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What I have noticed covering San Antonio is that there are areas where building is very over saturated but are areas that locals wouldn’t be interested in. Builders were banking on out of town migration which surged in 2020-2021 but slowed considerably. I just covered how an institutional investor bought 28 homes on 1 street in a Lennar new build community, but are now selling 24% 2022 list
Why is lower real estate prices due to increased supply bad for a metro? Long term, a correction is sorely needed. I say this as a property owner in the metro.
Definitely correct. As a property owner in the Austin area, it is scary. Glad we do not need to sell anytime soon. The strange thing is there is still a lot of building going on. I suspect some of these are completions of older projects that were started in 2023 or prior boom. They tend to be out to the East and West of the city in formerly rural areas.
Builders are never nimble. They build until they literally become unprofitable. What choice do they have? If they stop, they cease to exist, and further, if they stop they dump a lot of workers onto the market, creating a recession. That's why builders are such a big part of the boom/bust credit cycle. We are way overdue for a bust of biblical proportions.
Austinite here. I think there are waaaay more investors here over the past few years than were reported. Looking for a house in 2021-2022 was insane. Remote, all-cash buyers everywhere. Now they're all trying to flee the sinking ship. This can't be even mostly actual primary dwellings.
@@Sonofawildanimal I wonder what happens when they get to the point where it's no longer a big investment, I'm worried about a sell-off stampede. It'll probably be much slower than a stock sell-off.
Do you think calling it a sinking ship is accurate? In my perspective, I’m more relieved that there are finally enough new development communities to bring home prices back to something more reasonable
@@randomtricksvideos I think if you've got skin in the game or are considering buying in, you'd be wise to consider it a weakening investment, if short-medium term gain is your goal. None of the key indicators tell a different story, unfortunately. I feel the most bad for low income local homeowners who've had their houses for quite some time in Austin who are now facing radically inflated valuations that are driving up their tax bills and making their long-term homes unaffordable. 2-3% tax rates are no joke. I think, for Austin suburbs, $150/sqft is a fair price. It's heading there, but I fear that the numbers are saying it'll dip perhaps significantly south of that. My personal suspicion is that rampant speculation and subsequent evacuation of the market is the culprit. Builders lag on market trends, which explains the inventory flooding the market now and (being partially to blame for, as you say) pushing down prices. Again, I feel super bad for those who will likely fall on hard times because of this.
I’m trying to buy my first home in Austin early next year so I’m here for all of this. Finally seeing some decent listings in my price range. 🤞for the rates to come down closer to 5 by then
If the rates are still terrible I’ll wait but I’m not trying to time some theoretical bottom in prices. Austin has always held up really well and is the most desirable place to live anywhere close to it
@@petetown13 That's probably the right call. I personally wouldn't buy anything over there over $150/sqft (like up in Pflugerville/Round Rock or Cedar Park) or I'd feel like I was overpaying. Closer to the city would ofc be higher. Best of luck with your search! ❤️
I don't see why home prices going down is that big of an issue. Yes, it would be if you are looking to sell. But, this is great news for people looking to buy a home and should be good news too for current homeowners because lower home values equals lower property taxes.
Interesting. I like that inventory tracker and hope you show more of it. I am in the Northeast where inventory is still low. Nevertheless, it's nice to see some areas of the country gaining inventory. It gives me hope that things may, at least, return to normal. These past few years have been crazy.
Good stuff, Jason! To avoid the data normalization issues with the vendor data used throughout the video, I tend to lean towards metrics over time (price to income, price to rent, months of supply, days on market, interest rates, job growth, unemployment rate, population growth, housing starts, building permits, foreclosure rates, YOY price changes, etc.) For leading indicators, I like the consumer confidence index, pending home sales, local development plans and especially mortgage application volumes. In the end, we get to about the same place, but we also move beyond the rudimentary/cumbersome graphs that vendors provide. I'll be investing in the Austin area most likely in 2025-26 depending on how the national political climate evolves. Thanks for your work!
