Ok so here is an odd one.

Austin area has one of the strongest employment market, although there was some over-built especially with MFRs.By the way, here in California, proposition 13 prohibit raising property taxes for the duration of the ownership beyond the rate of inflation.

The saving grace may be that the government needs inflation and low interest rates and they do control the printing presses.

I bought one from an open house, so it happens occassionally.I was driving through a neighborhood I liked, saw the open house sign and stopped to look at the house.I think the odds of selling through an open house are slim.

Its kind of odd but that’s how it works.

What I find kind of odd is that as you educate the other guy, they know what you know, where is your advantage in doing business.

It struck me as odd that the other party went from around 10k under asking (similar to my offer), then upped it to over asking price on their own accored.

So, for example, the coming inflation many predict will have a huge effect (through interest rates) on home prices that people can afford to make payments on.Having said all that, if prices fell again I don't think they would release everything back on the market.

I'm raising rents and will only do month-to-month leases - so that I can rapidly raise rents as hyper-inflation and costs rapidly rise during the coming economic crisis.

Also, what do you think are the odds of getting that taken out?