Houston housing increasingly unaffordable, researchers say 

I agree

Facts

I so agree with u. Houston have way to many new people coming here.

It really is . Traffic has gotten worse

I agree ,too much traffic in Houston

Facts

THIS!!!!!!!!

Since when? It’s been this way since the pilgrims

And that’s the issue. Corporations buying property and edging out homebuyers

Exactly nationwide. Many people complain n blame CA

Well certainly not ted cruz or abott

They’re probably some of the landlords (slumlords) themselves lol

The Government is not coming to save you.

Are you sure the government is the solution? The most expensive cities in the US to own or rent a home are the the same cities that have the most regulatory influence of the local government when it comes to low income housing, zoning, squatters' rights environmental impact studies, etc. It is a supply and demand issue but people just want to blame a big corporation or government because it is easier then having to understand basic economics.

Politicians caused it and now you want them to do more damage 🤡🤡🤡

I'm all for helping BUT They cut covid rent relief. As a result I lost my job. "Due to funding" And there are so many people still in need of help. And now I'm one of them. Things just dont add up 🤷‍♀️

They don't wanna do that. They wanna push the poor agenda as much as possible. It's all greed and happiness for them while the population suffer.

Nah we dont have money for that.

Russian troll

Heck no, how will politician buddies that own the military complex buy their new yacht?

Mississippi is already booming!

Yup, it’s happening to all the boom towns like Phoenix and Houston.

Blooming in the Deep South ain’t it.

We are halfway there to look like "woke" LA.

Yeah the south has always been the cheapest,but soon as we get people moving down here who moved out in the first place, prices will rise and we will be back in this situation with no answeres but to pull yourself up by the boot straps

Dude 1400 sq ft is a lot. I have a similar sized home. 3 bed 3bath. 2 story with rooftop deck, two balconies. But 300,000 is way too much for a house. Everyone move to smaller cities in Arkansas, Mississippi, Alabama, Kansas and Missouri. Texas is getting too expensive.

@@danieljones1784 then we would still be traveling back to Texas cause those areas don't have good as jobs, I moved to Texas for that reason alone

@@danieljones1784 . 1400 square foot is enough for one person and a goldfish in a bowl.

True

@@dark12ain I think I would rather have a crappy job in those areas and have a roof over my head vs a good job and living out of my car if I was living in Austin or Dallas. Houston as far as I know has decent home prices for renting and buying. I used to live in San Antonio as well and they have decent home prices. I ended up moving abroad in January 2020 before the pandemic started and I made the right decision for me at least.

Exactly might as well move to prairie view Texas and commute that hour or 2 hours depending on traffic commute

@@dark12ain as gas prices and inflation are rising

If you are on a fixed income I thought you could live anywhere

@@joyaustin6581 try it and see

Broke ☝️

We not gone talk about the extra fees they make you pay just to pay your rent like why do I need to pay an extra cost just to drop off my money order

@Jesus is LORD I may not be a "Christian" but I respect all people's religious beliefs and thank you for this beautiful passage. ❤ May God keep blessing you and your family and keep you all safe during these trying times. 🙏

@@dark12ain, what kind of extra fees?

those $50 fee is used to run the background check. Unless we can make the background check free, how to check it?

@@peterhua5211 why so high? You can't make the fees smaller? I have looked over numerous background check sights and the most I've seen per month charge for service is around $100 dollars, so you mean to tell me you only do two background checks a month? I don't think so. Let's be honest here your making a profit off these fees. Don't try to justify the amount charged when it's public information that it really doesn't cost you that much and your making money off of it. I'm so sick of landlords that take advantage of people who just don't know the information that's available. If your one of thoes landlords doing this especially right now knowing families are struggling then your part of the problem and I have no regrets in what I have said. Take it how you want I'm just stating facts. Edit : not "the most I've seen ," when averaged its around $100 .... seen some as low as $29.99 a month and seen some as high as $130 a month. Just wanted to make that clear as I know someone will point it out as wrong.

