Economics of Texas

Quote from EMRGLOBAL:

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

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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......
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Brotherman, are you trying to tell me that it takes two hours to get from Highway 6 to downtown Houston, TX?
 
BASM.

Man, I have hit traffic right at city limits coming in from SA, heading down town, I has takn' me 2 hours....just to pass under 635...heading down to the ball park area....

Not kidding. This was at 3:30pm.

Of course late night or super early before rush hour I can get to H-town in like 3 hours...
 
Quote from EMRGLOBAL:

BASM.

Man, I have hit traffic right at city limits coming in from SA, heading down town, I has takn' me 2 hours....just to pass under 635...heading down to the ball park area....

Not kidding. This was at 3:30pm.

Of course late night or super early before rush hour I can get to H-town in like 3 hours...
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It's "BSAM".

Are you sure you were in Houston? (There ain't no 635.)

Maybe your watch hasn't been calibrated lately. Or, maybe you were someplace else; like, uh, Dallas.
 
What is the Hwhy that loops around Houston.....you can jump on it and go around or head down to the coast?

635 might be the one around Dallas.

Whatever the one is as you come in from 10 west and you can jump on to take you around H-town.
 
Quote from EMRGLOBAL:

What is the Hwhy that loops around Houston.....you can jump on it and go around or head down to the coast?

635 might be the one around Dallas.

Whatever the one is as you come in from 10 west and you can jump on to take you around H-town.
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Err... mabee 610 ?? Or take the Beltway ?
 
Quote from EMRGLOBAL:

I am a former homebuilder
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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.
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No offense but SA is a $hithole.

And you wonder why juan does not want a 3000 sq ft house there ?


Bout neck and neck with houston.





I built strictly custom homes 200 - 500k.

I exited before the downturn.


The last one I built in 2005 is now worth 20% more on the market right now.



We never got the crazy ramp up in prices like cali, nevada and florida did.



And what is a commute ?


That is for people with jobs.



:)
 
Quote from volente_00:

No offense but SA is a $hithole.

And you wonder why juan does not want a 3000 sq ft house there ?


Bout neck and neck with houston.





I built strictly custom homes 200 - 500k.

I exited before the downturn.


The last one I built in 2005 is now worth 20% more on the market right now.



We never got the crazy ramp up in prices like cali, nevada and florida did.
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Where in TX did you build custom homes?
 
Very interesting thread, since I live in N texas. Now you must have heard of the 2 news articles lately.

1: the state budget is 15 billion short in the next 2 years. they need to cut 20-30% of teaching jobs.

2: the census shows Texas has grown the maximum... Mckinney grew 141% . wow. but its a small city to start with.


about keeping a house in texas. One thing we pay a lot in utilities and taxes. once couple of friends were comparing. 2002 to 2005 period . Orange county home.
botfor 500K. appreciated to 800K. but he was taxes 1% on 500K. annual prop taxes 5K. and year round utility. no need for lot of A.C . heater was ~ 500 $

the house in Flowermound. (dallas). bot for 260K.. appreciated to 300K
property taxes hoa close to 8000 p.a. utilites. were 3-4K per year.. in summer . my freind for his massive lawn. pay like 200 on water. . plus lot of miscellaneous costs add up..

from this thread. i hope folks know we pay the highest property taxes in the country. plus highest sales tax.. but we have no state income tax. Once , an outsider mentioned the reason we have to pay a lot to schools is that each county has got like 20 school districts with superintendents. etc.. and most important. football team. which is more important that religion. ha ha.


120 million spent. ha ha

http://highschoolsportsblog.dallasnews.com/archives/2010/04/if-drawings-are-any-indication.html


being a home owner, for some time, i do partially agree to better be a renter.. if u look at it. a darn house.. things always need maintenance. u literally need 3-4K a year for unforseen issues. garage door.water heater... suddenly possum in the attic. pests. termites.. foundation problems.. murphy's law... u name it. and it will happen.
 
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