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Message
re: Houston - rent or buy
Posted on 6/6/14 at 2:04 pm to Cypdog
Posted on 6/6/14 at 2:04 pm to Cypdog
quote:
why would the schools stay bad? I
I don't think the schools will stay bad. You will notice they are shutting a lot of those under achieving schools down. The problem is the locals saying "I went to that school 50 years ago, why ya'll shutting it down". Not looking at the fact the schools aren't doing well and don't have any money. I think in the next 2- 3 years you'll see dramatic improvement in the HISD.
0
Posted on 6/6/14 at 2:17 pm to Cypdog
quote:
Would you see the school districts getting better in those areas?
Some of the HISD elementary schools in the Heights area are acceptable and have a good base of students from that upper class demographic - Travis and Harvard come to mind. The problem is that the transition hasn't made it to the middle school and certainly not the high schools yet. Parents are pulling their kids out of HISD after elementary rather than braving those schools. I'm hoping these schools will follow this pattern in the next 5 years as well. Property values are too damn high not to.
This post was edited on 6/6/14 at 2:18 pm
Posted on 6/6/14 at 2:46 pm to Cypdog
quote:
Secondly, if all of this low rent housing keeps getting run out or torn down, why would the schools stay bad? I know they will,
They get better...it takes time and will start at the elementary level. When you step up to middle school the district gets bigger and the quality goes back down and the same at the upper school level. Currently I can send my kids to elementary in the Heights, but have to go pvt middle through upper. But I don't mind, I'll pay the price to avoid the Woodlands/Kingwood/Katy commute and I just like living in the city.
Posted on 6/6/14 at 2:55 pm to LSUFanHouston
quote:
I will say that Houston has really diversified their econony since the oil bust. And if they keep having 100K people move there each year... they can't build fast enough to keep up the demand
This. Those that throw around words like "bubble" and "bust" are taking an overly simplistic look at the situation.
Posted on 6/6/14 at 3:11 pm to ffhouston
Yeah "if" Houston keeps adding 100k people, then things will continue to look great and no issues.
But to assume that will continue to happen is a rather simplistic way of looking at it.
I'm not saying it is going to bust. Just that prices in town will deflate when supply catches up to demand.
But to assume that will continue to happen is a rather simplistic way of looking at it.
I'm not saying it is going to bust. Just that prices in town will deflate when supply catches up to demand.
Posted on 6/6/14 at 3:51 pm to cjared036
quote:
Just that prices in town will deflate when supply catches up to demand.
I think it will be a long time before supply catches up with demand though. The demand is extremely high right now and the supply is limited. Houston inside the loop never felt the crunch the rest of the country did.
Posted on 6/6/14 at 4:43 pm to cjared036
Prices may flatten out, but I don't think the bottom drops out just because supply catches up
Posted on 6/6/14 at 9:36 pm to cwill
I could definitely be interested. Will you shoot me an email with more details?
This post was edited on 6/6/14 at 11:09 pm
Posted on 6/6/14 at 10:54 pm to reb13
Email sent. ymail?
Posted on 6/6/14 at 11:08 pm to cwill
Sent back. Yeah it's yahoo and basically just my throw away.
Posted on 6/6/14 at 11:46 pm to MWP
quote:
Kingwood to Galleria checking in
Same
Of course know one knows if it's a bubble, or it wouldn't be a bubble. I think it is, but that's just me and from some professionals I've talked to. It won't crash hard but there is too much new development going on.
Posted on 6/6/14 at 11:50 pm to barry
Also, Houston has diversified some jobs but don't let it fool you, we are still heavily tied to O&G.
Posted on 6/7/14 at 7:07 am to barry
quote:
Same
You make that fricking drive?
Sucks to be you
Posted on 6/7/14 at 9:42 am to Lsut81
quote:
You make that fricking drive?
Only 5 more weeks
It's the worst, that's why I leave the house at 9 and office at 4
Posted on 6/7/14 at 10:12 am to barry
quote:
It's the worst, that's why I leave the house at 9 and office at 4
Posted on 6/7/14 at 8:06 pm to barry
quote:
Also, Houston has diversified some jobs but don't let it fool you, we are still heavily tied to O&G.
Yeah, all that diversification will go as O&G goes.
Posted on 6/8/14 at 11:11 pm to cwill
Cwill I got your email and replied back
Posted on 6/9/14 at 9:00 am to lsubandmom
Rent can be found for cheaper. Not at brand new, updated complexes, but decent older properties in good parts of town can be found for much cheaper.
I live in a 1000 sq ft 2/2 apt in Greenway Plaza for <$1300/month. It's an older place that is certainly a little outdated, but for a couple in our mid-twenties who aren't completely crazy for the bar scene, it's an affordable option in a great area.
We thought about buying last year or within the next year or two, but it just doesn't seem worth it for us at this point. Our rent is well below the avg price for this size apt in a good area, and we would spend a good bit more on a house (mortgage, insurance, taxes, PMI, maintenance, etc.). It's possible that we'll be moving back to LA in a few years, and I'm a little bearish on the real estate here in Houston. As others have mentioned, I think its just too high right now and will flatten or drop slightly.
Just my thoughts.
I live in a 1000 sq ft 2/2 apt in Greenway Plaza for <$1300/month. It's an older place that is certainly a little outdated, but for a couple in our mid-twenties who aren't completely crazy for the bar scene, it's an affordable option in a great area.
We thought about buying last year or within the next year or two, but it just doesn't seem worth it for us at this point. Our rent is well below the avg price for this size apt in a good area, and we would spend a good bit more on a house (mortgage, insurance, taxes, PMI, maintenance, etc.). It's possible that we'll be moving back to LA in a few years, and I'm a little bearish on the real estate here in Houston. As others have mentioned, I think its just too high right now and will flatten or drop slightly.
Just my thoughts.
Posted on 6/9/14 at 9:16 am to kennypowers816
I with you. People can find reasonable rent options if they look hard with some fleibility or go in with others.
I am renting a townhouse near Mcgowen and 59 in midtown. I pay $635 a month. I have two roommates, but the place is big enough that we dont in each others way.
It does not make sense for me to buy. I also dont want to buy a poorly built townhome thrown up in a month.
I am renting a townhouse near Mcgowen and 59 in midtown. I pay $635 a month. I have two roommates, but the place is big enough that we dont in each others way.
It does not make sense for me to buy. I also dont want to buy a poorly built townhome thrown up in a month.
Posted on 6/9/14 at 9:24 am to cjared036
quote:that's like 2-3 blocks from the place we bought about a year ago. Amazing how much the values have increased in that time.
I am renting a townhouse near Mcgowen and 59 in midtown. I pay $635 a month. I have two roommates, but the place is big enough that we dont in each others way.
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