Comments on: Texas: The Next Real Estate Boom? http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/ Learn, Network, Invest Sat, 11 Feb 2012 23:51:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dennis Ghttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-60994 Dennis G Sun, 02 Nov 2008 22:29:08 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-60994 YES it is true what they say about Texas..... We can obtain pricing well under any other state and our housing market as well as business' are booming regardless of the mortgage market, due to incoming investors. For an example we owner finance our homes and can sell them for 80 cents to the dollar and many times lower. How about three duplexs; rent averaging 500 per side and picking up all three for 59,900 each!!!! YES it is true what they say about Texas….. We can obtain pricing well under any other state and our housing market as well as business’ are booming regardless of the mortgage market, due to incoming investors. For an example we owner finance our homes and can sell them for 80 cents to the dollar and many times lower. How about three duplexs; rent averaging 500 per side and picking up all three for 59,900 each!!!!

]]> By: Bankruptcy Attorneyhttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-60642 Bankruptcy Attorney Tue, 14 Oct 2008 05:12:53 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-60642 With the global economy going into a massive slowdown period - the US midwest is much better shape than California and Florida. Governor Schwarzenegger is already looking for his own 7 Billion + bailout to keep the state a float, I don't see Texas in that kind of predicament. With the global economy going into a massive slowdown period – the US midwest is much better shape than California and Florida. Governor Schwarzenegger is already looking for his own 7 Billion + bailout to keep the state a float, I don’t see Texas in that kind of predicament.

]]> By: Seattle Apartmentshttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-60323 Seattle Apartments Wed, 01 Oct 2008 05:30:26 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-60323 It's interesting to go back and read this post given the events that have unfolded in the last month. Real Estate is going to get real cheap, but at least Texas will have a shorter distance to fall than Arizona, CA and Florida. It’s interesting to go back and read this post given the events that have unfolded in the last month. Real Estate is going to get real cheap, but at least Texas will have a shorter distance to fall than Arizona, CA and Florida.

]]> By: Dee Copelandhttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55907 Dee Copeland Thu, 10 Apr 2008 04:41:41 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55907 To be honest, this is kind of old news. The boom hit in 2004-2006. 2007 was a little shaky, but we're holding steady despite the mortgage downturn. Spring really heated up the Austin market in certain areas. To be honest, this is kind of old news. The boom hit in 2004-2006. 2007 was a little shaky, but we’re holding steady despite the mortgage downturn. Spring really heated up the Austin market in certain areas.

]]> By: Jim Watkinshttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55840 Jim Watkins Mon, 07 Apr 2008 20:51:25 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55840 To all of you who took the time to post a reply and or/nominate this article... Thank you! I think all of you had very interesting things to say and I hope we can all make out great if/when Texas booms.One other thing to note about the Austin market... I read last week that Dell Computer will be closing their main plant soon. If I am understanding that correctly, I think that could really hurt Austin's values.-Jim Watkins To all of you who took the time to post a reply and or/nominate this article… Thank you!
I think all of you had very interesting things to say and I hope we can all make out great if/when Texas booms.

One other thing to note about the Austin market… I read last week that Dell Computer will be closing their main plant soon. If I am understanding that correctly, I think that could really hurt Austin’s values.

-Jim Watkins

]]> By: The Carnival of Real Estate #85 | Real Central VAhttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55831 The Carnival of Real Estate #85 | Real Central VA Mon, 07 Apr 2008 15:48:06 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55831 [...] Texas: The Next Real Estate Boom? [...] [...] Texas: The Next Real Estate Boom? [...]

