Sort of, anyway. According to the Dallas News, the residential real estate in Dallas is valued at $549 billion dollars and is equivalent to Sweden’s gross domestic product. That may be comparing apples to oranges. But, I did discover that the Bureau of Economic Analysis has determined that the GDP of Dallas/Fort Worth/Arlington for 2016 was $511 billion dollars. That’s a bit more ‘apples to apples’, though I would have liked to see a report for Dallas separately. I’m a numbers person. I like things to make sense – at least, I like them to make sense to me.
Speaking of numbers – in 2016, Sweden had a population of 9.903 million people living on 173,860 square miles. The population of Dallas in that same year was 1.318 million with a land area of 385.8 square miles. In 2016, there were approximately 4.5 million households in Sweden while Dallas had close to 458 thousand occupied homes. (Households are defined differently by a number of sites I researched, among them, Statistica and the US Census. Occupied homes seems a logical definition, but, I’m a Realtor and perhaps I shouldn’t be blogging so late at night!)
In conclusion, what does this tell us? Again, I’m a Realtor, so, I’ll have to get back to you. I’m mesmerized by the information about Sweden’s real estate market.
NOTE: I invite you to provide any information that may clarify the GDP of Dallas, separate from Fort Worth and Arlington. The data seems skewed without that bit of detail. I really need some closure there.
David Cruey created Arched Cabins for the sole purpose of providing efficient, sturdy, cost-effective, easy to build, multipurpose structures all in one. Utilizing the arch shape and four inch ridge beams, he was able to create the perfect structure for enduring all sorts of weather conditions. The structures are built from their Cypress, Texas (Yayy, Texas!) based facility and shipped to various distribution points for delivery all over the lower 48 states. How are they doing so well? Have a look!
They start with an elevated 24’ by 32’ platform as a foundation to prevent flooding before building the arched frame. The arch not only lends itself to style, but also provides incredible durability in all sorts of weather. R25 insulation can be installed for handling harsh temperature climates.
While there are many different sizes, the larger framed structures can make for two story homes. The entire Arched Cabin kit can be erected by a crew within four hours, or by two people over a standard weekend!
From the outside, they look very simple. From the inside, though…they’re amazing! And the kitchens rock! The open house plan lends to a spacious, airy feeling. The insertable shelves maximize space efficiency, and the elevated position of the bedroom makes it the warmest spot for the winters. There is even enough space for a walk in shower!
With all of the sizes and colors, this home design is suitable for much more than a ‘tiny house’ community! Think cabin in the woods or at the lake. What about a nice little place out back for college aged kids (don’t go all out or the kids will remain long after graduation!).
It won’t replace 2500SF, a 3-car garage and a pool…but I can help you with that.
Upcycled homes are becoming a new rage among home builders that want something eco-friendly, stylish and unique. Nowadays you can find upcycled tiny homes, earthships, and other various examples of the environmentally conscious construction movement. Here is an upcycled home style that makes use of large shipping containers, which happen to provide plenty of security and only start at $2,000 to build.
Most containers are sized at 8′ X 20′ (160SF) or 8′ X 40′ (320SF). They can be stacked, angled or placed side by side. They’re very affordable and construction time is minimal. The greatest challenges appear to be insulation and temperature, rust and corrosion, and toxic materials (What was the container used for before it became a house?).
Still, houses contrived in this way intrigue me. Here are a few that might intrigue you too!
Low credit scores alone aren’t an automatic ‘no’ when you’re considering buying a home. Lenders also consider these factors.
- Large down payment (10% down or more)
- Low debt-to-income ratio
- High income
- No outstanding debt
- Large amount of cash reserves
- Significant amount of time with current employer
- Paying comparable rent payments (no payment shock)
For FHA (lender requirements vary)
Continue reading Credit Score Below 580?