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

To: John Vosilla who wrote (37485)	8/10/2005 2:40:53 PM
From: shades	Read Replies (1) \| Respond to of 306849

I have been reading from some of the global warming folks that average temperatures are not the concern, but the extremes will gyrate more away from the average - so colder colds and hotter hots - not good for the body. Who wants 100 degrees in the day and 20 degrees at night? The garden of eden was a nice moderate temperature all the time no?

To: John Vosilla who wrote (37485)	8/10/2005 3:04:51 PM
From: KM	Respond to of 306849

Yeah but I love to climb rocks and mountain bike. It's been long enough. I like Flag too but there's nothing to rent there.

To: John Vosilla who wrote (37485)	8/10/2005 3:11:06 PM
From: KM	Read Replies (1) \| Respond to of 306849

Thanks for the link. I see some people get it: I need to chip in my (now standard) Texas Disclaimer. :-) There are a lot of forces at work keeping home price appreciation in check. * Carrying Costs: Insurance & Taxes. 3.5% to 4.5% of purchase price per year. * Tepid Local Economy. Not expecting tons of new residents with high incomes soon. * Lots of (cheap) land around every city, and plenty of highways. Supply is not a problem. * Tons of nice used homes already for sale. Supply is not a problem. * Lack of percieved "perks" to living in Texas (compared to the coasts). Retiring to Texas is not actually that bad an idea, but expecting to swoop in and become a profitable landlord is not going to be easy. Rents are not going to go up significantly, I don't think these guys can buy up enough houses to disconnect the rent to purchase ratio. If they make all their properities have a good positive cash flow, more power to them. The only people I know doing that are people who have been here a while are and quite savvy. If someone buys up a cookie cutter bunch of houses in a new subdivision, they'll likely be in compeition with the home builders as they convert the adjancent farmland into even newer cookie cutter homes. I don't think they understand that most of Texas' (sub)urban areas have been in a state of more supply than demand for years, quite the opposite of California from what I've read. or this ("Their arrival signals that Texas' fortunes may be improving.") Or not. We are in the midst (or nearing the end) of the biggest home price explosion in American history. Yet Texas didn't participate. If Texas couldn't get it up during boom times, why on earth would home prices escalate there in the aftermath of a national boom? This is nonsense. The only way these speculators can make money in Dallas and Houston is by selling properties back and forth to each other. A giant game of RE musical chairs. Texas has population growth, yes. But much of the growth---as the story suggests---is poor immigrants from south of the border. Tons of supply, tons of land, no zoning controls. Texas is great for the homebuilders, bad for speculators. Love reading about dim bulbs from Calif busing in and buying up zero-appreciation tract homes in Texas and hoping to flip them. Go for it, doofs!