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

To: John Vosilla who wrote (69392)	12/26/2006 11:13:59 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

all the can to keep the housing bubble in prices from happening there outside of the downtown core. yeah, there has been a bit of a bubble lately in "close-in" Austin, whereas the outlying areas like Circle C, Round Rock, Cedar Park, etc. don't see much appreciation at all. it is these types of edge-city areas that outsiders move into. go down to Circle C and you will meet a lot of people from Silicon Valley, San Diego, and other bubblezones who sold their bubble houses on the coast and paid cash for a better place here with money left over. they can buy a nice, new 3000sf brick or limestone house with all the yuppie trimmings for 300-350K, or 2000sf house for a lot less. in 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.