Subdude Posted June 23, 2005 Share Posted June 23, 2005 The bubble hasn't been pronounced in Houston as other cities, but a collapse could nonetheless hurt the national economy. Witness Japan subsequent to 1989. The Economist, which you could hardly call wild-eyed fanatics, has a good cover story warning about it this week:Housing bubble article. Quote Link to comment Share on other sites More sharing options...
kjb434 Posted June 23, 2005 Share Posted June 23, 2005 Larry Kudlow ArticleHere's another article saying the opposite. I know he's a conservative economist. I find articles that go both direction all the time. And see the TV commentators on financial shows go both way also. And they all have there facts to back it up.Guess we won't know unless it really happens.Predicting these things are not always easy. You see them building, but you don't know when they'll pop if they do. Remembe the stock market in the 90s. Leading up to the burst, know one new it would happen. The people who diversified were ok, the tech heavy people were hit. Quote Link to comment Share on other sites More sharing options...
RedScare Posted June 23, 2005 Share Posted June 23, 2005 I posted a link on this several weeks ago. It was a ranking of housing price increases for the top 50 markets, as well as which cities were financing the most with interest only loans.San Diego led in interest only loans at around 60% of all new mortgages. Numerous Cali cities were in the top 50. Houston was near the bottom at around 7% of all new mortgages. Additionally, Houston's housing price increase was near dead last, at around 5% last year. This may not sound good for those trying to flip their houses (which does not help a neighborhood whatsoever), but is great for those who plan to stick around and don't want property taxes to skyrocket.Houston is in little danger of a housing collapse caused by either no interest loans, or white-hot housing markets. It is merely healthy. Quote Link to comment Share on other sites More sharing options...
uncertaintraveler Posted June 23, 2005 Share Posted June 23, 2005 KJB434:So which one is it? First you say "The housing bubble (if it exists) shows no sign of bursting."Then you write: Predicting these things are not always easy. You see them building, but you don't know when they'll pop if they do. Remembe the stock market in the 90s. Leading up to the burst, know one new it would happen. The people who diversified were ok, the tech heavy people were hit.<{POST_SNAPBACK}>Sounds like you are trying to be on both sides of the, ahem, curve here...And, if I may ask, exactly how does one diversify in regard to their personal home? Have two homes in two different locales?Regardless, even if Houston's market isn't as hot or overvalued as that in other cities, when the housing market begins to falter (here and/or elsewhere), our market will feel the effect from other markets' collapse, and ultimately, prices overall in all markets will begin to fall. After all, no market exists in geographic isolation... Quote Link to comment Share on other sites More sharing options...
Guest danax Posted June 24, 2005 Share Posted June 24, 2005 Predicting these things are not always easy. You see them building, but you don't know when they'll pop if they do. Remembe the stock market in the 90s. Leading up to the burst, know one new it would happen. The people who diversified were ok, the tech heavy people were hit.<{POST_SNAPBACK}>Some saw the stock market collapse coming. Many talked about the bubble just like now. The "smart money" saw the classic signs, overpriced stocks and mostly, the bottom of the barrel "investors" buying. When baggers in grocery stores and prison guards start to discuss their portfolios, that's a sure sign that the last buyers have been sucked into the market, meaning, there will soon be no one left to buy and then the top is formed and the only way to go is down.I'm no expert and the housing market is different than the stock markets but we have some similarities. A lot of the new buyers are first-timers with bad credit. That seems to be where a lot of the mortgages are coming from now. The loan programs have gone in the direction of attracting these people. Interest only and 40 year loans are becoming more and more common. So, you've got people with no solid track record of financial responsibility getting into houses with no equity and little chance of building any. Also, most of the bad credit buyers get ARM programs, usually 2/28 or 3/27, meaning, in 2 or 3 years if 1) rates go up and 2) prices go down or even stand still, these folks won't be able to refinance and will have to either ride the ARM roller coaster with payments going up every 6 months or just bail out and foreclose if they can't handle the increase.I'm not predicting a doomsday scene but the indicators are there. If it happens, we should be ok compared to CA (bad). Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted June 24, 2005 Share Posted June 24, 2005 Hrm... Im not sure I agree with that. Quote Link to comment Share on other sites More sharing options...
jt16 Posted June 24, 2005 Share Posted June 24, 2005 Seems right on to me. With 30% of mortgages nationwide interest only or short-term arms, there are a lot of peope in homes they can't afford. I'm not sure this will affect the high-rise market, however, as this seems to be a pretty nascent market, at least in Houston. I don't think anyone can say how a RE bubble would affect these investors. Quote Link to comment Share on other sites More sharing options...