US needs to stop sending weapons to Ukraine and tell the idiot Zelenskyy to negotiate for peace. At this rate all the homes in Ukraine will be destroyed and the victory will be for nothing.

The Ukraine thing is another leftist grift just like the scamdemic was.

Charities that raise money for Ukraine are also bs. Not even 5% of that money will actually go to helping Ukrainian refugees. Charities raise that money just to get bonuses and payouts to their executives and directors.

@@adanlopez1011 Now you're talking. Absolutely correct. An example at home was when the Red Cross had all these sandwiches made that nobody wants them and had to be thrown out. Or they had the Red Cross trucks to be driven around so people can see them during a disaster. The money that they didn't waste went to the executives pay raises and bonuses.

Lets them abandoned and nobody rent them. We need Islamic Emirate states of America and truly freedom for all. you are typically about me and me only. Grow up, do you think you are the only one having financial hardship and you want make thing worse than it is. You do know there millions even billions of abandoned homes all around the world. Italy, Detroit, Istanbul and china. What we need is stronger adverse possession and faster quiet titles and deeds. You can always abandoned and allow other who are willing to take care of the property. Paper ownership is a joke. Most greedy rental property owners dont even live in the property and the communities. We must abolished so call paper ownership. The real owner is the one living the property. For example, in ukraine , many paper owners abandoned and renter soliders fighting for their country. It's fair after the war the paper owners come back to what the renter fight for. Who is the real owner? Soliders that defense the lands or paper owners that fleed?

I agree. This happened in NYC, Boston, San Francisco, Seattle, Portland, and now it's happening all over the country. The average income for a two income family is 50,000 which equates to around 1300-1400 a month. The average cost of a two bedroom in the US is somewhere between 1800-2000. So, most housing literally is not affordable. It's a fact. They are charging too much for these rents because they can get away with it. We already know that Public housing doesn't work, it just creates ghettos. We know that rent control doesn't work. We know that building new housing does not work as it just increases the market value of the entire area and forces people out. We know that giving people easier access to mortgages also doesn't work as we saw in the 2008 housing crash. Some kind of tax incentive to encourage lowering the rents on apartments and a tax penalty for having rents above a certain price might be a possible solution. That's the only thing that I can think of.

You must stay in my apartments in Houston cause everything you pointed out we going through right now in my aprtments, it pisses me off, they haven't done repairs to the apartments in so long that alot of the balconies have fallen in, I know with mines I was showing my office people the other day that my support beam is rotted out, you can push the paint and it just mushes in.

@@dark12ain be a smart investor. Let's them abandoned and vacant the property. There are millions even billions abandoned around the country. Use the laws have been created over 100 years ago. Adverse possession

@@Dc-sl3up this is my first apartment I know nothing about anything when it comes to these things

@C probably China

@C retired to beautiful Mexico. The U.S wants everyone to believe mexico is bad. There's over one million of us over here. When you find out how mexico truly is, you'll leave the states. Trust me.

Policy made, the free market isn’t truly free market.

Most of Houston is zoned exclusively for single family houses. When you don't allow for more units to be built (apartments, townhouses, etc), the existing houses are the only housing units that can ever be built there. This is why houses are attractive investments. They get more scarce over time. If, however, we abolish single family zoning, and allow neighborhoods to thicken up, there will be a surplus of housing and investors will leave.

@@rickg6158 A duplex looks the same as a single family house, just with two front doors. A triplex looks the same, just with three front doors. Adding more units will not make your neighborhood look any different. You just want to keep anyone out that isn't as wealthy as you are. You own your house. You own your land. Not everybody else's.

This is happening nationwide and until everyone understand that we cannot understand what we are facing.

Same for Phoenix and Boise Idaho and Atlanta as I’ve heard. Investors like Blackrock and Blackstone buying real estate.

