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re: Houston - rent or buy
Posted on 6/6/14 at 8:37 am to cjared036
Posted on 6/6/14 at 8:37 am to cjared036
I am concerned about a bubble with all the new construction but then I realize what a huge city this is and in the overall scheme of things - there are not a huge number of properties for the number of people coming into the area. Daughter is working for P66 but does not want to live in the energy corridor and not ready to move to Katy yet. She would probably hang onto anything she buys as a rental unit. I don't see her moving away anytime with them bulding their new headquarters in Houston.
Reb - I may have to contact you about the townhouse rental. My SO and I live in Houston also. He works in the CBD and we don't expect to stay for more than 4 years max, have a house in LA and one in FL - so its best for us to rent. We live in a highrise now and love it but it is tight for closets and storage.
What apts can you rent for $1500 that are nice? Maybe we've missed something. Her lease is ending soon and trying to make a decision whether to stay.
* Sorry just noticed I logged in under 2 different names. Kids have been out of Tiger band for years and didn't know how to change name so registered a new one. Computer decided to throw me into the other account.
Reb - I may have to contact you about the townhouse rental. My SO and I live in Houston also. He works in the CBD and we don't expect to stay for more than 4 years max, have a house in LA and one in FL - so its best for us to rent. We live in a highrise now and love it but it is tight for closets and storage.
What apts can you rent for $1500 that are nice? Maybe we've missed something. Her lease is ending soon and trying to make a decision whether to stay.
* Sorry just noticed I logged in under 2 different names. Kids have been out of Tiger band for years and didn't know how to change name so registered a new one. Computer decided to throw me into the other account.
This post was edited on 6/6/14 at 9:31 am
1
Posted on 6/6/14 at 8:49 am to Latebloomer
Forgot to mention that there is a lot of California and New York/south of the border money coming in for developments. (I work in banking) they are a lot of the people buying these properties and investing.
It is pretty normal for properties in Cali and NYC to fluctuate wildly in price every few years and they are used to bill and bear real estate markets. They are part of the formula for this expensive market. Once that spigot stops then demand/prices will go down.
I'm not saying it's going to suck here. But it bugs me when everyone around me is saying prices will continue to rise. Someone needs to be bearish....
Also Some of these townhomes are built so quickly that they are poorly built. It really makes me wonder.
It is pretty normal for properties in Cali and NYC to fluctuate wildly in price every few years and they are used to bill and bear real estate markets. They are part of the formula for this expensive market. Once that spigot stops then demand/prices will go down.
I'm not saying it's going to suck here. But it bugs me when everyone around me is saying prices will continue to rise. Someone needs to be bearish....
Also Some of these townhomes are built so quickly that they are poorly built. It really makes me wonder.
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