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jgriff

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Everything posted by jgriff

  1. jgriff
    BP was actually upgraded today. Big companies like BP and Exxon will be fine. It's employees that could have problems, especially at service and manufacturing companies related to the energy industry. The Northwest side of the Beltway and the Energy Corridor are filled with service and manufacturing companies. http://www.cnbc.com/id/102236082?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=102236082 Again, I don't think this is the end of the world but I do believe Houston will see a slowdown. I work for an energy related company and I am in a position to hire and fire. The contingency plan for a slowdown is layoffs.
  2. jgriff
    You are correct bobruss. Sorry for being so argumentative. I'm not having a good day, I should probably step away from the computer for a while.
  3. jgriff
    Yes. you quoted me and told me that I misunderstood his statement. That is not true.
  4. jgriff
    No, I am understanding his statement. I am talking about the small lake that they added a few years ago that's right next to the freeway. I stood next to it everyday waiting for the bus. I'm not sure why people think I'm talking about the other one. I'm talking about the one on the East side of Post Oak, I'm not talking about the original lakes of Post Oak. Why do you guys think I'm talking about the other one? I stood at the bus stop next to the red arrow in this picture.
  5. jgriff
    Yes, falling oil prices are not good news for Houston but we've been through it before and we'll get through it again. It probably won't be near as bad as the last time either.
  6. jgriff
    Yes, things are much different than they were in the 80s. We've had downturns since the 80s. We can have one again.
  7. jgriff
    You are correct. I'm already seeing projects being canceled or shelved in my company. If you've lived in Houston very long you've been through this before. Why people think it will be any different this time is beyond my understanding. I think most people realize this probably won't be as bad as the 80s. Yes, Houston does have other industries but we had other industries during the last downturn too. We've been through downturns since the big crash of the 80s. This will just be another one if it happens.
  8. jgriff
    No, I'm talking about the one next to the freeway not the one on the other side of Post Oak.
  9. jgriff
    Sorry but your "No" is incorrect. Developers cannot build on land they don't own or have rights to develop on given to them by the owner. If you want to take someone's property to change that or use tax payer money to allow poorer people to live where they can't afford to pay their own way then that changes things. I'd like to live in Malibu on the beach. Maybe we can manipulate the political system to make that possible for me.
  10. jgriff
    Developers build on what property is available. They can't just build anywhere they want.
  11. jgriff
    Ok. I now realize that the author of that article is a man, not a woman. Check out his website if you like wasting some time. The photo he uses of himself is priceless.
  12. jgriff
    Seems like a bitter person to me that can't deal with change. I can't believe she actually complains about people that won't patronize businesses late at night because they have to get up to go to their oil industry jobs in the morning. Maybe if she had gone home a little earlier and gotten up earlier she would have been able to buy a place where she wants to live. Instead she wants to steal from others with rent control.
  13. jgriff
    I'm in the middle of up-sizing to a closer in neighborhood. I can tell you there is a shortage of SFH in the $700k-$800k range. I put down a deposit on a place near River Oaks a few weeks back. One week later the prices of the remaining 5 units in the development were raised by $10k and the only other one under construction sold also. It seemed like nearly every place I looked at was pending sold. My RE agent advised me to sign the papers right away if I wanted to get the place and she was correct. Getting a low interest 15 year loan on my first house and the equity I gained from the resurgence of Houston RE prices enabled me to move from a townhouse in the Memorial Villages area to a much larger SFH in the River Oaks shopping center area.
  14. jgriff
    Unfortunately for the rest of us who read your posts they usually seemed designed to provoke a reaction in others.They are also often misinformed and off topic. It seems like they are designed to drag other people into an argument where you can foist your political views on the rest of us. I for one am not interested in what your politics tells you is the "truth". I'm sure none of this matters though since it doesn't matter what people think of you.
  15. jgriff
    That's actually the building next to it, 500 Jefferson. I worked there years ago. 600 Jefferson is nearly identical except for the facade.
  16. jgriff
    Can you tell us what point you are trying to make? We know that crude from Keystone won't lower gasoline prices. We know that a lot of LNG will be exported from the terminals being built in Texas right now. Is there some other point?
  17. jgriff
    Its not supposed to have an impact on US gas prices. Its against the law to export unrefined crude from the U.S. The oil from the Keystone pipeline would have been refined in the Houston area and shipped abroad. It would have provided jobs and tax payments in the Houston and Beaumont/Port Arthur area.
  18. jgriff
    I was involved with one move to the Energy Corridor. That company moved because the lease on the building was much cheaper than the Galleria location they were in. Also most of their employees live in Sugarland, Cinco Ranch and Katy.
  19. jgriff
    Does anyone have any new information on Regent Square? I'm about to put in a bid on a townhouse that's very close to the site. I would appreciate any news.
  20. jgriff
    Market Square Tower won't cover that wall. There's a surface parking lot between the new tower and the ballet building.
  21. jgriff
    I rode the bus for almost 5 years, 2.5 to downtown and 2.5 to the Galleria. I live in the Memorial Villages area. I rode the bus so that I could own a Ferrari and not have to drive it to work everyday. The bus that took me to work in the morning was almost always on time and never skipped me. I only remember it being significantly late once. This was due to the bus breaking down. They sent another out as soon as they could. Downtown was a much shorter ride since it was a straight shot on one bus. This also saved me the $130 a month I would have been spending on a parking spot downtown. The Galleria was a longer ride even though it was half the distance. I had to ride to the Northwest Transit center and wait there for a bus that took me into the Galleria area. This bus went mostly down Post Oak. In the mornings it was OK but in the afternoons on the way home it wasn't. The traffic on Post Oak was so bad that the bus was always late, that made me miss the bus at the Transit Center. Sometimes it would take me an hour and a half to get to my house that was only 5.5 miles from my work. If we had a dedicated bus lane or light rail on Post Oak it would have made my ride much easier. Of course light rail down Post Oak would cost an enormous amount of money. I really didn't see many people on that bus route. My bus was never full. I guess it would be a little selfish of me to expect other people to pay for a super expensive light rail project so that I could save miles on my Ferrari and get home a little faster
  22. jgriff
    I've been to most of those for conferences too. I agree. Las Vegas, Orlando, Dallas, etc... I was bored in all of them. Conferences usually are not conducive to having time to do anything fun. I was bored when I went to India for 2 weeks. I was bored in South Korea. The only place in the world that I would really like to go back to is the South of France. Every where else I've been I can't wait to get back to Houston so I can have some fun and eat good food.
  23. jgriff
    If oil drops much more that's exactly what is going to happen. In fact it seems that this is the goal that the Saudis are trying to achieve. They can make money at $70 a barrel. At that price much of the production in the U.S. will stop because we can't make money at that price. It's much more expensive to produce oil in the U.S. than it is in Saudi Arabia.
  24. jgriff
    Another article today on what the Saudis are doing. http://finance.yahoo.com/news/facing-oil-glut-saudis-avoid-1980s-mistakes-halt-005348902--finance.html It seems to me that they are taking the right strategy to avoid a complete crash in prices. Unfortunately that strategy involves lowering prices enough to slow production and exploration in the U.S. In my opinion we are headed for a slow down in Houston. I don't think this will be anywhere close to what happened in the 80s though. This should be more like what happened around the year 1998-2001. I don't see a real estate crash. I think we'll just not see as many of the projects we like to talk about on here happen.
  25. jgriff
    Right here.... https://goo.gl/maps/nShHy
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