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Electric Cars Will Cause the Next Oil Crisis

Electric Cars Will Cause the Next Oil Crisis | Texas Coast Real Estate | Scoop.it
A shift is under way that will lead to widespread adoption of EVs in the next decade.
Michael Stuart's insight:

This isn’t something oil markets are planning for, and it’s easy to see why. Plug-in cars make up just one-tenth of 1 percent of the global car market today. They’re a rarity on the streets of most countries and still cost significantly more than similar gasoline burners. OPEC maintains that electric vehicles (EVs) will make up just 1 percent of cars in 2040. 


Batteries account for a third of the cost of building an electric car. For EVs to achieve widespread adoption, one of four things must happen:

1. Governments must offer incentives to lower the costs.
2. Manufacturers must accept extremely low profit margins.
3. Customers must be willing to pay more to drive electric. 
4. The cost of batteries must come down.


The rise of autonomous cars and ride-sharing services like Uber and Lyft, would put more cars on the road that drive more than 20,000 miles a year. The more miles a car drives, the more economical battery packs become. 


If these new services are successful, they could boost electric-vehicle market share to 50 percent of new cars by 2040, according to BNEF.

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Inspirato enters luxury single-family home market

Inspirato enters luxury single-family home market | Texas Coast Real Estate | Scoop.it
Inspirato is making the jump into the single-family rental realm/ownership with a new business arm, Inspirato Real Estate. Up until now, Inspirato has been in the hospitality business, but now it is creating a portfolio of luxury vacation homes. It is marketing homes as rental investments within its portfolio for people who are looking to buy a vacation home but are hesitant for fear of losing money on the home or never using it. "If you're thinking about buying a luxury vacation home, you typically . . .
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Why We Should Go Back to the Coast –

Why We Should Go Back to the Coast – | Texas Coast Real Estate | Scoop.it
Port Aransas has always been a place for Texans to relax, play, and make lasting memories. Now, after Harvey, it needs us just as much as we need it.
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South Padre Island aspires to attract cruise ships

South Padre Island aspires to attract cruise ships | Texas Coast Real Estate | Scoop.it
SOUTH PADRE ISLAND, RGV – A news story in Seatrade Cruise News says SPI Cruise Group – composed of four companies experienced in the port development, cruise and maritime industries – is creating a plan to develop South Padre Island into a destination for western Caribbean cruises. Anne Kalosh, U.S. editor of Seatrade Cruise Review and Seatrade Cruise News, wrote the story. “South Padre Island City Council recently approved the SPI Cruise Group’s proposal to create a plan to develop the destination for cruise calls,” Kalosh wrote. SPI Cruise Group is a partnership of seasoned cruise port design, maritime operations and marketing professionals. “With increasing emphasis on tourism sustainability and concerns of over-tourism in some Caribbean ports, cruise lines are seeking alternatives with existing tourism infrastructure. As cruising from Galveston grows, South Padre Island is well-positioned to provide a fresh new destination with attractive shore excursion opportunities that explore the land, sea and sky, as well as some of the most attractive beaches in the region,” Kalosh wrote. South Padre Island Mayor Dennis Stahl told Seatrade Cruise News: “South Padre Island has been a hidden US jewel for many years. We are looking forward to sharing our unique ecotourism sites, like Sea Turtle Inc., a renowned sea turtle rescue center, and the Birding and Nature Center, a world-class birdwatching destination, in addition to our pristine beaches and adventure activities.” Last October, just before taking over as mayor, Stahl told Ron Whitlock Reports that his goal is to make South Padre Island a world class tourism destination. “There is confidence on the island, a lot of confidence in the leadership and the direction we are headed. We have a great city council,” Stahl said, in an interview with Whitlock at Cafe Karma on South Padre Island. “We recently improved Gulf Boulevard. We are in the process right now of spending over $9.2 million to make this a more pedestrian-friendly island, with concrete ADA-compatible sidewalks on both sides of Padre Boulevard and raised medians all the way. The vision is to make SPI a world class visitor resort and a great home for residents. We have a ways to go but we are making good progress.” The Los Angeles Times reported in September that cruise lines are changing some eastern Caribbean ports of call and heading to Cozumel, Mexico, and alternate ports of call in the wake of Hurricane Irma’s destructive path. “More than 50 cruise ships have canceled or changed itineraries in the last few days because of Irma, which smacked some of the most popular cruise destinations in the world,” wrote reporter Mary Forgoine. “Common stops in the Caribbean such as the British Virgin Islands and the French-Dutch island St. Martin/St. Maarten were heavily damaged and continue to assess their losses. It’s unknown when these islands may be ready for cruise ships.” Click here to read the Seatrade Cruise News story. Click here to read the Ron Whitlock Reports story. Click here to read the Los Angeles Times story. Editor’s Note: The main image accompanying the above story shows the Norwegian Escape on sea trials. It sailed a revised western Caribbean itinerary through November due to the impact of Hurricane Irma in the eastern Caribbean. (Photo:  Michel Verdure)
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South Padre Island Residents Required to Obtain Re-Entry Stickers

South Padre Island Residents Required to Obtain Re-Entry Stickers | Texas Coast Real Estate | Scoop.it

South Padre Island officials want property owners to be ahead of June 1, the start of hurricane season.

 

In the event of an emergency evacuation, home and business owners must have a car sticker to get back on the island.

The stickers can be picked up at the police department.

 

To pick them up, islanders will need to bring completed vehicle identification sticker form and other items.

 

Residents should bring: A driver’s license
If their license does not show a South Padre Island address, bring proof of residency; such as a utility bill or copy of a rental lease.

License plate number, make, model and color of your vehicle(s) are also required.

 

Business owners or managers are only allotted four stickers.

They will need to provide:

  • Name of each employee
  • Copy of their license
  • License plate number
  • The make, model and color of vehicle


Residents can find more information on the city’s website.

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kiiitv.com | Port Aransas unveils mobile billboard

kiiitv.com | Port Aransas unveils mobile billboard | Texas Coast Real Estate | Scoop.it

The RV acts as a billboard on wheels across Texas rolling into a city near you. Mobile visitor's center.

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8 Prefab Firms in Washington Aiming to Solve the Area's Housing Shortages

8 Prefab Firms in Washington Aiming to Solve the Area's Housing Shortages | Texas Coast Real Estate | Scoop.it
Although Washington's cost of living continues to rise, these prefab companies are creating positive change with their affordable, eco-friendly homes.
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Hurricane preparations underway on South Padre Island

Hurricane preparations underway on South Padre Island | Texas Coast Real Estate | Scoop.it
The United States Army Corps of Engineers has been dredging sand that was clogging the shipping canal on South Padre Island and relocating it to the shore to prepare for hurricane season. The sand dredging project aims to build a barrier between the Gulf o
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South Padre Island Looking For Public's Help In Shoreline Survey

South Padre Island Looking For Public's Help In Shoreline Survey | Texas Coast Real Estate | Scoop.it

SOUTH PADRE ISLAND, Texas - The City of South Padre Island is asking for your help to identify problems with the city’s shoreline.

They are asking community members to fill out an online survey to assist the Shoreline Master Plan. 
Responses could help in planning programs such as tourism, education, conservation, and beach access.

In addition, the city will host a public meeting Tomorrow at 3PM for input on the Comprehensive Master Plan. This assessment is part of a $45,000 grant from the Gulf of Mexico Alliance Coastal Resilience. The city will assign an outside company, HDR Engineering, to identify and explore the opportunities.

You can find the Survey Here: https://www.surveymonkey.com/r/southpadreisland 
 

More details on the Shoreline Master Plan: http://www.kveo.com/news/local-news/the-shoreline-master-plan/876489008 
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Time for Texas to Kill Vacation Resort Fees

Time for Texas to Kill Vacation Resort Fees | Texas Coast Real Estate | Scoop.it

The problem with resort fees isn't just that they blindside us, they become a tax dodge.

 

  • With resort fees, hotels perform an accounting sleight of hand. Your true cost of renting a room may be, say, $200, but if managers carve off $30 as a "resort fee," the hotel saves on taxes.
  • So when visitors come to the U.S., they're dumbfounded and furious. Shock over these fees has generated some horrible press discouraging vacations in the United States

 

This is just more negative P.R. at a time when America needs better news. There's plenty of evidence that the practice pushes visitors to take their plans—and their money—to other countries.

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When your home is smart, will leaks go away? - Video - Technology

Home water monitoring systems are getting a consumer-friendly upgrade. Phyn and Buoy let you see how much water you're using, which devices are leaking and can shut off water remotely via a smartphone app.
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Port Aransas resident fed up with Texas Windstorm Insurance

Port Aransas resident fed up with Texas Windstorm Insurance | Texas Coast Real Estate | Scoop.it

Port Aransas residents are fed up with the Texas Windstorm Insurance Association (TWIA). One woman, Cherith Fenton, even put up a sign on the front of her house saying "Harvey Knocked Us Down But TWIA Keeps Us Down"

"All these years I've been paying insurance and I finally have to use it and they're not helping me."

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The 4 benefits of building a green home

The 4 benefits of building a green home | Texas Coast Real Estate | Scoop.it

Green homes create value 

  • Nationwide, the typical household spends about $2,150 on residential energy bills each year, but LEED-certified homes are designed to use about 30 to 60 percent less energy. 
  • Over the seven or eight years the typical family lives in a home, this adds up to thousands of dollars in savings. Levels of indoor air pollutants can often be four to five times higher than outdoor levels, and with people spending an average of 90 percent of their time indoors, the average American suffers from significant exposure to unhealthy indoor environments. LEED residential units provide significant value to consumers through dramatically improving upon these environmental health factors.
  • Green homes are built to be energy-efficient, ensuring that they can be comfortably heated and cooled with minimal energy usage. They are individually tested to minimize envelope and ductwork leakage and designed to minimize indoor and outdoor water usage.
  • Green homes are increasingly desirable. More than half of consumers rank green and energy-efficiency as top requirements for their next homes, and LEED certification is a top individual attribute of apartment rentals, second only to location near a central business district.
  • Green homes can be built for the same cost as—and sometimes less than—conventional homes. Average upfront costs of 2.4 percent are quickly recouped, as a homeowner will save money for the duration of his or her green home’s lifespan.
  • Green homes sell at higher prices and faster than comparable, conventional homes. According to a 2016 report, “What Is Green Worth? Unveiling High-Performance Home Premiums in Washington, D.C.," by real estate appraiser and author Sandra K. Adomatis and the Institute for Market Transformation, high-performing single family and multi-family homes with green features in Washington, D.C. will sell for 3.5 percent more than those without green features. 

Green homes are growing   

  • It is estimated that by 2018, the green, single-family housing market will represent about 40 percent of the market, and 84 percent of all residential construction will have sustainable features.
  • More than 370,105 residential units have earned LEED certification around the world, and this number continues to rise in countries like the United States., Canada, Saudi Arabia and China. Within the United States, states with the most LEED-certified homes include California, Texas, New York, New Jersey and Georgia.
  • The 2015 Green Building Economic Impact Study, released by USGBC and prepared by Booz Allen Hamilton, found that the residential green construction market is expected to grow from $55 million in 2015 to $100.4 million in 2018, representing a year-over-year growth of 24.5 percent.   

Green homes are healthier and safer

 

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UPS makes $41 million strategic cross-border investment in South Texas

UPS makes $41 million strategic cross-border investment in South Texas | Texas Coast Real Estate | Scoop.it

The Atlanta-based logistics giant announced development of a new package operations center to support commercial and residential commerce in the growing "North America Borderplex" between South Texas and Mexico.

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Texan Offers Very Texan Plan for the Coast of Texas

Texan Offers Very Texan Plan for the Coast of Texas | Texas Coast Real Estate | Scoop.it
Texan Offers Very Texan Plan for the Coast of Texas In a new book, lawyer Jim Blackburn suggests that engaging private landowners is the only way to manage the coast of his home state. January 2, 2018, 9am PST | Katharine Jose COMMENTS JimackShutterstock Hurricane Harvey brought up a number of questions for residents of the Gulf Coast of Texas. Was the damage so severe because of zoning, or sprawl, or climate change? Is it better to rebuild or buy out? Is a storm just as severe inevitable? And more than anything, how do we keep this from happening again? Environmental lawyer Jim Blackburn presents one strategy in his new book, A Texan Plan for the Texas Coast, calling “not for greater regulation but for new markets.” There are several unique attributes of the Gulf Coast of Texas that make a private-sector approach to management the strongest, according to the author, who leads a research group at Rice University called the Severe Storm Prevention, Education, and Evacuation from Disasters Center (SSPEED). “The Texas Gulf coast is one of the least regulated of U.S. coastal areas. Blackburn attests that without federal environmental law (Clean Air Act and Clean Water Act) and the Army Corps of Engineers, for which he taught in the 1980s, there would be no environmental law on the Texas coast. Since 1972, when Texas rejected the federal regulations and funding of the Coastal Zone Management Act (CZMA), the state has more or less managed its own coast.” A related attribute is that 80 percent of the land along the Texas Gulf Coast is privately owned. Private property rights in Texas are sacred, so that’s unlikely to change. “In a market economics based approach, private landholders would sell carbon sequestration credits to corporations in the form of (unregulated) commodity contracts. The consumer would then, ostensibly, purchase such products branded as carbon-neutral.” Not everyone believes that a voluntary system would be effective, but “Blackburn is optimistic. In his view, eco-services of ranching, birding, and fishing would continue to be maintained through private litigation, entrepreneurship, competition, and personal commitment." FULL STORY: Published on Tuesday, December 26, 2017 in Offcite via The Urban Edge TOPICS United States Texas Environment Government / Politics History / Preservation Land Use Urban Development Hurricane Harvey Jim Blackburn Houston Gulf Coast Carbon Sequestration Carbon Neutral Property Rights Private Land Environmental Regulation Rice University Severe Storm Prevention Education and Evacuation from Disasters Center
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'We've been forgotten': Hurricane Harvey and the long path to recovery | US news | The Guardian

