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    The Rumble Part II

    Heights Walmart heats up: Mayor Annise Parker won't defend the project, notes she's no SuperCenter shopper

    Carolina Astrain
    Sep 2, 2010 | 12:54 am
    Parker said she is not a Walmart customer.

    Traffic was one major concern at the public meeting Mayor Annise Parker held on the Heights Walmart plans Wednesday night at the High School for Law Enforcement and Criminal Justice on Dickinson Street. But in the second public meeting in eight days addressing concerns over the Walmart-Ainbinder Company development, the city’s proposed 380 Agreement with the developers took center stage.

    The 380 Agreement is a statewide compensation program, which would reimburse the developer building the Walmart (Ainbinder) up to $6 million through city tax money for infrastructure such as widening roads and increasing drainage.

    People in the crowd kept telling Parker they do not want a Walmart at the site.

    “I’m not going to defend it,” Parker said to a troubled crowd. “I don’t shop at Walmart.”

    During the Q&A portion of the meeting residents kept harping on traffic. One Heights resident asked why City Council would even consider talking about the project before all of the research on traffic is done.

    Jeff Weatherford, deputy director of public works at the City of Houston, said, “If we’re wrong, we’re wrong. We’ll go back and make some adjustments.”

    The crowd wasn't nearly as loud or as organized as the red-clad group that filled a large room at the George R. Brown Convention Center for the first public meeting last week, but passions still ran high. There was still an unintentional bit of color symbolism at this meeting though. The high school auditorium where the meeting was held is almost all blue — from the seats to the curtains on stage. Of course, blue is the color most associated with Walmart.

    Only city officials were on the stage at this meeting with no official representatives from Ainbinder or Walmart present like they were at last week's George R. Brown affair.

    A Heights resident spoke out about an apartment building that would have to be demolished for the Koehler Street extension onto Yale that the SuperCenter would need.

    “Those people are going to be evicted in the next 90 days and are now seeking legal help,” Heights resident Anne Marie said.

    The mayor expects the Walmart development to reach City Council’s agenda as early as Sept. 15.

    The crowd and the venue were smaller for the second public meeting on the Heights Walmart project, but passions we're still high.

    Walmart meeting 2nd crowd
    Photo by Carolina Astrain
    The crowd and the venue were smaller for the second public meeting on the Heights Walmart project, but passions we're still high.
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    housing news

    This is how much longer Texans must save for a home than in 2016

    Amber Heckler
    Jul 6, 2026 | 4:00 pm
    House fund
    Photo by Kostiantyn Li on Unsplash
    It would take more than 7 years for a Texas household making over $84,000 a year to save enough money for a down payment on a home.

    It's no secret that purchasing a home in 2026 has become an ever-shifting financial goalpost that requires a lot more money than it used to. And a new study has just revealed it takes 9 months longer for Texas residents to save for a down payment than it did a decade ago.

    SmartAsset's new report, "Where the Down Payment Burden Has Grown Most," analyzed typical home values in each state in 2016 and 2026, and compared them with median household income to estimate how many years of savings would be required to afford a 20 percent down payment (based on the assumption that households set aside 10 percent of their annual income). The analysis also evaluated how long a minimum-wage earner in each state would need to save for a down payment in 2026.

    For Texans making the state's median household income of $84,084 in 2026, it would take 7.2 years to save enough money for a down payment on a house with the state's typical home value of $302,187.

    In 2016, it would have taken a little less than 6.5 years based on a median household income of $56,565 and typical home values at $181,155.

    Texas ranks 41st nationally in SmartAsset's comparison of states with the highest increases in the amount of time needed to save for a down payment from 2016 to 2026. The report's findings proved how "saving for a down payment has become a moving target" for many Texas residents and Americans as a whole.

    "As rising home prices outstrip wage growth, the amount of time buyers may need to set aside enough money has changed sharply in many parts of the country," the report said. "In some states, rising incomes have helped offset higher home values. In others, buyers may face a substantially longer path to ownership than they did just one decade ago."

    Homebuying prospects for minimum wage earners
    For a minimum wage earner residing in Texas, it would take 40.1 years to save enough money for a down payment at current home prices. Texas and 19 other states have a $7.25 hourly minimum wage, which amounts to just over $15,000 a year.

    SmartAsset further confirmed that it's "essentially impossible" to save for a down payment on a minimum wage income alone regardless of which state you live in.

    "Even in Missouri, the most favorable state, a minimum-wage earner would need 17 years to save enough for a home down payment," the report added. "In Utah, that timeline exceeds 70 years."

    The top 10 states where the "down payment burden" has grown the most are:

    • No. 1 – Idaho
    • No. 2 – Rhode Island
    • No. 3 – New Hampshire
    • No. 4 – Maine
    • No. 5 – Utah
    • no. 6 – Montana
    • No. 7 – Washington
    • No. 8 – New Jersey
    • No. 9 – New York
    • No. 10 – Massachusetts
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