I would consider the proper value of a property to be the inflation adjusted value from about 1998, unless there are other factors.I lived in Houston in the middle 80's when people mailed their keys to the mortgage company.

When we bought our last primary residence in Houston the Realtor and loan officer looked at us pretty funny as the purchase price was about 83% of one year's GROSS INCOME.

I ran an urchin report with my domain provider and discovered that the hits were coming from individuals using the search terms, "short sales houston".

I live in Houston.

Houston seems to be doing well after all the dust settles with this huge FBI thing that just happend...They arrested some 38 people that were all working a real estate scam operation down here..its a huge mess right now as far as forclosures go...

We had rescued her from a Special Pals place in Katy (Houston) TX when she was a year old.

I told my buds that one was a big hitter for (large, Houston based computer company) and the other was a software designer for (big, Houston based software company) and while both had excellent taste in homes and cars neither knew jack about handling money.My buddy said; "well, you may be a slumlord, but at least your slums are on golf courses".

Another Note:I recently found a property Northwest Houston, in the Old Oaks subdv., selling for $270,000.

Hello Everyone,My name is Ann and I am an Interior Designer and Home Stager in Houston.

Glad I didn't buy property in Houston in the early 80's!