Economics of Texas

[the1]

The inner city of Chicago is beginning to compete with Detroit, resembling a third world country. Downtown in the loop is still good but once you get outside the loop you want to continue going until you hit the perimeter.

Drove through El Paso a few years back on my way back up to ABQ. Dang is it hot down there! Houston too much pollution and humidity. I'm guessing Dallas and Amarillo ain't so bad but never been through those parts.

Quote from EMRGLOBAL:

Yes, your stats are correct.

However, If you'r making great money life is very good in the Lone Star State.

A lot of the stats are due to the massive illegal and Hispanic population in South Texas.

The education system is horrid in the High School system.
However, there are some great High Schools in the upscale areas.

So, bottom line, just like anywhere in this country. If your not making the money life is going to be hell for you no matter where you live.

Chicago has had a mass exodus that is brought down their population to 1920s level. But Chicago is a great Place to live if you have money.


The solution....make money and live where ever you want.

 

[bigarrow]

Quote from the1:

The inner city of Chicago is beginning to compete with Detroit, resembling a third world country. Downtown in the loop is still good but once you get outside the loop you want to continue going until you hit the perimeter.

Drove through El Paso a few years back on my way back up to ABQ. Dang is it hot down there! Houston too much pollution and humidity. I'm guessing Dallas and Amarillo ain't so bad but never been through those parts.

Amarillo and Dallas are as different as night and day.

 

[volente_00]

Quote from cstfx:

Nope. Moving to Tx next year. I've been looking.

I can buy a 3k house in a North Dallas sub. (Allen, Plano) for around 3-400k! That's the down payment for a house in Westchester/Putnam NY or Bergen/Passaic NJ. I can sell my house (even after the downtown) and buy something comparable and still have about 200k in the bank when I am done.

The Northeast sucks.

Point being is that y'all bitching about how high the property taxes and such are in Texas but you ain't got nuthin' on the NYC metro area. That's why I can't wait.

You dead set on north texas ?



For 400k you can get a decent place on the lake in south east TX away from the rat race but an easy commute to houston if you wanted.


http://irec.lakeconroe.com/content.cfm?HAR_id=504037&mlnum=93347764&class=1&cs=5




FWIW I would go with Allen over Plano.

 

[BSAM]

Quote from volente_00:

You dead set on north texas ?



For 400k you can get a decent place on the lake in south east TX away from the rat race but an easy commute to houston if you wanted......

(Just don't tell him what the humidity is like in that area.)

 

[Maverick74]

Quote from BSAM:

(Just don't tell him what the humidity is like in that area.)

I think people bitch too much about weather. We're lucky enough we live in a country with so much diversity in climate. It's always either too hot or too cold or too much rain or too much snow. Americans are getting a little bit...shall we say prissy?

 

[BSAM]

Quote from Maverick74:

I think people bitch too much about weather. We're lucky enough we live in a country with so much diversity in climate. It's always either too hot or too cold or too much rain or too much snow. Americans are getting a little bit...shall we say prissy?

LOL...You'd argue with a fence post man.

Just move to San Luis Obispo. Problems solved.

 

[EMRGLOBAL]

I am a former homebuilder
------------------------------------


Why former?

Second, not sure where your building, in timbuck 2 but in and aroudn Houston, San Antonio and Dallas homes have dropp'd in value from their peak. of course not at the levels of FL or CA.


Old Red Mcombs is taking a 20 million dollar hit on his project off Broadway in Alamo Heights, San Antonio with units 3000 sq feet starting at 900k and up.

I can name a shit load of empty RE and lower price's across the board as I have access to CO-STAR and MLS.

So, not sure where you use to build homes....but Texas is not immune. There is massive empty inventory on both Used and New Homes and New Home builders are going outa business fast.

The most recent Texas RE report from SABOR and it's committees around TEXAS ...FUCKING HORRIBLE NUMBERS.

The only shit mov'n are homes in the 80 to 120k range.

So, who ever your talking to must only build 8 houses a year and they must deal with the wealthy as in "Pre-designed".

Lending is down huge as most can not qualify for homes.

Lets not even talk about empty commercial
space in and around Texas or Bankruptcy fillings to protect against creditors. If you have access to CO-STAR...I would talk a look if I were you.

So, I believe someone is shoveling some nice Long Horn Shit your way.....blowing smoke up your ass in other words.

 

[Emil Kraepelin]

Quote from volente_00:

FWIW I would go with Allen over Plano.

Agreed. And I live in Plano. Frisco is also nice if you can afford it.

 

[EMRGLOBAL]

easy commute to houston if you wanted.....

-------------------------------------------------
EASY LOOOOONG COMMUTE......2 hours at least if not more.

I Fly to Houston on business from SA. I use to drive for meetings but it would take me 2 hours from Houston City limits, on 10 heading into downtown Houston. Total 5 hours to get to Houston.....which is a Drive to Dallas from SA.

I like Houston...but man, if you have to commute....no way.

 

[Maverick74]

Quote from BSAM:

LOL...You'd argue with a fence post man.

Just move to San Luis Obispo. Problems solved.

No, a fence post doesn't give me the satisfaction. LOL.

Yeah sure San Luis Obispo will solve his climate problems. He'll have a new problem called bankruptcy. LOL. If the taxes don't get him, his mortgage will.