'We've been forgotten': Hurricane Harvey and the long path to recovery | US news | The Guardian | Texas Coast Real Estate | Scoop.it
As Hurricane Harvey howled through the night and the roof and walls of their island home collapsed from the pressure of 130mph winds, the immediate task for Melani Zurawski and Tim Yoke was survival. The couple climbed to the attic of their rental home and tied themselves together with ripped-up sheets. As they lay down, Yoke steeled for the end and Zurawski clutched a marker pen, ready to scrawl her social security number on her arm to make it easier for rescuers to identify her body. That was nearly six months ago. The present challenge, a mood of slow-burning frustration rather than a life-or-death adrenaline rush, can be summed up by the wads of documents they have crammed into a satchel. And the location of those dossiers: a small but cozy and well-appointed trailer near the beach where they live with two friendly black labradors. Like several others in Port Aransas, it was provided not by the government but through Adapt A Vet, a small Texas organisation that helps military veterans and their families. “The non-profits have done a wonderful job for a lot of people but there’s so many more people in need. We need people to know what we’re still facing,” Zurawski said. After the influx of volunteers and emergency workers and donations to meet urgent basic needs, many of Harvey’s victims have endured a time-consuming, energy-sapping bureaucratic labyrinth: exacting rules, hours on hold to call centres, waits for site visits, more questions than answers and the anxiety that help will be curtailed even though a return to something that resembles normal life is still months or years away. “Our government has failed us,” said Zurawski, 48. “It’s really sad that we’ve been overlooked and forgotten. Our mayor has done what he can as well as our city manager. We started out strong … and as time went by things changed.” Like many small island communities, Port Aransas feels at once wide open and insular: before the storm the population was only 3,800, yet it welcomed about 5 million visitors a year. Reached by ferry or a causeway from Corpus Christi, the place would normally be at its most freewheeling next month, crammed with spring breakers. The beach is in excellent shape but many condos and hotels are still under repair and only about half the restaurants and bars are open. On a chilly and grey day last week, building contractors seemed to outnumber tourists. Ten or so men worked on the roof of a gift shop whose boarded-up entrance is shaped like a giant shark’s mouth. Harvey made landfall late on 25 August last year as a category 4 storm: the first hurricane of that magnitude to reach the US for 13 years and the most powerful to strike Texas since 1961. Downgraded before long to a tropical storm, it stalled and dumped record rainfall over Houston, causing catastrophic flooding in a metropolitan area of about seven million people. Houston’s soaking understandably drew most of the media and political gaze, but the coast was battered not only by rain but also wind and storm surge. While the disaster in Houston was epic in scale, the proportion of damaged structures was far higher in Port Aransas, where 85-90% of buildings were touched. “First ones hit, first ones forgotten,” said the mayor, Charles Bujan, who estimates the city sustained at least $700m in damage – a huge sum in a place where many residents work low-paid jobs in the tourist industry. Bujan said that between 100 and 150 unrepairable homes are either demolished or need to be: “Now we have a gigantic housing crisis.” He rates Fema’s performance as mixed. “Good job on debris removal and they have been very helpful to people that needed rental assistance, but when it comes to fulfilling their mission to provide housing on an 18-month basis, they are a dismal failure,” he said. Fema moved dozens of mobile homes to a field 65 miles from Port Aransas last year. But only a handful have been installed in the town. As of 7 February, according to the agency, eight applicants are housed out of 29 eligible, while 96 households are in Fema-funded hotels. “The use of manufactured housing units and travel trailers is an option of last resort. In this disaster, fewer than 2% of survivors approved for federal aid (370,000) were eligible for direct housing (6,600). Units are staged for hauling and installing as needed,” a Fema spokesman said. Temporary housing became a symbol of the botched response to Hurricane Katrina, with lawsuits alleging that “toxic trailers” exposed thousands of people to dangerous levels of formaldehyde. Bujan suspects that the agency’s previous problems led it to set the bar for eligibility so high that few would qualify. “They came here wanting to find some reason not to provide mobile homes. Instead of coming here with the intent on helping satisfy a need, they came here with the intent of finding a reason to deny it,” he said. The six-month point since Harvey struck is not only a symbolic marker. An eligibility review for those in Fema’s Transitional Shelter Assistance programme is set for 20 February, leaving some survivors wondering what the future holds. A trailer? An extended hotel stay? Or a cutoff? “It’s a monster mess,” said Mary Salg, manager of the Shark Reef Resort, where many families sheltered by Fema have stayed. “I know one person that got a trailer, one, and I’ve had 106 families come through my door.” Some are worried that future aid will be contingent on relocating to Corpus Christi, she said, and they fear that once they have left the island they will never return. Annetta Adams runs a vacation rental and guide fishing business with her husband, James. As well as navigating the vagaries of private insurance claims and repairing the ground floor of their turquoise-coloured house, where the water level reached 56in, they are taking care of Bubba, her father. “Right from the get-go I talked to Fema about getting housing for him, to get a trailer for him, and they were like, ‘Oh, well yeah, we can help with temporary housing, we can send him to Corpus.’ I’m like, ‘Yeah, and how’s that going to work?’ He’s 98, he doesn’t drive,” she said. Two site surveyors arrived in the first week of October, she said, but they planned to set up a 14ft by 65ft trailer that was too big for the plot and for a single elderly man. Then everything went quiet until last week, when a representative from the general land office – the state agency that is working with Fema on housing – got in touch to discuss installation. Russell Edge’s stubborn chihuahua survived when the storm struck, but the 65-year-old lost almost everything else. “I did get help from Fema but it was just the basics. I got about $3,000; that was for rent and personal property,” Edge said. He plays guitar at a pirate-themed bar and pays $400 a month in rent for a trailer supplied by Adapt A Vet. Fema, he said, “knew my home was totalled, they knew my home was unlivable, but they have yet to reach out and say ‘we have something’.” Despite everything, sipping a drink in a bright and smartly-restored coffee house, Edge sounded optimistic about the future of Port Aransas and its people. “I was raised all my life – Southern Baptist – that the good Lord will never put you through more than you can handle,” he said.
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Orlando Beats Out Las Vegas As Most Popular Spring Break Destination

