Started By
Message

re: Galveston has over 1500 properties listed for sale right now

Posted on 8/15/26 at 6:34 pm to
Posted by Stat M Repairman
Member since Jun 2023
3411 posts
Posted on 8/15/26 at 6:34 pm to
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.
Posted by tigersbh
Baton Rouge
Member since Oct 2005
13400 posts
Posted on 8/15/26 at 7:08 pm to
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 by PowerTool
The dark side of the road
Member since Dec 2009
23397 posts
Posted on 8/15/26 at 7:49 pm to
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 by LSU alum wannabe
Katy, TX
Member since Jan 2004
27880 posts
Posted on 8/15/26 at 7:53 pm to
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……
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
45576 posts
Posted on 8/15/26 at 7:54 pm to
quote:

What's going on?


Poo poo water.

Hot as frick.

Traffic

Posted by Strannix
C.S.A.
Member since Dec 2012
54241 posts
Posted on 8/15/26 at 8:00 pm to
Still paying the price for Biden'z economy
Posted by TexasTiger08
Member since Oct 2006
30604 posts
Posted on 8/15/26 at 8:01 pm to
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 by soccerfüt
Location: A Series of Tubes
Member since May 2013
76231 posts
Posted on 8/15/26 at 8:26 pm to
quote:

Just lowball everyone Might get a steal
I have better investments.

And who wants a place in Galveston?
Posted by PGAOLDBAWNevahBroke
Member since Oct 2025
678 posts
Posted on 8/15/26 at 8:33 pm to
Dookie water and a golf cart for $900k
Posted by baldona
Florida
Member since Feb 2016
24485 posts
Posted on 8/15/26 at 8:43 pm to
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 by sleepytime
Member since Feb 2014
3935 posts
Posted on 8/15/26 at 9:30 pm to


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 by OceanMan
Member since Mar 2010
23422 posts
Posted on 8/15/26 at 9:54 pm to
quote:

There’s so many that the red Zillow bubbles overlap on top of each other multiple times


Wow incredible insight
Posted by OceanMan
Member since Mar 2010
23422 posts
Posted on 8/15/26 at 9:58 pm to
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
first pageprev pagePage 3 of 3Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram