How many in here own their own home?

[ChumpDumper]

Californians moving to Austin are getting raped.

They're running up the prices because a lot of them can bid cash from the sale of their California houses. The Texans are getting raped more because of the compe ion. I'm glad we got a bigger place a couple years back kind of between price surges. A comp sold in the spring for 50% over what we paid and now Zillow is showing them all around 70% higher FWIW.

[Spurtacular]

Derp getting a double wide trailer.

[johnsmith]

They're running up the prices because a lot of them can bid cash from the sale of their California houses. The Texans are getting raped more because of the compe ion. I'm glad we got a bigger place a couple years back kind of between price surges. A comp sold in the spring for 50% over what we paid and now Zillow is showing them all around 70% higher FWIW.

This! We started looking for a new place about a month ago and then decided, that, let’s wait this current surge out.

[Frenchfred]

My wife and I might be looking at moving back to the States. She's from California, so I thought that we'd looking there (not SF even thought it'd be my first choice) in southern California. Looking at prices, we'd have to live pretty far inland. So, why not Texas since my company has an office in Houston, and I looked at prices, this is insane when you add the property taxes and insurance, you are essentially at 4-5k$/month for 30 years. That's already a good salary net after taxes. I could probably get 150 k$ from my company moving there so that means that more than half my salary would go into the house and I'm already in my late 40s so I could not take a 30-year mortgage. This is just insane, we are talking about Houston, not to be mean but this is not the most interesting city in the world.

[pgardn]

Derp getting a double wide trailer.

Better than "your" van down by the river.
Your mom has ownership, correct?

[Adam Lambert]

My wife and I might be looking at moving back to the States. She's from California, so I thought that we'd looking there (not SF even thought it'd be my first choice) in southern California. Looking at prices, we'd have to live pretty far inland. So, why not Texas since my company has an office in Houston, and I looked at prices, this is insane when you add the property taxes and insurance, you are essentially at 4-5k$/month for 30 years. That's already a good salary net after taxes. I could probably get 150 k$ from my company moving there so that means that more than half my salary would go into the house and I'm already in my late 40s so I could not take a 30-year mortgage. This is just insane, we are talking about Houston, not to be mean but this is not the most interesting city in the world.

You should still be able to find a Houston area home for much less than that. Probably have to settle for a longish commute, but that's the Houston way. Look outside the loop.

[RandomGuy]

Own a home.

It has appreciated about 50-70% in five years.

Refinancing it now, taking money out of that piggy bank, and paying off the last of the student loans. Interest rate won't change much, will have thousands in transaction costs, but leaves my cash flow situation $900/mo better off instantly, allowing for us to vastly increase our saving rate.

We bought just in time.