[symlinkk]

Austin is down 20%. Doesn’t make sense to me. I keep hearing “they overbuilt” - so what, none of the builders saw this coming either?

[lotsofpulp]

> so what, none of the builders saw this coming either?

This falls under the trivial fact that no one can see the future.

[HDThoreaun]

When you can build for x dollars and sell for 2x you still make money is prices go down 20%. Austin is one of the few metros that is building the amount they need

[darth_avocado]

Austin is at the “Californians aren’t over enthusiastically overbidding to move to Austin, so the prices are where they should be” real estate pricing.

[flerchin]

Makes me glad. It means my kids might be able to afford houses when the time comes.