Ralph Sir Edward
TUG Member
I just listened to some statistics in DFW this morning while going to get gas for the car. Dallas used to be a place to move to, because (while drab) the cost of living, and in particular housing, was cheaper that other places, relative to wages.
Not any more.
Rent for an average 1 bedroom apartment jumped 20% year-over-year, this month. Average rent was $1600/mo. 2 bedrooms average was 2100/mo. As for buying. . . bidding wars, and prices above asked is standard. My house 5 years ago would have fetched low $200K. Now it would get at least $450K.
I guarantee wages here aren't going up 20% a year. . .
Oh yes, I bought regular here at $4.39 a gallon. . . .
Not any more.
Rent for an average 1 bedroom apartment jumped 20% year-over-year, this month. Average rent was $1600/mo. 2 bedrooms average was 2100/mo. As for buying. . . bidding wars, and prices above asked is standard. My house 5 years ago would have fetched low $200K. Now it would get at least $450K.
I guarantee wages here aren't going up 20% a year. . .
Oh yes, I bought regular here at $4.39 a gallon. . . .