Dallas On The Verge of Bankruptcy
Our real estate market has never been better. North Texas sales were up 26% in November. Our median home price is now $230,000. Yeah, the trophy home sales are a little soft, but our region saw some of the biggest property price/value increases in the country in September, just three months ago. We are up a…
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This is one of the biggest pickles Dallas, or really any U.S. city, has been in. As we have mentioned, the police and fire pension is asking the taxpayers of Dallas to make up a $1.1 billion shortfall. At the same time, the police are SUING Dallas for $4 illion in back pay, IF they…
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How badly has our real estate market been harmed by this news? Why did he wait until now, or was Rawlings’ timing impeccable? The news about Dallas’s Police and Fire Pension System goes from bad to worse. And it continues to be negative national news that could potentially hurt our housing market. In particular, the…
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Let’s say you are going to put your home on the market. You want to know what to list it for, so your realtor suggests getting an appraisal. Good deal. The appraiser comes over, measures for square footage, notes the type of floor coverings and windows, asks about updates. Then he or she takes a…
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The Wall Street Journal’s take on the Dallas Police and Fire pension crisis was way more accurate than what the New York Times ran. The Times blamed the fund’s real estate assets too much. They are peripheral: Retirement systems around the country are wrestling with how much risk to take as they try to fill…
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