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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: renovator who wrote (27701)	3/3/2005 1:17:13 AM
From: John Chen	Respond to of 306849

renovator,re:"techWreck a few years back". You ain't see nothing yet. How much can you afford if your salary is around $30k to max at $40k and the daily possibility of being promoted to manager or out of the door due to you're too expensive to hire.

To: renovator who wrote (27701)	3/3/2005 10:04:25 AM
From: bentway	Respond to of 306849

I'm from Austin, and have a brother and sister that still live there. My brother has had a house on the market for over two years - I don't think Austin is a bubble area, but he's asking too much for the house, which is at the high end of housing in Austin. (he's asking 2.6 million, with not a dot.com millionaire to be found!) Austin IS still suffering from the dot.com implosion, after having been touted as one of the "next Silicon Valleys" and a "megatrend city" in a popular book a few years back. McMansions pepper the once beautiful hill country and traffic is often a nightmare in some areas. I think Austin is still digging out from overbuilding prior to the dot.bust. That said, Austin has had significant appreciation in the past, and is one of the few places I'd move to in Texas. Local RE people are telling my brother that appreciation is coming in the near future - but he's not sure he believes them.