with a West Coast development than what historically has been built here but the more dense communities are becoming more common. Bridgewater is massive and has different levels of homes depending on you're price range. We looked at Bridgewater when we moved but they didn't have anything available in the timeframe we needed. Princeton itself has exploded in the past few year going from 17,534 in the 2020 census to 28,480 for the current estimate. They've been opening 1 to 2 schools a year and so far the community has been vary supportive of bonds to continue to open schools. With the rapid expansion of the city traffic is a pain but nowhere near as bad as what I experienced commuting into Portland from Vancouver and there are several plans in the works to widen roads and put a freeway in. The freeway probably won't open until sometime in the early 2030s. Overall I enjoy living in Princeton and would recommend it but I wouldn't limit yourself to only looking at new construction. Our home was a few years old when we bought and the development was fully built out so we didn't have to deal with construction noise.
I personally haven't received specific investment reports or insights for Little Elm, but the general trend and indicators for that area of Texas are positive. It's true that quarterly reports often show some downward trends in every town, but 'collapse' might be too strong a word to describe it-unless you have deeper insights that aren't widely available. Could you expound on your comment?
This is insane. Who in their right mind would put only 10% down when buying a home and overbuy beyond their salary? This is the debt machine that is pushed in America.
There are situations where 10% makes sense. However, 10% was just an example since people typically put down between 0-20%. It was a happy medium. There are several different strategies to apply to buying a home and there is no blanket solution. We talk through everyone’s individual situation to make sure they are in the best position to make a decision. Our mortgage broker is also a financial advisor so his goal is to also leave people with a plan of getting out of debt and paying off their home as soon as possible without over extending themselves. Thank you for watching the channel!
Interest rates are lower for the first two (2) years, decreasing by 2% in the 1st year and 1% in the 2nd year, returning to regular rates in the 3rd year... On the lookout?
🤔Thinking of Moving to Dallas Texas?🤠
📱 Call or Text: 214-441-6684
📨 Email: info@LivingInDallasTX.com
📅 Zoom: bit.ly/LivingInDallasCall
you should talk about a denton home sometime
I used a random 300k home using redfins mortgage calculator and it seems to conflict with your math. Example this 300k home located at 2702 Burlington Blvd, Dallas, TX 75211 would be $2,623 per month after taxes, home insurance, mortgage insurance, and a 10% down payment. At 7% interest it doesnt seem that I can afford a 300K home despite a yearly salary of 125K using the 30% rule...thats crazy
Give us a call and we can work the math together. There is a lot more to it than this video or an online calculator.
We’re looking at McKinney and/or Princeton in about a year. Hoping to still find some decent deals there
Hi there! We have multiple videos on McKinney and Princeton. Just browse through our previous videos-I hope you'll find some useful bits! Also, feel free to text or call me at 214-441-6684 if you think we can help narrow down your search!
I'm sorry, but you can't afford anything on 50K salary in Dallas or in Collin County. The bare minimum is 80k. People moving to Texas, think twice before moving here. 10 years ago it was good, now it's too late. 💯
Thanks for sharing...
Aren't the high property taxes (2-4%) missing from your calculations?
On a 600k home, that's ANOTHER $1500 PER MONTH
Then you're paying insurance on top of that.
Ouch
Thank you for tuning in!
It’s worse floridas problems are here!
Don’t become a debt slave! 😊
The Dallas metroplex is becoming an obscene example of suburban sprawl. Why is it so concentrated to the north, and is gentrification also at play in its older and poorer neighborhoods?
It's subtle, but it's still influenced by historical development patterns, moving from north to south.
In payment include the tax and fire insurance to?and how is the taxe 2%,3%?thank you
@@LIVINGINDALLAS subtle lol!
@@LIVINGINDALLASit’s all ruined by i20 & I30 & civil rights movement!
Bad options everywhere!
I’m guessing you don’t consider homes south of Dallas. They are way more affordable
I do. It's just that there is still a lot for me to cover around the north.
We moved to Princeton from Washington state 1.5 years ago and i think it has two big things in the works that will cause homes to go up in value more than the other cities mentioned. They're starting construction on a the Sicily 13:24 Lagoon with an artificial beach which will attract some higher end homes to be built. Secondly, the 380 bypass being built over the next decade. The primarily issue with Princeton today is access back to the metroplex during rush hour.
