I’m considering whether to retain $3 million in single-family rentals, we have $900,000 left on mortgages. What is the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds?
Real estate, while a solid investment, demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Real estate isn’t as liquid as cash or cash-equivalents, or even stocks and bonds. I rather the latter. Just as you’re experiencing, real estate can be a lot of work.
Please avoid "large ponzi schemes" dubbed as treasury bills and reassess the perceived safety of bonds. Engage a trustworthy financial planner for prudent decision-making.
This Monica lady looks great. We have about $300,000 in IRA and 401(k) and 403(b) assets. Is that something she can manage? I already left a message, what’s the response timing like?
My buddy bought in a development in Idaho, the homes are 10 feet apart. The fronts have Hardie Plank siding and rain gutters. The sides and back are T1-11 and NO rain gutters. HVAC systems are off brand and his froze twice in last couple years. He also found NO insulation above 1 of his bedrooms. All built like shish, inspector didbt catch a gah damn thing. Also he found out his foundation was built 13 degrees out of square!
The fact that builders are cutting prices by 100K tells you how stupidly overpriced housing is and also tells you something about the massive greed on the part of the builders.
Interesting how builders are "greedy", but when it comes time to sell your property, you're not guilt of it as well. These builders get what people are WILLING TO PAY.
Legend Homes is a Camillo Companies (aka Camillo Properties now known as SimplyHome by Camillo) builder. Camillo Companies is known for developing poor, substandard single family home communities all over Texas. They are part of the reason so many single family homes get built and are only for rent or rent-to-own. Please look into this company more deeply before you buy. You could be signing a rent-to-buy contract instead of a standard buyer’s contract. Lots of complaints about this company. 🚩🚩🚩
🎉🎉🎉. I really appreciate your “Boots on the ground” videos. It’s just amazing how many homes that they are building while the market is drying up. Thank you Travis, Carlos
I moved from Texas to Santa Clara a few months ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.
well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs. I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year
There are many advisors to choose from. But I work with 'Leah Foster Alderman' and we've been working together for years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
Thanks for the recommendation, I just googled her and I'm really impressed with her credentials, I reached out to her since I need all the assistance I can get.
Omg did they cut down all the trees and leave it like that what a disgrace i rather live nestled in nature and not in a hoa/subdivision. Plus thats way too far from Houston and its airports. Great video
Building in flood zones seems to be R.D. Horton's signature move across the country. Here in Fort Wayne, Indiana, one the DRH communities is in a 99% flood zone, and yet people have bought and keep buying, I don't get it!
lol you guys are clueless. They’re grade that property & build retention ponds for the water. All of the new construction homes have great drainage. I’ve been buying foreclosures in the greater Houston area & all of them drain property & we’ve had 4 massive floods in the past 3-4 months since I’ve bought them.
Thanks for going out in the field, Travis, my "bonkers hero." You're starting to get me motivated to start looking at new construction in the greater Atlanta metro area. There's a lot going on.
Yes. The modern day new construction indicator of "ghetto" is no trees. If they're too lazy or careless to keep trees in place, imagine how poorly the house is built. Absolutely bonkers actually.
Bonkers. The poor trees and😅 animals. Crappy, overbuilt homes. Be safe with Beryl... 😢 Edit: I don't ever want to be in an HOA neighborhood ever again. Plus, the property taxes and home owners' insurance make these properties out of reach for single buyers in a large number of careers.
All fueled by greed, that's America nowadays. Land and permit are easy to come across in Texas so this doesn't usually tend to work well in these neck of the woods as you can see.
@@realestatemindsetI loved your podcast with Joe from Heresy Financial! But I couldn't believe how beholden he was to the idea of teal estate being shielded from the inevitable housing downturn. Great content, Travis ...keep pushing "boots on the ground"truth
They're building these huge overpriced homes for families but the trend is increasingly for Americans to not start families and when they do, it's a small family. Immigrants still have large family sizes but they can't afford these houses. So who did they think would buy these houses?
A rental agency bought 85% of the houses in our subdivision as it was being built. There was us and 4 other families on our street, then one day, our entire street had For Rent signs by the same company in every yard.
