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Muse - Hysteria
'cause I want it now
I want it now
give me your heart and your soul
I'm not breaking down
I'm breaking out
last chance to lose control
I want it now
give me your heart and your soul
I'm not breaking down
I'm breaking out
last chance to lose control
Source Data:
FRB: Z.1 Release
The rental market in Houston is hot. They knocking my place down (inner loop) and putting up some new apartments. The thing is, the whole area is littered with new projects which have been completed less than a year or will be complete by the end of this year.
ReplyDeleteI feel like one of those kids in the Goonies.
Luke Smith,
ReplyDeleteYes! Goonies!
Mama Fratelli: Rock-a-bye baby on the tree top. When the wind blows the cradle will rock. When the bough breaks the cradle will fall...
Sloth: Break! Fall!
Mama Fratelli: No! I only dropped once.
Sloth: Ahh!
Mama Fratelli: Well, maybe twice. No Sloth! Put me down!
The thing is, the whole area is littered with new projects...
ReplyDeleteBehold the wonders of capitalism and intense competition. All that rental income just inspires more and more people to get a piece of the action.
And then poof... something happens to the rental income (increased competition drives prices down).
The chart in this post has boom and bust written all over it in my opinion.
On the other hand, rental income could rise as older Americans sell their homes and opt to rent instead. It's a lot of work to rake the leaves when you're 80+ years old.
And on that third hand, large houses sold to move into smaller apartments will not exactly help out the housing market all that well.
1001 Chinese Tales: High rent, housing prices killing will of ‘ant tribe’
ReplyDeleteA girl asks her boyfriend, "Sweetie, why can't we live in a nicer, more expensive place?"
"But darling, we're going to live in a more expensive apartment soon - the landlord is raising our rent," her boyfriend bitterly responds.
The joke could not better depict the frustration of tenants in Beijing, who desperately want to buy their own home and escape the shackles of a landlord.