Explaining the wave of homes being listed in north Dallas

9,282 Views | 72 Replies | Last: 2 days ago by TAMUallen
TAMU1990
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H1B visa holders were buying houses with barely anything down (if not $0) and a 97% FHA loan.
TAMU1990
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Kvetch
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That doesn't make the house free. It makes it more expensive. Why would ending that program entice those who already have loans to sell?
HollywoodBQ
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Madarchod
TAMU1990
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Kvetch said:

That doesn't make the house free. It makes it more expensive. Why would ending that program entice those who already have loans to sell?

They are in houses they can't afford
Kvetch
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TAMU1990 said:

Kvetch said:

That doesn't make the house free. It makes it more expensive. Why would ending that program entice those who already have loans to sell?

They are in houses they can't afford


If they could afford them yesterday, why can't they today? Nothing has changed for those that already owned them.
techno-ag
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Are they defaulting or are they just moving because school is out?
The left cannot kill the Spirit of Charlie Kirk.
Over_ed
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Once you are in a VHA FHA home, it has been incredibly easy to not pay monthly payments and get them rolled into the loan at the back end WITH NO INTEREST.

Trump limited this recently, so they can only do it once every 2 years.

Only suckers were paying.
aggiehawg
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Aaah, NINJA loans. Remember those well. My closing office would laugh about the loan packages that were being approved back then. Just insane.

Really wasn't funny though. A correction (read crash) was coming. I just misjudged the timing. Got out about 2 and a half years before the SHTF. Left some money on the table, I guess but I didn't have my ass in a sling when it happened.
Sq 17
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TAMU1990 said:

Kvetch said:

That doesn't make the house free. It makes it more expensive. Why would ending that program entice those who already have loans to sell?

They are in houses they can't afford



Well you can't say the "They aren't assimilating". Nothing more American than more house than the owner can afford
Capt. Augustus McCrae
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I work for a national home builder in North DFW and I can say at least 50% of our buyers are still Indians. Biden may have created that one program, but the problem still very much exists.

How can a first generation American who has been in the US less than 10 years accrue enough wealth to buy $450-500k homes. Often times these are 2nd homes for these people. Americans take 10-20 years to save enough for a home that costs a fraction of that.
combat wombat™
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Oh, I don't know, they work in a high paying field? Maybe they pool their resources.
Ol_Ag_02
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Capt. Augustus McCrae said:

I work for a national home builder in North DFW and I can say at least 50% of our buyers are still Indians. Biden may have created that one program, but the problem still very much exists.

How can a first generation American who has been in the US less than 10 years accrue enough wealth to buy $450-500k homes. Often times these are 2nd homes for these people. Americans take 10-20 years to save enough for a home that costs a fraction of that.



Four adults living in each home. Once the oldest Indian male gets a home his parents sell theirs and move in with them.
HollywoodBQ
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Capt. Augustus McCrae said:

I work for a national home builder in North DFW and I can say at least 50% of our buyers are still Indians. Biden may have created that one program, but the problem still very much exists.

How can a first generation American who has been in the US less than 10 years accrue enough wealth to buy $450-500k homes. Often times these are 2nd homes for these people. Americans take 10-20 years to save enough for a home that costs a fraction of that.
The main key is getting in the US credit system.

If Sandeep and Shilpa are both on H-1Bs, they're easily knocking down a combined $200k which will easily service $450k in mortgage debt.

Meanwhile, they're cranking out new American Citizens who don't have to serve in our Military or work as Police, Fire, etc.

Can't blame them for taking full advantage of our system. You know the same racist system that keeps so many down LOL
Maroon Elephant
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Prestonwood Christian Academy is closing its north campus. Didn't see that coming.



But when Zillow looks like this…

infinity ag
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Told ya.

20% of Prosper is for sale. Next is Frisco. Wait for the tsunami when ICE boots out those H1Bs scammy companies.

Keep your money warm to buy.

flown-the-coop
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Ol_Ag_02 said:

Capt. Augustus McCrae said:

I work for a national home builder in North DFW and I can say at least 50% of our buyers are still Indians. Biden may have created that one program, but the problem still very much exists.

