4 ms·
Sorry, misclicked on this one: 2024 (ACSDP5Y2024.DP05): 979539. The 1Y series is indeed https://data.census.gov/table/ACSDP1Y2024.DP05?q=Austin,+TX https://dat
by cyberax 8mo ago
Sorry, misclicked on this one: 2024 (ACSDP5Y2024.DP05): 979539.
The 1Y series is indeed https://data.census.gov/table/ACSDP1Y2024.DP05?q=Austin,+TX https://data.census.gov/table/ACSDP1Y2024.DP05?q=Austin,+TX at 993771. I believe this is a statistical outlier, and is not reflecting the true population.
So let's test my prediction, shall we? The 2025 data will be released in April. If my prediction holds, then the population figures for Austin will be nearly flat or falling.
I also made the same prediction for Seattle, its rents are now falling slightly. So its population will be decreasing.
> With SF I agree that it went down because of population but I’m not sure how that explains 19% reduction in rents in Austin with higher population.
As you see from my data, the consistent series up to 2023 indicated falling population. The 2024 data was the outlier.
- simianwords 8mo agoI still don't see your point. The population increased in Austin while the rents decreased. Even if nearly flat, the rent fell down by ~19% in real terms. How do you explain that?
- cyberax 8mo agoFirst, even if we assume that the number is correct, it's a very slight increase over the 2019 levels. Just around 2% growth within 5 years. Second, I made a prediction that this number was simply incorrect, and we'll see it going down this year.