]]> By: sfvrealestatehttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55818 sfvrealestate Sun, 06 Apr 2008 23:18:52 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55818 I'm a Realtor in So. Cal. Two years ago, not a day went by when I didn't get at least one call out of the blue from somebody that wanted to buy a piece of undervalued property. Of course, they wanted to flip it. At the time, there were no undervalued pieces of property. Last year, those calls dried up. And this year...we all know what's happened this year. I guess the lesson is that once the flipper calls stop coming, it's time to get the hell out of the market. I’m a Realtor in So. Cal. Two years ago, not a day went by when I didn’t get at least one call out of the blue from somebody that wanted to buy a piece of undervalued property. Of course, they wanted to flip it. At the time, there were no undervalued pieces of property. Last year, those calls dried up. And this year…we all know what’s happened this year. I guess the lesson is that once the flipper calls stop coming, it’s time to get the hell out of the market.

]]> By: Rob Lawrencehttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55812 Rob Lawrence Sun, 06 Apr 2008 20:04:24 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55812 Texas is one of the fastest growing areas in the country. Now that the boom in Las Vegas is over, investors will be looking for new areas an with the hurricane and the people growth, Texas is the next logical step. Warm Regards, Rob Texas is one of the fastest growing areas in the country. Now that the boom in Las Vegas is over, investors will be looking for new areas an with the hurricane and the people growth, Texas is the next logical step. Warm Regards,
Rob

]]> By: Sam Chapmanhttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55806 Sam Chapman Sun, 06 Apr 2008 13:16:17 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55806 Investors need to pay attention to Austin over the next year. Austin's economy is very strong and unemployment is low. However, the lending mess combined with buyer psychology combined with buyers who can't sell in other markets being cut out of our market have lead to a slow-down here. The number of listings is way up and prices are flat. The slow and steady appreciation we have enjoyed in Austin looks to be flattening out and I think we're headed for a decrease in prices. As the "national" market improves in a couple of years, my opinion is that Austin will be very strong. Investors need to pay attention to Austin over the next year. Austin’s economy is very strong and unemployment is low. However, the lending mess combined with buyer psychology combined with buyers who can’t sell in other markets being cut out of our market have lead to a slow-down here. The number of listings is way up and prices are flat. The slow and steady appreciation we have enjoyed in Austin looks to be flattening out and I think we’re headed for a decrease in prices. As the “national” market improves in a couple of years, my opinion is that Austin will be very strong.

]]> By: Milan in Portlandhttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55793 Milan in Portland Sun, 06 Apr 2008 00:31:46 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55793 I don't know the Texas market, but I know that in California most of the appreciation happened in the coastal areas where there has been strong population growth combined with substantial geographic constraints (ie steep mountains) to housing growth. Are there any areas in Texas that have such geographic limits to stop the sprawl over time? I don’t know the Texas market, but I know that in California most of the appreciation happened in the coastal areas where there has been strong population growth combined with substantial geographic constraints (ie steep mountains) to housing growth. Are there any areas in Texas that have such geographic limits to stop the sprawl over time?

]]> By: » Texas: The Next Real Estate Boom?http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55788 » Texas: The Next Real Estate Boom? Sat, 05 Apr 2008 14:29:29 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55788 [...] Jim Watkins is a true recipe for delightful information. Texas: The Next Real Estate Boom? is very interesting… Below is a summary: [...] [...] Jim Watkins is a true recipe for delightful information. Texas: The Next Real Estate Boom? is very interesting… Below is a summary: [...]

]]> By: Chad Fisherhttp://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55777 Chad Fisher Sat, 05 Apr 2008 05:22:37 +0000 http://www.biggerpockets.com/renewsblog/2008/04/04/texas-the-next-real-estate-boom/#comment-55777 I live in Washington state and many Californians started buying up properties over 15 years ago and they have profited handsomely as Seattle's real estate market has steadily appreciated at 8-10% a year. Those Cali investors that diversified are sure happy especially in the So Cal area as there own homes are down close to 20% year over year.Nice post, keep them coming. I live in Washington state and many Californians started buying up properties over 15 years ago and they have profited handsomely as Seattle’s real estate market has steadily appreciated at 8-10% a year. Those Cali investors that diversified are sure happy especially in the So Cal area as there own homes are down close to 20% year over year.

Nice post, keep them coming.

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