I am looking at Princeton too. Considering buying and moving there from the West Coast. Are the low cost master planned communities he mentioned good? How isolated do you feel?
@@Msnanamac Tillage Farms and Bridgewater are next to each other and out on a peninsula into lake Lavon. I think they're actually closer to Lucas than Princeton but are in Princeton ISD. I expect overtime Princeton city limits will be extended out that way. The lots in Tillage Farms are pretty small and more in line with a West Coast development than what historically has been built here but the more dense communities are becoming more common. Bridgewater is massive and has different levels of homes depending on you're price range. We looked at Bridgewater when we moved but they didn't have anything available in the timeframe we needed. Princeton itself has exploded in the past few year going from 17,534 in the 2020 census to 28,480 for the current estimate. They've been opening 1 to 2 schools a year and so far the community has been vary supportive of bonds to continue to open schools. With the rapid expansion of the city traffic is a pain but nowhere near as bad as what I experienced commuting into Portland from Vancouver and there are several plans in the works to widen roads and put a freeway in. The freeway probably won't open until sometime in the early 2030s. Overall I enjoy living in Princeton and would recommend it but I wouldn't limit yourself to only looking at new construction. Our home was a few years old when we bought and the development was fully built out so we didn't have to deal with construction noise.
Thank you, Anthony. That was super helpful and detailed! Enjoy your weekend and your "new" home 😊
Thanks for the insight!
I bought home in whitewing trails, princeton. Nearby walmart, starbucks, chiptole and a few in progress. Major purchase u need to go mckinney 8 miles
PM me we are moving in 8 months 🎉
Hi there! sure! please shoot me a text or call 214-441-6684
Overpriced. 💩 weather sucks . High property taxes. Nah.
Each to their own taste... 😊 Thank you for tuning in!
We live in Anna and honestly can’t wait to move. It’s just so far from almost places.
Hi! Which areas have you set your eyes on now
I think still prices are high seems not going to down :(
You're looking at what price range? where do you live now?
Does little elm not get covered?
Or is the economic collapse too deep?
I personally haven't received specific investment reports or insights for Little Elm, but the general trend and indicators for that area of Texas are positive. It's true that quarterly reports often show some downward trends in every town, but 'collapse' might be too strong a word to describe it-unless you have deeper insights that aren't widely available. Could you expound on your comment?
i can afford a 50,000 dollar home lol
Hi there, Where do you live now?
I have a few questions about preconstruction houses
Contemplating a move? Where do you currently live?
Can afford of $100K house . Do you have ? 😊
Shoot us a text or call at 214-441-6684
This is insane. Who in their right mind would put only 10% down when buying a home and overbuy beyond their salary? This is the debt machine that is pushed in America.
There are situations where 10% makes sense. However, 10% was just an example since people typically put down between 0-20%. It was a happy medium. There are several different strategies to apply to buying a home and there is no blanket solution. We talk through everyone’s individual situation to make sure they are in the best position to make a decision. Our mortgage broker is also a financial advisor so his goal is to also leave people with a plan of getting out of debt and paying off their home as soon as possible without over extending themselves. Thank you for watching the channel!
Welcome to the new America, where the average home cost is 8X the average salary.
I'm interested in preconstruction houses for flipping can I ask you a few questions about?
@@Ronopoly-s6h Pardon the late reply make sure to Call or Text: 214-441-6684
What does 2:1 buy down mean ?
Interest rates are lower for the first two (2) years, decreasing by 2% in the 1st year and 1% in the 2nd year, returning to regular rates in the 3rd year... On the lookout?
Yikes...seams like moving to Texas is way way more than i thought 😢. Thank u for the vid.
Contemplating a move to Texas? Where are you coming from?
@@LIVINGINDALLAS Honolulu
Aloha! You're literally in paradise! So yeah, convincing you to move to Texas would be a lot more difficult! Ahaha, cheers!
How about Prosper TX ?
Did you watch until the end?
I bought a flight to Dallas to look at some properties at the end of this month. I hope there are a lot of options to see
Awesome! shoot me a text or call at 214-441-6684 if you ever need help.
Have rental fsbo ‘coming soon’ in Garland
wow@@scotteickman3305