I am a physician from Germany; we do have similar problems over here too with the affordibility crisis… As soon as the prices cool down, i wanna buy something around Houston Medical Center 😊
I'm about to close on a property in the Montrose a bit north of the Medical Center. We did the subdivision analysis to get confident in our purchase and also got favorable loan terms. (It was the right time to buy for us due to the high rent costs.) Inventory around us still is pretty low and you can't find much with 2000 ft or more in a 3 bedroom, 2 bath plus configuration for under 700K. I'm seeing some price cuts but I don't foresee a huge cut in the area due to the proximity to the Medical Center and downtown and pretty low inventory. If you're looking for a place with a decent yard, remember that the underlying land value is about 4 million an acre, which will continue to support higher per foot pricing than the suburbs. Newer construction also tends to be upper end. Midtown has new and newer homes that are attractive but you want to look at the crime map before buying. The other thing to consider when you do buy here is the stucco monster. You must get a stucco inspection, even on a newer home. Lack of drainage - a miss by some builders - can mean 10s of thousands in stucco repair. Don't know why we have so much stucco here, but it's just the reality. If you are able to spend around 800K you might be able to get a good older brick home with a yard in the Montrose on the East side of Montrose Blvd. If you value walkability and proximity to TMC and lots of dining and park access and arts, I'd highly recommend looking at properties in and around 77006. I just don't think prices will crash here even when they soften further. The commercial land along Westheimer is super expensive and we are about to have a bunch of vertical development once interest rates cool. Home prices have already cooled in 77006 whereas West University is holding strong. So I think this area is already a better deal than some neighboring areas with a fairly stable market and some opportunity for growth. It would take a big interest rate cut for people to start listing more homes. Hope you find a great home when you're ready!
Thank you for your honesty ,years of experience and the sharing of your knowledge! Stick with your business plan within the UA-cam community!Good luck!
Travis, you're at your best when you are doing "field work" and providing concrete examples of trends and metrics. I know it is so much harder and resource intensive, but it is much more valuable to your viewers.
Just an FYI, how long ago was the earthwork done? The land has to go through a compaction period to allow dirt to settle after it has been moved. This can be from 6-12 months. Don’t misunderstand, I’m on your side of the message…just providing some info
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.
My man! Good stuff! But you gotta do something about the quality, some portions are very blurry and towards the beginning, it looks like a blur box was left on in the lower middle area, like you were blurring ur microphone/neck area lol.
When some uses the word “the” in front of the number of the interstate…that’s how you know they ain’t native Texan. lol jk Travis. Love the content. Looking for a deal in DFW.
Prices staying steady here in Idaho. Still building like crazy here. I think as long as refugees keep fleeing CA and people running away from crazy laws in OR & WA, this will go on for a bit yet.
@@realestatemindset Watch the last video on Stephen Gardner. The mayor of San Diego said the Govt give to the newcomers 20% free money for down payment. Disgusting 🤮 Go to vote man . Nov 5 MAGA
@@realestatemindset Well........ California Escapees, fleeing the tyranny of the states taxation without representation, high crime, extreme fees, etc.
And unfortunately excess properties will be gobbled up by investors after this cycle. Rentals can be written off as a depreciating asset. The consumer will battle cash offers and property bundles, and these communities will turn to build to rent. These amenities remind me of upscale apartments or 55+ communities.
Absolutely. I have no idea why people would buy a wood framed home when you have the harshest weather in the country. Hurricanes tornadoes and straight line winds are common
Always watch and learn from you show. Have you done anything in Wilmington NC yet? Leland has lots of building wonder what your take on that area is? Thx
Yes! Go to my home page and scroll down to my metro report play list. I specifically went to Wilmington. No hate but as far as the new builds, it made me sick to my stomach. They were everywhere and where all the same white colored cookie cutter home. It felt like a nightmare.
I viewed the episode called "wilmington nc" but they actually were visiting brunswick County home sites. I live in Wilmington but work for a utility company in brunswick Co. I see/work all the new developments.
@@ouzoshots9865 @ouzoshots9865 I earn above average median income. I had to take a pay cut to stay in my area of expertise. To answer you question, I don't know. I ask myself and other people that same question all the time. I could not afford any of these new builds. Not even the 900 sf sheds they are calling houses. The people I do know who are able to afford it here are remote or have old money. Trust fund types here.
