Houston Market - Network Building

[Vinh Tran]

Hello, My name is Vinh and I'm an investor located in New York. I'm thinking about expanding my business in Texas - specifically in the greater Houston area. Would love to connect and discuss the various real estate micro-markets here - in terms of job development, hot areas, growth, etc. Looking to build a strong network of like-minded investors. Let's talk!

[Mark Sewell]

Is that really a sign of health, though?  The fact that we have almost no supply, particularly in the lower price points, that's the story here.  It's not that demand is amazing.  Demand is stable, it just never went anywhere. Then you lock people down for a month or two, right before the summer months when the market is always red hot anyway...  

No we stop building houses for 3-4 years (2008 to 2012) and when we do start building houses again, we cannot build them for less than $225k and most of them are being built at or above the median.  There IS no affordable housing being built, not here in Houston anyway, and there are only so many qualified buyers for the ones that are getting built.  

Less houses getting built, very few of them below the median, and a relatively small chunk of the population can qualify for those mortgages.  The median home price simply HAS to climb steeply... right?  How can it not?

Expect to be shelling out over $200K for those crappy 3/2 patio homes that used to cash flow so nicely.