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Austin is down 20%. Doesn’t make sense to me. I keep hearing “they overbuilt” - so what, none of the builders saw this coming either?
by symlinkk 1y ago
Austin is down 20%. Doesn’t make sense to me. I keep hearing “they overbuilt” - so what, none of the builders saw this coming either?
- HDThoreaun 1y agoWhen you can build for x dollars and sell for 2x you still make money is prices go down 20%. Austin is one of the few metros that is building the amount they need
- lotsofpulp 1y ago> so what, none of the builders saw this coming either? This falls under the trivial fact that no one can see the future.
- darth_avocado 1y agoAustin is at the “Californians aren’t over enthusiastically overbidding to move to Austin, so the prices are where they should be” real estate pricing.
- flerchin 1y agoMakes me glad. It means my kids might be able to afford houses when the time comes.