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The east part of Austin where Tesla is located is still underpopulated compared to most of Travis county, so there's room for a lot of housing to be built out t
by unwiredben 5y ago
The east part of Austin where Tesla is located is still underpopulated compared to most of Travis county, so there's room for a lot of housing to be built out that way. Connectivity from there to central Austin isn't too bad, since that's the direction of the airport and Houston.
- pvarangot 5y agoYeah that's what they said! I am not saying it's not a sound bet, honestly I hope it goes well. The thing is that nothing indicates that the new housing built there will not be sold at prices that flatten the curve. Yeah supply and demand and all that, but there will be more demand and the real estate market is good a limiting itself to the supply that keeps the prices increasing just about right for them to make a quick buck selling to a captive audience.
- xbmcuser 5y agoYeah but the house buyers will mostly be blue collar workers not making 150-200k a month is the prices won't go as high.
- bradknowles 5y agoThe curve is a cliff. Prices have already doubled and tripled at least once or twice, and that’s just within the last couple of years. There’s no new inventory being built, and there won’t be a significant amount of new inventory built any time soon, because Texas is the most terrified state in the country of all the Mexicans coming across the border to take all the jobs. They’ll spend billions of dollars to protect that border, but nothing to build new housing for people moving to the state.