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Old 06-14-2023, 06:46 AM
 
10,864 posts, read 6,467,480 times
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everyday I receive listing of houses for sale in HoustON,Richmond,Rosenberg,they are older houses and asking $250K?
3 bedroom,good condition based on description and pictures,why?
average is 20-30 years old
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Old 06-14-2023, 08:59 AM
 
Location: Houston, TX
1,658 posts, read 1,240,847 times
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Majority Hispanic population #1. Exurban location #2. Then…

Probably needs new roof, HVAC, water heaters, paint, floors.

Bathrooms and kitchen probably smell bad and need a complete overhaul.

Foundation may have damage.

Maybe little things like light fixtures, fans, switches.

You get what you pay for. But you may be able to make some decent sweat equity.
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Old 06-14-2023, 09:45 AM
 
4,344 posts, read 2,801,951 times
Reputation: 5273
Quote:
Originally Posted by detachable arm View Post
Majority Hispanic population #1. Exurban location #2. Then…

Probably needs new roof, HVAC, water heaters, paint, floors.

Bathrooms and kitchen probably smell bad and need a complete overhaul.

Foundation may have damage.

Maybe little things like light fixtures, fans, switches.

You get what you pay for. But you may be able to make some decent sweat equity.
Wouldn't that be true for other cities too?
All cities have fixer uppers but if it was just a matter of you get what you pay for, wouldn’t other cities have a ton of those too?
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Old 06-14-2023, 10:23 AM
 
Location: Fulshear, TX
305 posts, read 265,220 times
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If you think they're cheap now, you should have seen them 10 years ago when they were under $100k
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Old 06-14-2023, 11:17 AM
 
Location: Austin Metroplex, SF Bay Area
3,429 posts, read 1,559,759 times
Reputation: 3303
To answer the original question....

Desirability

Who wants to live in an area that has....

-oppressive heat and humidity

-excessive sprawl (traffic)

-hurricanes and flooding
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Old 06-14-2023, 11:23 AM
 
4,344 posts, read 2,801,951 times
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Quote:
Originally Posted by blameyourself View Post
To answer the original question....

Desirability

Who wants to live in an area that has....

-oppressive heat and humidity

-excessive sprawl (traffic)

-hurricanes and flooding
A lot of people. It must be the most desirable metro in the 2000's since no other has gained more people
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Old 06-14-2023, 11:26 AM
 
976 posts, read 1,055,850 times
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Quote:
Originally Posted by mojo101 View Post
everyday I receive listing of houses for sale in HoustON,Richmond,Rosenberg,they are older houses and asking $250K?
3 bedroom,good condition based on description and pictures,why?
average is 20-30 years old

Texas, and particularly the Houston metro, has some of the highest property tax rates in the country.



This keeps houses low because residents are obligated to pay xx% of taxes every year.


Plus the Houses in Houston are built with cheap illegal labor (go to any construction site) and the city has VERY relaxed standards from a code and quality standpoint.
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Old 06-14-2023, 11:34 AM
 
Location: Austin Metroplex, SF Bay Area
3,429 posts, read 1,559,759 times
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Quote:
Originally Posted by atadytic19 View Post
A lot of people. It must be the most desirable metro in the 2000's since no other has gained more people
Uh huh and if it was more popular, prices would be considerably higher (but they aren't). It's much more a matter of people putting up with it because of the low prices.
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Old 06-14-2023, 11:48 AM
 
3,142 posts, read 2,044,970 times
Reputation: 4888
Quote:
Originally Posted by blameyourself View Post
Uh huh and if it was more popular, prices would be considerably higher (but they aren't). It's much more a matter of people putting up with it because of the low prices.
Ha. Houston is still more affordable than most metros, but its not all that cheap anymore if those things bother you. Personally, I don't mind the weather at all and prefer it to a lot of places. Many other people feel the same way.

The real answer is simply that Houston builds more than any other metro other than maybe DFW. Simple supply and demand. Lots of both here, but more new housing supply than essentially anywhere else. That pushes existing housing prices down.
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Old 06-14-2023, 12:01 PM
 
Location: Austin Metroplex, SF Bay Area
3,429 posts, read 1,559,759 times
Reputation: 3303
Quote:
Originally Posted by Mr. Clutch View Post
Ha. Houston is still more affordable than most metros, but its not all that cheap anymore if those things bother you. Personally, I don't mind the weather at all and prefer it to a lot of places. Many other people feel the same way.

The real answer is simply that Houston builds more than any other metro other than maybe DFW. Simple supply and demand. Lots of both here, but more new housing supply than essentially anywhere else. That pushes existing housing prices down.
I doubt seriously Houston would get high marks on any survey regarding their oppressive heat. And supply definitely outpaces demand.
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