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Galveston Island real estate insanity
Posted on 2/24/21 at 7:35 am
Posted on 2/24/21 at 7:35 am
Ok, I get covid has led many in a nearby 6.8million populous to seek 2nd homes close by for fun. But, good lord!
We’ve been considering a Sea Isle (west Galveston bay......no trashy) purchase, but missed the boat i guess. Just looked at a back canal home listed for $510/ft. Bruh.
Interior homes going for $400k+ That used to be $250-300k.
Not wishing it, but only thing that’ll cool that market is God.......
We’ve been considering a Sea Isle (west Galveston bay......no trashy) purchase, but missed the boat i guess. Just looked at a back canal home listed for $510/ft. Bruh.
Interior homes going for $400k+ That used to be $250-300k.
Not wishing it, but only thing that’ll cool that market is God.......
7
Posted on 2/24/21 at 7:47 am to CharlesLSU
Is this sort of like having a 2nd home on the Louisiana coast? Recreational fishing being the primary purpose?
I've looked into a vacation in Galveston before - weekend type thing with it being so close to BR but doing research I never came away feeling like it was worth wasting a vacation there. But I've never been there so I could be wrong.
I've looked into a vacation in Galveston before - weekend type thing with it being so close to BR but doing research I never came away feeling like it was worth wasting a vacation there. But I've never been there so I could be wrong.
Posted on 2/24/21 at 8:45 am to CharlesLSU
quote:
Galveston Island real estate
Never understood the attraction really? If I was serious about a 2nd home, it would be down towards Port A or Rockport. Port A may be a little longer drive than Galvatraz but the beach is better and so is the fishing. We actually slum over on the other side in Crystal Beach during the Summer. I got a buddy with a brand new place and we rent it from him from time to time. After Ike, everything is brand new over there.
Posted on 2/24/21 at 8:50 am to CharlesLSU
I have 4 friends with places in Tiki, and if you think Sea Isle, JB, or the west end in general are high.....Tiki is way higher. You ever look at Demijohn Island and that area?
The primary appeal to the Galveston area is proximity to their primary homes. Can get down there in an hour and there are a ton of really nice, relaxing places down there.
The primary appeal to the Galveston area is proximity to their primary homes. Can get down there in an hour and there are a ton of really nice, relaxing places down there.
This post was edited on 2/24/21 at 8:54 am
Posted on 2/24/21 at 9:51 am to CharlesLSU
Cheap money more than anything.
Posted on 2/24/21 at 10:02 am to CharlesLSU
And every 10-12 years they get flattened
Posted on 2/24/21 at 10:24 am to CharlesLSU
Now add in Texas Wind Pool & Flood & Taxes 
FEMA is going up on their rates to confiscatory amounts annually to move those beach houses to private companies.
FEMA is going up on their rates to confiscatory amounts annually to move those beach houses to private companies.
Posted on 2/24/21 at 10:18 pm to CharlesLSU
Our plan was to buy a gulf coast vacation rental property in about 2 years... prices have skyrocketed the past 12 months and I think inflation is going to keep the prices high unfortunately.
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