Orlando Beats Out Las Vegas As Most Popular Spring Break Destination | Texas Coast Real Estate | Scoop.it
Now that the Winter Olympics are over, we can fully focus on the best American pastime: Spring Break. Whether you live in the wintery northeast or the land of the winter sun, the allure of the holiday can get you through the last doldrums of winter. According to data and trends from the experts, here is what the cool kids are doing this year. Orlando takes Las Vegas’ spot as the most popular Spring Break destination on KAYAK. In one of the more obvious trends, hot places that are in the United States continue to reign supreme for Spring Break 2018. Dave Solomito, Vice President of North America Marketing for KAYAK says that family-friendly destinations like Orlando and Las Vegas are perennial favorites. The two cities have been “duking it out for the number one spot the last few years,” he adds. That being said, recent events in Florida could damper interest in vacationing in the state by the time March rolls around. David Hogg, a survivor of the shooting at Marjory Stoneman Douglas High School in Parkland recently called for a boycott of spring break in Florida this year until the state passes gun control legislation. For some domestic getaways, millennial spring breakers drive overall tourism spending. Dovetailing on the finding above, Mastercard found that for some cities in America, millennial spring breakers are the majority spenders at the hotels. I’m not sure exactly how that translates on the ground, but it sounds like a lot of jello shots and white t-shirt contests. These cities included Corpus Christi, Texas; Myrtle Beach, South Carolina and Panama City, Florida. However, Mastercard noted that since 2014, Panama City has been trying to attract higher-spending families after cracking down on Spring Break beach partying. Puerto Rico is still recovering Although the All-Star Island has officially declared itself ready for tourism, visitor interest in Puerto Rico has dropped significantly since Hurricane Maria according to Fareness, an airfare search application and site. February 2018 saw one-tenth the number of bookings as in 2017, although they did calculate the data a few days before the end of February. However, Fareness founder and CEO Scott Wainner says, “I think that travel will increase closer to the summer.” If you’re interested in visiting Puerto Rico, the airfare website calculated round trip averages from the continental United States to be around $278.23. The island is full of perfect spring break beaches. Hawaiian flights are cheaper in 2018. Honolulu finally broke into KAYAK’s ten most popular spring break destinations. Interest in traveling to Kahului, Hawaii was up 19% when compared to last year. “We’re seeing several carriers add more flight routes to Hawaii. Increased competition helps to make airfare more affordable, and therefore, the destination more desirable,” explains Solomito. “As a result, . The vacation rentals for Spring Break 2018 are all about the perks. Vacation property management company Vacasa found that vacation home bookings for spring break feature at least one of the following amenities: grills, hot tubs, pools, decks or fireplaces. They also noticed an uptick in larger groups or family rentals, rather than solo travelers booking small apartments or houses. Spring Break is stretching out. Thanks to cheaper long-haul flights and increased interest in international destinations, Skyscanner says that there’s been an increase in the number of travelers booking a longer length of stay. The global travel search site based this on their over 60 million monthly active users. To which we say: this is a trend we can get behind. Spring Break forever. (Name that movie.)
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United Airlines to fly nonstop from Chicago to South Padre Island

United Airlines to fly nonstop from Chicago to South Padre Island | Texas Coast Real Estate | Scoop.it

Beginning in November United Airlines will start weekly nonstop service between Brownsville South Padre Island International Airport and Chicago O’Hare International Airport.

 

  • We expect to see more chicago folks renting -buying Texas beach homes; as-well-as, getting more affordable cosmetic surgery and dentistry on the border.

 

“We are proud to expand our services to offer a United Airlines direct flight to Chicago O’Hare International Airport,” said airport director Bryant Walker. “These flights are an excellent addition to our services and will provide convenient travel for visitors from the Midwest including Snowbirds, Winter Texans and their families.”

 

According to United’s website, the flight is scheduled to leave Chicago at 9 a.m. on Saturday mornings and arrive in Brownsville South Padre at 12:29 p.m.

 

  • The flight to Chicago will leave Brownsville at 1:30 p.m. and arrive in Chicago three hours later.
  • One way tickets are as low as $175 to a high of $575 and round-trip vary from $389 to $1,149.
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State of American Vacation 2018

State of American Vacation 2018 | Texas Coast Real Estate | Scoop.it

America’s vacation behavior is changing—and for the better.

State of American Vacation 2018 shows improvement in America’s work culture. While a transformation is not at hand, the beginnings of change may be.

 

Employers are showing signs of having more encouraging vacation cultures, and employees are feeling more confident about using the time they earn.


There is still a long way to go, with more than half of Americans leaving vacation time on the table. In analyzing how vacation time was spent, the data shows an unmistakably strong correlation between travel and happiness that forces the question, does the function of the time or the time itself have a greater impact?

