re: Blackrock is buying every single-family house they can & paying 20-50% above asking price

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I’m currently looking to move to another part of Houston, and so many houses are already under contract immediately after being put on the market.

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Where are you looking? I’m hoping in 2 years to be in the market but I’m just not ready yet and not at these ridiculous prices. I hate to admit it, but I’m hoping for a massive slow down (not a crash) in the near future. I’ve been thinking somewhere like Cypress or Spring would be ideal. That being said, I’ve also tossed around the idea that a high rise city condo may be fun for awhile being that I’ve never lived in a big city environment. I know that are a lot of drawbacks to that, but I don’t have kids and living in the Museum District could be cool for a number of reasons. I think we’ll see those prices come down once the demand for ownership in highly dense area fully develops (if it does) and I realize I’m in a minority here of wanting to live like that. Maybe that relatively unique position will lead to more valuable pricing. I don’t know.