I lived in Austin for 5 years and was pleasantly surprised to experience a market-driven rent freeze about a year or two after the new moderate mayor paved the way for more construction.
Welp...unlike NorCal we do have construction here in SoFlo...but unless you are a transplanted hedgebro, tech exec, foreign embezzler, OF model or influencer/manfluencer (like Clavicular) you're pretty much SOL when it comes to affordable housing. The traffic congestion and road rage will wear you down before you even reach the end of your 50 mile commute...just so you can start work catering to some of the most insufferable people on the planet.
There's a cooling down in the market...but I wouldn't anticipate a glut or collapse. The developers here are a bit wizened from the last housing crisis (2007-2011). It's a false dawn...and proposed legislation to eliminate non-school property taxes will likely kick the current trend into hyperdrive.
Watching it play out in my area. Everyone wants lower housing costs, but do not want to build more housing.
Just want a wand waived making everything cheaper. Its very obvious who paid attention at school and who skipped class.
I lived in Austin for 5 years and was pleasantly surprised to experience a market-driven rent freeze about a year or two after the new moderate mayor paved the way for more construction.
Austin market-driven rent freeze > NYC government-imposed rent freeze
It's maddening so many of our leaders slept through econ 101, we learned the right answers a long time ago people just pretend they don't exist
Welp...unlike NorCal we do have construction here in SoFlo...but unless you are a transplanted hedgebro, tech exec, foreign embezzler, OF model or influencer/manfluencer (like Clavicular) you're pretty much SOL when it comes to affordable housing. The traffic congestion and road rage will wear you down before you even reach the end of your 50 mile commute...just so you can start work catering to some of the most insufferable people on the planet.
There's a cooling down in the market...but I wouldn't anticipate a glut or collapse. The developers here are a bit wizened from the last housing crisis (2007-2011). It's a false dawn...and proposed legislation to eliminate non-school property taxes will likely kick the current trend into hyperdrive.
Austin sounds like a happy medium in comparison.