Austin RE market craze - is that a bubble?

[Anastasia Papyan]

Hello BP! We moved in Austin one year ago and was shocked how big SFH demand is! Almost every house has multiple offers, Even not that pretty ones :) so the question is: how long will that craze continue ( in your opinion)? Is it even possible to fund the cash flow rental property? Is that a bubble and when is it going to burst?

Please share your opinions 😊

[Dan Burstain]

We didn't burst during the oil crisis.  We didn't burst during the dot com bust.  We didn't burst during the housing crisis.  We will be fine.  Prices are climbing as we speak.  We are about to be the 10th largest city in the nation expected to double in size in the next 15-20 years.  Now Tesla is coming to Austin and the jobs keep coming.  Time to get in is now.  We have 40 years of data that shows people should invest in Austin sooner than later.