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Message
The new apartment complex across mine is only 26% occupied
Posted on 9/4/25 at 7:54 am
Posted on 9/4/25 at 7:54 am
170 units out of 230 are still available 15 months after the place opened. There are a ton of other complexes around Austin with the same low occupancy problem. The overbuilding of these huge complexes during COVID is already blowing up in developers faces. Hate to think how some of these places will look 5 years from now.
20
Posted on 9/4/25 at 7:57 am to yaboidarrell
Just turn them into section 8. 
Posted on 9/4/25 at 7:58 am to yaboidarrell
You should be thankful that it’s not all section 8
Maybe corporate apartment developers finally discovered that vacancy is better than holes in the drywall and shootings in the parking lot
Maybe corporate apartment developers finally discovered that vacancy is better than holes in the drywall and shootings in the parking lot
Posted on 9/4/25 at 8:00 am to yaboidarrell
They will heavily discount it and it will be culchafied
Posted on 9/4/25 at 8:02 am to yaboidarrell
They'll be section 8 and at capacity before you know it
Posted on 9/4/25 at 8:04 am to yaboidarrell
quote:
out of 230
quote:
these huge complexes
is a 230 unit apartment complex huge?
Don't worry, when prices start dropping, you will be moving quickly
This post was edited on 9/4/25 at 8:05 am
Posted on 9/4/25 at 8:04 am to Commandeaux
quote:
Just turn them into section 8.
I thought there was a program that gave an incentive to developers to designate a certain percentage of the apartments for Section 8 in order to create "affordable housing?"
Posted on 9/4/25 at 8:05 am to yaboidarrell
They'll lower rates to fill it. Watch out.
Posted on 9/4/25 at 8:06 am to yaboidarrell
Apartments are for poor people
Posted on 9/4/25 at 8:08 am to yaboidarrell
Probably not the overbuilding as much as the rates being asked.
Posted on 9/4/25 at 8:10 am to yaboidarrell
Someone from out of state that you will never see will buy it and then section 8 it.
It will become a dumpster fire but the owner will get paid very well for making it section 8
It will become a dumpster fire but the owner will get paid very well for making it section 8
Posted on 9/4/25 at 8:12 am to yaboidarrell
What the zip code
Posted on 9/4/25 at 8:12 am to yaboidarrell
I used to love Austin. Now I can’t stand it. My daughter finally moved away earlier this year after grad school there and working for 5 years after.
The shine has worn off. Too crowded and lost the smaller town feel it once had.
The shine has worn off. Too crowded and lost the smaller town feel it once had.
This post was edited on 9/4/25 at 8:19 am
Posted on 9/4/25 at 8:13 am to Commandeaux
quote:
Just turn them into section 8
this was always the plan.
Posted on 9/4/25 at 8:15 am to yaboidarrell
Apartment builders are the dumbest people in the world. They hear population growing and go crazy. They don't even assess if the growing population can afford to buy or rent. Most can't on their own and live in multi-family homes or with roommates.
Austin is experiencing the same problem as Nashville. Boom in population that was temporary and not sustained. That's why I'm always weary of cities with fast growth ... slow and steady does it!
Austin is experiencing the same problem as Nashville. Boom in population that was temporary and not sustained. That's why I'm always weary of cities with fast growth ... slow and steady does it!
Posted on 9/4/25 at 8:15 am to yaboidarrell
quote:
170 units out of 230 are still available 15 months after the place opened. There are a ton of other complexes around Austin with the same low occupancy problem. The overbuilding of these huge complexes during COVID is already blowing up in developers faces. Hate to think how some of these places will look 5 years from now.
The problem isn’t covid it’s leadership.
Much like the Chinese you seem to be wasting money building a bunch of buildings no one has interest in coming to.
Eventually those will be used to house something I’m sure.
This post was edited on 9/4/25 at 8:16 am
Posted on 9/4/25 at 8:16 am to Commandeaux
quote:
Just turn them into section 8.
Gang bangers will start putting dead bodies in the empties apartments.
Posted on 9/4/25 at 8:18 am to yaboidarrell
sorry baw, they gonna become section 8
Posted on 9/4/25 at 8:18 am to jizzle6609
quote:
The problem isn’t covid it’s leadership. Much like the Chinese you seem to be wasting money building a bunch of buildings no one has interest in coming to.
Wtf are you talking about, like any business nothing is guaranteed.
2nd homes exploded during Covid and that took a lot of inventory off the market. Then you had a reduction in building supplies and delays in the process. It also did seem like the apt complexes were behind, possibly builders and developers were concentrating on other more lucrative projects?
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