Defining Homes • Ask the EXPERTS

With the economy still in a wicked mess, reports are that the latest trend in homebuying is not buying. Renters are on the rise. But are they? Real estate source Inman reported in January that it is cheaper to buy in the majority of the country’s larger cities. Keith Jurow reported last year on World Property Channel that a Harris Interactive survey found renting a better option. So which is it? We asked locals in the industry how the trends are swaying the Dallas housing market and the frustrations behind them.

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Michael Litzinger

Michael Litzinger
William Davis Realty Uptown

The trend has affected my business significantly. The firm I recently moved to seems to be more in tune with today’s market. Their streamlined, online process requires less paperwork which makes it better for the client, a much quicker turn around for me and better for the environment.

Leasing does move property these days, and I am just glad the industry moves in some fashion whether it’s leasing or selling.

I do think the trend has affected us locally somewhat, but not nearly as severely as in most other areas. I still feel good about the Dallas market.  I know Realtors in other areas that can’t say the same.

Buyers are decreasing to some degree. Even with low interest rates, I’ve had a lot of buyers come to me and then disappear.

 

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Derrick Dawson

Derrick Dawson
Texas Pride Realty

As an active and producing Realtor also working in property management, I’d say the rental trend has picked up significantly, but that doesn’t mean it’s been ideal for property renters/owners or for the multi-family industry. The rental market has been stable but faces some challenges based on broken leases due to financial hardship or unemployment. Many are playing it safe by downsizing or combining rental homes based on economic conditions, being fearful of keeping their jobs and saving for the future.
Today is a buyer’s market and an ideal time to get out of the rent race. The downfall to the buyer’s market that I have seen personally is buyers and investors taking advantage of desperate people in today’s markets, possibly causing detriment to individuals or families in their time of need but also bringing down values in those areas making it harder for others to sell.

 

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Dan Flynn

 

Dan Flynn
Dave Perry-Miller InTown

The trend of leasing over buying has changed the way I preview properties in my area. Leasing is so hot now, I’ve looked at rentals and try to know the different apartment communities close by. Now I am much faster to respond to leasing needs.

I process far more leases to build my future list of clients. I try to educate and prepare them for the buying process down the road. Using a Realtor to find the perfect place to lease makes a lot of sense for those wanting to buy in the future but also for those who don’t really want to do the legwork.

I recently represented a seller who could not sell his property for the amount he was hoping for. Finding qualified buyers in his market and price range wasn’t easy. Another Realtor’s client was interested in leasing the property so

I had to have that conversation with my seller. The seller decided to go with the lease. While sales are still going strong, leasing has increased. While this really is the time to buy, I think all the media attention scares buyers. Potential buyers need to know that the market is stable here and we are one of the cities leading the nation in sales right now.  Go buy a house now or pay more for it later both in price and interest rates.

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Keith M. Thomas

Keith M. Thomas
1111 Apartment Locators

Although the economy has definitely affected us here, it is worse in other areas of the country. Dallas continues to grow and so I feel the trend’s impact on Dallas has been positive.

My company is a fully licensed real estate brokerage company and we handle all residential and commercial real estate transactions yet, our primary business is apartment locating. We want to maintain focus on renters, but we’ve created strategic partnerships with other real estate companies and have a referral program with them. We work closely with our clients to help with all of their real estate needs.

For homes that have reasonable mortgages there is good news. In Dallas, the rental market has significantly gone up, especially from 2010 to present to a  94-97 percent occupancy rate.

Buyers become renters for two reasons: First, they are able to get a nicer home for a lower monthly payment. And second, it doesn’t make sense to buy unless you’re planning to stay. However, buyers are increasing, oddly enough. MetroTex Association of Realtors reported that last August 2010 there were 1,223 properties sold and this August 2011 there were 1,485.

It’s a landlords’ market. Rents are at a premium and good ones go fast. When I show my clients rentals, they want to think about it, I encourage them to act quickly, because the unit is gone within a day or two. Why should homeowners take a loss on waiting for a qualified buyer, when they can rent quickly and hold out for the market to improve?

This article appeared in the Dallas Voice print edition October 7, 2011.

—  Kevin Thomas

Broken Mould

Queer punk pioneer Bob Mould turned an abusive childhood into a musical movement, but memoir targets hardcore fans

2.5 out of 5 stars
SEE A LITTLE LIGHT: THE TRAIL OF RAGE AND MELODY
By Bob Mould (with Michael
Azerrad). 2001 (Little, Brown)
$25; 404 pp.

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It all starts with “Twinkle, Twinkle Little Star.” It continues with the itsy-bitsy spider, the ABCs and being a little teapot. From there, you embrace whatever your older siblings are listening to until you develop your own musical tastes. Maybe you started with records, moved on to the cassette tapes, CD and now, your iPod is full.

The point is, you’ve never been without your tunes.

But what about the people who make the music you love?

When Mould was born in 1960 in the northernmost end of New York, he entered a family wracked with grief: Just before he was born, Mould’s elder brother died of kidney cancer. He surmises that the timing of his birth resulted in his being a “golden child,” the family peacekeeper who sidestepped his father’s physical and psychological abuse.

