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Started By
Message
Home values in Austin have jumped more than 18% in the last year
Posted on 5/3/21 at 3:22 pm
Posted on 5/3/21 at 3:22 pm
quote:
Remote workers are moving from high-priced areas like Silicon Valley to cities like Austin, Texas, creating a housing boom. Home values in Austin have jumped more than 18% in the last year -- creating a shortage of affordable units. And while the newcomers are bringing spending power and jobs with them, some say they're changing the fabric of a city that's motto is "Keep Austin Weird." Janet Shamlian reports.
CBS video
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Posted on 5/3/21 at 3:24 pm to RLDSC FAN
quote:
"Keep Austin Weird."
gayest motto on planet earth
Posted on 5/3/21 at 3:24 pm to RLDSC FAN
It is not just Austin. Most of DFW home values have skyrocketed.
Posted on 5/3/21 at 3:25 pm to RLDSC FAN
quote:
Remote workers are moving from high-priced areas like Silicon Valley
quote:
some say they're changing the fabric of a city that's motto is "Keep Austin Weird."
Don't think they're making Austin less weird.
Posted on 5/3/21 at 3:25 pm to RLDSC FAN
I imagine that kind of jump is pretty similar in any halfway desirable metro area in the country. Real estate is through the fricking roof right now - I just don't know whether it's the function of a bubble, or monetary inflation.
Posted on 5/3/21 at 3:26 pm to RLDSC FAN
I’m glad the % increase seems to be slowing down.
Posted on 5/3/21 at 3:27 pm to RLDSC FAN
quote:
some say they're changing the fabric of a city that's motto is "Keep Austin Weird." Janet Shamlian reports.
If they are coming from the West Coast they will keep it weird and awful
Posted on 5/3/21 at 3:29 pm to RLDSC FAN
It's nationwide. Houses in Denver are selling for $20k over asking and most are not appraising.
The house across the street to us was sold in 2018 for $455k, listed for $550k and will most likely get $575k.
Relative was looking at a house in Coeur d'Alene last year, and it sold for $120k more than it was listing for last time he looked at it.
The house across the street to us was sold in 2018 for $455k, listed for $550k and will most likely get $575k.
Relative was looking at a house in Coeur d'Alene last year, and it sold for $120k more than it was listing for last time he looked at it.
This post was edited on 5/3/21 at 3:31 pm
Posted on 5/3/21 at 3:31 pm to CunningLinguist
Same deal here in Boise.
The worst houses on the market are selling for around 300k.
You can find houses in the sprawl, 2k square feet, 3 Bed 2 Bath, for around $450k.
A 3 bed 2 bath house with more than a side yard in Boise on "the bench" or SE Boise, or the North End, if you can find one on the market, you're looking at about a $700k house.
The worst houses on the market are selling for around 300k.
You can find houses in the sprawl, 2k square feet, 3 Bed 2 Bath, for around $450k.
A 3 bed 2 bath house with more than a side yard in Boise on "the bench" or SE Boise, or the North End, if you can find one on the market, you're looking at about a $700k house.
Posted on 5/3/21 at 3:32 pm to Odysseus32
I have news for y’all. This is happening throughout the world. Something fricky is going on.
Posted on 5/3/21 at 3:33 pm to RLDSC FAN
quote:
some say they're changing the fabric of a city
That ship sailed like 6 years ago
Posted on 5/3/21 at 3:33 pm to RLDSC FAN
friends of mine sold and made bank.
Posted on 5/3/21 at 3:34 pm to RLDSC FAN
quote:
You live in a Democratic bubble. Only 9 percent of your neighbors are Republicans.
at least qualify for a trader joes
Posted on 5/3/21 at 3:34 pm to CunningLinguist
quote:
It is not just Austin. Most of DFW home values have skyrocketed.
Happening all over - but amplified in Austin (Tesla, Oracle, Indeed, Apple, Google etc) and Dallas (Fortune 500 galore coming in).
Posted on 5/3/21 at 3:35 pm to RLDSC FAN
It's not that home values are rising it's that the value of the dollar is falling.
Posted on 5/3/21 at 3:42 pm to RLDSC FAN
Bentonville Arkansas is the same way right now. Amazing town, but getting overrun with people moving in.
If you are selling a house here right now the realtors just set up an open house for the weekend and tell everyone to have offers in by Monday at 5.
You will get at least 5 offers over the asking price. Buyers have to have extra cash on hand because the homes won't appraise for the final selling price.
If you are selling a house here right now the realtors just set up an open house for the weekend and tell everyone to have offers in by Monday at 5.
You will get at least 5 offers over the asking price. Buyers have to have extra cash on hand because the homes won't appraise for the final selling price.
Posted on 5/3/21 at 3:45 pm to RLDSC FAN
It’s the same everywhere.
My sister and brother in law are part of this statistic. They just moved from outside San Fran to Birmingham Alabama and bought a house the same day they looked at it. Definitely had more buying power than most looking in the bham area and jumped all over it
His company said they can all work remote and their realtor in California said they could get well over asking price for their house so they made the jump
My sister and brother in law are part of this statistic. They just moved from outside San Fran to Birmingham Alabama and bought a house the same day they looked at it. Definitely had more buying power than most looking in the bham area and jumped all over it
His company said they can all work remote and their realtor in California said they could get well over asking price for their house so they made the jump
This post was edited on 5/3/21 at 3:46 pm
Posted on 5/3/21 at 3:47 pm to RLDSC FAN
quote:
a city that's motto is "Keep Austin Weird."
Nobody says that anymore.
That’s a few years dead now, thankfully.
Posted on 5/3/21 at 3:56 pm to RLDSC FAN
They've done the same here in Bunkie. Our motto is Keep Bunkie Boring, but these Silicon Valley transplants are making it hard.
Their liberal politics will no doubt change us here in God's Country.
Their liberal politics will no doubt change us here in God's Country.
Posted on 5/3/21 at 3:58 pm to cajunangelle
quote:
friends of mine sold and made bank.
Unless they intend to remain homeless the replacement house is going to take all the money they think they made. My house would sell for a twice what i paid for it, ut to buy a equicalent house justg as nice will also cost at least twice what I paid for this one, so my net gain is zero or even less.
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