Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (28163)	3/14/2005 12:17:28 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Not as many good deals in Austin though I think it is as good as a medium sized affordable city in which to live in as any these days. Those P/E of three deals always look tempting like the Houston condos for long term investment. Houston for me seems to have the best mix of warm weather, high growth, lots of inexpensive inventory at a fraction of replacement cost with great cash flow and direct flights to SoFla. This monsterous 5 year old Austin house is probably about $425K in my area and the only two story over 2k sf less than 5 years old I could find under $125k. Metro Houston has hundreds in that range which is just incredible considering how low interest rates are and how high costs of brand new construction are now. realtor.com