4 ms·
Nope. Rents dropped because the _population_ in Austin dropped. It has recovered to 2019 level only the last year and is still below the peak 2020 level (stats
by cyberax 2y ago
Nope. Rents dropped because the _population_ in Austin dropped. It has recovered to 2019 level only the last year and is still below the peak 2020 level (stats are taken at Jan 1).
2019 - 978,763
2020 - 995,484
2021 - 964,177
2022 - 975,418
2023 - 979,882
For the same reason, the SF rents also dropped by 30% during the pandemic.
And if you look at the surrounding Travis County (in TX), the population (and prices) there grew.