July 26, 2009
Why is Houston Real Estate So Cheap?
cashmaker81 asked:
I'm from Florida and i am astonished, in shock, about the real estate prices in Houston. There's got to be a reason this property is so cheap, but I havent heard anything bad about Houston beside it being hot and humid. Maybe I'm giving away a secret, but there's got to be something wrong for the real estate to be so cheap. I am compelled to buy some. Somebody who knows something I don't about these prices, please let me know!
I'm from Florida and i am astonished, in shock, about the real estate prices in Houston. There's got to be a reason this property is so cheap, but I havent heard anything bad about Houston beside it being hot and humid. Maybe I'm giving away a secret, but there's got to be something wrong for the real estate to be so cheap. I am compelled to buy some. Somebody who knows something I don't about these prices, please let me know!
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Filed under Investing by on Jul 26th, 2009. Comment. 
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Comments on Why is Houston Real Estate So Cheap?
Real estate prices are usually determined by supply and demand. The higher the demand, the higher the prices. My guess is that there is little demand for Houston real estate and very high supply.
Perhaps this is because there are less people moving into the area and more moving out. Or, there are SO MANY houses, it far outweighs the demand.
I have never lived in Houston, so this is all just my hypothesis.
Before you start buying, you’d better visit…
Houston is a melting pot of many different cultures. It’s all a supply and demand situation. If you like concrete it’s a great place to live…
because houston is sinking into the gulf
Its a big city. Lots of real estate available, unlike New York.
Houston has:
78% more murders than the rest of the Country.
146% more robberies than the rest of the Country.
156% more arson than the rest of the Country.
The list goes on and on…
Because nobody wants to live there. Of course, being from Florida, it might be that Houston’s real estate prices are inline, and Florida’s prices are vastly inflated.