Austin - Yay or Nay?

[Account Closed]

I see the pros and cons of course in a hot market but would like to know what others opinions are either in a similar market or people who are in Austin right now. For context, I have been living in Austin my entire life and am ultimately bullish, for good reason, but would love to hear others takes.

[Ryan Kelly]

@Account Closed I follow commercial real estate to determine if a market will be a long-term play. Right now, Austin has 42 towers in development in the central core, a massive Tesla Gigafactory under construction in east Austin, a multi-billion dollar Apple campus under construction in NW Austin, a potential 17-billion dollar Samsung factory coming in NE Austin, as well as dozens of companies moving their HQ here in the past 12 months. These are all signs the BIG companies are making long-term bets on Austin, much more than any single-family investor. To me, that's the info I trust to make long-term decisions. This is not an immediate cash flow market as the appreciation has been too strong. However, the rental market is quickly rising and long-term will be incredibly strong.