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In Flower Mound, TX, population 69,966 as of 2019, the cost of living in Flower Mound is 33% higher than the Texas average, the cost of living is 20% higher than the national average, the cost of housing is 62% higher than the national average, the general sales tax is 23% higher than the national average, and the Texas state income tax is 100% lower than the national average per Areavibes. Yet, people continue to choose Flower Mound as their city of choice to live for reasons, such as schools, taxes, and close proximity to DFW Airport and Dallas Love Field.
Affordable homes under $300,000.00 continue to lesson due to low inventory and buyers are losing opportunities if they are not buying if conditions don't meet expectations as seen on (unrealistic) TV Reality or other home programs produced to influence and persuade consumers based on actors and scripts leading people to believe buying a home is easy and do-it-yourself projects are fun. Hired contractors, in reality, are more expensive. Custom homes are very expensive and the renovation is not cheap. If everyone had the same income, taste, style, and needs, homes would perhaps be perfect, but the reality is no home is perfect. Maintenance is a reality. Homeowners can only do what they can do and expectations by buyers are not always a reality. The true reality is, nobody, not even homes that are pre-existing or new are perfect. But for those who rented and now own, many appreciate having their own home to build equity, even if it isn't perfect rather than rent.
People can learn to live within their means if they understand finances, economics, supply and demand and weigh what is most valuable to them, such as schools, location, and other factors unique and important to each and every individual. The greatest benefit to those who own and who are willing to make sacrifices know they aren't contributing to a Landlord or an Investor's retirement goal for wealth opportunities.
Because it looks like a duck, swims like a duck,
and quacks like a duck, it is a duck ---anonymous
Because it looks like a home, built like a home, and sold like
a home with all its imperfections it is a home