Once the smart money starts to leave RE for bonds the cascade will start. He who panics fist panics best. Investor selling will make inventory skyrocket because they add inventory but zero demand. As inventory grows, prices will decline which will encourage more investor selling. Feedback loops are hard to break once established.. that’s why home prices went up over the last two years despite higher rates.. and why prices still crashed from 09-12 despite massive rate cuts.
I’ve covered lately American Homes for Rent and First Key Homes, 2 big institutional investors, moving from buying to now selling at deep discounts. They particularly want out of tx where property taxes soared
I was wondering about the property taxes, there. They are sooo high! In my state they tend to be lower than a lot of states, so when I was browsing homes in Texas, Ilast year, I knew there was no way I'd be buying anything there. Too rich for my blood! @@REWatchman
The higher rates go the lower homes go, the lower rates go the higher homes go. Remember 2.8% rates when people needed auctioneers so many people were showing up as soon as a home listed, buying with no appraisal, no inspections, paying as much as 100k OVER asking. We were lucky to have found our house at a great price and great rate, Gave the seller their asking price, we paid for appraisal and inspection, seller paid closing costs and made repairs/ replacements that the inspection found. Also saturating an area with over building WILL lower values. A lot of builders are building multi family as well as single family as build to rent not build to own.
Wow, thanks for the information. The Texas spring market dies on Memorial Day. Everyone goes on vacation. This doesn’t look good for sellers. We hope to buy our retirement home there but we are not in a hurry.
Homes looks less expensive to Californians but they don't know about the property taxes. Its at least $10,000 per year for a 3000 sqft home. Remember home prices in Austin, TX being in the price range of $90,000's to $150,000's in 2009 and 2010.
Very detailed report. Thanks. Crime has also become a HUGE problem in Austin. Not to mention pollution and traffic congestion. Austin's "Golden Age" is long past, sadly. Still overpriced by 50-80% in many areas imo.
It needs to drop another 20-30%. New home builders are being stubborn and trying to prop up prices with temporary rate buy-downs incentives. This just kicks the can down the road. I wonder how many rate buy downs loans are getting reset in 2025/2026? With all the tech companies layoffs there is definitely trouble in paradise its only a matter of time unless consumer level 30 yr fixed mortgages get back down to 2.5-3% which I don’t see happening with our debt situation as a country.
All these sub-standard track houses built by investment companies are sitting empty. The new construction quality is so poor that buying a double wide from the 1980s would be a better built home. Flippers and AirBnB wannabees have not helped. Quality built homes at fair prices will still move imho. My thoughts: - Sales Tax needs to fund Texas and not homeowners. Property tax and insurance is out of control. - Austin used to be serious about quality lots and tree filled neighborhoods. All the subdivisions just out of city limits are boring, barren and way over-priced. - Back to the builders - the flaws and cheap construction is embarrassing. The aggressive HOAs are unpalatable. - People are fleeing Texas for stable energy grid, cooler temperatures and better weather. - Religion in politics just give Texas the worse of both. I am an Austin / Georgetown owner for 30 years. However, I've moved 100 miles out of the metro area to have low property taxes. I am off-grid and building a custom self-build super-house. Fire, flood, bullet and earthquake resistant. Its own power and water. I encourage others to self-build as well. Its slow but high quality.
This is just an example of how it just takes a few home owners getting spooked to start an inventory avalanche. Worst case would be a big investor starts cutting holdings.
Spooked? Surely some of that, but there is also a flood of new builds. And a lot of investors/Airbnb-ers who wanted to cash in on the covid bubble... and a variety of forced sales from people who could not hold off selling any longer. I'd say it's an even mix of all four cohorts.
Some houses here are depreciating more than 19% from the peak. They’ll go down more imo. Property taxes will also impact depreciation here, they rob you with them.
I was there 1 yr. ago looking for homes in the austin suburbs....I'm glad I didn't buy then. There was a cool development with 3d printed homes in Georgetown...I stopped to look at it...they had 2 security guards come up to me, and say I could not take pics or videos.
