Posts Tagged ‘real estate’
The Ashby Hi-Rise situation has put the problems with Houston’s development regulations in the spotlight. The way the city does business today offers neither the protections that residents desire, nor the predictability that developers need to do business. If we’re not careful, the backlash from this event could make things even worse. Fortunately, there’s a win-win alternative that can solve this problem and make Houston a better place to live and do business.
I was pretty excited to be quoted in the Chronicle two days ago. With regards to the passage of the Transit Corridor Streets ordinance, Mike Snyder reported the following: The changes drew support from real estate organizations including Houstonians for Responsible Growth, which generally resists new development regulation. But others who have followed Houston’s efforts [...]
Houston Tomorrow linked to a report on TOD that I found pretty interesting. The report basically broke down the impact of transit on property values as measured across the country for the last ten years or so. They found that the majority of the value of the transit line actually accumulates prior to the transit [...]
Today we’re going to take a look at some of the residential infill development that has taken place in Midtown, and see what a difference good interface can make. If you haven’t read the background material on this one, here’s a quick summary. Interface is the connection between public and private space. It’s the street, [...]
Cities and developers around the country are trying to find innovative ways to use vacant lots while they wait for the market to recover. What can Houston learn from these efforts, and where might we apply them?
Yesterday the Chronicle posted an interesting article titled: Did street closing bypass fairness? Neighbors inherit wealthy Rivercrest’s traffic problem. The article considers the plight of the Briargrove Park subdivision, which has seen a significant increase in traffic since the adjacent Rivercrest subdivision succeeded in having their streets made into one-way (exit only) at Westhiemer. The [...]
My Property Value Theory In urban settings the root value of all property is its attractiveness to human use, which I call “people-productivity“. This is different from resource-productivity, which is the basis for rural land values. There are two major things that attract people in a macro level: natural conditions (good weather, beautiful scenery, etc) [...]
Tuesday we took a look at the fundamental components of property values, at a macro level. In short, properties fall in two categories: resource-productive, and people-productive. Generally, if a property isn’t a farm or some kind of mine (or well) then it’s value is derived from it’s ability to attract human use. When humans use [...]
Continuing from my earlier post on Transportation Theory, today I wanted to take a look at property values, and what creates value in land. Again, these are my own words, but are drawn from the extensive graduate research I did as well as my professional experience as a real estate consultant. [serialposts] Two Kinds of [...]
Today I had the chance to attend the ULI-Houston Mayoral Candidate Forum. Since this was a members-only event for ULI, most of Houston didn’t get to be there (which is a shame, really, because it was a great event!). So, knowing my readers would probably have appreciated knowing what was discussed, I took the best [...]