N Judah Posted June 24, 2005 Share Posted June 24, 2005 Very Vancouver-y. It looks a lot like that Azure building that's going up in Dallas. Quote Link to comment Share on other sites More sharing options...
HtownKid Posted July 17, 2005 Share Posted July 17, 2005 Does This Project have a website?An what is Gables River Oaks I went to their site an it wasnt listed Quote Link to comment Share on other sites More sharing options...
AAA Posted July 17, 2005 Share Posted July 17, 2005 Does This Project have a website?An what is Gables River Oaks I went to their site an it wasnt listed<{POST_SNAPBACK}>www.2727kirby.com although there really isnt much there right now... Quote Link to comment Share on other sites More sharing options...
AAA Posted July 22, 2005 Share Posted July 22, 2005 They have added a bit to their web site. It sounds more and more like the Azure in Dallas everyday...Unrivaled design proffers an unparalleled lifestyle at 2727 Kirby. There is no need for upgrades as each exclusive residence and private-entry estate presents the finest features and finishes available; each is a masterpiece of design, elegance and luxury. Features such as large, private terraces, soaring ceilings, imported stone flooring and European cabinetry are standard. At 2727, you are embraced, swathed and surrounded in superlative style and unmatched service. Your home is the archetype of elegance and excellence in Houston. Exclusive Residences and Private-Access EstatesInteriors Quote Link to comment Share on other sites More sharing options...
uncertaintraveler Posted July 22, 2005 Share Posted July 22, 2005 How can they offer gas cooktops in the kitchen?Every condo I've looked at has electric cooktops and when I ask way, I'm always told that gas cooktops aren't allowed in multistory developments under the code requirements. Quote Link to comment Share on other sites More sharing options...
YakuzaIce Posted July 22, 2005 Share Posted July 22, 2005 I just looked at the site and the night rendering with the fireworks and downtown in the background looks really good.Does anyone know how many have been presold? Quote Link to comment Share on other sites More sharing options...
AAA Posted July 22, 2005 Share Posted July 22, 2005 I just looked at the site and the night rendering with the fireworks and downtown in the background looks really good.Does anyone know how many have been presold?<{POST_SNAPBACK}>I would bet zero. I filled out the contact info a few weeks ago and have yet to hear anything. I don't think they even have a sales office yet. Quote Link to comment Share on other sites More sharing options...
YakuzaIce Posted July 22, 2005 Share Posted July 22, 2005 I would bet zero. I filled out the contact info a few weeks ago and have yet to hear anything. I don't think they even have a sales office yet.<{POST_SNAPBACK}>Hmm that is kind of surprising considering it has been proposed for over a year I believe. Maybe they haven't started yet considering they changed the design and I believe made it taller (I think it was originally 24 stories, now around 30). Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted July 23, 2005 Share Posted July 23, 2005 Or maybe they're just messing around with us, and don't really intend to do anything, like every other high rise developer in the city of Houston. Quote Link to comment Share on other sites More sharing options...
