10 year old House in Pflugerville - Rent it out or sell it?

[pjoseph2]

Originally Posted by CptnRn

Economists predict a housing shortage in 2010

Would you happen to have a link or data to back up that assertion?

Economics is a science. An experimental science. We are the lab animals. Ain't life grand? (comment shamelessly copied from Clusterstock).
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The rest of your post was quite helpful.

[CptnRn]

Originally Posted by pjoseph2

Would you happen to have a link or data to back up that assertion?

Economics is a science. An experimental science. We are the lab animals. Ain't life grand? (comment shamelessly copied from Clusterstock).
----

The rest of your post was quite helpful.

Correction, the prediction is for 2011

Housing shortage may cause home values to rise by 2011

It quotes economic forecaster Angelos Angelou.

Angelou estimates newcomers move to Austin at a rate of approximately 42,000 a year. Those newcomers, coupled with the decrease in home starts — or new homes under construction — may lead to a shortage over the next few years, he said.
“Three years ago we were building new homes at a rate of about 18,000 a year, and last year we only built 8,100 housing units. This year we anticipate even lower: 6,000 or so units. That’s not enough,” Angelou said. “The ideal number of home starts for Austin is 11,000.”

[CptnRn]

Something new (July 2, 2009) that I just came across:

Builders pick up the pace on area new-home starts

New-home prices were flat in the second quarter compared to a year ago, with the median at $213,039, Residential Strategies reported.

But Sprague and Felder both said the stage is being set for higher prices.

With less than a three-month supply of new homes available for sale (two to 2½ months is considered healthy), coupled with what Felder thinks is significant pent-up demand, "I believe prices will start moving back up this fall, due to increased demand and lack of supply."

And because builders have been holding off on preparing lots for future construction, Sprague and local real estate consultant Charles Heimsath said there could be a shortage in a year or so, particularly in desirable locations close to the city.

"There is little question in my mind that lots in close-in locations will be in very short supply at this time next year," Heimsath said.

[pjoseph2]

Thanks for the clarification, CptnRn. Given the buzz on this forum lately, Angelou's forecast might be too conservative

It is nice to see that one city (state?) is actually holding up amidst the big dip.

Here is a contrary viewpoint. As far as renting goes, there is plenty of choices (at a significant discount to buying).