@@ouzoshots9865 also everyone I see that can afford to buy are not from here. The people here are stuck renting. I know of only one couple who bought a 340k house from here. I feel for them.
I hate these housing developments! Houses built on a piece of land just a little bigger than the footprint of the house. I can not understand the draw to subdivisions! We live on 17 acres in central Texas and built our house with our own hands (my husband is a retired contractor) for $20,000 in 2014 and are very happy surrounded by few people and lots of wildlife and livestock. Country life is the way to go.
Not everyone can afford 17 aces. It's not like people don't want land. Also corporations buy up huge tracks of land, so anything larger than 10 acres is often hard to come by. In my hometown in FL, farms never hit the market as they are snatched up by developers.
Probably waiting on some sort of inspection approval or similar. When you develop land, you don’t just get to start building homes once it “looks” done. There’s a process
I'm sick of the word comps, another real estate scam to keep prices high. How is a 2500 sq ft home cost the same or near a 3500 sq ft home. Just because it's in the same neighborhood doesn't mean it's worth same as the highest sold home.
Another good one Travis. It's really interesting to see these actual build sites and get your opinion. What happens when thousands of Mexican and Central American construction workers in Texas get laid off? We're all gonna find out soon.
A well known builder wanted to charge me $180k for an empty adjacent 0.2 acre lot. Talk about greed or maybe an indication of markup/ profit/ cost of building. Toll Bros a bargain for a 14% cut? When existing home prices increased 50% plus in the last few years, that 14% is still a far cry from a return to the norm.
I was just looking at houses in Fort Worth, TX on zillow. There is a house for 50,000 and one for 100,000. What's up with that. Both are 4bd. Not the best neighborhoods, but I've been looking for houses there for the last year. I have never seen that. I wonder what's going on with that
Better Weather in Galveston? Tell that to the Hurricane that’s about to put it underwater. Galveston is a dump, tons of homes that are empty and boarded up from Storms of the past
If I lived 1hr away form my job, I don't care how good of a deal that is for a house that far away from my job. Heck, I drive 35 minutes to work and 35 minutes back (25 miles each way) and THAT is a PITA sometimes. It gets tiring. I can only imagine doubling that. No way! Thanks for the video anyways.
Toll brothers is a terrible builder you’re right about the construction mess, their build quality is not great, homes look great build quality is not. Know a couple who bought one of their homes cost over a million dollars and took forever to build and their neighbor found all kinds of problems with their new home.
Thank you for great and updated info been your viewer for a while. Shout out to your audience if any one knows of openings in mortgage servicing jobs in Orange County ca thanks
One major cost or expense to keep in mind is property tax. A friend got a new home pre-pandemic (close on Jan 2020) in Spring for $245k, and after 2020 his tax is averaging in the past 3 years $625 a month. So his 2023 tax was $7,589. Then what about Home insurance? So people, really need to forecast all the cost, and NOT over purchase a house. "Biting off more than you can chew" Owning a house, comes with so many more responsibility than just Renting. So buying a house in new sub divisions, comes with the extra %. Same builders (homes in 2010 and up), still look like brand new, and probably better built quality, and maintaining a lower property tax in those areas, can be an alternative to 2024 new homes.
I'm planning to buy a new construction Lennar home in either the Houston or San Antonio areas. Is there a way to find out about the flood potential of a particular property? Most of the developments look like they'll flood in a big rain storm. Then again, maybe it's not a concern given that everything's newly engineered...
Thanks for the info. Not sure where you got your 1 hr 45 min time to get from Conroe to downtown houston calculation though. I travel from Conroe to Houston often enough and with traffic it takes me an hour to hour 15 minutes tops. Its definitely not right down the street but 1 hr 15 sounds alot better than 1 hr 45 min
Been watching your channel recently and it’s been super helpful. I have a huge list of off-market potential deal around Texas if that’s something your interested in at all. I’d love to network if your interested
Travis, I think the builders are going to stop building homes in mid builds just like in 2008; I hope not, we still need a lot more of inverntory for pricing to drop in used homes.
