SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kailuabruddah who wrote (27700)3/3/2005 12:48:21 AM
From: renovatorRead Replies (2) of 306849
 
I have looked at Austin( my wife is from there and yearns to return when the NYC attitude gets too rude for her) and found that there are an enormous number of rentals and an all time high level of foreclosures in Travis Co. There is still holdover damage from the TechWreck a few years back. The pricing is reasonable to buy but the prospects for solid income production are not great. Unfortunately, the areas best positioned for the
Capital or University rental market have experienced the most runup in pricing. We know a few people there with rentals but most are running their own businesses out of these properties and thereby gaining equity out of business rent payments to themselves. Nice deal if you need a business space there.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext