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

To: Dale Baker who wrote (59612)	8/10/2006 12:06:10 PM
From: Beachside Bill	Read Replies (1) \| Respond to of 306849

What about 2 trillion barrels in oil shale in the Rocky's....or another 2 trillion in oil sands in Canada that only cost $10 a barrel to pump? Only one of the above is more than Saudia Arabia has ever had.

To: Dale Baker who wrote (59612)	8/10/2006 12:17:00 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Thanks for sharing Dale. Personally I'm keeping it simple. Just looking to build up a portfolio out in Katy or perhaps even up in the Woodlands. I-10 widening gets done next yr and all the energy companies are nearby. Hurricanes along the coast plus it is an area of higher land far from the refineries and hurricanes near the coast plus among the best school districts all help. I also like areas that have a bit of the look and feel of a Boca Raton or Scottsdale. Something has to give with purchasing power of your dollar. No way the gap in those houses over time at $50-60 psf stay at one fourth what they are in a comparable neighborhood in FL or AZ. Plus from my vantage point the area is much more land constrained than Dallas metro, more tied to energy economy, a more desireable location for coastal equity extraction and the weather overall is better.