Houston apartment supply higher than demand in 2015

I hate appeals to the authority of random rich guys. Who cares? There's other rich guys who also qualify as smart, and by smart here, we mean "rich" who are on the other side of his trade. Nobody knows with certainty, and if they did, they wouldn't be blabbing about it on TV.

 

True, but the fact is houston cannot sustain the housing growth with the way oil prices are trending currently. There won't be any burst but don't expect prices to go up.

 

I think the thing is, supply as been lower than demand for the past couple years. You are now seeing supply finally reach and exceed demand. Slowdowns in housing general happen around the winter time as people do not want to move during the winter. It will be interesting to see the numbers in the Spring/Summer.

Just like The Woodlands has Exxon to the south, there has been plenty of corporate expansions in the energy corridor and westchase that will keep demand up for housing in Katy/Fulshear/North Richmond.

Also, even though office is slowing down (can't boom like the last two years forever and new construction is being completed), you still have other ancillary areas like hospitals, schools, retail, etc., that still need to be constructed for all of the new people that are filling in those office towers. Right now, there is a huge boom in all of the support construction. Similar to how the medical center boomed in the early 2000s, there is talk of another R&D area just immediately to the south, for example. Having said that, Houston still leads the nation in office construction by a wide margin.

So even though the former mobster Tillman Fertitta claims that an 80s bust is coming soon for Houston, I have a hard time believing him. He just wants to pouch on properties tbh.

 

You clearly don't read his posts on HAIF....this is his m.o. and it gets pretty tiresome.

 

If I thought you were sincere in your "constructive criticism" I'd have no issues with your posts. Unfortunately you try to pass a lot of biased information as fact and are unrelenting in your refusal to hear anything that goes against your preconceived notion. Your idea of constructive criticism is really just criticism.... constructive implies that you actually provide some insight into addressing said critique. "GHP lol" hardly counts.

 

Moot point since not all of those 24,000 units will be completed next year...

 

1) What percentage of Houston jobs are oil jobs?
2) What percentage of those oil jobs are even dependent on high oil prices?

 

India?

 

Yes but what does this mean the the 30k Millionarios?

 

Not sure if trolling, or if you really think that SWT = "sweet."

 

exactly

It has always stood for supreme wang tickler

 

This holds for the market average or for every single complex?

 

Disagree. It all depends on your situation. If you can find a house you like in a part of town you plan to live in for the long-term then it does make sense to buy. When your mortgage is up you will no longer have significant living costs. You can also gain an asset to pass to future generations.

You don't need to rent your house for it to be an asset. Just live in it long enough. Unless you die you are going to have to live somewhere.

 

I absolutely meant to imply it was situational. I was just attacking the perception that home buying is good in general. I was replying to a specific post that stated he couldn't make the buying vs renting numbers work and I suggested it was probably because they didn't - in his case specifically...

Assumed it was clear, especially since I posted about owning a house myself.

 

not Single White Transexual?

sorry SWTsig - couldn't help myself. I went to southwaste too so I get a hall pass

 

Jesus move them to Austin

 

Supple Wrinkly t***

 

i pay $400 a month for a 1 bed/bath apartment. i sure hope these new apartments get built soon because i cant afford to live anywhere safer in this city.