Rental Property Investor · Finger Lakes, NY · Member since 2018 · 35 posts · 36 votes
5y
I visited Austin last November, 2019 as a tourist for the F1 race. I tried to see everything around the city. It was awesome (UT, historic buildings/homes, food, state parks), except the homeless population which got a bit aggressive and were building encampments along Congress St.... @Neil Narayan has that changed in the downtown area? I sat next to a lawyer on a shuttle from the racetrack who explained some of the debates between the City leadership and the State Government / State police. As I drove out of town the excavators were demolishing the homeless encampment around the shelter on 7th street. I still have a favorable view of the city overall but realize it could be (or was) a tipping point. I realize 2019 was a lifetime ago...maybe downtown investments should be avoided?
Real Estate Broker · Austin, TX · Member since 2018 · 1k+ posts · 1k+ votes
5y
@Andre Crabb Austin may quite possibly be the hottest market in the country. The November median price is up 19% over November last year and we have less than one month of housing inventory (an all-time low). If you love high appreciation and are willing to be more active in forcing cash flow yield, it’s got decades more to run.
Rental Property Investor · Finger Lakes, NY · Member since 2018 · 35 posts · 36 votes
5y
I visited Austin last November, 2019 as a tourist for the F1 race. I tried to see everything around the city. It was awesome (UT, historic buildings/homes, food, state parks), except the homeless population which got a bit aggressive and were building encampments along Congress St.... @Neil Narayan has that changed in the downtown area? I sat next to a lawyer on a shuttle from the racetrack who explained some of the debates between the City leadership and the State Government / State police. As I drove out of town the excavators were demolishing the homeless encampment around the shelter on 7th street. I still have a favorable view of the city overall but realize it could be (or was) a tipping point. I realize 2019 was a lifetime ago...maybe downtown investments should be avoided?
Real Estate Broker · Austin, TX · Member since 2015 · 715 posts · 527 votes
5y
@Maryanne Cameron the city has built more low cost housing however there is no quick fix for this issue ... especially when some other cities are giving their homeless residents one way free bus ticket to Austin :/