#3 Commercial Real Estate Investing Contributor
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- Dallas, TX
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Austin can DEFINITELY grow for the next 5-7 years
#3 Commercial Real Estate Investing Contributor
- Attorney
- Dallas, TX
https://austonia.com/spacex-st...
Between Tesla, SpaceX, other tech companies. Austin is going to attract the main talent even if the manufacturing occurs outside the city. We just had a good post wondering if prices can continue to rise. I think its a greater than 51% chance they will.
Am I wrong?
Most Popular Reply
@Jerel Ehlert I am not arguing safety. I am arguing for less restrictions on what one can build to alleviate housing pressure. The city has had the same zoning since the 1980's. Do you think that restrictions on meeting demand in neighborhoods (allowing for more housing units) will impact housing prices? Sure it will. San Antonio is much more relaxed. Houston is definitely more relaxed. I am not really sure about Dallas but I have done deals in San Antonio and Houston so I know those markets. Heck in San Antonio they allow for old Victorian houses to be converted to apartment buildings with as many as 8-10 apartments. In Austin, that is one house for one family only. Don't get me wrong..I love Austin but its ironic when the city politicians say we want more affordable housing and then have strong restrictions on limiting building in neighborhoods.