CRE Markets As Hot As the Texas Heat
[{"id": "cu93h1a", "text": "This is due to a couple factors.\n\n1. CRE taking a larger share of investment with the oil and ancillary industries crashing.\n\n2. Sunk Cost Projects being rushed to market since the economic effect on RE is often delayed.\n\nI'd be very hesitant to invest in most areas in Texas right now. Maybe Dallas but definitely not Houston. Most multi-family have started offering move-in incentives of 2 months free and are sitting half empty. ", "replies": [{"id": "cu9g8rv", "text": "Yep. I'm a property tax analyst in Houston and these are pretty much my exact thoughts. Our multi-family clients are definitely concerned.", "replies": [{"id": "cu9llpk", "text": "I think y'all are spot on in terms of the Houston market. \n\nWith oil at $40 a barrel, Houston is the first city in Texas that will see some trouble. \n\nThat said, the Dallas market has diversified itself away from oil and gas - primarily with the relocation of many fortune 100/500 companies moving their headquarters into the city. Toyota, State Farm, Chase, Etc. \n\nI'm much more bullish on Dallas than Houston. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]