One of the largest rhetorical weapons in the arsenal regularly wielded by proponents of repurposing or demolishing the Astrodome  over the last several years has been a brutal financial factoid regularly drawn into arguments over the Houston landmark’s future. How much money in maintenance and debt-service costs have county taxpayers had to spend just to keep the retired sports stadium around and rotting? Why $2.4 million or so each year, claimed news report after news report after editorial after news report. Like the once-record-breaking 642-ft. clear span inside, it was just one of those things people who were paying attention knew.
But that figure isn’t accurate, Harris County’s budget chief now says. And at a meeting called by Judge Ed Emmett this week, Bill Jackson tried to set the record straight: First, he said, the Astrodome is “essentially debt free“; all but 5 percent of outstanding debt payments connected to the facility stem from work done in 2002 and 2003 — after the Dome had been retired from professional sports — to prepare the larger park for the Texans to use it. (The total amount of that remaining debt, according to a Houston Chronicle recalculation earlier this year, is $6 million.) Using the accounting principle of “first in, first out,” this means that all debts attributable to the Dome itself have now been paid for, Jackson said.
How about maintenance and insurance costs, then?
“. . . Affordable is in the eye of the beholder.
My brother wants to buy his first house, and I explained it to him thusly: To see how much house you can afford, NEVER start with one of those mortgage calculators. Instead, do the following: Evaluate your month to month finances. Figure out how much you can comfortably spend on housing every month, using your own situation of debts, expenses, etc. Multiply by 2/3 to see how much you can pay on a mortgage (the remaining 1/3 is escrow fees to cover required insurance, taxes, etc, which the mortgage calculators leave out.). THEN go to the mortgage calculator and work it backwards to see what price range you should be in. This will be your threshold for affordability. You will then probably want to knock off 10 or 12% and give that number to a realtor (this way if they show you something over your price range that you like, you can still go for it).
That said, on a macro scale, the affordability indices do have merit. Large corporations use the data to help determine where to locate offices. Federal and State governments use them to help determine who gets housing dollars. But it is important that we not treat those numbers as gospel for what we, individually, can afford in terms of housing.” [
A former city librarian is channeling the don’t-stop-the-renovating spirit of 
Crowdfunding efforts for 2 separate Houston ventures featured on Swamplot last month have achieved their fundraising goals. Rebecca Masson tells Swamplot that “Fluff Bake Bar will happen,” after a campaign on Kickstarter brought in $53,580 in donations. But Masson says she’s “still in talks” with the landlord about 
“I actually really like the idea of crowdsource funding for real estate. The real estate market is too frequently weighed down with the plodding work of the institutional investors and REITs. Anything that steps slightly outside of the box is tossed before renderings are even drawn. While industries like consumer electronics and automobiles race to deliver the next and greatest new thing to customers, the real estate industry seems to be forever stuck in doing the same crap over and over as long as it makes the predicted return. If done well, crowdsourcing could potentially offer up some real innovation in real estate and shake up the ‘monkey see, monkey do’ work of the established actors in the industry. And if people lose their shirts, they will only have themselves to blame and cannot hide behind some big name REIT or investment bank.” [
The Houston Parks Board, needing funding for the 40-mile Cypress Creek Greenway, commissioned a study that concluded that the Cypress Creek Greenway needs funding. Apparently, the creek that runs between IAH and Hwy. 290 is the only one of the 10 waterways involved in that 
Houston Politics’ Mike Morris is reporting that city council will vote today to decide whether it will loan Pearl Real Estate up to $7.4 million toward the $81 million renovation and redevelopment of the 22-story 
A $58 million bond measure to reimburse developer DR Horton for utility and road construction on 400 soon-to-be-developed acres just south of The Woodlands and east of Gosling Rd. is expected to pass in today’s election by a mere 2 votes. The couple expected to account for the winning margin just moved into the area in a trailer they’ve parked in a clearing. And, yeah, they’ll be the only people allowed to vote on the measure. Does this sound like a strange picture in an elective democracy? 
Saddled with a “terrible” location — a lonely strip center on Barker Cypress Rd., halfway between Katy and Cypress, year-old Ranch Bakery is taking to Kickstarter to raise funds to — break its lease? No — start up a food truck, explains owner John Homrighausen. 