Can't wait for home construction to be robotic assembly line Too many humans equals too much cost. We currrently build homes like they used to build Rolls Royces by hand. We should be furher along in the process. Maybe 3D printed concrete homes with all bathrooms and cabinets pre made concrete. All that would be left would be appliances. Try to get to only 4 people max on jobsite and $100 per square foot turn key ready to occupy
What are you talking about? Prefab framing has existed for decades. But there's not enough made identical (and who would want it) to go mainstream. And do you think all you do is put up walls and it's done? lol
Hell of a lot cheapest material they can get away it .and squeeze the subs down hard telling them you make it up in volume.its as fast as you can these days..find a small builder that is out there working on your home not just a guy in chair behind a desk that golfs twice a week
I’m considering whether to retain $3 million in single-family rentals, we have $900,000 left on mortgages. What is the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds?
Real estate, while a solid investment, demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Real estate isn’t as liquid as cash or cash-equivalents, or even stocks and bonds. I rather the latter. Just as you’re experiencing, real estate can be a lot of work.
Please avoid "large ponzi schemes" dubbed as treasury bills and reassess the perceived safety of bonds. Engage a trustworthy financial planner for prudent decision-making.
This Monica lady looks great. We have about $300,000 in IRA and 401(k) and 403(b) assets. Is that something she can manage? I already left a message, what’s the response timing like?
People move to Houston for low cost of living in one largest Metros in the USA. Random communities in Conroe is way to far from city of Houston!!!
"Nestled in nature"
🤣 nailed it
That's hilarious
It's boomer nature
Call the police on a rogue deer that came through their yard
B@stardz
My buddy bought in a development in Idaho, the homes are 10 feet apart. The fronts have Hardie Plank siding and rain gutters. The sides and back are T1-11 and NO rain gutters. HVAC systems are off brand and his froze twice in last couple years. He also found NO insulation above 1 of his bedrooms. All built like shish, inspector didbt catch a gah damn thing. Also he found out his foundation was built 13 degrees out of square!
Wicked man. Thank you for the intel
In small states like Idaho they have to really pack homes in tight.
Literally a tornado alert in Conroe Tx as I'm watching this. Not a basement in sight. Moving on.
The fact that builders are cutting prices by 100K tells you how stupidly overpriced housing is and also tells you something about the massive greed on the part of the builders.
I mentioned that and got a lot of insulting replies 😂
Those houses cost 150000 to build. Ax for one should be 230000 to 250000. Wake up people
Of course "inflation" in general is a bunch of BS. It's all fueled by greed at the end of the day!
Yes indeed.
Interesting how builders are "greedy", but when it comes time to sell your property, you're not guilt of it as well. These builders get what people are WILLING TO PAY.
Legend Homes is a Camillo Companies (aka Camillo Properties now known as SimplyHome by Camillo) builder. Camillo Companies is known for developing poor, substandard single family home communities all over Texas. They are part of the reason so many single family homes get built and are only for rent or rent-to-own. Please look into this company more deeply before you buy. You could be signing a rent-to-buy contract instead of a standard buyer’s contract. Lots of complaints about this company. 🚩🚩🚩
Yes, it looks like a future pit for a stupid buyer....
🎉🎉🎉. I really appreciate your “Boots on the ground” videos. It’s just amazing how many homes that they are building while the market is drying up.
Thank you Travis, Carlos
You know he ain't from Houston because he called it "The 45"
I moved from Texas to Santa Clara a few months ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs. I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year
I’m an art collector, this is not very new to me but has a nuance to it. Can you assist me?
There are many advisors to choose from. But I work with 'Leah Foster Alderman' and we've been working together for years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
Thanks for the recommendation, I just googled her and I'm really impressed with her credentials, I reached out to her since I need all the assistance I can get.
Omg did they cut down all the trees and leave it like that what a disgrace i rather live nestled in nature and not in a hoa/subdivision. Plus thats way too far from Houston and its airports. Great video
NO drainage...typical houston flood zone LOL.
Most of those houses won't be built.
Bingo
Building in flood zones seems to be R.D. Horton's signature move across the country. Here in Fort Wayne, Indiana, one the DRH communities is in a 99% flood zone, and yet people have bought and keep buying, I don't get it!
lol you guys are clueless. They’re grade that property & build retention ponds for the water. All of the new construction homes have great drainage. I’ve been buying foreclosures in the greater Houston area & all of them drain property & we’ve had 4 massive floods in the past 3-4 months since I’ve bought them.
