All Forum Posts by: Gus Joseph

Hey all,

I'm looking to house hack a single-family house/condo in the Austin, TX area however I learned that the city just approved a new homeless shelter to be built very close to where I was looking to buy. Does anyone know how this may impact the price/value of any of the property in the surrounding neighborhoods?

For reference, there is another homeless shelter in Austin (more east-central) that is literally overflowing at all times with homeless people, so I assume the new South Austin shelter would eventually look similar to that.

Common sense would say that obviously it would decrease the value of homes (due to security concerns, etc.), but I was curious if there may be an opportunity there to get a good deal on some property.

Thanks!

Yeah, I kind of assumed this may be the case - obviously common sense would say that the value of the property would definitely take a hit thanks to the increased security risk, but I thought it could be a potential opportunity if people overreacted and dropped the price significantly.

Do you have any experience with squatters or break-ins on any of your property?

Hey all,

First time posting on here - I'm looking to house hack a single-family house/condo in the South Austin area, however I just learned that the city just approved a new homeless shelter to be built very close to where I was looking to buy. Does anyone know how this may impact the price/value of any of the property in the surrounding neighborhoods? For reference, there is another homeless shelter in Austin (more east-central) that is literally overflowing at all times with homeless people, so I assume the South Austin shelter would eventually look similar to that.

Any input is definitely appreciated!