Tulsa 3rd Best Place To Invest in a New Home!

[Gaspar]

http://realestate.msn.com/article.aspx?cp-documentid=26601873&GT1=35006

Right behind OKC!

The 5 best markets
And which areas did LMM pinpoint as having the best prospects for buyers in 2011? (Don't get too excited. The good news here isn't great, but it's better than the alternative.)

1. San Diego-Carlsbad-San Marcos, Calif.: The average price in this boom-and-bust market is predicted to increase 1% over the next year from the average actual home price of $336,679 at the end of the third quarter.

2. Oklahoma City: Homeowners here will be OK, with an increase of 1% in 2011, from an average of $156,948.

3. Tulsa, Okla.: No risk here: Prices will stay flat next year at $151,384.

4. Cincinnati-Middletown, Ohio-Ky.-Ind.: Ditto for this area: Prices will remain flat, at $175,347.

5. Lexington-Fayette, Ky.: This is a market at bottom: Prices here will decline about 1% from the average actual home price $183,084.

[TheArtist]

  Hmm, I still think we need to send more of our money to OKC to help them expand their jobs base and build more medical/research facilities.  We should settle for the crumbs and be perfectly happy.

http://www.newson6.com/Global/story.asp?S=13531559

[Gaspar]

  Hmm, I still think we need to send more of our money to OKC to help them expand their jobs base and build more medical/research facilities.  We should settle for the crumbs and be perfectly happy.

http://www.newson6.com/Global/story.asp?S=13531559

All we need to do is remove the obstacles that cripple development in Tulsa.  I heard an interesting term from a developer on Tuesday.  He called Tulsa a "development donut," meaning that development takes place in all of the fringe communities surrounding the city, but is nearly impossible in the core.

We could be so much better than OKC!  We have a far prettier landscape, and IMO a more attractive city in general.

[Conan71]

All we need to do is remove the obstacles that cripple development in Tulsa.  I heard an interesting term from a developer on Tuesday.  He called Tulsa a "development donut," meaning that development takes place in all of the fringe communities surrounding the city, but is nearly impossible in the core.

We could be so much better than OKC!  We have a far prettier landscape, and IMO a more attractive city in general.

Unless your name is Bumgarner or you specialize in Dryvit Tuscan regurgitations in neighborhoods where that style is a total misfit.

[SXSW]

  Hmm, I still think we need to send more of our money to OKC to help them expand their jobs base and build more medical/research facilities.  We should settle for the crumbs and be perfectly happy.

http://www.newson6.com/Global/story.asp?S=13531559

I mentioned it in another thread but we really need OSU and TU to step it up here.  OU is really a big part of the growth in OKC, can we say the same for OSU and TU? 

That is good news for those of us that recently bought houses here, and those looking to move here and buy a house.

[TheArtist]

All we need to do is remove the obstacles that cripple development in Tulsa.  I heard an interesting term from a developer on Tuesday.  He called Tulsa a "development donut," meaning that development takes place in all of the fringe communities surrounding the city, but is nearly impossible in the core.

We could be so much better than OKC!  We have a far prettier landscape, and IMO a more attractive city in general.

 There may indeed be some obstacles, but its not going to matter if we dont have the jobs and keep investing our tax dollars in OKC versus Tulsa.  Look at that one article again. If only Tulsa got half of what OU and the state were putting into the huge medical campus in OKC, we could be doing better.  I was reading another article in the Oklahoman a while back where they were talking about some of the new research and medical/biotech facilities the state and state universities (and generous Tulsans) are helping to build there.  The BILLIONS of dollars worth of new spin off companies and thousands of high paying jobs that would occur from the research, federal grants that would be flowing into the city, construction jobs, jobs working in the facilities, support jobs, new companies supporting the new medical/biotech center, etc. etc.  In other words they knew these investments were going to help OKCs economy.  

I think in one article it stated that one of the new OU buildings was going to cost about 90 or 100 million dollars.  But Tulsa got some money out of the deal too.... about 10 million.  Thats our "fair share"  10 percent.  Our metro is very similar in size to theirs, yet our fair share is 10% ?  We keep dividing up the tax dollars/investments like this year after year, decade after decade, and then we wonder why our economy isn't doing as well as theirs?  

 And another thing.  If the city or state isnt investing here, and generous Tulsans want to donate and leverage their donations... its no wonder that so much money goes down the turnpike to help the economy, health and welfare there.

"Boren said Thursday that Peggy and Charles Stephenson of Tulsa are donating $12 million for a new cancer center"

"The Stephensons pledged $15 million toward the construction of a new Life Sciences Research Center at OU in 2007."

"The Edward E. and Helen T. Bartlett Foundation of Tulsa has donated $500,000 to Oklahoma State University to endow the Harrison I. Bartlett Professorship in chemistry, OSU has announced.

The donation will go in a queue to be matched by the Oklahoma State Regents for Higher Education, as called for by state law. "
http://www.allbusiness.com/society-social/philanthropy-endowments/14687787-1.html



OU President David Boren announced Tuesday the gift from the Stuart Family Foundation .....will donate $1.5 million through their foundation to help establish a master of laws program at the University of Oklahoma College of Law.

Jon Stuart is president of First Stuart Corp. in Tulsa, and John B. Turner is executive vice president of the company and a partner in the Stuart, Biolchini & Turner law firm.
http://www.news9.com/Global/story.asp?S=13594722

The Donald W. Reynolds Department of Geriatric Medicine, established at the OU Health Sciences Center with an $11.2 million grant from the Reynolds Foundation, is one of the premier programs in education, research and service to elders.  http://www.ou.edu/publicaffairs/oufacts.html



And on and on I could go and didn't even begin to list some of the Tulsa people and companies that donate to things at the OSU Stillwater campus.  

I just wish there were more donations from generous OKC folk going to things in Tulsa and more state/federal dollars going here for medical, educational, and research.

But again, if the state regents don't allow it, and Tulsans don't fight for it, then the local publicly funded universities wont expand and thus also, won't afford outlets for local philanthropists to donate to local university projects. And we can just keep watching new facilities, endowments, and jobs, grow somewhere else.

[inteller]

Unless your name is Bumgarner or you specialize in Dryvit Tuscan regurgitations in neighborhoods where that style is a total misfit.

+1.....but typically both.