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re: Galveston has over 1500 properties listed for sale right now
Posted on 8/15/26 at 6:34 pm to jclem11
Posted on 8/15/26 at 6:34 pm to jclem11
I'm talking about prime land thats off the tax rolls for whatever reason.
UTMB owns a lot of land. A lot of federal land on east beach. A lot of land ended up in historic trusts and foundations that are tax exempt for whatever reason. All of that makes up a significant portion of the tax base.
UTMB owns a lot of land. A lot of federal land on east beach. A lot of land ended up in historic trusts and foundations that are tax exempt for whatever reason. All of that makes up a significant portion of the tax base.
Posted on 8/15/26 at 7:08 pm to TygerLyfe
quote:
Was trapped in CC years ago on a work assignment, and that was one of the nastiest coastal beach areas I've ever seen
When I went, it was very nice. Just a notch below Florida panhandle quality.
Posted on 8/15/26 at 7:49 pm to Upperdecker
quote:
Air BnBs getting sold for losses
Was driving around the island this Fall for the first time since before Covid, and it was astounding how many of the old, rundown houses between Broadway and the Seawall got new paint and a giant beach chair in the front yard w/ a sign naming the house.
That Renovating Galveston couple made it look so easy!
Posted on 8/15/26 at 7:53 pm to Street Hawk
All the homes in the center.
If you aren’t beachfront of bay? Galveston really doesn’t have much bay. The ports are actually used and very active. The middle of Galveston is awful. Beautiful old homes. Limitless potential if only……
If you aren’t beachfront of bay? Galveston really doesn’t have much bay. The ports are actually used and very active. The middle of Galveston is awful. Beautiful old homes. Limitless potential if only……
Posted on 8/15/26 at 7:54 pm to SallysHuman
quote:
What's going on?
Poo poo water.
Hot as frick.
Traffic
Posted on 8/15/26 at 8:00 pm to Street Hawk
Still paying the price for Biden'z economy
Posted on 8/15/26 at 8:01 pm to chinese58
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.
Yeah man, NO Mardi Gras never has issues…
Posted on 8/15/26 at 8:26 pm to nicholastiger
quote:I have better investments.
Just lowball everyone Might get a steal
And who wants a place in Galveston?
Posted on 8/15/26 at 8:33 pm to Street Hawk
Dookie water and a golf cart for $900k
Posted on 8/15/26 at 8:43 pm to TheOcean
quote:
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
Galveston isn’t just short term rentals but I’m sure many or most are rented, it’s 2nd homes in general that no one wants anymore. Covid shutdowns made anyone with any money look to buy a second home outside of the city because so much in the city was either shut down or made people nervous to go. Galveston benefitted greatly from that, as did most beach and mountain towns.
Galveston was cheap for a beach town and easily accessible by Houston and east Texas.
This is just a giant bumble that’s finally popping, unfortunately for those people.
Posted on 8/15/26 at 9:30 pm to TheOcean
quote:
Probably a combo of insurance and property taxes. Plus, people bought these thinking STRs would be easy money. Hint: they're not. Probably a lot of underwater properties.
All of the above plus what they are having to pay into the Condo associations. Some coworkers have properties down there and it's astonishing how much it costs per month even if you have zero debt.
Posted on 8/15/26 at 9:54 pm to Street Hawk
quote:
There’s so many that the red Zillow bubbles overlap on top of each other multiple times
Wow incredible insight
Posted on 8/15/26 at 9:58 pm to South21
quote:
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.
Hmmm
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