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Old 09-08-2015, 02:56 PM
 
345 posts, read 810,629 times
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Looking for townhouse on $300K budget, but not interested in suburbs and want to get as close to inner houston as I can. Which would be the best places? Would inside 610 loop such as Braeswood be possible at that price (in non-ghetto area too)? If not, which is the next best area?
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Old 09-08-2015, 03:34 PM
 
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Wait for market to relax as the oil and gas price really starts to impact the market. Could be felt about a year from now.
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Old 09-08-2015, 04:18 PM
 
Location: Houston, TX (Bellaire)
4,900 posts, read 13,736,420 times
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300k or in the 300s? They are building these townhouses in Oak Forest which is about as cheap as you can get in the area: 2006 F Lou Ellen, Houston TX 77018 - HAR.com
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Old 09-08-2015, 05:30 PM
 
Location: Houston, TX
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Downtown lofts can be had for less, but HOA dues are large.
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Old 09-08-2015, 07:43 PM
 
Location: Houston
5,614 posts, read 4,941,546 times
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Quote:
Originally Posted by Oildog View Post
Downtown lofts can be had for less, but HOA dues are large.
Because those are condos, not townhomes. Condos traditionally have much higher monthly fees, because the association has to maintain the whole structure.

I'm not sure what the OP defines as "ghetto" but I would look at the scattered townhome developments in the Northside, SW 5th Ward, 2nd Ward, and Riverside Terrace.
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Old 09-08-2015, 11:24 PM
 
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77025 South West part of inside the loop that has a few town homes $325K and less
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Old 09-09-2015, 04:07 AM
 
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Op check on HAR.com. Be careful with monthly fees. They usually list them in the description.
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Old 09-09-2015, 06:50 AM
 
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What about checking out the EaDo area and area around the Dynamo Stadium? There are some new condo developments there that range in price.
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Old 09-10-2015, 12:06 PM
 
345 posts, read 810,629 times
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Quote:
Originally Posted by johnadams View Post
I'd advise you to wait another year. prices are coming down, don't be a bag holder and buy at the peak of the market. I see at least another 20% drop in prices, because they were ridiculously high to begin with - many speculators and investors who snapped up homes five years ago are now selling before the real estate market crashes, especially those cash-rich folks from China. Their economy is tanking and they are getting out.
what are the reasons you believe they will come down? my friends think there's no way to tell right now
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Old 09-10-2015, 01:27 PM
 
34 posts, read 52,790 times
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Default Wait for a year

Quote:
Originally Posted by johnadams View Post
I'd advise you to wait another year. prices are coming down, don't be a bag holder and buy at the peak of the market. I see at least another 20% drop in prices, because they were ridiculously high to begin with - many speculators and investors who snapped up homes five years ago are now selling before the real estate market crashes, especially those cash-rich folks from China. Their economy is tanking and they are getting out.
I agree with the other posters, I started a thread predicting a housing correction. A lot of people disagree, but with the Oil industry slacking it would be prudent to wait, there is a ton of construction going on, depending on how large you want, I would suggest the 3rd ward area, west of 288. Right now your looking at 140-160 $/sq ft, but I think it could go to closer to $120 in a year. Happy hunting.
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