All Forum Posts by: Vik J.

I thought with overbidding and all, it's selling for 30% above asking price? I recently saw a Leander house listed for 280K that sold for 410K or summat.

Obviously, I'll start with a "yay Austin", but overall, it always amazes me that these IT companies reckon people are willing to go back to the office. Almost most of my IT friends are loving the WFH thing, and very few, at best seem to want the hybrid model. 

Edited to add, kudos to @Rohan D. for the very factual response as well. I agree with what he says.

Vinoth, unless you're getting an amazing deal on an off market property, it's very hard to cash flow with both home prices and the bidding wars, and THEN the latest Fannie Mae announcement about increase in int rates for investment props. My advice would be this: Any part of greater austin including Hutto is poised for growth. So if the numbers make sense (add 20-30% for bidding wars) and the home is in a good condition, go for it. 

I'm surprised it's not resulted a big boom in I'polis rates. Sure, you've got the fancy neighbourhoods with new constructions and all, but existing home prices and their appreciation is middling at best.

I just use a spreadsheet (for the basic calcuations) and my gut. 

I've played around with some of the above, but truth is, like stock analysers, these tools make a lot of assumptions on the future based on history (which maybe valid), dazzle up a lot of numbers, and I'm afraid I'll fall into analysis paralysis if I dig in too deep.

My response sounds a bit too simple, I'm aware, but so far my gut hasn't failed me!

Update on this - 

https://www.theverge.com/2021/...

another record breaking spree! 

https://cbsaustin.com/news/loc...

Anytime Lynn!  Also belated welcome to this forum and we hope to see you here more often! 

Like you, I haven't noticed anything related to hardships. In fact, I just increased rent by $100 on new lease, found renters to occupy 2 days after the former tenants left. If anything, I'm seeing that the quality of applicants are higher.... the 5 families that applied all had credit scores above 750!!!