I was trying to give the benefit of the doubt since there was a pandemic.

Guess, its pandemic shifted everyone to single family residences.As for the age.

Pandemic proof, recession proof, unemployment proof, wups I forgot it’s rent time proof!

There are deals to be had as prices have gone down compared to two years ago but compared to pre-pandemic we have appreciated.

The pandemic spurred a multifamily construction boom (condos, apartments, townhomes etc.).

During the pandemic I was working with several traveling nurses who were looking for short term rentals in the area, close to hospital systems, and were willing to pay 50-70% over market rent for 3-6 month leases. 

, but it was still down ~32% compared to pre-pandemic (boo!).

Compared to the recent pricing peak in May 2022, single-family home prices in Austin are down approximately 11%.For some broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:As you can see, pricing in Austin is still substantially above pre-pandemic levels.

It still made sense to purchase but unfortunately my investors got nervous at the last minute since we were in the midst of a pandemic and the stock market was doing funky things, so they pulled their cash to purchase it and all my cash was tied up elsewhere, so I had to move forward with the quad and 9 unit. 

There has been a slight uptick in the homeless population since the pandemic started, but they are usually pretty harmless.