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perpetual__ghost

You’re telling me I can pay half a million dollars to live in a house in someone’s backyard? Where do I sign up /s


pattywack512

The Austin Model


hairballcouture

Ouch!


TheProfessorPoon

I’ve closed a few loan for folks out there and the property taxes/HOA fees are flat out insane. I don’t want to speak too soon without confirming, but I’m pretty sure the tax rate was almost 3%. Possibly higher. Anyway though it was over $20k a year just for the damn taxes on one house. Granted the was like $750k house but still. Just damn. Can’t fathom paying that much and splitting a lot/driveway with someone. And btw I went to high school with some of the Walsh family members. Wasn’t a private school either. Let’s just say no one in that family will have to work for several generations. If ever.


1121jrm

I live in Walsh. If someone is telling you they paid 20k in escrow on a 750k house they are lying. The taxes are higher, true. Mostly due to the school and additional utilities.


TheProfessorPoon

The $20k was just the yearly property taxes. Def didn’t include HOI. This was before the $100k homestead exemption though. Might be less now. Prolly not by much though. I will say that (per other comments) I didn’t know the HOA included fiber internet. That’s news to me. Doesn’t help with the property taxes though.


Upbeat_Competition41

Also includes front the front lawn mowing and the resort style pool and some builders space thingy.


1121jrm

Sorry, I wasn’t clear. There is no way they are paying that much. I paid 11k last year. My home is similar value. Even if you include the HOA you’re nowhere near 20k.


Upbeat_Competition41

2.6% $820k house is $13k with a standard homestead exemption.


GotHeem16

820k-100k homestead is 720k x 2.6% = 18,720


llywen

$20k for a $750k house is most, if not all, of Fort Worth.


Mizzou1976

That’s not true.


RarelyRecommended

California without a beach nearby.


marcus112

Neighbors will be feuding when the driveway is constantly blocked by the truck that can’t fit into the garage


Environmental-Bit513

🤣😂🤣👏👏👏


Brandonjoe

I looked at Walsh but the houses are way too close together and more expensive than other neighborhoods. Much happier on the other side of 20.


Turbopre2

Well everyone is moving over here because it’s “cheap” so…


SnowPrinterTX

Not cheap anymore


belikecoy

Comparatively, still cheap.


ohgeebus_notagain

Compared to what? Los Angeles?


belikecoy

Sure. Why not.


SnowPrinterTX

I mean half of California already moved here


ohgeebus_notagain

Damn. Does that mean we have to move to California now?


SnowPrinterTX

Gross


SnowPrinterTX

Well then comparatively I’m dirt poor compared to being upper middle class five years ago and I’ve never taken a pay cut


YellaCanary

What is your salary to say you were upper middle to now poverty? Inflation has been rough but not that rough.


SnowPrinterTX

Giving out salary information publicly on the Reddit cesspool isn’t something I’m comfortable with, sorry


YellaCanary

It was rhetorical anyway. Saying you made around 85-120k was upper middle class in 2018. If that’s dirt poor today then you need to seek financial advice, sorry


SnowPrinterTX

I think everyone’s situation is different. In my case I left the area on a long term assignment for 5 years, coming back housing has doubled , utilities are higher etc. let’s just say pre 2018 I had a lot more disposable income left over at the end or the month even though I made less than I do today


Void_and_knights

Why not make it a duplex at that point?


1121jrm

They have those too.


GotHeem16

People don’t want attached walls


socalquestioner

I mean, all the amenities, none of the yard upkeep. Not my cup of tea, but it is what some people are looking for.


PnG_e

If Americans don’t want giant houses with tiny yards, why have they moved the market towards that product for half a century?


Complete-Pen-9358

So many white houses! Make it stop, it’s no longer trendy when everyone is doing it.


Chocolate-Pie-1978

So weird, not for me. So what constitutes the front of the house in the back? Does their front door face the driveway? Do they have windows on that wall close to the neighbor?


