Quote:
Originally Posted by KevinFromTexas
Not to steer the topic away, but Lockhart is way cheap. We went down there for something on Craigslist a year or so ago, and the guy we were buying from mentioned the property next door was his. He said he bought the lot for $1,500. It was an old neighborhood maybe 3 blocks from downtown Lockhart.
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This is an example of why I would never trust high property values in Austin the way I do in places like coastal California --- high prices in Austin exist in a spatial bubble, which to me is just as risky as a temporal bubble.