- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Austin & Houston Ranked Most Overvalued Housing Markets in U.S.
Posted on 6/17/15 at 12:10 pm
Posted on 6/17/15 at 12:10 pm
LINK
Looked at period from 2011-2014
Austin's Gross Metro Product 24%
Austin's appreciation in home prices 34%
Houston's Gross Metro Product 23%
Houston's appreciation in home prices 43%
Also from the article :
Looked at period from 2011-2014
Austin's Gross Metro Product 24%
Austin's appreciation in home prices 34%
Houston's Gross Metro Product 23%
Houston's appreciation in home prices 43%
Also from the article :
quote:
Not a bubble but certainly grew faster than the fundamentals.
This post was edited on 6/17/15 at 12:26 pm
15
Posted on 6/17/15 at 12:11 pm to sheek
and this just in... water is wet!
Posted on 6/17/15 at 12:13 pm to 777Tiger
Ok. Whatever. Living in Austin, I agree with the figures. The cost of living also doesn't match the wages either.
Posted on 6/17/15 at 12:15 pm to sheek
quote:
Not a bubble
What? a 30-40% increase is the very definition of a bubble. Anything 7% and under is stable and average. 30-40% is a crash waiting to happen.
Posted on 6/17/15 at 12:16 pm to sheek
Austin, while a good place to live, has simply become vastly overrated and doesn't have the infrastructure or economy to support the number of people who want to be a part of it.
Economically I can see why a person would want to live in Houston, but specific industries aside, I can't see why anyone would choose Houston over Dallas.
Economically I can see why a person would want to live in Houston, but specific industries aside, I can't see why anyone would choose Houston over Dallas.
Posted on 6/17/15 at 12:17 pm to stout
I think it is . Just quoting the article .. Houston's housing appreciation :yikes:
Posted on 6/17/15 at 12:18 pm to sheek
Wow! Texas overvaluing themselves. Imagine that!
Posted on 6/17/15 at 12:19 pm to sheek
quote:
Whatever
just don't see the mystery, Houston: O&G industry creates a very artificial, dynamic economy with very broad swings of the pendulum, Austin: property values artificially driven up by companies relocating people, paying moving/closing costs, guaranteeing the sale of the homes they're leaving and sometimes paying bounses for the individual to sell it themselves and people moving in from areas such as California with a lot of $ overpaying for real estate
This post was edited on 6/17/15 at 12:20 pm
Posted on 6/17/15 at 12:21 pm to 777Tiger
Surprised Nashville isn't on that list.
Posted on 6/17/15 at 12:21 pm to Pettifogger
quote:
has simply become vastly overrated and doesn't have the infrastructure or economy to support the number of people who want to be a part of it.
Exactly. Mopac's new project is a joke, the tolls have helped but still a cluster frick. Employers in Austin take advantage of so many people moving here so therefore they keep the wages down. Plus tons of californians are moving here and jacking up the cost of real estate. alot of them don't even work in Austin.
Posted on 6/17/15 at 12:22 pm to 12Pence
quote:
Surprised Nashville isn't on that list.
Yeah, but Phoenix managed to get back on this list.
Posted on 6/17/15 at 12:22 pm to sheek
quote:
Not a bubble but certainly grew faster than the fundamentals.
Not so sure about that. It might not pop soon, but I think you are probably sitting on a bubble.
Posted on 6/17/15 at 12:23 pm to Pettifogger
quote:
vastly overrated
Eh, it's a pretty great place and there is a reason why it's one of the fastest growing cities in the country. But I agree that the cost of living doesn't really add up. Wages need to increase a ton to balance things out.
quote:
doesn't have the infrastructure
Yep. They need some kind of rail system and to rethink the whole design of how people get around.
quote:
or economy
Unemployment in Austin is one of the lowest in the country. I think the economy is doing just fine and will be fine.
But yes, the housing prices have got to come down. Demand is there for sure, but my house has appreciated 50-75% and I've owned it less than 5 years.
This post was edited on 6/17/15 at 12:25 pm
Posted on 6/17/15 at 12:23 pm to sheek
Austin has exploded in the last 3-4 years
Posted on 6/17/15 at 12:23 pm to 777Tiger
quote:
Houston: O&G industry creates a very artificial, dynamic economy with very broad swings of the pendulum,
The same can be said about:
Austin: tech industry creates a very artificial, dynamic economy with very broad swings of the pendulum
The "second dot com" bubble has created a bubble in Austin.
Posted on 6/17/15 at 12:23 pm to Pettifogger
quote:
Austin, while a good place to live, has simply become vastly overrated and doesn't have the infrastructure or economy to support the number of people who want to be a part of it.
I disagree on the economy part, as I think we're well positioned for at least the next 5-7 years. Tech is still going strong, manufacturing is picking up, healthcare is getting stronger, and will continue to grow once the UT Med School opens, and the energy sector continues to grow.
That said, it has definitely become overrated. I mean, a fricking surf park is going in down by the airport.
A surf park.
In Austin.
The infrastructure is a problem, as we're screwed by having no East/West highway in this town, which causes issues for North/South. The lake also screws us a little in regards to building out more access to the Northshore.
Posted on 6/17/15 at 12:25 pm to RummelTiger
quote:
I mean, a fricking surf park is going in down by the airport.
I read that last week wtf.... I guess to satisfy all them Californians that surfed occasionally.
This post was edited on 6/17/15 at 12:29 pm
Posted on 6/17/15 at 12:25 pm to sheek
quote:
Employers in Austin take advantage of so many people moving here so therefore they keep the wages down
My company in Austin actually quotes Austin's quality of life as a benefit and therfor an excuse to pay less than the industry.
Posted on 6/17/15 at 12:26 pm to BoatSchoolTiger
quote:
My company in Austin actually quotes Austin's quality of life as a benefit and therfor an excuse to pay less than the industry.
We are in the same boat hoss. My employer does the same. Crazy.
Posted on 6/17/15 at 12:26 pm to BoatSchoolTiger
Yep....our house value has gone way up since we bought in 2011, hopefully it will hold steady until the beginning of the year when we will be selling.
Page 1 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News