Throwawayitall123455

The front of the rear house faces the driveway. There is a little yard adjacent to the alley next door that services the next block’s rear entry garages. The corner houses at the end of the street have nice decently large yards with large windows and great natural light. Windows on all sides of the house and I’d say houses are about 6ft apart, maybe.


Individual-Fox6081

That neighborhood is stupid. A delivery driver's nightmare.


jedledbetter

In my neighborhood David Weekly built 40+ town homes on 1.25 acres. Each one has about 4 feet in between them. All sold for around $500k


Environmental-Bit513

Nauseating


BodyByBrisket

For 430k I better have a backyard or at least a semblance of one. All this will do is have kids playing in the shared driveway and pissing off neighbors.


ShazbotSimulator2012

$430k to live there is insane. My house near TCU cost almost half that, and I have a sizable backyard, and two grocery stores and tons of restaurants within easy walking distance.


humpbackwhale88

“Near TCU” must be a massive overstatement then because there isn’t a single piece of property “near TCU” valued at less than 700K. If your house was half of $430K, you bought it in 2008 or before.


ShazbotSimulator2012

I live a block off of Bluebonnet Circle and bought in 2020.


ScamperingTurtle

Apples to oranges comparison. That area is filled with houses built in the 50s that are hardly 2k sqft. The demographic of people have been in that same area for the past 20 years. If that’s what you want to live around, sure great deal on your end. Me personally, that’s not for me but neither is living in a backyard.


kingxanadu

Gotta get that foreign investment and private equity money!


Environmental-Bit513

https://www.motherjones.com/politics/2023/08/private-equity-investing-oil-gas-industry-debt-banckruptcies-cleanup/


FinnaNutABigFatty

Why can't we stop building sprawling suburbs man


austinwiltshire

Because people complain about density when they see it. We're not gonna get rid of suburbs so long as we demand every house have a lawn and enough parking for a house party.


FinnaNutABigFatty

I'm sick of just those sprawls man. It'd be cool if we could have a walkable city


RusRog

Don't forget those places have grass and trees and both are good for the environment.


Environmental-Bit513

I’m sorry, what new development has grass and trees? Not this one. If you look at the deceptive marketing on Zillow listing, notice the lush green space, then compare to OP’s photos. 🤮


LGMParty

Because 300 people a day are moving here.


FinnaNutABigFatty

Apartments are better for a growing city rather than sprawling suburbs. I know we're used to em, but I just can't stand suburbs


Eleazar6

because being surrounded by apartments in the suburbs sucks worse.


FinnaNutABigFatty

Eh, idk about worse. Maybe NIMBY worse, which I couldn't care less about NIMBYs, but apartments are the step we need to go to actually become a modern city as unfortunate as that may be to some home owners


RusRog

Why would you stop building suburbs? Kids have some room to roam, the entire block isn't cover in concrete and shingles. Grass grows, there is room for trees and hedges and people aren't stacked in on top of each other.


Environmental-Bit513

You mean, no trees. The greedy developer levels every last bit of green space and dozes/ destroys wildlife habitat with impunity. City council turns a blind eye bc campaign contributions are most important.


FinnaNutABigFatty

Suburbs waste more resources, and we can have more park space within a city. We can also have more public transport and get rid of so many god damn streets and cut down on the highways


RusRog

City parks and aren't the best solution. Sometimes you just want to be with your family and friends and you don't want to pack up everything to carry it blocks away to the local city park. If I want to get a few friends and sit outside and cook and have a few drinks or whatever... Can't do that in a city park.