 

  • 17.2 Average Number of Vacation Days Taken in 2017
  • 52% American Employees with Unused Vacation
  • 705M Total Unused Vacation Days Annually
  • 212M Total Forfeited Vacation Days Annually
  • $255B Potential Economic Impact of America’s Unused Vacation
  • 1.9M Potential American Jobs Created by America’s Unused Vacation

A lot more Texans could use the beaches just hours away!

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Texas' Best Cities for Real Estate are San Antonio & Ft Worth

Texas' Best Cities for Real Estate are San Antonio & Ft Worth | Texas Coast Real Estate | Scoop.it
San Antonio, like Fort Worth, is one of the best bets in Texas. Population growth has been good but not too strong to overwhelm the real estate market, job growth is very good and tourism is more important than oil. The large military presence is a long-term risk because it can shrink rapidly. Home prices are in balance with local income and with rents; single-family homes can be rented out without modification and the rental market is large (40%).

Among the smaller markets, only a few have the combination of growth and good demand for housing (rising home prices) that make investing in single-family rentals an easy decision. College Station and Killeen top the list, with Tyler a possibility.

The Permian Basin shale oil markets (Lubbock, Midland, Odessa) are for pure speculators only--and the boom may already be over.

 

The border markets, El Paso, Laredo, McAllen and Brownsville have greater economic uncertainty in the current political climate, and a low-income renter population that usually translates into higher management costs.

The United States of Texas is a microcosm of what's happening in the rest of the U.S.--more of the growth, population and real estate opportunity getting concentrated in fewer, larger markets.

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The South Padre Shoreline Master Plan

The South Padre Shoreline Master Plan | Texas Coast Real Estate | Scoop.it
A new vision is in the works in South Padre Island and city leaders want to make sure the public is part of the upcoming changes.

 

A new vision is in the works in South Padre Island and city leaders want to make sure the public is part of the upcoming changes.

This week, the city hosts a public workshop to discuss the city’s upcoming master plan.

 

Over the past 2 years, SPI has undergone changes in leadership, including a new city manager, new acting mayor and staff,

ask community members join the discussion of the Shoreline Master Plan.

 

The plan is set to discuss many aspects important to Island residents such as tourism, education, conservation, and beach/bay Access.

 

Shoreline Manager for SPI, Brandon Hill, says there is a need for a master plan. He states, “if you don’t have that roadmap moving forward, then as you move as a community you don’t really have a goal to aim for.”

 

The city will assign an outside company, HDR Engineering, to identify and explore the opportunities. https://www.hdrinc.com/ 

 

In Part, this assessment is made possible through a 45-thousand-dollar grant from the Gulf of Mexico Alliance Coastal Resilience.

 

Some residents are concerned that local meetings like these are difficult for property owners who may not live in South Padre Island. That is why Mark Dunham, a property manager representing other property owners, came to this meeting.

  • Dunham says his presence at the meeting is equally important to local property owners and those who are not actively in the Rio Grande Valley.
  •  “They just want to make sure they are in the loop   and aware about the direction that the island is going to be taking,” says Dunham.

 

City Manager Susanne Guthrie claims that meetings like these are a way include concerned residents voice their needs. “We don’t want to make decisions in a vacuum we really want input from the community. And then we’ll develop a plan that will give us guidance for the years to come,” says Guthrie.  

 

In short, workshop is for the creation of a shoreline master plan. The completed plan is expected to be completed sometime in March. Despite the focus on the master plan, residents were worried that communication would be an issue.

 

“We want to be notified in advance so that we can be part of the process. That has not happened in the past,” says Dunham.  

The city tells us they want to be transparent about their decisions with public meetings like the Shoreline Master Plan workshop.

 

They ask residents with concerns to sign up to their weekly newsletters, join their social media outlets, sign up for weekly emails, or even just contact city hall for more information.

 
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Port a Recovery slower than hoped for on the Texas coast

Port a Recovery slower than hoped for on the Texas coast | Texas Coast Real Estate | Scoop.it
Port Aransas was pounded by Hurricane Harvey last summer. Now it’s tourist season and businesses race to reopen.

 

  • Port Aransas, a beach town on a barrier island near the middle of the Texas coast, is almost entirely dependent on tourism.
  • March accounts for 20 percent of the $400 million it brings in every year from visitors.
  • Half of the city’s income comes in between Memorial Day and Labor Day.
  • But rebuilding is taking longer than most anticipated.