I’d love to see a video if there are still opportunities in Austin taxes , what is your sense ? Should an investor wait until it goes x% down? Is it temporary and the factors of economy are strong (tech city , university, metropolis , growing population ) ? You covered current state . Would love to hear projections
If you’re an investor and find a property that has a good ROI then go for it. Just be conservative on your estimates and future projections for rent and expenses. It’s nearly impossible to time the market.
Austin prices are not going to fall. the inventory may rise. the reason is the transplant remote workers moving into the city added a lot of affluency to the area so they will hold no matter what and you will see this
@@richiebee33with 7% interest rates that's expected and this is after almost 70% price growth, the only thing that can bring back Austin prices to pre pandemic is recession which seems unlikely
Hi Jason, Just back from a conference in Denver a week ago. In the pre-conference Ken McElroys shows Austin is leading new supply( primarily multi-family) for 2024-2025 national waise. But as long term game player, after 2025 there are no new supply. So 2024-2025 in his opinions is the most difficult time for seller or multifamily syndicates with a lot of competition. After that will be seller's market again. Anyways this is a place still affordable and populations/jobs move in. If you are a long term game player this might be the opportunity for you. I have a house near Tesla and the tenant are laid off. I have a great PM help me listed with a right price and get rented out in a week. The jobs in Austin is much better than Phoenix and Orlando I have to say.
Funny - after 2025 will be seller's market? Do you know how many new homes were put up these several years? How Elon or the tech are doing then? If there is a recession, this can be a very long wait for the sellers.
You don’t have to say Austin, Texas every time. You can just say Austin. After you’ve said it 137 times, nobody is going “is he talking about Austin, Minnesota or Austin, Texas?”
Short-term, it is a concern. A few years from now, not a concern at all. By the end of the decade, you’ll look back and wish you bought during the dip (which is now).
There is nothing that will slow the market in Austin. People are going to keep buying, because it's cool to live here. All rich kids want to live here. Rich parents helping rich kids buy expensive homes. Nothing will change anytime soon.
A long way down to get back to anything resembling normality. Insanity is still at the heart of it all. Salaries just do not support these prices. In due time ....
Depends on what part of Florida… generally Florida is holding strong… SWFL’s inventory has an increased significantly, so much so it’s throwing off the inventory numbers for the entire state
Decades of ultra woke policies have made living in the city of Austin much less desirable than it used to be. Austin has a massive budget that it wastes egregiously- $250M for electric busses that have now been scrapped. $500M to build luxury hotels for the homeless. $7 Billion for "project connect" which mainly consisted of converting existing traffic lanes to lanes for the unemployed (bicycle lanes). Think of Austin like NYC- fun to visit but you don't want to live there.
Texas will continue to decline, you cannot attract and keep educated and professional citizens while simultaneously taking away their reproductive and voting rights. The economy in TX will decline as civilized and educated people leave that authoritarian state for both political and environmental reasons. In not too many years it will be too hot for people to live in TX and population will crash... it's coming and coming fast. TX and the entire gulf coast will suffer most from global climate change (heating) and ironically they are also the same states most likely to do nothing to mitigate it and in fact will likely try to accelerate it! Crazy, right? Well, this is the reality we live in.
Now is the time to buy, never been a better time to buy in history. If you’re sitting on the sidelines and not buying…. You’re going to miss out on this amazing opportunity.
Love the video as well as everyone's input in the comments. We recently offered on our potential first home needing repairs/updates & >60 DOM (North Austin). The offer was based on slightly smaller but similar homes recently sold in the same subdivision, but it appears the seller wants to value it at near 2022 prices minus repair costs, and compared to homes in other areas that are still active. We like the home and it has potential, but are practicing patience with this incoming data. Per Zillow, there's a lot of interest in the home, but it's just not going at it's current price. @JasonWalter1 Please keep these coming!
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Texan here. Love this news. Praying the government keeps their dumb hands out of the crash, let it happen, no bailouts for corpos or people.
Better hope a dem isnt in charge, good luck. This election is spicy and the dems are masters at faking a narrative
Hopefully this bring down the house prices in Austin. A lot of these houses are way overpriced!