How can a first generation American who has been in the US less than 10 years accrue enough wealth to buy $450-500k homes. Often times these are 2nd homes for these people. Americans take 10-20 years to save enough for a home that costs a fraction of that.



Four adults living in each home. Once the oldest Indian male gets a home his parents sell theirs and move in with them.

Toll Bros has this market cornered in FloMo and has for some time. And the sales prices are about 3x the above poster.

But that is how they do it. They also lend within their communities off the books. So a more established wealthier financier may buy the house and the younger family is installment purchasing from the wealthy chief.

I have no knowledge or opinion on the legalities of such.
one safe place
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We need to end all welfare and give away programs and where we make things too easy for some. This looks like one of them.
HTownAg98
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infinity ag said:

Told ya.

20% of Prosper is for sale. Next is Frisco. Wait for the tsunami when ICE boots out those H1Bs scammy companies.

Keep your money warm to buy.



20% of Prosper is not for sale. Simple math proves your full of it.
Pacifico
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combat wombat said:

Oh, I don't know, they work in a high paying field? Maybe they pool their resources.


It's not just high paying jobs in Austin. They're everywhere. Walmart, Home Depot, HEB. Guy I know got laid off at Q2 and started a Bollywood themed karaoke business for birthday parties in my neighborhood. What's that all about?
Garrelli 5000
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He's a a not very good techie that can't figure out his map said X homes are for sale, but I'm currently only displaying Y of X.

Or a troll.
TAMUallen
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All I have to say is that it shocked me seeing the number of Indian establishments in The Colony recently. I knew it was happening but wasnt aware it meant you could find something Indian every 40 yards
deddog
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Pacifico said:

combat wombat said:

Oh, I don't know, they work in a high paying field? Maybe they pool their resources.


It's not just high paying jobs in Austin. They're everywhere. Walmart, Home Depot, HEB. Guy I know got laid off at Q2 and started a Bollywood themed karaoke business for birthday parties in my neighborhood. What's that all about?


Walmart, HEb , Home Depot are probably parents of Indians.
Most Indians tend to be in hi tech or medicine. Or motels and gas stations where cash is king. During Covid a shocking number of Indians worked multiple jobs allowing them to buy these houses. Along with the 0 down stupidity.
Finally a lot of Indian techies start in California or the North East which makes it easier to afford these houses.
flown-the-coop
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It all started with the hotels and quickie marts. Now it's Home Depot, HEB and displacement of your favorite Chinese food place with a Delhi Belly To-Go.

America is fading.
AggieVictor10
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At some point, conservative white men will be a minority. Will they get DEI assistance/attention?

Will they even want it?
TexAgs91
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Kvetch said:

TAMU1990 said:

Kvetch said:

That doesn't make the house free. It makes it more expensive. Why would ending that program entice those who already have loans to sell?

They are in houses they can't afford


If they could afford them yesterday, why can't they today? Nothing has changed for those that already owned them.


Inflation
No, I don't care what CNN or Miss NOW said this time
Ad Lunam
flown-the-coop
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AggieVictor10 said:

At some point, conservative white men will be a minority. Will they get DEI assistance/attention?

Will they even want it?

No, you treat all people equally.

Unless they are lib. Because it's a lib game to treat people differently based on skin color, genders, orientations, religion.

Normal people treat others as they wish to be treated.

HTH.
AggieVictor10
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Right on. I'm all for a meritocracy.
jamey
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Someone brought to my attention that all the Indian homeowners on my street have houses facing east. Nobody facing west is Indian. Been that way since I moved in a decade ago, just never put it together
flown-the-coop
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Those are East Indians.

West Indians face west.
jamey
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flown-the-coop said:

Those are East Indians.

West Indians face west.


There's one Korean couple in a house facing east. None of the houses face south
flown-the-coop
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So not South Koreans or maybe they face east to remain neutral.

Kidding aside I had not noticed a particular preference and I know some Indians that face west, makes me wonder if they are of a particular sect / vintage.

Now I have sat through land meetings as we laid out **** with a fung sway lady lectured us on spiritual protestation of roads, trees and homes.
East Dallas Ag
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You should Google Vastu.
BigRobSA
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TAMU1990 said:



It's only fair after giving them AIDS blankets and getting them addicted to fire water.
BadMoonRisin
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