 

Everyone keeps saying two to three years. We want that to not be true, but it seems like it could be,” said Vanessa Garcia, office manager for Bernie’s Beach House. “We’re just reminding ourselves that we’re lucky to be open at all.”

 

Hurricane damage estimated at $125 billion by NOAA stretched along more than 250 miles of coastline from Corpus Christi to Louisiana. In Harris County, which includes Houston, 2,732 people are still using temporary housing. The program has been extended several times and is set to expire on April 23.

 

Port Aransas had 4,000 residents before the storm and about 3,000 now. More than 4.5 million visitors come annually. “Everything in Port Aransas was totally, absolutely devastated,” Bujan said.

 

The pristine beaches, which are the main draw for visitors here, helped the island to swell each day, but the lack of overnight lodging caused the city to empty out every evening.

 

Some residents and business owners have left, frustrated with insurance payouts, construction delays or lack of money to be made. The ones who remain, Bujan said, “have saltwater in their veins.”

“They love the beauty of the sea, but they also understand its power,” he said.

 

 

 

The city is confident it will have a good summer once word gets out that it is open for business and people see how much work it took to get that way.

 

“Port Aransas is probably a fortunate community in all of this because people do have so many positive memories,” Garcia said. “They were here before it was shiny and polished, helped it get that way and want to help get it that way again.”

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Dallas Fed: Texas’ manufacturing activity rises to levels not seen since 2005

Dallas Fed: Texas’ manufacturing activity rises to levels not seen since 2005 | Texas Coast Real Estate | Scoop.it
Labor shortage weighs on manufacturing industry, with some considering increased automation.
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Airbnb Adds Hotels and Luxury Listings to Bolster Growth

Airbnb Adds Hotels and Luxury Listings to Bolster Growth | Texas Coast Real Estate | Scoop.it

The company is grappling with limited inventory in some popular destinations and has initially struggled to branch out beyond its core business into offbeat excursions and experiences.

 

Airbnb grew into one of the world’s most highly valued startups by convincing travelers to rent a room in other people’s homes, but it is working to make the booking service appeal to business travelers, families and others to compete with Expedia Inc. and others.

 

Many properties owners on the Texas coast keep bookings year-round using only Airbnb and adjusting their rates.

 

  • Airbnb is now for everyone, with these additional listings ranging from a popular tree-house to high-end villas in Paris
  • Airbnb had revenue of $2.57 billion last year and was close to breaking even, with a $75 million loss, according to financial statements reviewed by The Wall Street Journal.
  • Among the company’s new listings are abodes suitable for weddings and dinner parties.
  • Airbnb thus far has inspected and certified 2,000 homes from 4.5 million listings worldwide that qualify for the Plus designation. The CEO said he expects 75,000 to be verified by year-end.
  • To help offset the cost of home inspections and professional photography, Airbnb is charging hosts $149 to apply for the Plus designation. Hosts will be listed more prominently on Airbnb’s site and could potentially charge more for their certified homes. The company will reward its best hosts, known as Superhosts, with a higher-level of customer support and access to discounted home-improvement goods, said Mr. Chesky. That includes a 30% discount on Alphabet Inc . Nest devices.
  • Its new loyalty program, dubbed Superguests, puts it more in line with hotels’ offerings, many of which give free nights or other discounts to their best customers.

 

Airbnb hopes to reach 1 billion annual bookings by 2028, the company said Thursday. It’s booked a total of 300 million over the past 10 years.

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Facts to know about Corpus Christi's South Padre Island Drive

Facts to know about Corpus Christi's South Padre Island Drive | Texas Coast Real Estate | Scoop.it
The most important thing to remember about South Padre Island Drive in Corpus Christi is that you cannot get to South Padre Island, TX by driving it.
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Why Dallas-Fort Worth has the greatest gains of out-of-state residents in Texas

Why Dallas-Fort Worth has the greatest gains of out-of-state residents in Texas | Texas Coast Real Estate | Scoop.it
North Texas' four counties were a top destination in Texas for relocating out-of-state residents, according to the latest report by the Texas Association of Realtors.
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