1
00:00:00,320 --> 00:00:02,560
One of the many issues we face here in Texas

2
00:00:02,560 --> 00:00:04,080
is the pricing on housing.

3
00:00:04,080 --> 00:00:06,160
Houses are crazy expensive here, and there's a
couple of

4
00:00:06,160 --> 00:00:06,720
reasons for that.

5
00:00:06,720 --> 00:00:08,720
So, first of all, is due to the major
population

6
00:00:08,720 --> 00:00:10,560
spike, which is unavoidable, right?

7
00:00:10,800 --> 00:00:13,680
Both Texas and California have the largest
population spikes in

8
00:00:13,680 --> 00:00:16,560
the past decade, especially around here where
I live.

9
00:00:16,800 --> 00:00:19,200
But another one too, and it's something that's
being worked

10
00:00:19,200 --> 00:00:20,560
on is zoning issues.

11
00:00:20,560 --> 00:00:22,640
There have been zoning laws saying that you
cannot build

12
00:00:22,640 --> 00:00:26,720
multiplexes and nuplexes in certain areas,
particularly around city areas.

13
00:00:26,720 --> 00:00:29,360
And this was just something to stimulate the
market back

14
00:00:29,360 --> 00:00:32,320
in the day, but it's it's not helping us
anymore,

15
00:00:32,320 --> 00:00:35,040
especially now, especially with the population
boom, and it's something

16
00:00:35,040 --> 00:00:36,960
that is being worked on, uh, but it will be

17
00:00:36,960 --> 00:00:39,920
worked on at the speed of government, which is
incredibly

18
00:00:39,920 --> 00:00:40,560
slow.

19
00:00:41,040 --> 00:00:43,920
But one thing I really want to uh raise
attention

20
00:00:43,920 --> 00:00:45,840
to, because one thing that is not being taken
care

21
00:00:45,840 --> 00:00:48,000
of right now, it seems, one thing that is
being

22
00:00:48,000 --> 00:00:51,280
unchecked is a problem where we have a few
amount

23
00:00:51,360 --> 00:00:55,040
of big massive corporations buying up lots and
lots of

24
00:00:55,040 --> 00:00:58,640
houses with only the intention to turn them
into rental

25
00:00:58,640 --> 00:00:59,360
homes.

26
00:00:59,360 --> 00:01:03,280
Uh, this is something where they target
certain areas where

27
00:01:03,280 --> 00:01:06,960
they know the supply for housing is low, so
they

28
00:01:06,960 --> 00:01:09,280
know the demand will be high, and they target
those

29
00:01:09,280 --> 00:01:12,320
particular areas because they know as they
take up the

30
00:01:12,320 --> 00:01:16,320
last amount of remaining supply, that
increases their demand.

31
00:01:16,320 --> 00:01:20,160
So it's actually in their corporation's best
interest to target

32
00:01:20,160 --> 00:01:23,840
the problem areas, the areas where we have
where we

33
00:01:23,840 --> 00:01:26,000
have a low supply of houses.

34
00:01:26,000 --> 00:01:28,320
So this is something that that hurts us really
bad,

35
00:01:28,320 --> 00:01:29,920
something that we just really need to take
care of.