@@izziestevens5835 My gosh... such craziness. This Inflation situation is going to totally collapse our economy. I wish everyone lots of love and positivity.

@@izziestevens5835, I call them wolf investors.

Well said

I’m Canadian who lived in Houston . The only reason that will not move back to the states is because of healthcare issues !

😅😅😅😅

coming from the interesting thought 😂 ..love this 👍

I couldn't say it better myself

My Lord

New York City: Hold my beer.

It also means "economically insecure" or "they will drag you through the mud if you evict them". Obviously, we shouldn't rely on financially-conservative investors looking for stable cash flow when it comes to building housing.

I am an affordable housing developer. The biggest fight for us is the neighbors. Everyone wants affordable housing just not in their neighborhood

It means keep up with repairs on your property and get a 1099...if they dont want guaranteed rent eff them

@@phoenix5054 You're right, take the cali free money for lazy poor people route. That way we can also have the most expensive housing in the country!

@@godgoldgunsngolf6733 Of course no one wants affordable housing in the neighborhood because it always comes with CRIME.

There’s just not enough houses to go around.

Blackrock and other investment companies swooping in buying up homes and artificially driving up prices.

@@karimbennett5651 how in the world is there not enough housing when we just lost 1/3 of the world's population to covid if the science is correct wouldn't that mean there's less people on planet Earth.

Not really. It's all about zoning laws.

Exactly!

Iv noticed that homeowners will move because their homes get appraised and their property taxes are raised even higher

All the out of State people moving to Texas from everywhere have raised Property Values beyond what local populations income levels can afford furthermore those elevated home prices ,have raised the Property Taxes for those fortunate enough to own their homes beyond what they can afford . TEXAS is coming to the harsh consequences of their Voting choices . For an example during their last Blackout it was shown Texas Electric customers paid over 20 Billion dollars more for their deregulated system over the previous decade than the rest of their neighbors .That didn't include the Billions more in Damages due to the outages . El Paso is excluded because they aren't part of that system. Can anyone guess where Abbott gets massive campaign contributions, anyone ?

Yeah property taxes are truly insane. Taxes cost as much as the property does, we definitely need property tax reform.

@@Gcanno You're free to movie to commiefornia any time you want.

Yep ! I'm in Florida and I do the same! License plates from New York! Alabama! Ohio! All coming to Florida!!

Lmao, same. Such frustrating. We’re full already 🤦🏽‍♀️

The issue I have with this. Is the risk exposure. Housing has too much emotion tied to it. If this corrects? People are upside down. I understand life happens. But buying overinflated assets and saying all hope isn't lost, sounds like more sunshine pumping. I'd encourage to tell clients that starter homes is a made up term realtors spew. The market is either affordable or its not. Trying to buy even just a 270k home on a 70k house hold income is hard as it is. I can't imagine that being done on just 3% down, and with little emergency funds, and covering other costs. Push the budget up to 300k. And they're highly exposed (job loss, recession, sudden health condition, accident, etc). That's house poor. Who can justify that? Affordability is on thing. The risk exposure of people trying hard to get in is another.

I wish those demons would stop coming here too

You cannot out money married people. House were designed around the family.

@@armchaireconomist8648 I disagree, I bought my Houston home, seven years ago as a single, one income buyer, 15 year mortgage. My family consists of myself and two dogs. What I know…is, houses were affordable then, but definitely are not now. Seven years ago decent, starter homes were still to be built/found under $200k. At today’s prices, even I would have to have another buyer with great credit, enough money for the down payment, income to qualify and a willingness to sign up for a 30 year mortgage; for these almost half-a-million dollar homes. And I make an above average income. I just decided to live below my means, but, these homes are out of the price range of most average Houston wage earners.

@@dnh31tlg10too - there is massive migration to TX and Fl. Affordability is going to get worse before it gets better. So there will be short term pain. But one way or another wages and housing will stabilize in the long run.

