May not be necessary to build a “building”... but mild winters in Austin.

FYI, the mildly disturbing part is that Account Closed was actually asking about finding a mentor.

I had to buy some towels, detergent, pillows and sheets; but those are pretty minor items. 

My concern is with such little supply (again our suburbs are some of the most supply constrained in the country) that any uptick in demand leads to at least mild prices increase (it’s still hard for me to imagine double digit price increases) But I just think there’s a pool of either irrational homebuyers or frankly people who want to raise there family and aren’t super cost constrained that an improvement in rates will lead to mild price appreciation, totally agree though if rates remain this high prices will come down and that even at 6.5 rates there will be a extremely strong argument for renting.

To illustrate that, consider that Silicon Valley has a larger population than the Denver Metro area, yet had <20% the SF housing starts in the last year, with only mildly lower population growth (~0.5% difference).So what will prop up the high prices people are paying now once all those new constructions hit the market?  

Some guys/gals got killed last GFC still and for some it was a very mild bump along the way depending on location. 

If you are "concerned/worried about driving the area-- just call that area a D.It's a judgement call.A fish knows his own pond best (who and where to avoid on a micro scale) and some people are loads tougher than others, making a D a good fit for them.But for the more mild mannered ones, even a C might be to much. 

Sometimes there is only great recession data, and that recession was pretty mild on some asset classes, versus previous recessions.

Sometimes there is only great recession data, and that recession was pretty mild on some asset classes, versus previous recessions.

Remember with STRs, you’re paying all utilities including internet, plus providing paper goods, soap, laundry detergent, etc.