“As a child,” he writes, “music was my escape.”

Mould’s father, surprisingly indulgent, bought his son guitars and young Bob taught himself to play chords and create songs. By the time he entered high school, Mould knew that he had to get out of New York and away from his family. He also knew he was gay, which would be a problem in his small hometown.

He applied for and entered college in Minnesota, where he started taking serious guitar lessons and drinking heavily. His frustrations led him to launch a punk rock band that made a notable impact on American indie music.

Named after a children’s game, Hüsker Dü performed nationally and internationally, but Mould muses that perhaps youth was against them. He seemed to have a love-hate relationship with his bandmates, and though he had become the band’s leader, there were resentments and accusations until the band finally split.

HUSKER DON’T | Bob Mould turned his youthful rage and homosexuality into a music career. (Photo by Noah Kalina)

But there were other bands and there were other loves than music, as Mould grew and learned to channel the rage inside him and the anger that volcanoed from it.

“I spent two years rebuilding and reinventing myself,” writes Mould. “Now that I’ve integrated who I am and what I do, I finally feel whole.”

If you remember with fondness the ‘80s, with its angry lyrics and mosh pits, then you’ll love this book. For most readers, though, See a Little Light is going to be a struggle. Mould spends a lot of time on a litany of clubs, recording studios, and locales he played some 30 years ago — which is fine if you were a fellow musician or a rabid, hardcore fan. This part of the book goes on… and on… and on, relentlessness and relatively esoteric in nature.

Admittedly, Mould shines when writing about his personal life but even so, he’s strangely dismissive and abrupt with former loves, bandmates, and even family. I enjoyed the occasional private tale; unfortunately there were not enough.

Overall, See a Little Light is great for Mould fanboys and those were heavy into the punk scene. For most readers, though, this book is way out of tune.

— Terri Schlichenmeyer

This article appeared in the Dallas Voice print edition August 26, 2011.

—  Michael Stephens

Starvoice • 06.17.11

By Jack Fertig

CELEBRITY BIRTHDAY

Meredith Baxter turns 64 on Tuesday. For most of the ’80s, Baxter played Elyse Keaton on Family Ties. She’s mostly been seen in TV films and guest-starring roles. In an interview with Matt Lauer on Today back in 2009, she came out of the closet as lesbian. Her memoir Untied was released this past March.

THIS WEEK

For the next few months we get a taste of the Uranus-Pluto square that will dominate the next five years. Recent political turmoil has just been the set-up for major crises and changes ahead. Astrologically it looks a lot like 1848, 1939 and the ‘60s. Buckle your seatbelts; it’s gonna get bumpy.

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GEMINI  May 21-Jun 20
As dystopian as the future looks, you’ll find a way to thrive. Trust your instincts and reconsider the most important lessons you learned from your mother. Talking with siblings can clarify that.

CANCER  Jun 21-Jul 22
Frustrations in love and career are too big to solve by yourself. Fortunately you have some very wise and resourceful friends. As odd as their ideas may seem, they will likely help.

LEO  Jul 23-Aug 22
It’s easy to worry yourself sick. Arguments make it worse. Focus on your career. Working through sexual issues is healing. Quiet time alone gives you space to think about what you need to do.

VIRGO  Aug 23-Sep 22
Sharing your innermost thoughts will open up ideas for creative fun. On the way, you open up some difficult childhood memories. Resolving an ugly past can clear the way for a better future.

LIBRA  Sep 23-Oct 22
Your home and partnership are heading for big changes. Be generous and comforting in bed. Family commitments need to change. Be clear on what those are. Be adaptive at work.

SCORPIO  Oct 23-Nov 21
Obsessing on details leads to accidents and misunderstandings. Don’t neglect the important details; just keep it all in perspective. Your partner’s advice and practical support will prove helpful.

SAGITTARIUS  Nov 22-Dec 20
Now’s the time to find a job you enjoy. Channeling your sexual charisma into the job search is helpful, but if you already like your work that charisma can go back to what it does best.

CAPRICORN  Dec 21-Jan 19
Trying to manage your family or community will backfire. Focus on having fun. If you’re looking for love, play at being moody, broody and intense; but remember, you’re playing.

AQUARIUS  Jan 20-Feb 18
Conversations open up deep psychological insights. Don’t be afraid to ask questions of your family, no matter how odd. Releasing old tensions could have surprising health benefits.

PISCES  Feb 19-Mar 19
Reality is challenging your values and your plans, but that’s life. Adaptability and a sense of humor will help you stay true to your core while everything else goes crazy.

ARIES  Mar 20-Apr 19
Be very sure that your career is in line with your ambitions. Being unhappy on your job track will get you derailed. Contempt for authority is well-deserved but pick your battles strategically.

TAURUS  Apr 20-May 20
“Bad religion” is a subjective experience. Focus on your own personal beliefs; know where you find clarity, support and reassurance. Respect others’ paths while finding your own.

Jack Fertig can be reached at 415-864-8302 or Starjack.com

This article appeared in the Dallas Voice print edition June 17, 2011.

—  Michael Stephens