Real estate prices in Texas crazy cheap?

[LevelUP]

Houston is cheaper than Austin and Dallas. You do have to consider the safety of the neighborhood whenever you see super low prices. Condo prices have been dropping because they're undesirable. The HOA fee is $350 per month, which isn't too bad for a condo this old. The HOA fee can increase significantly at any time, and there can also be a special assessment if the HOA doesn't have enough funds for repairs. Special assessments can be thousands of dollars. You don't really own the building you're living in. Currently, there are people being forced out of their condos in Florida because the HOA sold to a corporation.

This condo is small, has old appliances, and mold in the shower. This might seem like an upgrade for some people coming from another country, but this is not appealing to American buyers, which drives the price down. This property has been on the market for 98 days, which is a long time. They also dropped the price a month ago and still couldn't sell.

Houses in many big cities are unaffordable for the average person when you factor in the typical salary. Most locals can't afford a home in Dallas and Austin, but prices have been coming down nationally. If someone really wanted to live in California, there are cheaper cities, such as Fresno. I wouldn't want to live in California, but I've also considered leaving Texas. We don't get a whole lot for the high property taxes we pay.

A licensed real estate agent cannot say things like "this is an undesirable neighborhood" or "this is unsafe," as such statements could be considered discriminatory and may violate other regulations.

That is the standard size for most apartments built in the 1980s and 1990s in many cities. New homebuyers want the most they can afford, and if better options are available elsewhere, they will choose those instead.

Many big cities are not affordable, and high interest rates make it even harder to buy a home.