First and formost, most of the state of Texas is Waste Land. Go west and it isn't worth the dirt that you drive on.
Second. Real Estate Values have toped in places like Dallas and Houston. Regardless of what "Residents" say. Just pull up the MLS and do a CMA. Also look at how much inventory the City of houston is holding in new projects/homes In Fact, Houston money is leaving faster than you can shout...GET OUT OF DODGE. They are moving into the Hill Country. Places like Boerne Tx.
HAL set a trend. Oil and Gas companies are looking to re-locate to DUBIA. They may leave some of the opertations behind but it will hurt the Texas Economy eventually.
OIL isn't as abundent as the day's of "DALLAS" tv show.
Ranchland is being sold like crazy from the South area of Texas up to San Antonio. TRAN-TEXAS CORRIDOR... .enough said.
San Antonio is a hot market place but has it's problems. 70% of the population is Tex-mex and 80% of them are un-educated. Hence, SA is the "Call Center Capital", cheap wages, (average wage is 35 thosand and average home is 120k.) However, Disney, Microsoft, and the PGA are coming. PGA village will be live by 2008/9. Disney, by 2010 or so. SA is probably the one spot where Real Estate will continue to appreciate, for the next few years.
Austin, is HIP but it has slowed as well. Round Rock and Lake Travis are where a lot of Real Estate can boom but the City of Austin has a few loft projects on 2nd but nothing huge. It is a nice city however and a great place to meet the intellectual crowd.
Dallas Players are comig into SA and working on Commerical Projects and telling me that Dallas is "Fully Vested" at the moment.
Sub Prime has hit Texas Hard and TREC and TRELA are releasing numbers that are such as "50% of the banckruptcy cases in SA are Forclosures.
One thing I noticed about Texas, is that no matter what the "Facts" are, they are PROUD and definilty want to be a LONE STAR STATE. If you don't bleed Orange.....you don't bleed.
One Final observation.. Texan's are mad as hell because Yankee's like me have come to the LONE STAR STATE and are getting a piece of the new "GOLD RUSH".
But hey, TEXAS may be the only place $$$$ can be made while the East and West, take a breath for a few years.
Second. Real Estate Values have toped in places like Dallas and Houston. Regardless of what "Residents" say. Just pull up the MLS and do a CMA. Also look at how much inventory the City of houston is holding in new projects/homes In Fact, Houston money is leaving faster than you can shout...GET OUT OF DODGE. They are moving into the Hill Country. Places like Boerne Tx.
HAL set a trend. Oil and Gas companies are looking to re-locate to DUBIA. They may leave some of the opertations behind but it will hurt the Texas Economy eventually.
OIL isn't as abundent as the day's of "DALLAS" tv show.
Ranchland is being sold like crazy from the South area of Texas up to San Antonio. TRAN-TEXAS CORRIDOR... .enough said.
San Antonio is a hot market place but has it's problems. 70% of the population is Tex-mex and 80% of them are un-educated. Hence, SA is the "Call Center Capital", cheap wages, (average wage is 35 thosand and average home is 120k.) However, Disney, Microsoft, and the PGA are coming. PGA village will be live by 2008/9. Disney, by 2010 or so. SA is probably the one spot where Real Estate will continue to appreciate, for the next few years.
Austin, is HIP but it has slowed as well. Round Rock and Lake Travis are where a lot of Real Estate can boom but the City of Austin has a few loft projects on 2nd but nothing huge. It is a nice city however and a great place to meet the intellectual crowd.
Dallas Players are comig into SA and working on Commerical Projects and telling me that Dallas is "Fully Vested" at the moment.
Sub Prime has hit Texas Hard and TREC and TRELA are releasing numbers that are such as "50% of the banckruptcy cases in SA are Forclosures.
One thing I noticed about Texas, is that no matter what the "Facts" are, they are PROUD and definilty want to be a LONE STAR STATE. If you don't bleed Orange.....you don't bleed.
One Final observation.. Texan's are mad as hell because Yankee's like me have come to the LONE STAR STATE and are getting a piece of the new "GOLD RUSH".
But hey, TEXAS may be the only place $$$$ can be made while the East and West, take a breath for a few years.
