Prices in Austin don't make sense to me anymore

[Lexi Teifke]

I started my real estate career in 2012 so I have never actually worked in a downturn or a slow market. Lucky me.  Just curious on others thoughts. I don't see how prices can keep going up. All the fundamentals are strong here in Austin. However all I can think about is school and what we learned about how markets are cyclical. Down turn has to be coming soon ? Or I am I the crazy one who is trying to talk about something that literally no one can predict? 

[Greg H.]

It would be easy for me to say that prices in Austin make no sense anymore!  I have been investing in Austin since 1990. Some of my first flips in Austin:

-Purchased condos off of Oltorf for under $5k

-Purchased a home in Allendale for $42000

And so on and so on. I wish I had them all back !!!

However the growth in the Austin area seems to support today’s prices. The last national downturn was more of just a slow down in Austin. While flips are hard to come by and margins are just too thin for me right now, I just do not see the bubble bursting anytime soon