5 ms·
Austin isn't much better. We have a 9% jump in the last 6 months. http://www.rentjungle.com/average-rent-in-austin-rent-trends/ http://www.rentjungle.com/aver
by jdhawk 12y ago
Austin isn't much better.
We have a 9% jump in the last 6 months.
http://www.rentjungle.com/average-rent-in-austin-rent-trends/ http://www.rentjungle.com/average-rent-in-austin-rent-trends...
http://kxan.com/2014/08/01/austin-hottest-real-estate-market-in-the-us/ http://kxan.com/2014/08/01/austin-hottest-real-estate-market...
While these seem like peanuts for Coaster's, its having a pretty huge effect on long time residents. We're undergoing a building boom that feels insane.
- gojomo 12y agoAn actual building boom offers better hope that at some nearer point, the rent increases will pause and reverse.
- jdhawk 12y agoYou'd think so, but the last 3 years have not brought relief...I'm not complaining about housing prices - I've owned for a while, but I feel for my renting friends. Traffic on the other hand...that's something to complain about
- CoreSet 12y agoAs someone on the inside, I'm sorry to say it's going to get worse before it gets better. But there is a real chance, that in a few years, we'll see some moderation, as Millennials fail to replace the last crop of new homebuyers and current values fall. That's what I'm hoping for, at least.
- CoreSet 12y agoAnd I second your thoughts. Transplants from the coast still think it's an affordability paradise, but for someone who's grown up here all his life, the picture looks bleaker. I just hope we don't become SF!