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Thursday, August 24, 2006

No Bubble in Houston - The World is Investing Here

I am meeting some really fascinating people, including self made entrepreneurs who own several businesses in different countries and others who are planning to build multimillion dollar projects in some exotic places (places like the Caymans, etc.). I love this type of stuff – each country has totally different laws, unwritten rules, etc.

One investor told me last night that the election in Mexico will shake lose a lot of investment from money leaving the country -- and much of it will come to Texas. He’s already bought land for it. I see money pouring into our area from around the world.

The buzz is that the Houston real estate market is going UP for at least the next two years while the rest of the country is going DOWN. We have no bubble in the Greater Houston area – people are moving here because it is still inexpensive to get property or live on the coast. And our population is doubling the next two decades!

In between all of this running around, I took our cat Louis the XIV to the vet for a shot. He is a black and white tabby who is getting old and his system needed a cortisone shot. The dogs went wild thinking that THEY were getting to GO somewhere, so it is always a zoo to keep them from running into the garage and jumping into the van. If you aren’t thinking two steps ahead of them, it is chaos. Henri weighs over 100 lbs and Lexie bounces off the walls, so taking them to the vet is like a mini version of the Ringling Brothers circus. Louis XIV loves the dogs and will put his nose in their ears. The other cat, Minou, is small and will not let a dog near her. They seem to be lobbying for a vacation lately by trying to get into the car if I leave a door open.

I feel bad for the people going through the bombings and killings in Iraq. It appears that a religious war has begun that is killing thousands of people. Sunni’s are having to move out of Shia areas and vice versa. It is re-segregation. Iraq was a secular state and women could dress western. Now it is becoming another Iran, run by radicals in each group -- and women have to cover up or face the nut jobs running around. It is a step back. It reminds me of the story of opening Pandora’s box.

It has been a busy summer, despite the intense heat. Let’s hope our quiet hurricane season stays that way. I am not up to another Hurricane Katrina/Rita repeat…I don’t think any of us are …

I’ve discovered a product that could be extremely useful when the next storm does come that could save damage in every building. Since we live on the coast, it’s only a matter of when, not if. More of that later, when I’ve got the deal signed…

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