@@armchaireconomist8648 How/when will wages and housing stabilize? Housing inflation is outpacing wages by almost 30%, and that’s only accounting from home prices in 2020 to 2021! Rental prices during this same time period increased 20%. We can’t even get jobs to agree to pay their minimum wage workers (predominant Houston workforce) $15 an hour. And this elusive wage does not guarantee any ability to rise above ‘barely making it.’ It puts the wage earner above the income threshold for most governmental assistance. If overall inflation continues to outpace wages, I really doubt any stabilization between the two any time soon. I fear for our future generations 😔

From your post above it appears that you have your money right and already own your home. So don't fret about things you cannot control. Focus on what you can control. Keep hustling, things have way of working themselves out Don't watch the News.

We’re hoping they will work in housing construction, which has a labor shortage,

That is because they will live 8-10 people in 1 apartment, until they can afford to get a house.

Cheap labor

Stop putting the blame on people that will never be able to afford a 400K house. Don’t be a beta male

Those who immigrate to the US don’t have access to welfare. If they get it, their sponsor needs to pay the government back 100%. So they can’t get Medicaid, SNAP benefits, or TANF. Only citizens can. Oh and THEIR checks pay for OUR welfare. They can PAY INTO IT, but they don’t get anything out of it until they’re citizens.

Everything you said is 100% true. I’m afraid the housing bubble could pop; 20K+ applicants for assistance... taxes get raised... rent isn’t getting cheaper.. heck, my apartments “promised” to keep us at the same rate but raised unnecessary fees elsewhere so I’m paying market rate.. all politics

@@TheRealHungryJoe thx. "promises" aren't worth a nickel now. all those people in Phoenix this past year who were "promised" to keep their rates the same - and once the housing market went berserk there, they apt owners, gouged like it was going out of style!!. the thousands of renters who had the hammer drop on them - they were the ones who were getting caught at end of apt term and trying to get into a new constructed home and since materials were short, labor was in huge shortage, homes were being pushed out 2-6 mths. which means you have to have a place to live in the interim. those folks - most were given notices that they could stay single month but the rate went up by 5-10x!!! that's beyond criminal. be patient for a home - things come in cycles and if you can stay frugal and thrifty during the next 12-18 mths you could see a treasure trove of someone else's misery hit the market at 60-70% of what they're selling for now. i know a lot of folks who got caught up in the "it's free money basically" conundrum. which is 0% or low interest rates and just going spend happy. now they're about to be eaten alive... the one thing people are finally talking about is the tax issue. what they have avoided talking about in conjunction which is just as big of a hit, if not larger to some folks - is insurance rates. i had a friend who bought a house at $530k - it's now market value at $840k - so $300k+ difference. their insurance this coming year is going to fly to the moon. they are twiddling their fingers to readjust most of these properties and will use the "cost to replace" becomes astronomically higher... if you own your home outright (I do) - then sit tight... if you are in an apartment and really want to buy , man if it were me - i'd wait a good 12-18 mths - let the carnage start and once the snowball starts down the hill, it's going to pick up speed and size... you will be able to come in on the best side of this. gobble up what you want and then give it 1-2 years on that and watch rates start to drop again - then just refi.your term. everything in this country is cyclical. a good point of reference is the FRED. free of charge and you can check out data points on that. all cycles up/down. good luck bro.

BS that will never happened

Gotta love democrat run cities.

@@robertd6925 yeah. In a republican state.

Y’all find anything (California) & anybody (Tech workers) to blame but 90% of workers in Texas are back in the office. Especially in Texas, check the stats. Every state & city is going through the same thing, it’s inflation + the media/public telling or making people believe they’re missing out not buying a home right now.

