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re: Austin & Houston Ranked Most Overvalued Housing Markets in U.S.
Posted on 6/17/15 at 12:41 pm to Pettifogger
Posted on 6/17/15 at 12:41 pm to Pettifogger
quote:
Austin is cool but let's be honest, it's treated as an outdoor mecca by some when it really isn't. It's kind of fabricated in that regard.
Well said. I still love the natural outdoor scene in Austin ie Barton Springs Greenbelt, all the other trails, Hamilton Pool, all the cool hidden gems on the Westside of Lake Travis now that it has water. but now the ATX is trying too hard with the fabricated bs. Plus it lost alot of its weirdness that I really liked from 99-07
This post was edited on 6/17/15 at 12:43 pm
2
Posted on 6/17/15 at 12:41 pm to mattz1122
quote:
Why?
Dallas has better governance, comparable business, comparable/arguably better professional services, comparable sports, far better transportation, a better climate, and is more aesthetically pleasing to most.
To me, personally, the trade off would be that life in Dallas, in my experience, would be far easier than life in Houston. Unless I needed to be in Houston for industry, there are no real advantages to Houston that would overcome the relative convenience of living in Dallas.
I don't live in either, FWIW, nor have I ever. I have spent considerable time in both.
Posted on 6/17/15 at 12:43 pm to Pettifogger
quote:
I like the bar and restaurant scene and it is undoubtedly progressive for Texas, but it obviously lacks the natural splendor to really justify some of the valuation put on Austin.
That's the way I view Nashville. And Austin still has the leg up on Nashville in terms of outdoors.
This post was edited on 6/17/15 at 12:44 pm
Posted on 6/17/15 at 12:44 pm to sheek
It really is crazy, I never thought the condos would fill up but they keep building more and keep selling them. The outlying areas are having an explosion in new home construction while existing homes values continue to climb.
Heck you have to go out past liberty hill or Georgetown or way far south to buy an acre or two of decent priced land.
Meanwhile because of property values are going up my property tax has skyrocketed compared to a few years ago.
Heck you have to go out past liberty hill or Georgetown or way far south to buy an acre or two of decent priced land.
Meanwhile because of property values are going up my property tax has skyrocketed compared to a few years ago.
Posted on 6/17/15 at 12:44 pm to sheek
Austin has been ruined and it will never be what it once was, but they asked for it so I have little sympathy, I do however miss the old blend of cowboy, gypsy, hillbilly, hippe, punk, that it used to be. RIP
Posted on 6/17/15 at 12:45 pm to Mongeaux
Im glad i lived there off and on in the 70's, 80's and 90's. It used to be a great clean place to live. Now most cool places are fenced off, and have a curfew. I remember being able to see 14' down in town lake and lake austin (change the name, i know). Now, they are all cesspools with little to no visibly. humans suck.
Posted on 6/17/15 at 12:46 pm to Mongeaux
quote:
Take the case of Texas. Unlike most of the country, the Lone Star State did not experience a dramatic drop in housing prices during the economic downturn and housing crash. The state’s unemployment rate was lower, its economic growth stronger, and as the rest of the nation was still stuck in the doldrums, Texas began to grow. Texas did not experience a flood of investors snapping up distressed properties and pushing up prices–there weren’t super-undervalued properties available to buy. Its price escalation has come largely from the demand that accompanies a strong economy. It’s just been a bit faster than underlying fundamentals.
Bubbles are typically created by artificially manipulating supply and demand. That's not what is happening in Texas. It's more natural, so it is less likely to be a bubble situation than other areas.
it's also odd that the determination of under/overvalued homes was limited to just looking at economic growth to price growth over that span. Without looking at some sort of economy:housing price ratio, how can they be sure that 3 year period wasn't an adjustment to the normal for those cities? Housing was pretty damn cheap in Houston back in 2010-2011.
Posted on 6/17/15 at 12:46 pm to sheek
quote:
Well said. I still love the natural outdoor scene in Austin ie Barton Springs Greenbelt, all the other trails, Hamilton Pool, all the cool hidden gems on the Westside of Lake Travis now that it has water. but now the ATX is trying too hard with the fabricated bs. Plus it lost alot of its weirdness that I really liked from 99-07
Austin isn't unique in this kind of fabricated urban outdoorsy-ness, and honestly probably does it more authentically (weird as that is to say) than others. In Atlanta ours is kind of pitiful if compared to areas with true outdoor opportunities. That said, we're a lot closer to very good outdoor opportunities than cities in Texas, generally.
But I don't want to totally slight beltlines and Lake Travis and parks and whatnot. They're certainly nice to have and it's obviously a good thing urban areas are making these efforts. But ultimately it's a Patagonia store in Manhattan, selling a lifestyle brand instead of real recreation.
