I lived just down the road from you @TravR1 - North loop and Burnet rd. When I moved out of Austin in 2018 it was 1000 a month. For a 575 sq ft apt that was built in 1969. The new ones that they built in that area were quite a bit more.
It would be fine if we got cost of living increases, but we never did. Then after that everyone would whine that teachers and other workers that are needed were moving out. I heard it all the time on the radio. Not sure if they fixed that problem. Been a while since I got to listen to Jeff Ward. Teachers. If they cant afford to live there, they won't. They will go teach in Georgetown or New Braunfels.
I worked in Austin, but the closest I lived to it was Marble Falls. I have never had the desire to live in Austin itself. used to park my truck at an elderly german ladys house on bannister lane, she had super nice old rock home on 3 acres, that her late husband had built years before, That place was wirth a small fortunein the late 80's, no telling what it would be worth today. Every evening when I parked the truck, I had to drink a beer on her patio with her. lol
God, we'd like it slow down. The traffic is at Beijing levels now, every ###### day. And the number of ####ty "mixed-use" 3 and 6 story apartments going up with the revolving door of failed boutique retailers at street level is...not rational.
Lol. Who is getting all these condos? I’m not in Texas but same thing here. One has four penthouses. Two year lease 16k a month rent. All rented... I know the general contractor got one. Idk about the other 3.
No one. They're artifacts of finance/write-off loopholes. Developers kind of win, lenders kind of win; no one around for the beginning is around in ten years when the scheme - and building - starts falling apart.
People making the big money. When gas bills spiked last year lots of houses went up $300 mth . A lady was saying hers went up $1300 for the month but you should of seen her house - looked like a hotel. Lol