Our cost of living is quite a bit less than Louisiana and up north as well

That’s true. I’m out of here within the next 5-7 years for sure

Outta here soon too! House has increased in value, but taxes and cost of living has increased too. We live in a 50 yr old 3b2b, 1300 Sq feet. In order to save need to downsize, move out of city, start a garden, less movement.

im already looking to move headed to florida even though its almost inline with houston there are a few areas you can get more for your buck than here and be by the beach

@@Andrembramwell nice...PCB is beautiful, Pensacola, Destin. Car insurance is high, but taxes less.

@@dlazo32696 same

Ur not the only one….I’m an immigrant and, my parents bought house couple years ago but, I won’t be lucky as them …I can’t afford to buy house due to the skyrocketing market….I feel bad for new immigrants ….they come here with so many dreams but, things r not like the old days

👀 if you feel comfortable can you pls dm me more info

I would like info too , if you care to share

I used hotpads. For security. I paid all move in costs through the app.

They want hamsters to keep spinning the wheels.

SCOTUS stinks, too. Oh, and allowing Criminals in our Government is probably self-destructive, do you think? Climate changes include coronaviruses, too. Yikes.

There is plenty of space. Land everywhere. It's a matter of conservation that is the issue.

Then ....one day the whole country might grow some balls and rise.

Tiny homes are the future.

homes in baton rouge and denham springs louisiana are very cheap just make sure they are in flood zone x

@@Sxmt1776 I don’t want to relocate

Understandable. The crime rate is awful!

Mine went up 200.00 in December

@@Seabacon346 wow 200 that’s too much

Both are too much, mine went up $57.

The problem is.....there was a surplus leading up to the 08 crash. Then an even bigger surplus in 09-11 after the defaults. By 2013/14. We swung back into a sellers market. Whether home construction kept pace or not. The two to three years worth of surplus inventory, got gobbled up. Guess by whom? The issue with reporting the lack of construction in that decade, is it ignores why there wasn't new build demand. That's because supply got choked so fast, it was playing catch up.

Npr is propaganda

Money will be worthless too, maybe not 2023, but soon.

sumn ain’t adding up

Debt financing💡

It was affordable until Californians relocated there

@@thaintriguing1 Don't forget ppl from North East and Chinese cash buyers.

@@thaintriguing1 its not only California's the whole world is flocking to Texas. Good Job!

Not to mention the no state tax I’m pretty sure that’s the selling point

How many bedrooms

sounds about right, that would be $3000 in san diego

Wow

@@jm17023. people in San Diego are having to move to Mexico and commute from there.

@@raulnavejar474 that’s crazy

Every city is like that.

It'll hurt corporations, so they won't do anything.

Yeah, where are all those "High-IQ" people we always hear so much about???? 🤣🤣🤣

There's 330 million here. The issue is there's too many people. We shouldn't sacrifice beautiful untouched land just because cities became overcrowded. I'm SICK of new home construction tearing down woods!

@@trans-octopusspacealien8883 Open the borders! Let more flood in! We need vote...uh low priced labor! The rat-like mass breeders are causing all the problems, even the global warming! It's not people having 2 kids, it's the mass breeders having litters instead of a reasonable number that are causing their own problems!

🤣🤣🤣🤣

Corinda I lived at an apartment complex where they charged you everytime it rains.

Im hard working and not middle class. Not even close. So those below middle class are thieves too lazy to work? Think again

@@sugarfree8303 I don't know u . So maybe. U sus asf too this the 3rd or 4th comment of mine u under tf

@DoughnationCreative actually I'm moving to uk or Ireland I've had enough of American corruption. They can have it trust me

Same here. Landlord in Houston and taxes, insurance, and non-payment of rent has taken a huge toll on me. I work a full-time job and have had to take money out my household to pay for these things. No one talks about that when they make landlords look like villians.

I laughed at your capitalistic comments. You heard of Climate Change, yet? How about the term "toxic waste dump"?

That application fees go to the credit bureau. Landlord does not benefit from that.

@@nailalalani2527 okay

Well we could stop importing millions of illegal aliens each year, that would easy the demand issue. But no one wants to talk about that. low income housing brings crime, so obviously no one wants low income housing near the expensive property, they moved there to get away from that trash.

