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Old 07-24-2008, 08:18 AM
 
Location: Austin & Houston, TX
1,461 posts, read 5,607,413 times
Reputation: 425

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Quote:
Originally Posted by chris_ut View Post
Only 1 rental in my subdivision in Kingwood.
What price point does your community fall under?
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Old 07-24-2008, 09:19 AM
 
Location: Houston, TX (Bellaire)
4,900 posts, read 13,766,831 times
Reputation: 4192
200k - 300k
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Old 07-24-2008, 11:27 AM
 
Location: Clear Lake, Houston TX
8,376 posts, read 30,756,050 times
Reputation: 4720
Quote:
Originally Posted by Beto View Post
There are many other factors then just subprime.

Seems me and chrisUT live in fairly similar neighborhoods and don't have these problems. I'm sure we have the same # of foreclosures in our neighborhoods, too (zero).

The slew of rentals somewhat close to us are in both new and old neighborhoods with homes around $100-120k. Both have more than their fair share of renters, subprime borrowers and foreclosures.

What are the other factors? Are there any that are more pronounced than this one?
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Old 07-24-2008, 11:55 AM
 
3,752 posts, read 12,433,285 times
Reputation: 7014
Quote:
Originally Posted by tstone View Post
Seems me and chrisUT live in fairly similar neighborhoods and don't have these problems. I'm sure we have the same # of foreclosures in our neighborhoods, too (zero).

The slew of rentals somewhat close to us are in both new and old neighborhoods with homes around $100-120k. Both have more than their fair share of renters, subprime borrowers and foreclosures.

What are the other factors? Are there any that are more pronounced than this one?
Values in my neighborhood run the gammit from $400,000 down to $120,000. As for foreclosures, I've only seen 2 listed on HAR with 2 other short sales (4 total). It seems to me that the homes that are up for foreclosure and short sale are ones that were build and sold 3 to 4 years ago. Makes me think that ARM rates have increased or balloons are due and the owners can't qualify for re-fi. May be completely wrong but its a disturbing trend along with the number of rentals increasing.
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Old 07-24-2008, 02:07 PM
 
Location: Houston, TX (Bellaire)
4,900 posts, read 13,766,831 times
Reputation: 4192
No foreclosures in my neighborhood either so far.
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Old 07-28-2008, 02:17 PM
 
Location: Austin & Houston, TX
1,461 posts, read 5,607,413 times
Reputation: 425
Quote:
Originally Posted by tstone View Post
Seems me and chrisUT live in fairly similar neighborhoods and don't have these problems. I'm sure we have the same # of foreclosures in our neighborhoods, too (zero).

The slew of rentals somewhat close to us are in both new and old neighborhoods with homes around $100-120k. Both have more than their fair share of renters, subprime borrowers and foreclosures.

What are the other factors? Are there any that are more pronounced than this one?
I would have to say Investors renting out, ARM's, Divorce and Relos.
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Old 08-03-2008, 12:18 PM
 
17 posts, read 36,113 times
Reputation: 13
I'm not looking to sell my home, but I have moved from another state (Atlanta, GA) and I'm looking to rent in the Pearland area. My budget in extremely low, but I have been successful in finding a few apartment homes in my price range of 700-850 for a 2br/2bth. Do you know of any homes renting for that price? I do have a small child, so location is very important. I'm praying I can find something really cute and safe.
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