re: Buying investment properties...

yeah. Im still renting well below market rate for where i am. Got a townhome with two other guys, i pay around $600 a month. 1 bedroom apartments(700square feet are going for $1500.

People brag on the market but there is a bubble buiding. Brand new 2000 Sq ft townhomes are being built and selling for $400k in areas around downtown where the previous property(SFH with a front and back yard) was selling for maybe $100k.

Builders are trying to keep up with demand. We are getting alot of people from areas of the country that have typically higher home prices. There is still so much of inner city Houston that is undevelped that once the housing catches up with demand that prices will begin to fall again. There are also alot of condo construction being built.

I know alot of newly maried couples that have bought recently. But within 5 years they will have kids and need more space, no telling what the resale will be.

I have thought about buying the Woodlands as an investment.