All Forum Posts by: Neil Narayan

Even 1% rule is not achievable in Austin for the most part unless you doing some non-traditional. 

lol

Recent decades have seen Austin’s skyline, business environment and population redefined. Now known as a popular city for young professionals and tourists, Austin has many new residents who formerly dwelled in California — an often comical reality in the city as cultures have melded over the years.

With tech scenes in Austin and Texas booming in recent years, that trend of Californians moving to the Lone Star State is true for companies too. Here are the five biggest companies that have made the decision to move from California to Texas, according to the latest Forbes Fortune 500.

- Chevron

- Tesla

- Oracle

- CBRE

- HP

I like RR better as RR ISD is more highly rated than PF and also it is more developed with more amenities and retail. 

I prefer Kyle as i have done investment props on both areas and Kyle seems easier to rent out to me. 

Austin recently was listed as No. 1 on USA Today Blueprint's list of the best cities to start a new business. Austin took the No. 1 spot with the second-highest ranking for the percentage of total employment in startups at 5% and a 14.3% GDP growth

I see a lot of investors flocking to Kyle right now due to the price points. I just bought one there myself. I think the biggest negative right now is the amount rentals in the area as the investor focus has moved to this area now. Kyle has a lot of development underway as their mayor is very progressive and has been pushing multiple initiatives to attract business and growth (including tesla) 

Austin was recently deemed one of the top "boomtowns" in the country based on a study by CoWorking Cafe ranking America's "boomtowns" based on population growth, GDP, employment rates, and other economic factors

Fort Worth came in at No. 2 with 64 points, beating Austin in the report's ranking of top cities with a 500,000+ population. The North Texas city's population has grown by 7% and its economic diversity has been a key factor in sustaining employment and population growth, according to the report.

Austin's prosperity was tied with Fresno, California for a top 5 rank and total score of 59.9 points. Despite Austin's population only growing by 1% from 2018 to 2022, it had the biggest GDP evolution at 46% during that time and tied with Fort Worth for an 11% rise in housing, the report says.

Similar to Fort Worth, Austin's unique economic advances can be attributed to a steady increase in housing, and an attraction of major businesses and employers, according to the report. Median earnings among Austin residents rose 32% in the five-year span and trade-exports grew 34% within the same time period.

Mesa, Arizona was named the No. 1 best economic boomtown in America, earning a score of 66 points. After Fort Worth and before Austin, the other two cities in the top 5 were Phoenix, Arizona (No. 3) and Sacramento, California (No. 4).

Other Texas cities in the top 25 best large economic boomtowns were El Paso (No. 16) and San Antonio (No. 23).

A South Korean company that supplies Tesla is inching closer to a transformative project - codenamed "Project Motion Forward" south of Austin that could make the company Buda's largest private-sector employer.

Futronic's potential project is part of the continued referring to how electric vehicle suppliers have flocked to the region in response to Tesla's mammoth presence in eastern Travis County where the Elon Musk-led company has a huge factory and headquarters. Tesla's expanding footprint in the area in recent years has made Central Texas a hub for the electric vehicle industry.

Examples of the biggest recent projects in the Tesla sphere are: the company itself taking more than 1 million square feet at Kyle/35 Logistics Park; supplier US Farathane Corp. taking an entire 410,000-square-foot building in Georgetown; and Hanwha Advanced Materials LLC building a $100 million, 200,000-square-foot advanced high-tech manufacturing facility near Georgetown.

There are deals to be had as prices have gone down compared to two years ago but compared to pre-pandemic we have appreciated. I wouldn't say housing market in Austin has crashed ... we just bid on a prop this weekend in central Austin and it went to multiple offers, my friend just bought in N Austin and there were 12 offers on that prop. So it really depends on the area.