Houston in the midst of "upscale rental construction boom" -Chron (Katy: townhomes, living in)

[SouthernBoy205]

Originally Posted by theSUBlime

Exactly. All the complainers need to learn that when it comes to urban, "cheap" and "nice" are not possible.

Not all the time.

[theSUBlime]

Originally Posted by SouthernBoy205

Not all the time.

I'd like to see a good example.

[NYer75]

Originally Posted by LizzySWW

Todays upscale apartments are tomorrows slums in this city.

This isn't good news, IMO.

Wrong. Upscale buildings are being built in established and prime locations. You are assuming because they are rentals, that somehow they will become slum. But the most important thing in real estate is location.

You think a rental in these proposed neighborhoods are going to rent for $450 anytime soon? Don't think so.

[NYer75]

Originally Posted by HtownLove

don't forget this part in bold:




I agree with Lizzy and the others. I would much rather a flood of townhomes and other low land area consuming homes instead of apartments.

People don't take pride in what they own no matter how upscale

WHAT???! People don't take pride what they own no matter how upscale? You have to be kidding me right?

FYI, I am an "Upscale" renter. I CHOOSE not to buy in Houston, because I will be relocating to Miami in a few years.

My building is beautiful. My neighbors are great people who are professionals who take great pride in the complex and their apartments.

You think someone spending a lot in rent is not going to take pride in their place of residence just because they don't own the unit?

I will be damned if my complex is not properly maintained after all the rent I pay. My apartment is more beautiful than a lot of home owners who have "pride of ownership"....trust me.

So stop with the stereotypes already.

We are talking upscale/luxury rentals here, not $400 apartments in Sharpstown.

[Vicman]

One factor, IMO, is the economy. Unless a drastic change occurs, and as long as there are still a long supply of yuppies and dinks, the apartments should remain fine. Also it helps if the apartment builders planned for changes in the long term.

Also remember that the 1989 Fair Housing Act is already in place. Developments before then didn't take into account the 1989 act

[TimBomb]

Originally Posted by NYer75

WHAT???! People don't take pride what they own no matter how upscale? You have to be kidding me right?

FYI, I am an "Upscale" renter. I CHOOSE not to buy in Houston, because I will be relocating to Miami in a few years.

My building is beautiful. My neighbors are great people who are professionals who take great pride in the complex and their apartments.

You think someone spending a lot in rent is not going to take pride in their place of residence just because they don't own the unit?

I will be damned if my complex is not properly maintained after all the rent I pay. My apartment is more beautiful than a lot of home owners who have "pride of ownership"....trust me.

So stop with the stereotypes already.

We are talking upscale/luxury rentals here, not $400 apartments in Sharpstown.

you know that houstonians JUST HATE renters right? (and also other newer neighborhoods) these guys have been doing the home appreciation rain dance for decades

[testmo]

i think the average houstonian is probably not familiar with paying $2k+ for renting an apartment. i agree upscale nowadays in how well houston is doing for people with good jobs is not similar to what was being built/going on in the 1960s and 70s. that was still an era of massive suburban flight. if they turn into slums in my lifetime it would reflect something way worse than 1930s era depression for Texas. if that is the case we'd all be in crappy apartments

faster growing poverty and depression in the suburbs than the cities on the national level. i'd worry more about all the new built homes out there

[NYer75]

It seem natives are stuck back in the 70s and 80s when it comes to rentals. This is the 21st century people. Not everybody wants to be stuck with a house and stuck in one city. In the meanwhile, I want a very nice place to live. And it's not the suburbs!

[NYer75]

Originally Posted by testmo

i think the average houstonian is probably not familiar with paying $2k+ for renting an apartment. i agree upscale nowadays in how well houston is doing for people with good jobs is not similar to what was being built/going on in the 1960s and 70s. that was still an era of massive suburban flight. if they turn into slums in my lifetime it would reflect something way worse than 1930s era depression for Texas. if that is the case we'd all be in crappy apartments

faster growing poverty and depression in the suburbs than the cities on the national level. i'd worry more about all the new built homes out there

Right.
The trend is (across the nation), folks are wanting to live close to work in city centers/downtowns. People want to be in the city for convienience. Less commute times, less money on gas/public transportation.

Some old folks need to realize that the "white flight" to the suburbs is SOOOOOOO last century. People want to be in the city. And people are willing to pay the price. You figure with the cost and time savings of not living in west bubble #%&#, you can get a really nice place in the city with all the amenities that city has to offer.

[HtownLove]

Originally Posted by NYer75

WHAT???! People don't take pride what they own no matter how upscale? You have to be kidding me right?

Chill out dude, I forgot a word. I forgot the 'don't'. I meant people don't have pride in what they don't own.