Posted on 6/17/15 at 12:46 pm to Agforlife
quote:
I do however miss the old blend of cowboy, gypsy, hillbilly, hippe, punk, that it used to be
Thats pretty much gone. Sad. Some places are still hanging on to it like Whitehorse, Gypsy Lounge and few other places on the Eastside and South Austin like Moontower Saloon. Still have a few guys riding horses down east 6th and South Congress & Lamar. I would rather get kicked in the balls than hang out on dirty 6th besides maybe the Easy Tiger and West 6th is douchebagville USA. The fake shite on 4th and 5th is not austin.
This post was edited on 6/17/15 at 12:49 pm
Posted on 6/17/15 at 12:48 pm to 12Pence
quote:
That's the way I view Nashville. And Austin still has the leg up on Nashville in terms of outdoors.
Nashville has much better proximity to real outdoors opportunities, IMO. Also still more aesthetically pleasing than Texas, including Austin.
Posted on 6/17/15 at 12:49 pm to Pettifogger
I live in Austin and I agree with that. Lake Travis & Barton Springs gives Austin a huge (+) in the outdoors category but thats about it
Posted on 6/17/15 at 12:53 pm to Pettifogger
quote:
Nashville has much better proximity to real outdoors opportunities,
Yeah man, but that's still a drive. It takes a good 2 hours to get to Fall Creek Falls, 3.5 hours to get to the Smoky Mountains. It's a decent drive.
quote:
Also still more aesthetically pleasing than Texas, including Austin.
I agree. I like four seasons, which Nashville has. But I do also love the Texas Hill Country,Barton Springs, Lake Travis, Lake Austin, Colorado River, Guadalupe River, etc.
This post was edited on 6/17/15 at 12:54 pm
Posted on 6/17/15 at 12:53 pm to PoppaD
quote:
How's Dallas real estate these days? Overvalued like Houston and Austin? Heck I'm even thinking of moving to San Antonio but it seems over valued as well.
Fort Worth is the market you are looking for
Posted on 6/17/15 at 12:56 pm to PoppaD
quote:
How's Dallas real estate these days? Overvalued like Houston and Austin? Heck I'm even thinking of moving to San Antonio but it seems over valued as well.
depends what area you are in TBH.
I'm off Lower Greenville in the M Streets area (Mideast Dallas) and its starting to get a little ridiculous w/what people are paying.
This post was edited on 6/17/15 at 12:57 pm
Posted on 6/17/15 at 12:57 pm to Agforlife
quote:
Austin has been ruined and it will never be what it once was, but they asked for it so I have little sympathy, I do however miss the old blend of cowboy, gypsy, hillbilly, hippe, punk, that it used to be. RIP
I'm on the other side of that spectrum.
I love the change.
"Keep Austin Weird" is now only sold by t-shirt peddlers to tourists, and it's certainly no longer a sentiment shared by many. But, it needed to happen. Cities cannot stand still - they have to keep growing, or they will die. Austin has done a great job of branding itself, regardless if you like the brand or not. It will be interesting to see how Austin rebrands itself when it, inevitably, will have to again - probably in about 8-10 years...
Posted on 6/17/15 at 12:57 pm to Agforlife
quote:
Austin has been ruined and it will never be what it once was, but they asked for it so I have little sympathy, I do however miss the old blend of cowboy, gypsy, hillbilly, hippe, punk, that it used to be. RIP
Agreed.
Posted on 6/17/15 at 1:01 pm to Pettifogger
You focus too much on Austin downtown.The urban sprawl is doing well in terms of infrastructure and economy supporting residential. Hell, I think 2 of its metros are top 5 in growth (San Marcos and RR).
Posted on 6/17/15 at 1:01 pm to Sparkplug#1
quote:
. I remember being able to see 14' down in town lake and lake austin (change the name, i know)
Now they have to clean it out once a year from all the trash now granted alot of that is the run off but still.
Posted on 6/17/15 at 1:02 pm to RummelTiger
quote:
I'm on the other side of that spectrum.
I love the change.
"Keep Austin Weird" is now only sold by t-shirt peddlers to tourists, and it's certainly no longer a sentiment shared by many. But, it needed to happen. Cities cannot stand still - they have to keep growing, or they will die. Austin has done a great job of branding itself, regardless if you like the brand or not. It will be interesting to see how Austin rebrands itself when it, inevitably, will have to again - probably in about 8-10 years...
I don't disagree, if any city doesn't adapt and grow it will die, I just miss the Austin of my misspent youth. The biggest problem I see with it is there are more non natives there now and they are trying to make the place like where they ran away from
instead of letting things flow naturally.Posted on 6/17/15 at 1:03 pm to Agforlife
quote:
The biggest problem I see with it is there are more non natives there now and they are trying to make the place like where they ran away from instead of letting things flow naturally.
I agree with this.
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