The product is Luxury Vinyl Plank Glue down Lyndon NLP205 and is 2.0 mm

Though, even within Mid-City, there are a few ultra wealthy areas. 

I'd do luxury approach.Good Luck!

I was wondering what everyone thought about buying a unit that backs up to a new Luxury Aparment and mixed development complex, and what that does to future values and rents.

Luxury vinyl tile is great for kitchens and bathrooms, installed at 6/sf on the high side.

I have to have an ultra clear picture of their financial capability and where the money is coming from along with is their buying criteria realistic or are they searching for a 1 in 10,000 property that 50 buyers will offer on when it hits the market? 

They barely pass muster as ultra short-term trading instruments. 

Peeps still have to live somewhere and there is still some benefit to owning a home than renting .. it could just be over building in your area as well.. you see that a lot with condo developments the lag time to get them up is so long that by the time they come to market the market cant absorb more.Not sure in Austin other than there was from what I understand a large run up.. but I can see luxury pricing in Texas being an issue with the prop tax's that are quite a bit higher than other parts of the country but that is usually mitigated for texas residence who don't pay state income tax as there is none in Texas.. so I think texas for TExans is a great investment long term. 

I also have a lot of experience in real estate (I used to sell luxury homes in LA and my license is still in good standing although I haven't been active).

We do not play by the same rule book as the ultra wealthy, alas.