Thanks for going out in the field, Travis, my "bonkers hero." You're starting to get me motivated to start looking at new construction in the greater Atlanta metro area. There's a lot going on.
It looks like a massive size of land cleared for several subdivisions yet no trees in between.
Only one subdivision. So far anyways. Can't believe how dead it was.
Yes. The modern day new construction indicator of "ghetto" is no trees. If they're too lazy or careless to keep trees in place, imagine how poorly the house is built.
Absolutely bonkers actually.
Texas divisions are huge Soviet style. Insanely large division with small lots and with no trees or sidewalks. New homes in Texas are so bad.
Bonkers. The poor trees and😅 animals. Crappy, overbuilt homes. Be safe with Beryl... 😢
Edit: I don't ever want to be in an HOA neighborhood ever again. Plus, the property taxes and home owners' insurance make these properties out of reach for single buyers in a large number of careers.
Tons of national builder homes for sale. 180k worth of parts and labor for the low price of 400k
I'll pass 😆
All fueled by greed, that's America nowadays. Land and permit are easy to come across in Texas so this doesn't usually tend to work well in these neck of the woods as you can see.
@@realestatemindsetI loved your podcast with Joe from Heresy Financial! But I couldn't believe how beholden he was to the idea of teal estate being shielded from the inevitable housing downturn. Great content, Travis ...keep pushing "boots on the ground"truth
In the Midwest I see new subdivisions built in the middle of cornfields, no trees . Car dependent suburbs in the middle of nowhere.
Come to Central fla. (Lakeland, Wintet Haven and Lake Wales). We need boots on the ground here .
We plan on it. We are just trying to figure out how to afford it.
They're building these huge overpriced homes for families but the trend is increasingly for Americans to not start families and when they do, it's a small family. Immigrants still have large family sizes but they can't afford these houses. So who did they think would buy these houses?
The cost to build a new home makes it pointless to build smaller single family homes.
A rental agency bought 85% of the houses in our subdivision as it was being built. There was us and 4 other families on our street, then one day, our entire street had For Rent signs by the same company in every yard.
Travis, goes -"DOWN TOWN". Those "FIRE-PITS" will come in handy in Texas WINTERS, given Texas electric power grid in WINTER.
I am a physician from Germany; we do have similar problems over here too with the affordibility crisis…
As soon as the prices cool down, i wanna buy something around Houston Medical Center 😊
I'm about to close on a property in the Montrose a bit north of the Medical Center. We did the subdivision analysis to get confident in our purchase and also got favorable loan terms. (It was the right time to buy for us due to the high rent costs.) Inventory around us still is pretty low and you can't find much with 2000 ft or more in a 3 bedroom, 2 bath plus configuration for under 700K. I'm seeing some price cuts but I don't foresee a huge cut in the area due to the proximity to the Medical Center and downtown and pretty low inventory. If you're looking for a place with a decent yard, remember that the underlying land value is about 4 million an acre, which will continue to support higher per foot pricing than the suburbs. Newer construction also tends to be upper end. Midtown has new and newer homes that are attractive but you want to look at the crime map before buying. The other thing to consider when you do buy here is the stucco monster. You must get a stucco inspection, even on a newer home. Lack of drainage - a miss by some builders - can mean 10s of thousands in stucco repair. Don't know why we have so much stucco here, but it's just the reality. If you are able to spend around 800K you might be able to get a good older brick home with a yard in the Montrose on the East side of Montrose Blvd. If you value walkability and proximity to TMC and lots of dining and park access and arts, I'd highly recommend looking at properties in and around 77006. I just don't think prices will crash here even when they soften further. The commercial land along Westheimer is super expensive and we are about to have a bunch of vertical development once interest rates cool. Home prices have already cooled in 77006 whereas West University is holding strong. So I think this area is already a better deal than some neighboring areas with a fairly stable market and some opportunity for growth. It would take a big interest rate cut for people to start listing more homes. Hope you find a great home when you're ready!
I’m a realtor in the Houston area, if you would like me to send you some options of homes and prices let me know with your email!
Thank you for your honesty ,years of experience and the sharing of your knowledge! Stick with your business plan within the UA-cam community!Good luck!
As always, this is such valuable information and well done. Thanks man.