Thats the thing, it won't drop. Sellers be crazy.
@@thunderb00m definitely good for renters tho
What I have noticed covering San Antonio is that there are areas where building is very over saturated but are areas that locals wouldn’t be interested in. Builders were banking on out of town migration which surged in 2020-2021 but slowed considerably. I just covered how an institutional investor bought 28 homes on 1 street in a Lennar new build community, but are now selling 24% 2022 list
Same thing happening in CA. Investors buying blocks of new homes, renting them and 1-2 years later many are for sale 8:27
Speculation is great until it's not.
@@MrTL3wis specDeflation lol
Austin/Roundrock area used to be a great place to move to. Those days are over. Sad.
Why is lower real estate prices due to increased supply bad for a metro? Long term, a correction is sorely needed. I say this as a property owner in the metro.
Definitely correct. As a property owner in the Austin area, it is scary. Glad we do not need to sell anytime soon.
The strange thing is there is still a lot of building going on. I suspect some of these are completions of older projects that were started in 2023 or prior boom. They tend to be out to the East and West of the city in formerly rural areas.
Tons of permits pulled, even when the markets were coming down. Totally nuts.
Builders are never nimble. They build until they literally become unprofitable. What choice do they have? If they stop, they cease to exist, and further, if they stop they dump a lot of workers onto the market, creating a recession. That's why builders are such a big part of the boom/bust credit cycle. We are way overdue for a bust of biblical proportions.
Love Jason's charts and now it will be interesting to see if inventory skyrockets end of summer. First Austin then ....
Austinite here. I think there are waaaay more investors here over the past few years than were reported. Looking for a house in 2021-2022 was insane. Remote, all-cash buyers everywhere. Now they're all trying to flee the sinking ship. This can't be even mostly actual primary dwellings.
The market is still flooded with investors. Too many people building their wealth through housing to stop
Thank you for sharing and please keep us posted.
@@Sonofawildanimal I wonder what happens when they get to the point where it's no longer a big investment, I'm worried about a sell-off stampede. It'll probably be much slower than a stock sell-off.
Do you think calling it a sinking ship is accurate? In my perspective, I’m more relieved that there are finally enough new development communities to bring home prices back to something more reasonable
@@randomtricksvideos I think if you've got skin in the game or are considering buying in, you'd be wise to consider it a weakening investment, if short-medium term gain is your goal. None of the key indicators tell a different story, unfortunately.
I feel the most bad for low income local homeowners who've had their houses for quite some time in Austin who are now facing radically inflated valuations that are driving up their tax bills and making their long-term homes unaffordable. 2-3% tax rates are no joke.
I think, for Austin suburbs, $150/sqft is a fair price. It's heading there, but I fear that the numbers are saying it'll dip perhaps significantly south of that. My personal suspicion is that rampant speculation and subsequent evacuation of the market is the culprit. Builders lag on market trends, which explains the inventory flooding the market now and (being partially to blame for, as you say) pushing down prices.
Again, I feel super bad for those who will likely fall on hard times because of this.
I’m trying to buy my first home in Austin early next year so I’m here for all of this. Finally seeing some decent listings in my price range. 🤞for the rates to come down closer to 5 by then
Hold out for as long as you can
If the rates are still terrible I’ll wait but I’m not trying to time some theoretical bottom in prices. Austin has always held up really well and is the most desirable place to live anywhere close to it
@@petetown13 That's probably the right call. I personally wouldn't buy anything over there over $150/sqft (like up in Pflugerville/Round Rock or Cedar Park) or I'd feel like I was overpaying. Closer to the city would ofc be higher. Best of luck with your search! ❤️
I don't see why home prices going down is that big of an issue. Yes, it would be if you are looking to sell. But, this is great news for people looking to buy a home and should be good news too for current homeowners because lower home values equals lower property taxes.
Interesting. I like that inventory tracker and hope you show more of it. I am in the Northeast where inventory is still low. Nevertheless, it's nice to see some areas of the country gaining inventory. It gives me hope that things may, at least, return to normal. These past few years have been crazy.
