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Originally Posted by We vs us
You’re right, but tech is SUPER slumpy. It’ll be interesting to see which one wins in the next downturn.
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Yes, but aren't most of the big tech companies expanding in Austin flush with cash just now? Our market will follow the job growth rate, which shows no sign of slowing for the next 3 year or so. They yield curve may be blinking red, but that is one factor.....inflation is low (which boggles my mind actually) and employment is great. Austin is a good bet to put money to work for developers/equity firms IMO. I worry more about the big coastal cities bleeding population due to ever increasing costs of living.
https://www.usatoday.com/story/money...tion/35801453/
We are the "cost alternative" to the coasts....employers know that a good percentage of their employees do not want to live with high costs and cut throat atmosphere of SF or NYC. Move to Austin, make a good living, and enjoy life a bit more. Most who move here should have plenty of equity in their homes to sell and purchase something bigger/better/newer and closer to work.
Facebook, Google, Juul, Amazon, all want alternative cities for their employees to work/live, not to mention, they want post up close to all the Unis within 2 hours of Austin, and the seat of power in a very conservative state.
2 of the biggest success stories in downtown in terms of sales, the Austonian and the 4 Seasons both were started at the beginning of the last recession. By the time they were completed, we could see the light and sales pushed through.
The thing that can really hurt us is if money dries up as it did in 2008, but for now it's all about the jobs.
Thanks to the NIMBY's...real estate prices will stay strong due to the exclusionary zoning.....(and from what I've heard, Code Krunk won't do much to change the zoning)