Help! How to market future equity build up

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Do investors not care about future equity build up in the Houston inner city. Inner city Houston is excepted to boom and buyers just don't see that.

Originally posted by @Emmanuel Onyemem :

Do investors not care about future equity build up in the Houston inner city. Inner city Houston is excepted to boom and buyers just don't see that.

 Houston is unlikely to see a huge spike in appreciation in my opinion. It has several factors working against it:

1) Houston is a commuter city and there is a strong comfort level in commuting to and from downtown.

2) There are few areas that are in natural prime locations (ie. SF peninsula has a bay around it, views up the hill, etc.) and people don't necessarily prefer one area over the other.

3) Businesses are willing to expand outward as well (Galleria, Woodlands, energy corridor, etc.)

4) It's very easy to alleviate supply demands and build up. Houston is second right now in terms of multi-family property approved. Current properties can generally be built up.

5) Historically Houston has one of the lowest price variances in the country.

That said there are areas that become gentrified, but in general it's easier to just develop and expand outside of the loop. To make a gentrification play I would definitely look in the Heights/Museum District/River Oaks area. Young working rental population is what drives the gentrification more so than home buyers and this is VERY different then many other cities. 

Medium wb logoKevin Wood CPA, WoodBaker LLC | [email protected].com | 832‑444‑9284 | http://www.woodbakercompanies.com | TX Agent # 684674, TX Contractor # 000000 | Podcast Guest on Show #167

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