The people that my realtor friends tell me are buying the houses in Houston are not corporations or REITs, but people fleeing CA, NY and IL.
My cousin says it is almost 3 to 1 transplants to native TX buyers that he is signing deal for. Frightening.....because this the type of migration that ruined places like OR, AZ and CO.
I laugh and joke to him that he better hope he never runs out of transplants to sell our houses to.
My problem is...I am a native Texan and love our culture and state and was not planning on leaving. However, if the cost of living in TX and the political climate changes, we might be forced to leave.
Depressing....when I think about it for too long. There is next to nothing we can do to stop this trend.
Actually yes. Just have to know your area and the trends. I have friends that have been doing this since early 00s. 20 or so years of flipping houses and living well. Will it end? Probably but at this point they have a carrier out of it.
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Real estate, equities, business... timing is important. Anyone can sit on the sidelines and predict eventual downturns.
Last edited by ChattanoogaPhil; 06-16-21 at 12:54.
I know building materials are tight now, but at normal prices, what does it cost to build. I know there are different levels of finish- do you just spec by level is so much per square foot. How much does the complexity of the build matter?
I know that the stop on house building last year and the price of new building materials are both driving current house prices. But houses will be built and materials will come back down in price. Prices have to get back to some kind of balance with current building. I know land is limited, but especially in our area, there are a lot of scapes&builds. How much does it cost to take down a 3000sqft house?
I'm not looking for price quotes, just a general idea of cost to see how far off the prices are.
The Second Amendment ACKNOWLEDGES our right to own and bear arms that are in common use that can be used for lawful purposes. The arms can be restricted ONLY if subject to historical analogue from the founding era or is dangerous (unsafe) AND unusual.
It's that simple.
Didn't know that the FED was still screwing around that much in capital markets.
https://www.cnn.com/2021/06/19/busin...rve/index.html
The Second Amendment ACKNOWLEDGES our right to own and bear arms that are in common use that can be used for lawful purposes. The arms can be restricted ONLY if subject to historical analogue from the founding era or is dangerous (unsafe) AND unusual.
It's that simple.
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