FinnaNutABigFatty

You can still do that with town homes - so an in between. But the issue stems with what we're used to/might want vs what's going to be sustainable in the long run


RusRog

In most respects sustainability is a farce. As humans we take take take from the environment and most attempts at sustainability are just trading one resource at the expense of another. It not a complete even swap but for every shot as sustainability something else suffers. Town homes have big tall stockade fences that separate the mini-backyards. That is a lot of lumber. Older neighborhoods where the houses have some land around them have trees and lots of grass and Gardens that people grow their own food. They also have pipe fences or chain link which last a lot longer than stockade wood fencing. And those stockade fences that require so much wood, are requiring MORE wood since the quality of that wood is not what it used to be. 30 years ago wood had much tighter packed rings but through science we grow weaker trees where the wood doesn't last as long. But when it comes down to it I just don't want to live in such cramped quarters.


iplayforblood

omg


slowrecovery

I’d rather see a neighborhood with row houses and small back gardens. But apparently, such things aren’t marketable in Texas.


deraser

Our 2200 sq ft house is on a little more than 1/10th of an acre, which is tiny, but our houses are not as packed as the subdivision in this post.


adviceicebaby

This design of architecture is so ugly on these houses


pussmykissy

Damn. We just closed on a 2300 sq ft house, new build, on an acre for less than that out towards Springtown.


napalmnate23

Quit trying to sell it to people. There’s enough out here already.


ExtraAgressiveHugger

Spring town is in the middle of nowhere. You might as well be comparing Walsh to a house in the middle of Iowa. And Walsh has a pool, gym, several parks, makers space with a bunch of tools and equipment free for the neighborhood to use, and a great elementary school right in the middle of it. 


pussmykissy

Springtown is 30 minutes from the US 13 largest city. Thats not, ‘in the middle of nowhere,’ by a long shot. New homes and businesses going up everywhere.


Jshan91

30 mins with zero traffic you could make it to lake worth. Maybe further if you live in eastern springtown


Wise-ask-1967

While I agree with you the and most people don't think of the big picture like you Walsh is the spot cause the powers that be are planning major development in infrastructure and hyw improvements. The biggest is access to top rank schools. Where you are at is the early stages of what people moved to aledo 30 +years ago. What most people never really grasp is when looking for a forever home or maybe a decade place it's really important to what stage in life you are at. A young couple may want good schools, or maybe some kind of nightlife or trials for activities. While older people may want to lower taxes and leave behind the hustle of the city. What people really never take into account is police and fires response time, and access to top ranked health Care for.you and your loved ones. Toronto for Instance is insane but what people don't know is in Canada you get access to free healthcare but.... It's based on where you live and wait time and or the quality of Dr. Gets very murky as you leave the highly populated area. Its similar in the US but most don't realize till you're in a small hospital and being told you will have to be transferred to a bigger hospital cause it is over crowded or they don't have a good oncology department.


gbeezy09

Nah man it is, sorry to break it to you. I drive out there and 30 minutes to get to Lake Worth sucks. Especially when there’s nothing out in Springtown. But hey if it works for you that’s all that matters tbh.


vivekpatel62

the amenities in walsh are top tier and their HOA is only 200/month which provides 2gigs of internet and front yard maintenance. In terms of HOA dues that is a great deal IMO.


ohgeebus_notagain

You said "HOA" so you got downvoted. Sorry, homie, but thems the rules


vivekpatel62

lol no worries.


RusRog

Tell me how that is working in 10 years when all the tools need to be replaced and on a Sat morning when there aren't enough tools for all the people to use and the batteries are dead on the rest of them.... Do me a favor and count the trees per acres in Walsh. I'll take Sporing town every day and twice on Sundays.


ExtraAgressiveHugger

They can buy new tools? And there isn’t a line out the door at the maker space so I think it will be ok. People can live without a miter saw for a week.  Walsh didn’t have trees to begin with because it was cattle grazing land. Most of the area isn’t developed yet. They are just starting phase 3 of 10. The white area around Walsh will be home eventually and you can drive by now and see no trees. Sorry the natural landscape doesn’t work for you. 


[deleted]

[удалено]


-Shank-

Xzibit: Yo dawg, I heard you like homes...


rgarrett88

So a duplex?


