re: Houston - rent or buy

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.