YakuzaIce Posted July 23, 2005 Share Posted July 23, 2005 Or maybe they're just messing around with us, and don't really intend to do anything, like every other high rise developer in the city of Houston.<{POST_SNAPBACK}>Everyone is so pessimistic after Shamrock. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted July 23, 2005 Share Posted July 23, 2005 How can they offer gas cooktops in the kitchen?Every condo I've looked at has electric cooktops and when I ask way, I'm always told that gas cooktops aren't allowed in multistory developments under the code requirements.<{POST_SNAPBACK}>I think you've been lied to. I'm pretty sure I've seen some gas cooktops in highrise buildings in Houston. The Mercer advertises gas cooktops in their units. Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted July 27, 2005 Share Posted July 27, 2005 You can definitely have gas cook tops in a high rise development. However, it increases the insurance costs and most developers only care about the bottom line. I am fairly certain that the Orion will have gas cooktops. They certainly are running gas lines to fuel the summer kitchens. Quote Link to comment Share on other sites More sharing options...
kjb434 Posted August 3, 2005 Share Posted August 3, 2005 The site for the 2727 Kirby Condo tower has been updated with floor plans. Of course they are going to make you register to see them.The pool for the building is planned to be above the level of the trees in the area. This would give you astonisthing views of Downtown and the TMC.2727 Kirby Quote Link to comment Share on other sites More sharing options...
YakuzaIce Posted August 13, 2005 Share Posted August 13, 2005 Well just to revive this thread, and since I had already done it for another forum. I present to you the 2727 Kirby night rendering. Quote Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted August 15, 2005 Share Posted August 15, 2005 Very attractive night viewing. Good lighting. Quote Link to comment Share on other sites More sharing options...
The New Juniper Posted August 15, 2005 Share Posted August 15, 2005 they can be installed, it's just very expensive to supply and to vent correctly. Quote Link to comment Share on other sites More sharing options...
RedScare Posted August 15, 2005 Share Posted August 15, 2005 Seems like it would be expensive setting off those fireworks every night, though. Quote Link to comment Share on other sites More sharing options...
The New Juniper Posted August 16, 2005 Share Posted August 16, 2005 How can they offer gas cooktops in the kitchen?Every condo I've looked at has electric cooktops and when I ask way, I'm always told that gas cooktops aren't allowed in multistory developments under the code requirements.<{POST_SNAPBACK}>What makes this project different is the developer. This guy is a solid guy, life-long Houstonian and wealthy enough to actually pull it off. Our community needs more like this guy rather than carpet-baggers trying to siphon off cash and move on. It does look and sound like Azure. I toured their sales office (Azure's) recently and WOW did they spend some cash on that place. Good news for Texas, the bar is being raised and everyone will have to follow suit to keep up! Quote Link to comment Share on other sites More sharing options...
houston-development Posted August 16, 2005 Share Posted August 16, 2005 and wealthy enough to actually pull it off. Our community needs more like this guy rather than carpet-baggers trying to siphon off cash and move on. <{POST_SNAPBACK}> well i wouldnt say that... mike is a decent guy, dont get me wrong but, well, you know Quote Link to comment Share on other sites More sharing options...
Talbot Posted August 17, 2005 Share Posted August 17, 2005 Wow, that night lighting looks pretty awesome. Quote Link to comment Share on other sites More sharing options...
voxx Posted August 17, 2005 Share Posted August 17, 2005 Well just to revive this thread, and since I had already done it for another forum. I present to you the 2727 Kirby night rendering. <{POST_SNAPBACK}> looks (not exactly, But similar) to Dallas new W Hotel and Penthouses in their new super chic Victory Park area. Quote Link to comment Share on other sites More sharing options...
UrbaNerd Posted August 17, 2005 Author Share Posted August 17, 2005 Not really. This one does not have a big W stamped on its forehead In basic form, with the weird 'crown" thingy, perhaps. Overall, no. Plus, this one uses much more steel. To tell you the truth, I'm not too impressed with the design of the W at all. Quote Link to comment Share on other sites More sharing options...
voxx Posted August 17, 2005 Share Posted August 17, 2005 Not really. This one does not have a big W stamped on its forehead  In basic form, with the weird 'crown" thingy, perhaps. Overall, no.Plus, this one uses much more steel. To tell you the truth, I'm not too impressed with the design of the W at all. <{POST_SNAPBACK}> The rendering that you posted of the W Dallas is an old rendering W Dallas will have 31 floors and also has a 15 floor tower attached to the side of it as well to mimic the main tower. The design was somewhat modified to make it bigger. Quote Link to comment Share on other sites More sharing options...
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