3 ms·
> We built a ton of housing over the past 5 years, and last I read rents have fallen 22% and house prices have also gone down considerably You mean 22% in the
by seanmcdirmid 2y ago
> We built a ton of housing over the past 5 years, and last I read rents have fallen 22% and house prices have also gone down considerably
You mean 22% in the last year? Definitely not 22% compared to 5 years ago.
- hn_throwaway_99 2y ago22% compared to the peak. https://nypost.com/2025/02/27/real-estate/austin-is-seeing-the-biggest-decline-in-rents-in-the-us/ https://nypost.com/2025/02/27/real-estate/austin-is-seeing-t...
- seanmcdirmid 2y agoThat means that over the last five years, Austin real estate prices could still be up more than other cities. It looks like they went from $400K average prices in 2020 March to $600K now, but the peak is $680k. Is that because it took builders a while to catch up with a sharp increase in 2020, and now they "caught up"?