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: Jim McMannis who wrote (37274)	8/8/2005 3:57:53 PM
From: KM	Read Replies (1) \| Respond to of 306849

I've been trying to. And the house I showed you is an inner city house. Near downtown, where the yuppies buy. You get out a ways into the burbs and there is no way to hold value. Supply outstrips demand by a factor of 2 at least IMO. And now you understand why I think that Californians coming in here with no knowledge of the market or dynamics here are going to get their heads handed to them. The schlock builders are gonna keep building all the way to Oklahoma and in Dallas, new is better, no matter how far you have to drive.

To: Jim McMannis who wrote (37274)	8/8/2005 10:00:52 PM
From: John Vosilla	Read Replies (2) \| Respond to 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?