We used to do this as the operator, 13 doors before the pandemic in SoCal.

There was a fantastic recent BP Blog about home prices being up nearly 50% (47%) since 2020. Recently several of my investor clients have leveraged equity in their primary or investment properties as down payments for...

A lot of people are moving out of California because of the pandemic, lack of economic support, and high taxes/cost of living. 

Unemployment is still not as strong as it would had we never had the pandemic.

I used the recent run up in prices during the pandemic to sell everything.

Rent-to-income ratios (among new lease signers) are nearing the pre-pandemic norms of 21-22% (Whitaker).More good news. * *Side note, overall shelter costs (not just apartments) is trending higher than both: overall inflation and wage growth, at 5.4% YoY.

We had 9/11 and a pandemic and a Great Financial Crisis but none of those even came remotely close to the Spanish Flu or the Great Depression.

some more valuable data :several suburbs and smaller cities have seen significant population growth in the years following the COVID-19 pandemic, particularly those located in the South and West regions of the United States.

We had up to 13 units before the pandemic when we lost them all.

Inventory is now very substantially above the extreme lows seen in recent years, when inventory in the Austin area fell below 1 month (very extreme imbalance between demand and supply) for a sustained period.Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single family home in the City of Austin over the past two years:The median price for a single-family home in May 2024 was down roughly 10% from May 2022, which was the most recent pricing peak in the Austin market.For some 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 Austin is still substantially above pre-pandemic levels.