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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Wyätt Gwyön who wrote (69399)12/26/2006 12:22:16 PM
From: John VosillaRead Replies (1) of 306849
 
'..some of the trendy areas close in, by contrast, 1500sf shacks can set you back 550-600K. that is a pretty new trend imo and i don't believe the close-in bubble is sustainable.'

I would agree with that in the near term. Long term it depends in part on how the urbanism in the core plays out. Compared to some of our walkable cities in the north like Boston, Chicago, Seattle or SF layed out pre-automobile nothing in the sunbelt compares IMHO. But you just know traffic and outer ring growth in Austin will be incredible in the next decade placing a higher premium on being in-town and Austin has as good a chance as any in the sunbelt of succeeding. You can see it in going on in Salt Lake City one of the few places that is ahead of Austin. They've done an incredible job of balancing it all there. It has the look and feel of a modern European city.
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