Thank you so much Jim. Glad someone really sees. They hate me Jim, for showing them the truth.
Travis, you're at your best when you are doing "field work" and providing concrete examples of trends and metrics. I know it is so much harder and resource intensive, but it is much more valuable to your viewers.
Totally Bonkers Young Man 😮
Thank you sir!
ABSOLUTELY BONKERS Travis
Absolutely BONKERS
@@realestatemindsetI need a cool catchphrase like this. ❤😄
Travis, please come out to Midland, TX. Would love to hear your thoughts on the new homes being built here.
Tollhouse are really beautiful looking homes, try not to get caught up in bobbles though
Appreciate your hard work Mr.Travis.
Just an FYI, how long ago was the earthwork done? The land has to go through a compaction period to allow dirt to settle after it has been moved. This can be from 6-12 months. Don’t misunderstand, I’m on your side of the message…just providing some info
Thanks man. It's interesting that's it's actually the builder who's saying they are ready to go and be sold
Its been a long time since i saw pine trees
As I watch these videos, I realize I don’t wanna live ANYWHERE.
😅 laughing but I am in the same situation 😢
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.
Yes, Silver Thorn would make a nice case study. On the other hand. People who are patient will win and will be rewarded handsomely.
I hope you can visit Atlanta GA and make a video about the metro Atlanta housing market.
I did! Check out my metro area report video
Great job 😊
Thank you! I hope you enjoyed
My man! Good stuff! But you gotta do something about the quality, some portions are very blurry and towards the beginning, it looks like a blur box was left on in the lower middle area, like you were blurring ur microphone/neck area lol.
I was bro. White chest hair popped out my shirt like a spider leg, like trying to escape my shirt for its life. Rookie move. My bad 🤣🤣😅😅
@@realestatemindset hahaha
😅@@mcduvall2000
Thank you Travis 😊
When some uses the word “the” in front of the number of the interstate…that’s how you know they ain’t native Texan. lol jk Travis. Love the content. Looking for a deal in DFW.
These garbage quality homes are " The deals of our dreams" ? Who wants to be in court vs. a predator home builder ?
Correct
Lennar quality may not be the best but they make great neighborhoods
thanks for the boots on the ground data mining Travis.
Prices staying steady here in Idaho.
Still building like crazy here.
I think as long as refugees keep fleeing CA and people running away from crazy laws in OR & WA, this will go on for a bit yet.
Are you saying refugees are buying houses there 💯?
@@realestatemindset Watch the last video on Stephen Gardner. The mayor of San Diego said the Govt give to the newcomers 20% free money for down payment. Disgusting 🤮 Go to vote man . Nov 5 MAGA
@@realestatemindset Well........
California Escapees, fleeing the tyranny of the states taxation without representation, high crime, extreme fees, etc.
I fled in 2011 and will Never go back. I can't believe how my quality of life changed for the better compared to how I was growing up in San Diego.
And unfortunately excess properties will be gobbled up by investors after this cycle. Rentals can be written off as a depreciating asset. The consumer will battle cash offers and property bundles, and these communities will turn to build to rent. These amenities remind me of upscale apartments or 55+ communities.
Block home
with metal framing has been the standard .stick huts no thank you.
Fair enough thank you sir
Absolutely. I have no idea why people would buy a wood framed home when you have the harshest weather in the country. Hurricanes tornadoes and straight line winds are common
Toothpick homes. They may look nice, but they are cheaply built. Which isn't surprising. Lennar homes don't have the greatest reputation.
Don't underestimate a company that survived the gfc by hook and crook. And they will do it a again.
Which builder is better Dr Horton or Lennar?
Always watch and learn from you show. Have you done anything in Wilmington NC yet? Leland has lots of building wonder what your take on that area is? Thx
Yes! Go to my home page and scroll down to my metro report play list. I specifically went to Wilmington. No hate but as far as the new builds, it made me sick to my stomach. They were everywhere and where all the same white colored cookie cutter home. It felt like a nightmare.
I viewed the episode called "wilmington nc" but they actually were visiting brunswick County home sites. I live in Wilmington but work for a utility company in brunswick Co. I see/work all the new developments.
