The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (37274)	8/8/2005 10:00:52 PM
From: John Vosilla	Read Replies (2) of 306849

Built out inner loops of both Dallas and Houston have skyrocketed. Sweet spots for now are just outside of the core. Older townhouses, condos and single family in Houston just outside of the first loop at $20-50 psf which is close to buildout. Many California investors have bought a ton of nice new homes farther out past the second loop where construction is going on like crazy. I heard there are so many for rent out there that up to six months of free rent is being offered by these out of state investors so what good is it to buy a nice new home for investment now if you can't even rent it?

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