Future of the Austin market
In your opinion, how do you anticipate the market in Austin & surrounding areas will be impacted by major corporations such as Samsung and Disney moving into the area over the next 3-5 years?
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Increased demand for housing and commercial real estate, higher home prices and rents, and overall economy growth
It will drive the hose prices up, but realize the local government is an AGGRESSIVE TAX HOG, and that will impact the values downward somewhat compared to California where the taxes are frozen from day one of purchase.
It's going to continue to grow, this next year or two will be rough with high rates and taxes I think
Austin has alot of multifamily construction going on presently. It will be interesting to see how it plays out. Austin still has a ton of people moving here all the time. Retail is hot and will continue to be hot. Office is not! Industrial is okay.
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Austin will suffer in the short term, but we’ll see tremendous growth long-term. There are a lot more exciting things than Disney and Samsung moving to Austin.
Next 12-24 months will be rough, but after that it's going to be the hottest city in the country.
These large corporations are expected to create new jobs, attract highly-skilled professionals, and drive economic growth. This could result in an increase in demand for housing, services, and infrastructure development in the area. Additionally, their presence could lead to an increase in business development, as smaller companies may want to set up shop near them to take advantage of business opportunities.
Lets just hope we figure out this Public Transportation problem !