Good stuff, Jason! To avoid the data normalization issues with the vendor data used throughout the video, I tend to lean towards metrics over time (price to income, price to rent, months of supply, days on market, interest rates, job growth, unemployment rate, population growth, housing starts, building permits, foreclosure rates, YOY price changes, etc.) For leading indicators, I like the consumer confidence index, pending home sales, local development plans and especially mortgage application volumes. In the end, we get to about the same place, but we also move beyond the rudimentary/cumbersome graphs that vendors provide. I'll be investing in the Austin area most likely in 2025-26 depending on how the national political climate evolves. Thanks for your work!
Great data dive again Jason. Thank you!
Glad it was helpful!
Once the smart money starts to leave RE for bonds the cascade will start. He who panics fist panics best. Investor selling will make inventory skyrocket because they add inventory but zero demand. As inventory grows, prices will decline which will encourage more investor selling. Feedback loops are hard to break once established.. that’s why home prices went up over the last two years despite higher rates.. and why prices still crashed from 09-12 despite massive rate cuts.
I’ve covered lately American Homes for Rent and First Key Homes, 2 big institutional investors, moving from buying to now selling at deep discounts. They particularly want out of tx where property taxes soared
This all day
I was wondering about the property taxes, there. They are sooo high! In my state they tend to be lower than a lot of states, so when I was browsing homes in Texas, Ilast year, I knew there was no way I'd be buying anything there. Too rich for my blood! @@REWatchman
I think we are going to see a lot more of this going forward 😮
Thank Jason
You bet!
About to sign a contract on a new construction. Austin prices is much lower compared to where I am now
History never repeats but it certainly rhymes.
Thanks for sharing the data.
Great video. Very nice summary of many sources to get a good sense what is going on
Glad it was helpful!
The higher rates go the lower homes go, the lower rates go the higher homes go. Remember 2.8% rates when people needed auctioneers so many people were showing up as soon as a home listed, buying with no appraisal, no inspections, paying as much as 100k OVER asking. We were lucky to have found our house at a great price and great rate, Gave the seller their asking price, we paid for appraisal and inspection, seller paid closing costs and made repairs/ replacements that the inspection found.
Also saturating an area with over building WILL lower values. A lot of builders are building multi family as well as single family as build to rent not build to own.
Wow, thanks for the information. The Texas spring market dies on Memorial Day. Everyone goes on vacation. This doesn’t look good for sellers. We hope to buy our retirement home there but we are not in a hurry.
Homes looks less expensive to Californians but they don't know about the property taxes. Its at least $10,000 per year for a 3000 sqft home. Remember home prices in Austin, TX being in the price range of $90,000's to $150,000's in 2009 and 2010.
Hehehe the cool part is have a 100% disability rating so I don’t pay the property taxes
Yes you are correct. Home owners need to realize there is no sales tax in Texas the tax is deferred to homeowners
Very detailed report. Thanks. Crime has also become a HUGE problem in Austin. Not to mention pollution and traffic congestion. Austin's "Golden Age" is long past, sadly. Still overpriced by 50-80% in many areas imo.
Been in the Austin area since 74. New home sales are down 39% since 2022.
It needs to drop another 20-30%. New home builders are being stubborn and trying to prop up prices with temporary rate buy-downs incentives. This just kicks the can down the road. I wonder how many rate buy downs loans are getting reset in 2025/2026? With all the tech companies layoffs there is definitely trouble in paradise its only a matter of time unless consumer level 30 yr fixed mortgages get back down to 2.5-3% which I don’t see happening with our debt situation as a country.
Great data. Thanks! 🫣🫣🫣
Any time!
@@JasonWalter1 I thought ATX was out of the woods. Not so much. 😩
All these sub-standard track houses built by investment companies are sitting empty. The new construction quality is so poor that buying a double wide from the 1980s would be a better built home. Flippers and AirBnB wannabees have not helped.
Quality built homes at fair prices will still move imho.
My thoughts:
- Sales Tax needs to fund Texas and not homeowners. Property tax and insurance is out of control.