@@ptlpszt1 How’s the Job market out there? I don’t see much as far as big corps etc… wondering how all these home owners will sustain their lifestyle
@@ouzoshots9865 @ouzoshots9865 I earn above average median income. I had to take a pay cut to stay in my area of expertise. To answer you question, I don't know. I ask myself and other people that same question all the time. I could not afford any of these new builds. Not even the 900 sf sheds they are calling houses. The people I do know who are able to afford it here are remote or have old money. Trust fund types here.
@@ouzoshots9865 also everyone I see that can afford to buy are not from here. The people here are stuck renting. I know of only one couple who bought a 340k house from here. I feel for them.
I was looking at 2480 Rattlesnake Place just the other day actually.
So glad we moved out of Houston 🙏🙏🙏💪💪💪
Where did you move?
I hate these housing developments! Houses built on a piece of land just a little bigger than the footprint of the house. I can not understand the draw to subdivisions!
We live on 17 acres in central Texas and built our house with our own hands (my husband is a retired contractor) for $20,000 in 2014 and are very happy surrounded by few people and lots of wildlife and livestock. Country life is the way to go.
Not everyone can afford 17 aces. It's not like people don't want land. Also corporations buy up huge tracks of land, so anything larger than 10 acres is often hard to come by. In my hometown in FL, farms never hit the market as they are snatched up by developers.
Probably waiting on some sort of inspection approval or similar. When you develop land, you don’t just get to start building homes once it “looks” done. There’s a process
Great work as always. I agree either we are on the front end of something big or this time is different. 🤷
I'm sick of the word comps, another real estate scam to keep prices high. How is a 2500 sq ft home cost the same or near a 3500 sq ft home. Just because it's in the same neighborhood doesn't mean it's worth same as the highest sold home.
Trying to get money off people to start the gravy train.
Love the way you just talk over your Video footage, just love that.
Great video. I like the voice over.
national average 30-year fixed mortgage APR is 7.12%
Thank you for the intel!
Last week, I locked at 6.5.
@@Polythinker ouch. Better than 7 but still. Monthly payment going to be a biotch
@benrichards9667 I know, but also, I hope interest rates will come down soon, and renting me 2 bedroom coop will help me.
@@Polythinkerbuilder bought down my rate at 5.25…..
45 minutes during off hours to downtown (google maps)
Thanks for Boots on the Ground BONKERS 👍🏾
Hope you enjoy my friend amd thank you!
The last subdivision looked decent.
Another good one Travis. It's really interesting to see these actual build sites and get your opinion.
What happens when thousands of Mexican and Central American construction workers in Texas get laid off? We're all gonna find out soon.
Toll Bros do build beautiful homes. Where do these people in all these subdivisions work geographically?
Grift 101...if it's not built already...don't buy...maybe I'm looking wrong but I see dirt...GRIFT CENTRAL...STAY AWAY.😮
Awesome video 💎
Yup, we just videoed several builders/communities in Dallas. I’m expecting some hungry sellers this fall!
Crazy stuff
We are on them now, man. This is our study! Atleast one lol
A well known builder wanted to charge me $180k for an empty adjacent 0.2 acre lot. Talk about greed or maybe an indication of markup/ profit/ cost of building. Toll Bros a bargain for a 14% cut? When existing home prices increased 50% plus in the last few years, that 14% is still a far cry from a return to the norm.
I was just looking at houses in Fort Worth, TX on zillow. There is a house for 50,000 and one for 100,000. What's up with that. Both are 4bd. Not the best neighborhoods, but I've been looking for houses there for the last year. I have never seen that. I wonder what's going on with that
Probably old run down neighborhoods.... if you got the balls.
It's whatever a person would pay for it to dictate the market..the gotta get it now agenda will give you buyers remorse in future years
Hahah a first time home buyers
😅 rich first time buyers *
Why not houses in galvinston?
Weather in galvinston much better. Houses need to build as a metal building.
I need to get out to Galveston to do one
Better Weather in Galveston? Tell that to the Hurricane that’s about to put it underwater. Galveston is a dump, tons of homes that are empty and boarded up from Storms of the past
Visit business which build metal building houses. Much stronger last longer
If I lived 1hr away form my job, I don't care how good of a deal that is for a house that far away from my job. Heck, I drive 35 minutes to work and 35 minutes back (25 miles each way) and THAT is a PITA sometimes. It gets tiring. I can only imagine doubling that. No way! Thanks for the video anyways.
