- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Houston - rent or buy
Posted on 6/6/14 at 9:49 am to cjared036
Posted on 6/6/14 at 9:49 am to cjared036
I have a house inside the loop and luckily bought it when I did. I can't help but watch all the construction near downtown, midtown,montrose, upper kirby, lower kirby, the village, etc. and wonder who the heck is going to live in these places. It feels over built already.
Is anyone on here knowledgeable about the formula developers use to determine demand for all of these high rent apartments? Clearly there is demand but there has to be 30+ giant complexes going up right now.
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, I am just looking for a logical explanation. I feel set for awhile with my kids zoned to West U so its not a personal question. I have lots of friends moving to the heights and various parts of braeswood so I am curious for some intelligent thought on the subject.
Is anyone on here knowledgeable about the formula developers use to determine demand for all of these high rent apartments? Clearly there is demand but there has to be 30+ giant complexes going up right now.
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, I am just looking for a logical explanation. I feel set for awhile with my kids zoned to West U so its not a personal question. I have lots of friends moving to the heights and various parts of braeswood so I am curious for some intelligent thought on the subject.
3
Posted on 6/6/14 at 10:13 am to Cypdog
regarding high rents... the perception of high rents will linger in the market longer than what the actual market rent should be. It will take these new complexes to open offering lower rental rates than their close competitors. A tipping point. That will happen when these complexes have issues in getting the property fully leased out at open. last year There was a property in Midtown that was fully leased out two months before a unit being available. There are others in process of opening soon. Well see...
There are some decrepit properties being replaced by the new complexes. which is helping the rates stay high. but What is crazy to me is the older apartment rental rates are not very far off from the brand new complexes offering incentives.
Regarding the schools, i look at it as HISD maintaining a tradition of catering to lower income familes. And part of raising kids in the city is being apart of the private school scene. Your almost shunned if your kids go public school while living in the city. Its apart of the upper crust networking scene in this city.
There will be some schools begin to turn. Lamar HS being one. But most properties being built(townhomes) are not conducive to raising kids really. THe people buying them are empty nesters and young professionals(and alot of them are putting kids off until their mid 30s-if they decide to have kids).
Look at Memorial Elementary, located around $700k properties and a great park to take your kids to... 80% minority.
There are some decrepit properties being replaced by the new complexes. which is helping the rates stay high. but What is crazy to me is the older apartment rental rates are not very far off from the brand new complexes offering incentives.
Regarding the schools, i look at it as HISD maintaining a tradition of catering to lower income familes. And part of raising kids in the city is being apart of the private school scene. Your almost shunned if your kids go public school while living in the city. Its apart of the upper crust networking scene in this city.
There will be some schools begin to turn. Lamar HS being one. But most properties being built(townhomes) are not conducive to raising kids really. THe people buying them are empty nesters and young professionals(and alot of them are putting kids off until their mid 30s-if they decide to have kids).
Look at Memorial Elementary, located around $700k properties and a great park to take your kids to... 80% minority.
This post was edited on 6/6/14 at 10:19 am
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.
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.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News