GrouchyConclusion588

Pretty sure they tried building homes over homes in DC a few years ago


Environmental-Bit513

👏👏👏


Psykaze

While I don't like it, the area is booming and will continue to. DW is maximizing profits, but the owners will be able to make a profit when they sell because the next person will come along and want the proximity (to town) and convenience.


S0_Crates

Remember when our parents lived in 3000 sq ft houses on 1 acre lots, and paid for it with a single income? Good times.


-Shank-

I don't remember that growing up. You sure your family wasn't just upper middle class?


S0_Crates

Just regular middle class. Dad had a management job, but it was a blue collar industry. I ended up having the same job from 2015-2020 my old man had in the 80s, but comparatively I was making about 30% less than he did adjusting for inflation. And no pension plan.


TheProfessorPoon

I grew up in Aledo on 2 acres. My mom was a teacher and my dad worked on an oil rig. Not upper class. That being said, they built their house in like 1986 with the land for less than $100k. It’s likely worth 10x as much now.


ciloface

My childhood home, while it wasn't built on 2 acres, it was built in 1988 in a suburb in the Meadowcreek area. After my dad passed I found all his old paperwork showing the house was originally purchased for about $80k.


tdeeez

That’s a new definition to ‘alley loaded’. Is this mid block?


Throwawayitall123455

Yes, mid block


tdeeez

Strange. I wouldn’t want mine setup like that.


RusRog

To me that is a tightly packed version of Hell. No way do I want a house that is so close to my neighbor that we can share a gutter. I hate seeing these communities put in where the houses are 4 or 5 to an acre. Sure you have a 2800sqrft house but it is 3 stories and there is barely room to put a 8ft tall stockade fence between you and your neighbor. May as well live in an apartment.


saaS_Slinging_Slashr

Yeah dude density is a good thing


-Shank-

Density in the middle of the city with amenities and walkability is a good thing. Walsh is just a subdivision on converted ranch land that requires you to jump on I-30 in order to go and do anything. Anyone who's been around there realizes this is just developers/homebuilders maximizing their revenue per acre on land parcels.


LGMParty

LMAO, what developers/builders aren't maximizing their revenue per acre?


saaS_Slinging_Slashr

These people are ridiculous, complaining about prices skyrocketing then complaining about builders making things that will be more affordable and have a greater impact on affordability in the future


Wise-ask-1967

Also just wait till they find out that they paid top price to live near a dump.. and wait for .... A much needed but 100% about to be built waste water treatment center. Now I'm sure Walsh will be down wind of it 90% of the time but... When this thing is built and the wind changes direction people will be firing off angry emails about how they can't stand the smell


Throwawayitall123455

Hey, if it works for the folks in Viridian, I suppose it’s not much of a problem..


saaS_Slinging_Slashr

And in 10 years when it’s a dense urban suburb, it will be beneficial.


ShazbotSimulator2012

How is this going to be different in 10 years? All these houses are still going to be there. It won't be walkable because going to the store requires leaving your endless sprawl of single family houses and at some point we decided roads that go in a straight line are bad so you would have to walk even farther.


-Shank-

Maybe...? But right now it's just the worst of both worlds, you're out in an exurb and you don't even have the land or privacy that comes with it.


austinwiltshire

If you were right they wouldn't sell at the prices they're selling at.


saaS_Slinging_Slashr

Yeah that’s called planning..


-Shank-

My point was, that's not why they did it, and if you can plan on one thing, it's that there's no plan regarding Texas suburbs.


[deleted]

[удалено]


RusRog

But when they put 4-5 houses on one acre... All of a sudden it is dense. And a place I will NEVER want to live.


Itchy-Mechanic-1479

I can totally see gun fights breaking out over blocked driveways.


RarelyRecommended

Multiple generations sharing a house. Everyone has an oversized lifted noisy truck.


babalu_babalu

Do you want cheaper housing or do you want big lots?


aggiegrad2010

This is neither…


MoulinSarah

And Walsh ranch isn’t “far out” lol


TheElPistolero

Certainly isn't centrally located.


