New Home FIRE SALE In Dallas Texas | This Is CRAZY

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

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.

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.

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

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

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.

The Texas housing bubble is beyond shocking.

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.

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.

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

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.

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

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.

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.

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.

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

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

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.

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.

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