One of the many issues we face here in Texas
is the pricing on housing.
Houses are crazy expensive here, and there's a couple of
reasons for that.
So, first of all, is due to the major population
spike, which is unavoidable, right?
Both Texas and California have the largest population spikes in
the past decade, especially around here where I live.
But another one too, and it's something that's being worked
on is zoning issues.
There have been zoning laws saying that you cannot build
multiplexes and nuplexes in certain areas, particularly around city areas.
And this was just something to stimulate the market back
in the day, but it's it's not helping us anymore,
especially now, especially with the population boom, and it's something
that is being worked on, uh, but it will be
worked on at the speed of government, which is incredibly
slow.
But one thing I really want to uh raise attention
to, because one thing that is not being taken care
of right now, it seems, one thing that is being
unchecked is a problem where we have a few amount
of big massive corporations buying up lots and lots of
houses with only the intention to turn them into rental
homes.
Uh, this is something where they target certain areas where
they know the supply for housing is low, so they
know the demand will be high, and they target those
particular areas because they know as they take up the
last amount of remaining supply, that increases their demand.
So it's actually in their corporation's best interest to target
the problem areas, the areas where we have where we
have a low supply of houses.
So this is something that that hurts us really bad,
something that we just really need to take care of.