The night life scene is very popular in downtown Austin, and the crowds have begun moving away from 6th street and towards Rainey Street.

. $900 is high but as mentioned, they may be doing a lot of items behind the scenes incl. security. 

Below is a more comprehensive listing of all the items that go on behind the scenes when a builder references the  "permitting process."

@Jay Ben It seems like you are in the right circles (exploring the BiggerPockets and the Meetup scenes) IF you were wanting to find newer operators dealing with class B and C properties in Sunbelt states like Texas, Florida, and Arizona. 

With previous experience in banking strategy in Australia, I have made the recent career/country move into the American multifamily real estate scene and am loving every minute of it!

If you had, you'd know that there are always behind-the-scenes causes for most statistics that aren't obvious in the statistic itself.

Can't promise anything for the future but more and more people are moving here every year for the famous Boulder lifestyle which has basically become its own brand, Google just opened a branch, there's a vibrant tech scene and a huge start-up culture fueled by a few big VC groups, many of the biggest health food and natural products brands are based here, the outdoor industry is huge, there's biotech, cleantech, software companies galore, the university provides a lot of recession proof high paying jobs as well as the hospital, NIST, NOAA, UCAR, NCAR, IBM, Lockheed Martin, Ball Aerospace, Sierra Nevada Corp., Qualcomm, Rally, Batelle, Covidien, Medtronic, Northrop Grumman, Whole Foods, etc. plus Denver is only a 30 minute commute. 

Well just kidding just wanted to do a few more than Chris Clothier.Happy to see everyone have great years... it was a nice year for us as well... being the little engine that could and behind the scene's was again a nice place to be, with wonderful partners all over the US... its just great to see things bouncing back so nicely..

Lots of future upside on the appreciation/rent growth side as well in my opinion with the tech scene and other developments going on in and around the city.

The rental scene was out of control, you were fighting people to sign a decent place to live.