Who's Really Putting The Money Back Into The Market Place.
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Hey good evening everyone this is Robert with Mr Texas real estate this is the Texas real estate radio network. He\'s given you anything we\'re certainly appreciate you guys coming on here 9 taking a listen or watching on Facebook or you tube listen to a podcast we appreciate all of your attention thank you so very very much. It\'s a couple things tonight get some tests updates and some other things going on but I do want to start with the program\'s first couple segments talking about who\'s really investing who\'s really putting the money back into the market place because it\'s become very very interesting to kind of read the data and then read through the lines on the data so if you\'re listening last night we talked about he would is actually a deal and the fact that them in free listen last week about the market moving so there\'s again. Yeah Houston is going to become a really really in my opinion could spot for hedge funds so what does that mean. One member last week we talked about the fact that the pop single family houses now or 3 over $300000 closing a 400. Starter homes are just off the map right they\'re just not there anymore you\'re not gonna find anything where you\'re going to be able to afford house based on the median income in the United States which is was always sort of Texas is right there right so you\'re 60 to $90000 is going to become a challenge to find something nice to be a family to raise raise a family in good school districts and all that and so what happens is now we have a new class out there and these are one good job renters right and again every market place out there every large metropolitan area already has this right New York LA Denver Seattle Chicago Dallas right there\'s a there\'s a. They\'ve gone through the cycles of real estate appreciation and now they got people that have good jobs nurses teachers clerks you know people got real people managers a cosco all those kinds of things that can\'t afford 20 percent down 3.5 percent down our debt to income or fight go issues and so they\'re not they\'re just not gonna be able to get a house. Right now it happened again happen happens every cycle. It\'s all here in Houston there are people that have good jobs maybe in those jobs 34567 years who are no longer going to be able to afford a house because the housing prices are so high. And that they have just some challenges to get a mortgage. And so one of the things we\'ve always looked at. And I don\'t know anyone else has ever talked about it is the affordability index. And that is obviously has been stepped up. So if houses are no longer affordable to the medium household salary right the incoming out a median household 6068 right even all that baby 8090 years to have problems. We have this new class of people out there have got good jobs and they\'re decent they have an Avenue vacations are just gonna rent for 5 to 6 years while they try and save up and get their selves in order ready to buy a house. Well what does that say to hedge funds that are super interested in buying and holding. That means they have a better sense better section of tenant. Copyright Mr. Texas Real Estate @ 2021
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