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re: Are we at a generational housing peak?
Posted on 3/13/17 at 1:49 pm to autodd03
Posted on 3/13/17 at 1:49 pm to autodd03
Because of the recession housing starts are way down on average over the last 10 years. What is dragging down things is appraisals. As costs to build rise the appraisals aren't yet rebounding in most areas. Couple that with a major subcontractor shortage and the constraints in the banking industry there is a lot of downward pressure that is almost offsetting the uptick in demand.
Over the next year or so there will be an uptick as subs come back and prices come up.
Over the next year or so there will be an uptick as subs come back and prices come up.
0
Posted on 3/13/17 at 2:39 pm to dabigfella
quote:
Look if you wanna pay $1.5m to live next door to the hood be my guest but west u having its own police force of 4-5 cops isn't why we lack crime it's bc we don't have a lot of "culcha" ot speak anywhere near us. I think there's been 1 murder my whole life in west u like 20 years ago that serial killer the railroad killer but other than that you rarely here about break ins or robberies, and by rarely I mean almost never.
All of what I would call the "enclosed" cities - West U, the villages, etc, all are surrounded by layers of decent areas... you are certainly nowhere near hood!!
Posted on 3/13/17 at 2:41 pm to dabigfella
quote:
Yea I get a chuckle out of the heights and how quickly its had its turnaround, a good friend of mine was robbed at gunpoint there last year. Another friend of mine has had his car broken into twice over the last few years. Neither of those things happen at all in river oaks or west u. The heights has made an amazing turnaround but there are still a ton of undesirables right there next to your super pricey homes. It still has alot of gentrification that needs to happen.
In NOLA, the Bywater is all hot right now. People are paying good money, insane money, for renovated homes.
A co-worker of mine, who recently moved here from New York, bought a house there a few months ago, despite my and other's warnings. He just "loved the feel".
Since the start of the year, his car and his wife's car have been broken into a total of 5 times.
Posted on 3/13/17 at 4:43 pm to LSUFanHouston
quote:
Since the start of the year, his car and his wife's car have been broken into a total of 5 times.
um, i know a lot of bywater folks and thats far from standard.
Posted on 3/13/17 at 7:26 pm to autodd03
We need baby boomers to die off. There's more of them than there are millenials to pay for them. That's why millenials have to deal with insane student loans, insurance, taxes, and social security. There will be a natural vacant housing glut,so go for as much house and land as possible with these rates. Subdivisions are basically multi family housing now.
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