- Austin used to be serious about quality lots and tree filled neighborhoods. All the subdivisions just out of city limits are boring, barren and way over-priced.
- Back to the builders - the flaws and cheap construction is embarrassing. The aggressive HOAs are unpalatable.
- People are fleeing Texas for stable energy grid, cooler temperatures and better weather.
- Religion in politics just give Texas the worse of both.
I am an Austin / Georgetown owner for 30 years. However, I've moved 100 miles out of the metro area to have low property taxes. I am off-grid and building a custom self-build super-house. Fire, flood, bullet and earthquake resistant. Its own power and water. I encourage others to self-build as well. Its slow but high quality.
Do these numbers consider the demand side? It seems you were only looking at the supply of houses.
This is just an example of how it just takes a few home owners getting spooked to start an inventory avalanche. Worst case would be a big investor starts cutting holdings.
Spooked? Surely some of that, but there is also a flood of new builds. And a lot of investors/Airbnb-ers who wanted to cash in on the covid bubble...
and a variety of forced sales from people who could not hold off selling any longer. I'd say it's an even mix of all four cohorts.
Some houses here are depreciating more than 19% from the peak. They’ll go down more imo. Property taxes will also impact depreciation here, they rob you with them.
I was there 1 yr. ago looking for homes in the austin suburbs....I'm glad I didn't buy then. There was a cool development with 3d printed homes in Georgetown...I stopped to look at it...they had 2 security guards come up to me, and say I could not take pics or videos.
What is a 3d printed home?
Icon builds them…
@@lizlearnedthehardway4663 type that into google for your answer
Austin housing prices are not in trouble.
I’d love to see a video if there are still opportunities in Austin taxes , what is your sense ? Should an investor wait until it goes x% down? Is it temporary and the factors of economy are strong (tech city , university, metropolis , growing population ) ? You covered current state . Would love to hear projections
If you’re an investor and find a property that has a good ROI then go for it. Just be conservative on your estimates and future projections for rent and expenses. It’s nearly impossible to time the market.
Are builders finally listing the houses they have built? These numbers won’t make a difference. We have had plenty of inventory for about a year.
I would recommend renting for a year or more to get to know the area
Austin is a dumpster fire
I was blown away by the stats I shared. It was holding up fairly well after 2022’s correction but looks like trouble ahead.
Austin prices are not going to fall. the inventory may rise. the reason is the transplant remote workers moving into the city added a lot of affluency to the area so they will hold no matter what and you will see this
@@moatmo3752 real estate mind set says otherwise
@@moatmo3752Doesn't look like that, list prices are already down.
@@richiebee33with 7% interest rates that's expected and this is after almost 70% price growth, the only thing that can bring back Austin prices to pre pandemic is recession which seems unlikely
TX Real estate has historically been boom/bust for various reasons. Take a look at historical data across the last few DECADES, not just a few years.
Texas, Florida, Phoenix and Vegas are always the big boom/bust towns. But Boise might join the club this time.
Hi Jason, Just back from a conference in Denver a week ago. In the pre-conference Ken McElroys shows Austin is leading new supply( primarily multi-family) for 2024-2025 national waise. But as long term game player, after 2025 there are no new supply. So 2024-2025 in his opinions is the most difficult time for seller or multifamily syndicates with a lot of competition. After that will be seller's market again. Anyways this is a place still affordable and populations/jobs move in. If you are a long term game player this might be the opportunity for you. I have a house near Tesla and the tenant are laid off. I have a great PM help me listed with a right price and get rented out in a week. The jobs in Austin is much better than Phoenix and Orlando I have to say.
Funny - after 2025 will be seller's market? Do you know how many new homes were put up these several years? How Elon or the tech are doing then? If there is a recession, this can be a very long wait for the sellers.
You don’t have to say Austin, Texas every time. You can just say Austin. After you’ve said it 137 times, nobody is going “is he talking about Austin, Minnesota or Austin, Texas?”
Short-term, it is a concern. A few years from now, not a concern at all. By the end of the decade, you’ll look back and wish you bought during the dip (which is now).
