To all those CA investors, how are those 2-3 rental home purchases you made in 2021 are now faring ? 😂 ICYMI, Austin housing market is now a crap shoot. Too many apartments, multi family and single family homes sitting on market without any renters. Home prices are down 20% from the peaks, homes sitting on market on average of 65+ days. Worst hit are those who paid CA bucks for mediocre homes in upwards of $500k for investment homes.
None will shed tears for some CA investors. It’s a good thing that a lot of people will be able to own home.
Precisely.
Housing is picking up everywhere else though. What's going on there?
It has picked up in Austin too. OP doesn’t know shit
Too much supply and available inventory that is exceeding demand.
Yeah... It is crashing so bad...
Redfin/zillow estimates are bad. Just try selling and see what price you get
This actually looks pretty bad to me
Caught that Spring 2022 peak when we sold ours. All those liberals can have it. No regrets.
I don’t think liberals moving to Texas. They are from CA and fed up with liberal sh** that is why they move.
Austin is a shit hole congrats for getting out
LIBRULS
People who bought in 2021 should still about breakeven
breakeven as in agent commissions, prop tax, maintainance is free?
3% interest for 3 years is not quite 0 either and remember housing is leveraged out 5x right? 🙂
Should I buy a rental property in Austin?
Let the falling knife stop falling
Even Bay Area is still below the 2022 peak. I don’t have rentals in Texas. Price is back to 2021 but interest rate is much higher now, so you are still better off if you had bought in 2021 than now. Austin has not been a good investment but it’s still better than sitting on cash. There are plenty other states that have done much better than Texas in appreciation since 2021.
What states are there?
Florida, Nevada
lol.. someone is salty.