Dennis Smith
Question about values after a natural disaster
11 October 2024 | 12 replies
As a side note, Floridas current insurance issues are mostly caused by other factors besides the increase in severity and frequency of natural disasters however (roofing scams and no caps on lawyers fees for claims, both results of bad government policy that resulted in most insurance companies leaving the state and the remaining ones raising rates to account for having to pay for all of the roofing scams and absurdly high attorney fees on simple claims).
Patricia Andriolo-Bull
Airbnb limitations to cancel appropriately for the hurricane
11 October 2024 | 9 replies
When this Policy applies, guests can cancel their reservation and receive a refund, travel credit, and/or other consideration regardless of the reservation’s cancellation policy, and Hosts can cancel without fees or other adverse consequences, although their listing’s calendar will be blocked for the dates of the canceled reservation...What Events Are Covered...Government travel restrictions.
Ryan Rabbitt
Employer does not match 401k - should I invest?
14 October 2024 | 24 replies
No stock screenings, no work, set it and forget it, exposure to a broad range of good companies and different sectors of economy.
Kegan Brenner
What does diversification look like to you!?
14 October 2024 | 37 replies
We laddered the payoff waterfalls to re-deploy into different RE sectors or equities or whatever seems most attractive.
Frank Barletta
Houston: Gross Weather, Lovely Investing
9 October 2024 | 9 replies
The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%).Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.
Chris Brightwell
Kissimee Florida investors
7 October 2024 | 9 replies
The market has softened as a result of higher prices and higher interest rates.Jobs in the zip code are mainly in the services sector, including retail, hotels, restaurants and entertainment and some light manufacturing.
Sanjeev Advani
CAA Opposes Extreme Heat Bill Over Costly Air Conditioning Mandates
8 October 2024 | 1 reply
The bill, introduced by Assemblyman Isaac Bryan (D-Los Angeles), would require local governments to update hazard mitigation plans to address extreme heat by January 1, 2028.CAA’s concerns center around the potential for costly retrofitting mandates, particularly for older buildings not equipped for modern HVAC systems.
Adam H.
Another Newbie Saying Hi!
9 October 2024 | 3 replies
I'm lucky to have a stable government job with a decent salary.
Sanjeev Advani
OpenAI's Expansion Fuels San Francisco’s Office Market Recovery
7 October 2024 | 0 replies
With a workforce that has more than doubled and a $6.5 billion funding round in the works, OpenAI is set to continue its rapid growth both in San Francisco and globally.This move underscores the AI sector’s role in driving office space demand and economic recovery in the city.
Mason Field
Real Estate Investing in Northern VA
9 October 2024 | 3 replies
You could consider house hacking to reduce out of pocket expenses.It’s definitely an appreciation play not a cash flow play but with the federal government here appreciation is consistent - you won’t get super high appreciation like some places but also don’t get high depreciation as well.