Certainly no expert, but definitely still looking. I know a lot of people in Austin are taking a hit right now. Cancelling SXSW in and of itself was a major blow. Everything else on top of that has got to be a tsunami for earniers in Austin and I hope we will help to get everyone through it.
Still, it will be temporary. It feels like we pressed the pause button on the entire economy. when the dust settles, I think Austin will bounce back quickly. Who disagrees?
Do you guys foresee a drop in Real Estate prices? Right before the quarantine, a house in my neighborhood got multiple offers at what I felt was a high price. Since the quarantine, another has listed quite a bit lower, but still an Austin kind of price. They are offering video tours for potential buyers.
As an owner, of course I don't want a pause in appreciation, but as a buyer, a pause in price escalation might be a good thing.
Does anyone think that out of town investors might pull back a little? That wouldn't hurt my feelings at all.
Hope everyone is healthy and safe.
