Seller's Market in Houston metro area (Paris: houses, buyer, subdivision)

[TallGreengrass]

Originally Posted by Chanteuse d' Opéra

Where are those selling their homes moving if it's a tough time to buy?

I’m sorry, I misread your post. I don’t know where people are moving to. My neighbors were going to move but realized whatever profit they made would be eaten up by the new home’s selling price. One or two mentioned they moved from in town to the ‘burbs because they wanted a bigger home and the schools.

[S.Allen]

I am in Cypress and yeah...homes in my neighborhood are on the market maybe 5 days and they are sold. Even the rattier ones and ones that have no renovations.

[KerrTown]

Originally Posted by S.Allen

The surge of buyers seem to be escaping CA and other states, where jobs are thin and the taxes are high and going higher. CA has a 13% state income tax and gas hovers around 4 dollars a gallon. This is not sustainable for many middle class people, who have seen stagnant wages for years, so they leave for states like TX and FL.

Now we have to contend with an exodus from Texas because of the electric grid. 2021 is a pretty strange year for the electric grid--previous summers were not this close to a blackout. Transplants were willing to overlook the winter storm as a one-time fluke, but the average summer crippling the electric grid like never before is a scary prospect for residents and prospective transplants alike.

If Centerpoint manages to leave ERCOT for the federal grid, Houston would have a massive advantage above the I-35 corridor cities.

[S.Allen]

I always hoped our awful summers would keep the CA and NY peeps from coming, but the awful conditions in their states ramped up even more during the Covid lock downs and they keep on coming.

The answer to fixing this electricity nonsense is to re-evaluate the South Texas Nuclear Plant.

This is not Chernobyl, circa 1980s or the China Syndrome....France currently gets about 70% of their electricity from nuclear as do many Scandinavian countries. You do not hear about tons of problems or melt downs, do you?


It is time to consider this, as this Ercot organization has proven to be a failure and incapable or fixing itself.

[LonghornHotspur]

Originally Posted by S.Allen

I always hoped our awful summers would keep the CA and NY peeps from coming, but the awful conditions in their states ramped up even more during the Covid lock downs and they keep on coming.

The answer to fixing this electricity nonsense is to re-evaluate the South Texas Nuclear Plant.

This is not Chernobyl, circa 1980s or the China Syndrome....France currently gets about 70% of their electricity from nuclear as do many Scandinavian countries. You do not hear about tons of problems or melt downs, do you?


It is time to consider this, as this Ercot organization has proven to be a failure and incapable or fixing itself.

STP tripped off during the Winter Storm. https://www.spglobal.com/platts/en/m...o-cold-weather. There is no magic solution in any generation technology.

Our deregulation model is deeply flawed without 1) A capacity market to incentivize being ready and able to generate, not just pumping out MW's at the highest prices (look up price majeure) and 2) Reliability enhancements to include interconnection with the rest of the county (Both Eastern and Western Interconnect) and requirements, with financial penalties for non-compliance, to weatherize from wellhead to busbar for both summer and winter peaks.

[S.Allen]

Since Sweden uses about 35% nuclear power, it IS possible to winterize a nuclear power plant to survive cold temps.

The problem was that our system was not winterized to withstand the weather we received in February.

Odd was the fact that places like Lubbock did not lose power when the southern part of the state went blackout. My daughter was in Lubbock and they were colder AND did not ever lose power.

[LonghornHotspur]

Originally Posted by S.Allen

Since Sweden uses about 35% nuclear power, it IS possible to winterize a nuclear power plant to survive cold temps.

The problem was that our system was not winterized to withstand the weather we received in February.

Odd was the fact that places like Lubbock did not lose power when the southern part of the state went blackout. My daughter was in Lubbock and they were colder AND did not ever lose power.

My point exactly; prior to May 30th LPL was in SPP, and thus connected to the Eastern Interconnect. They then joined ERCOT, controversially.

https://www.texastribune.org/2021/05...ck-ERCOT-grid/

[S.Allen]

Deregulation did NOT really bring about lower energy prices.


I am saddened to see Lubbock join that Ercot grid. That looks like a huge mistake.

[Meyerland]

Where do you want to buy? Some areas are hot and some are more affordable.

[KerrTown]

Originally Posted by LonghornHotspur

STP tripped off during the Winter Storm. https://www.spglobal.com/platts/en/m...o-cold-weather. There is no magic solution in any generation technology.

News of nuclear reactor 1 freezing was announced on TV during the storm. Luckily I was able to watch TV to hear that tidbit of an update at that moment during one of the sessions of power at my house.

If the nuclear reactors were weatherized, the power outage would have not disproportionately affected Houston compared to the other major Texas metros. I was hoping that the Parish coal plant was generating power to benefit Fort Bend County and SW Houston, but just found out that they also froze.

Originally Posted by LonghornHotspur

My point exactly; prior to May 30th LPL was in SPP, and thus connected to the Eastern Interconnect. They then joined ERCOT, controversially.

https://www.texastribune.org/2021/05...ck-ERCOT-grid/

The deal was signed 3 years ago and implemented on Memorial Day. The winter storm came too late to stop the transition.