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re: Galveston has over 1500 properties listed for sale right now
Posted on 8/15/26 at 12:32 pm to Street Hawk
Posted on 8/15/26 at 12:32 pm to Street Hawk
This will eventually happen to the housing market as a whole but the losses will be less. The prices today do not correspond with what people are able to pay.
Posted on 8/15/26 at 12:33 pm to SallysHuman
quote:
What's going on?
Thatat dirty-arse water washing up on the shore and people think they be at the beach. C'mon man.
Posted on 8/15/26 at 12:35 pm to Street Hawk
One problem that Galveston got is that 19% of property is off the tax rolls as owned by foundations, trusts and other tax exempt entities.
Posted on 8/15/26 at 12:47 pm to Street Hawk
It’s all over Texas.
Seven years ago if you listed a home for sale in our area you would get 100 walk throughs a weekend.
Now there’s 450 for sale.
Seven years ago if you listed a home for sale in our area you would get 100 walk throughs a weekend.
Now there’s 450 for sale.
Posted on 8/15/26 at 12:54 pm to BowDownToLSU
quote:
The water in Galveston makes Biloxi water look like Maldives
Biloxi is also a short boat ride to Ship Island, which has gorgeous water (typically)
Posted on 8/15/26 at 12:57 pm to The Torch
heavily dependent on the neighborhood and surrounding school district
Posted on 8/15/26 at 1:01 pm to Dragula
quote:
Nasty Louisiana beach but in Texas
Put some respect on Shell Beach’s name baw.
Posted on 8/15/26 at 1:09 pm to SallysHuman
My guess is that its a bunch of people bought them as short term rentals and expecting to positive cash flow. But the combination of overpaying on purchase price, high interest rates, skyrocketing coastal insurance costs the last few years, and high Texas property taxes are making it impossible to turn a profit for anyone that bought in the last few years. Add in the headaches of dealing with short term renters and the more frequent repairs and maintenance and people realize that being a STR landlord isn’t the great investment they thought it would be.
Posted on 8/15/26 at 1:12 pm to RummelTiger
quote:
You're not really this stupid, are you?
I will answer that.
Yes, this is an accurate representation of his entire posting history.
Posted on 8/15/26 at 1:24 pm to Street Hawk
No Balinese. No bueno.
Posted on 8/15/26 at 1:28 pm to Cosmo
The downtown is nice and punches well above its weight with food and drink. I wouldn’t want a house there just for the beach, though.
Posted on 8/15/26 at 1:30 pm to TygerLyfe
CC
—if you mean Corpus, that beach and especially the water is 350% better than Galveston
—if you mean Corpus, that beach and especially the water is 350% better than Galveston
Posted on 8/15/26 at 1:31 pm to NIH
Owning an STR is all fun and games until the old liberal Karen's with pussy whipped husband's come and stay at your place
Posted on 8/15/26 at 1:33 pm to The Pirate King
I wanna see the dudes that way overextended themselves on 10 rental properties with zero down in 2021 crying on social media about their huge losses
Posted on 8/15/26 at 1:46 pm to Street Hawk
Who would want to live there?
Posted on 8/15/26 at 1:48 pm to Cosmo
quote:Went to their Mardi Gras one year and found out. It was so disappointing. Every bar was full of underaged girls begging you to buy them drinks. Most were high school kids. Kept wondering where these kids parents were, and why their kids were out at 1 am.
Nasty beach
Nasty people
The only excitement I saw was their cops throwing a drunk through a bar's plate glass front window.
We got there before dark and saw their muddy beach. with cars parked all over. Cops were ID'ing people and making a lot of kids pour out their beer and leave.
This post was edited on 8/15/26 at 1:50 pm
Posted on 8/15/26 at 3:40 pm to Street Hawk
Last time I was in Galveston (work), I didn’t know that many trashy tatted up people could gather in one place.
Posted on 8/15/26 at 3:47 pm to Street Hawk
Just lowball everyone
Might get a steal
Might get a steal
Posted on 8/15/26 at 5:50 pm to nicholastiger
What high percentage of these houses on the market are due to divorce?
The bay house / lake house typically first thing to go.
The bay house / lake house typically first thing to go.
This post was edited on 8/15/26 at 5:51 pm
Posted on 8/15/26 at 6:04 pm to Stat M Repairman
I’m fairly certain that property owned by a trust is eligible for homestead exemption but is not fully tax-exempt.
Do you have a source?
Do you have a source?
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