Liberal tech companies came into Austin and brought their liberal tech employees. Created another San Francisco. Adios!
@@jumperstartful tech companies did come. Changes nothing about what I said. Texas will keep going up in value from here once rates come down
There is nothing that will slow the market in Austin. People are going to keep buying, because it's cool to live here. All rich kids want to live here. Rich parents helping rich kids buy expensive homes. Nothing will change anytime soon.
A long way down to get back to anything resembling normality. Insanity is still at the heart of it all. Salaries just do not support these prices. In due time ....
What about Florida
Depends on what part of Florida… generally Florida is holding strong… SWFL’s inventory has an increased significantly, so much so it’s throwing off the inventory numbers for the entire state
@@Sonofawildanimalit’s also Jacksonville and the Palm Bay Area that to name a few that are not holding strong.
I think if you asked a realestate person in Austin, the amswer would be different than that of someone in California
At this point the only people buying are the rich competing with themselves.
Austin is OVER!
- austin builds more housing to provide the supply needed to meet demand, lowering prices via free market.
how is that over? lmao
So where’s the best place to move In 2025
Tesla layoffs just happened. They haven't hit the market, yet.
Side note, in the Journal today I see Fisker will close for good in June.
It’s okay! When they go back to California the market will stabilize.
More inventory is here!! Agents should be happy!!
Good Monday morning Jason
Thank you Steve and happy Monday!
Not personalized financial advice obviously- but if you had to move to Austin, would you recommend buying or renting ?
Thank Joey boy for this 🤦🏽♂️
Good morning
Morning!
Californians realizing that Austin and Texas as a whole sucks. There’s a reason it’s a cheaper, Texas will crash hard.
Ummmm... ok... LOL!
Once they move out of the state,it will no longer suck. 😂😂😂
@@tlindsay1007 Absolutely!
I would appreciate it if you provided your analysis for Utah.
This would be great news for investors if rates were not 7-9%!!!!
Enjoy the triple digits 🤠☄🔥☄🔥☄🔥☄⛱🔥☄🔥⛱⚡
Who really is buying a home now? Really?
Decades of ultra woke policies have made living in the city of Austin much less desirable than it used to be. Austin has a massive budget that it wastes egregiously- $250M for electric busses that have now been scrapped. $500M to build luxury hotels for the homeless. $7 Billion for "project connect" which mainly consisted of converting existing traffic lanes to lanes for the unemployed (bicycle lanes). Think of Austin like NYC- fun to visit but you don't want to live there.
Texas will continue to decline, you cannot attract and keep educated and professional citizens while simultaneously taking away their reproductive and voting rights. The economy in TX will decline as civilized and educated people leave that authoritarian state for both political and environmental reasons. In not too many years it will be too hot for people to live in TX and population will crash... it's coming and coming fast. TX and the entire gulf coast will suffer most from global climate change (heating) and ironically they are also the same states most likely to do nothing to mitigate it and in fact will likely try to accelerate it! Crazy, right? Well, this is the reality we live in.
1😊
Good morning!
Now is the time to buy, never been a better time to buy in history. If you’re sitting on the sidelines and not buying…. You’re going to miss out on this amazing opportunity.
Hi Johnni! Best time to buy and sell is now! :)
@@JasonWalter1 in the words of Dave Ramsey 😂😂😂
Don’t listen to the crash bro narrative! Don’t look at the numbers! Just buy, buy, buy. Your realtor wants to buy another boat lol
People moved to Austin thinking it's Texas then realized Austin is just as woke as California.
Love the video as well as everyone's input in the comments.
We recently offered on our potential first home needing repairs/updates & >60 DOM (North Austin). The offer was based on slightly smaller but similar homes recently sold in the same subdivision, but it appears the seller wants to value it at near 2022 prices minus repair costs, and compared to homes in other areas that are still active. We like the home and it has potential, but are practicing patience with this incoming data. Per Zillow, there's a lot of interest in the home, but it's just not going at it's current price.
@JasonWalter1 Please keep these coming!
Thank you for sharing and please keep your boots on the ground updates too!