All Forum Posts by: Stephen Stokes

@Ben Gradert check out Housemax. They have a product taylored for long term holds of short term rentals.

@Nicholas Landis gimmick because it didn’t actually save the developer any money or time . It’s just one example (the east Austin Icon project) so the evidence is anecdotal but if there was real value the big boys like Lennar, KB and DR would be chomping at the bit for this. As always, my crystal ball doesn’t work and never has but I don’t see this becoming the norm but rather the niche for those buyers who desire to pay slight more for a home made this way. We have become accustomed to the idea that new technology is disrupting so many areas of life that many people believe every aspect of life will be disrupted by new technologies. I recently put up an analysis of the lumber pricing and now it seems we are right back to where we were. If lumber prices go up tremendously and stay elevated compared to concrete maybe this takes off.

@Nicholas Landis there is a company called Icon that has already completed a home in East Austin. To me this is more of a gimmick than a real path for low cost home building. What we really need is streamlined processes from the COA, ie. get out of the way of development and stop creating massive delays in the approval process. Lastly, cutting property taxes would go a long way for cutting cost of housing but it is evident the COA wants nothing to do with reducing spending.

As you can see in the link below, they are still using quite a bit of traditional building supplies and methodology especially on the 2nd floor.

https://www.archdaily.com/958376/americas-first-3d-printed-homes-for-sale-in-austin-texas

@Rudy Hayden check out the Norris Group

https://www.thenorrisgroup.com

@Ross Zeiger thank you for your service! Check out College Station. There are a lot of good duplex there.

@Stephen Stokes update: 8ft 2x4 is down to $3.47 at my local Home Depot!

@Aaron Gordy yep I was literally thinking exactly the same thing just yesterday about how rents have started to show huge increases and how that is caused by the tax situation. I explain this to my tenants as well but I still believe they mostly vote against themselves in this regard…oh well.

@Joe Scaparra unsustainable is the key. I like to say that those who feel like they are forced to buy will likely be those same folks who are are forced to sell someday.

@Wayne Brooks I am sure it makes great financial sense for the developer! Even fools gold has a market of buyers I guess....

I am really scratching my head on this one….if you want to invest in a hotel…why not just invest in a hotel? This seems like another way for inexperienced investors to get burned.