Traffic and overcrowding in schools hasn’t been addressed. Look at 610 and every single school district. But I agree about your statement of affordable housing. People out in Harvest Green off 99, flipped their lid when they realized section 8 housing was being built near their (then) $400,000 home. They didn’t want it. So where do people go for their housing needs? It’s honestly so screwed up.

$400k, you say? Yeah, wait till they try to build $200-300k homes in that same place they wanted Section 8. They’ll be against that too, even if a few years ago, their own home cost that. The affordable housing situation I was speaking about was honestly subsidized housing for the elderly. Basically people who have paid decades worth of taxes, had their kids move out, spouse possibly passed away, looking to downsize, only they can’t afford to because there are regulations against apartments and/or sqft, so you can’t buy a small home. Sell your house, and where do you go? But subsidized/affordable housing, makes people think of section 8, which makes people think of low income, which leads to people thinking about crime. And it literally was going right where a trailer park was, which is sad for those people, because they were given a few years to leave. Good luck finding somewhere else to live.

@@UmmYeahOk the neighborhood was/is already built. The next phase was low income housing. And people went up in arms. That’s my point… where is anyone who can’t afford a $200k+ house supposed to live? I’m talking couples, single parents, the elderly, etc.

@@nope_n0pe yeah. It sucks because you get millennials and even zennials are of age to buy a first time starter home, and even if it were older, they can’t find one in their price range. We bought our first home, brand new, 1834sqft 4 bedroom 2 bathroom for $120k in 2003. It was the smallest home we could legally build due to local ordinances. Sold it in 2011 for $150k. Zillow thinks it’s worth $476k today. I can’t even imagine the family who bought it now having to pay property taxes on the recent values!

Yes but it’s the very highest it’s ever been. Astronomically high

@@elegantempress1395 This time when it comes back down, it's going to crash harder 🤷🏽‍♀️

I moved from Houston to Louisiana

@@happygirl532 what area?

Is it cheaper in Louisiana

What is happening now has never happened before.

But then you will have a huge increase in taxes and insurance rates when they up your house value by market of what prices they are paying now. You’re safe probably for another year.

Not to mention your mortgage is about to increase (taxes)

So how are the new property taxes for you? They've also increased.

That increase is going to cost you

Well good for you…enjoy paying your outrageous property taxes to buy bus tickets to DC, lawsuits from truck border inspections, cost to put Texas back on the electrical grid, and other “pet peeve” projects your governor can think of 😂

And you prefer Socialism???? LOL

We actually practice both of these but one has a bigger bugget , can you guess ?

@@jaytay8199 who is we that your speaking for?

They are problem. Tax out of state remote workers much higher is only fair. They get paid higher wages from companies they work for remotely and live here like a king or queen while we suffer.

I get mad every time I see one. Pricing me out of my own town

Rents go up with everything else, that's life. If the market goes up 10% then rent goes up 10%, you can't expect a land lord to graciously donate 10% a year to you, they have bills to pay.

@@bobbygetsbanned6049 Bulls**t!! Every time a price or rent goes up, it was because someone decided that it should go up. That landlord's costs haven't increased except for the small amount of property taxes they pay every year. Everything else is gravy.

@@kirkgarner7381 So if they are selling their car should they sell it for less than the blue book value too?

Landlords serve no purpose in society other than to leach

@@memcore1312 They serve a lot of purpose for everyone who can't afford to buy a home.

Right on Me too

Not even they're going up as well.

Respectfully, no... There is no simple one finger pointed in the direction of a reason. This is a different kind of beast.

I'm in Florida and everybody from New York is here!!! Driving up the rental prices!!!

Sounds similar to what we are doing in California. These are the problems faced by the 5th largest economy in the world. I hope Texas will take our mantle soon. 🤞

That's Beautiful