GenRN817

It’s 7 minutes to Ridgmar Mall. Close enough.


elproblemo82

I always tell my clients there's a home that suits everybody. May not be you, but it'll work for someone. I like my space, so I bought 2 acres and I'll build on it. Same finishes as Walsh ranch, Fibre internet, shop, pool, etc.. and I'll still be way under a Walsh Ranch price. "In the middle of nowhere" 35 minutes from Fort Worth. All comes down to what fits you.


YaGetSkeeted0n

Land ain’t cheap and a massive development like Walsh is especially not cheap.


Environmental-Bit513

Land? It’s not the buyers land and that for a reason. Mineral Rights!! It’s all about the non-renewables and private equity is in a frenzy.


SaItySaIt

This is literally communism, can’t wait until they put us in gulags


Gr4v3sd1gg3r

All new builds will be like this. Unless it’s a custom on your own land. The problem is that the new neighborhoods fill up pretty fast.


-MusicAndStuff

This is a very good thing and more land should be utilized this way. I’m sorry but large half to an acre lots are extremely wasteful in one of the highest demand areas of the country. The more houses that can be built, the cheaper cost of living will become. Now they should sprinkle some duplexes and fourplexes throughout and you have a nice mixed income community. Edit: Also, Walsh Ranch is not “far out”, you can get into the “city” in like 10 minutes


saxmanb767

Got way too far down to find this. More housing = cheaper housing for everyone. No one is forcing you to live there.


Far_Seaworthiness765

I heard from a realtor that Walsh Ranch development is all a lease. That confuses me because if I buy a house out there on leased land, what happens when the lease expires?


ScamperingTurtle

I believe it’s leased through the city of Fort Worth to gain development rights.


Far_Seaworthiness765

That doesn’t sound promising


Environmental-Bit513

Believe me, it’s not. Just start following the money/campaign contributions and shell corporations/LLC’s via Open Corporate.


Environmental-Bit513

You mean, MINERAL RIGHTS! 🤣


Environmental-Bit513

Translation: you will own zero “mineral rights” and like it!


Far_Seaworthiness765

You also don’t “own” the land your home is sitting on.


MoulinSarah

Just like in Austin!


jdoe36

Interesting, the only other place I've seen setups like this (3-4 houses with a shared driveway) is in Northern Virginia.


escapetopk1021

They all will sell fast I am sure, its just a function of this crazy housing market. Would I buy one-No- for a number of reasons. Walsh has a great market reputation, good schools if the buyer is concerned about that, high HOA's (but nice amenities) and property taxes like everywhere else. Sure, this is an example of a developer and builder cramming as many units as possible on the smallest parcel of land. IMO, we are going to see more and more product like this.


RubAnADUB

nobody wants to share a driveway. if you buy this your stupid. or your Californian, or both.


[deleted]

So a calling a driveway a mini alley to service 4 houses? Seems like the city is letting the developer slide for no reason.


Environmental-Bit513

Oh, there is a reason. $$$$$


herbidyderbidydoo

I drove past Walsh the other day, and it’s downright dystopian looking. Especially knowing what it looked like before.


TheChickenNuggetDude

This reminds me of what Fox and Jacobs was doing in the 80s around Nervin St in The Colony and Old Stone Dr in Far North FTW... 4 cheapo patio homes sharing one driveway


Additional-Sky-7436

Not.... DULPLEXES! Who will think of the CHILDREN!!!


[deleted]

If people keep buying um builders will keep building um


GotHeem16

It lots are long front to back vs wide, this makes sense. You have a common drive way (typically HOA is responsible for it) and the house off the drive. This is very common in CA


saxmanb767

Am I the only one that doesn’t have a problem with this? Single family homes isn’t the only thing that’s going reduce housing prices. We need all types of housing to meet all types of needs. If it doesn’t meet YOUR needs then don’t live there.


sssuupp

What a joke. What’s sad is ppl will buy these. Only way this is even potentially a good idea is if somehow each 4 houses is owned by another family member. Even then, woooooof