Toll brothers is a terrible builder you’re right about the construction mess, their build quality is not great, homes look great build quality is not. Know a couple who bought one of their homes cost over a million dollars and took forever to build and their neighbor found all kinds of problems with their new home.
Building supply prices are going down. But they will probably stop Building.
ANOTHER REALLY REALLY GOODE ONE..THANK YOU....!!!
Yes
Let's go!!!!
Do a video when I can get a brick house for 220K. I have no interest in paying the property tax on one of those half a million dollar houses.
Sorry Bro, I drive this regularly. 7:30 am Conroe to downtown Houston is 40-50 min.
Cliffstone homes in my area (Southern California) would go for $500k+ for the cheapest one 🤯
Looks like a tornadoes 🌪️ dream location
4:03 “ pickle Ball” 😂
The SHEEP are so malleable.
How do we know that nobody is buying? Could it be that they just got started??
Imagine recently purchasing one of these homes and now seeing a comparable one listed for $120k less…
Thank you for great and updated info been your viewer for a while.
Shout out to your audience if any one knows of openings in mortgage servicing jobs in Orange County ca thanks
13:58 keep mocking the sheeeep- ple. Love it😂
Insurance will eat up all positive 😳
One major cost or expense to keep in mind is property tax. A friend got a new home pre-pandemic (close on Jan 2020) in Spring for $245k, and after 2020 his tax is averaging in the past 3 years $625 a month. So his 2023 tax was $7,589. Then what about Home insurance? So people, really need to forecast all the cost, and NOT over purchase a house. "Biting off more than you can chew" Owning a house, comes with so many more responsibility than just Renting. So buying a house in new sub divisions, comes with the extra %. Same builders (homes in 2010 and up), still look like brand new, and probably better built quality, and maintaining a lower property tax in those areas, can be an alternative to 2024 new homes.
I agree 100%
It's a dirt field with a concrete street. Where is the nature?
I'm planning to buy a new construction Lennar home in either the Houston or San Antonio areas. Is there a way to find out about the flood potential of a particular property? Most of the developments look like they'll flood in a big rain storm. Then again, maybe it's not a concern given that everything's newly engineered...
Thanks for the info. Not sure where you got your 1 hr 45 min time to get from Conroe to downtown houston calculation though. I travel from Conroe to Houston often enough and with traffic it takes me an hour to hour 15 minutes tops. Its definitely not right down the street but 1 hr 15 sounds alot better than 1 hr 45 min
How is new construction in Suburban areas around Austin Texas comparable
What do you think about the new master plan community jubilee in Hockley
Been watching your channel recently and it’s been super helpful. I have a huge list of off-market potential deal around Texas if that’s something your interested in at all. I’d love to network if your interested
100% interested. Please email me. My first question is why are they off market?
That looks nestled in issues to me
they over priced to start with doesnt mean the 120k cut is a deal
LOL, cardboard boxes with prices starting @ 300k. Unable to find any value in what they call "houses". Absolutely bonkers!!!
Travis, I think the builders are going to stop building homes in mid builds just like in 2008; I hope not, we still need a lot more of inverntory for pricing to drop in used homes.
" sales cancellers"
Can't wait for home construction to be robotic assembly line Too many humans equals too much cost. We currrently build homes like they used to build Rolls Royces by hand. We should be furher along in the process. Maybe 3D printed concrete homes with all bathrooms and cabinets pre made concrete. All that would be left would be appliances. Try to get to only 4 people max on jobsite and $100 per square foot turn key ready to occupy
What are you talking about? Prefab framing has existed for decades. But there's not enough made identical (and who would want it) to go mainstream.
And do you think all you do is put up walls and it's done? lol
Prefab CONCRETE cabinets? This sounds like a housing nightmare straight out of the Soviet block. Like prison level ish.
New Construction levels are going BONKERS!
What worries me is what corners are the builders cutting to make up the price cuts 😞
Hell of a lot cheapest material they can get away it .and squeeze the subs down hard telling them you make it up in volume.its as fast as you can these days..find a small builder that is out there working on your home not just a guy in chair behind a desk that golfs twice a week
Horton in Homestead too