New Braunfels Deal - Yay or Nay?

[Divya Prasad]

Hello BP community,

I am looking for advice on this deal, and the New Braunfels location in general. I am hearing that the market is slowing down there and may not be a good place to invest. But it has a fairly low property tax (1.5%) which is giving good numbers, and if my strategy is long term rental (thinking 5+ years buy and hold, or 3 years depending on whether we want to upgrade our current home..), would it still be worth it?

2400+ sqft, fairly new construction, low HOA, 310k - 325K. I plan to negotiate for a buy down option. Interest rate ~6.8 but it has fluctuated so much in the past few weeks that I'll not know until the day of contract. 25% down.

Eagerly waiting for your insights!

[Katie Greenman]

Here is the 2022 economic benchmark: https://assets.simpleviewinc.c...

Found this article to be interesting, opposite of what other agents have been telling you regarding growth: https://www.expressnews.com/ne...

New Braunfels is in between two large cities with extreme growth forecasted and even termed metroplex like the DFW area.  Downtown Austin to DT San Antonio is around 80 miles and NB is almost right in the center.  With a housing affordability crisis happening in Austin many people are looking south and finding options in the Hays and Comal counties. What other options are you considering?