Is the Austin real estate estate market about to fall off a cliff? (Round Rock: rental, credit)

[austin-steve]

Originally Posted by Kosmonaut

I'm going to assume you specialize in higher-end listings.

We are obviously at opposite ends of the spectrum here in regards to our opinions of the local market. Don't let it eat you up.

Wrong again.

And it's not a matter of opposing views, or opposite ends of the spectrum. You're simply a fountain of balderdash. What grade are you in anyway?

My profession is real estate. It's important to me. CD is a relocation forum, where people come to share and learn information about Austin and its real estate market. You, being someone with strong, uninformed opinions, generate a lot of false and incorrect information, which isn't helpful - to anyone.

Sure, on subjective topics, including real estate, there is a LOT of room for opinion, guesswork, predictions, and different points of view. No argument there, and we have years of intelligent sometimes heated discussion on the Austin forums which demonstrates that it's a big tent of varying opinion.

But just like if you went into the Math Forums and started spouting bogus formulas or saying you can disproved the theory of relativity, those who study math more seriously than you would call you out, ask you to back up what you're saying and prove it.

Real estate, at the macro level, has some pretty simple and easy "rules of thumb", such as its relationship to job growth, unemployment, and median salaries in the market area. Those rules sometime get violated, or go out of sync, but always return to the mean.

You come on here, obviously knowing nothing about how any of this really works, and ask if Austin's real estate market is about to fall off a cliff. The question itself is a joke, to most of us who know even a smidgeon about anything. But it's a friendly crowd around here and it looks like you stir up the attention you want. Fair enough. It's the internet. But you're not helping anyone when you make bold assertions that are simply false and then spend great effort trying to argue about it.

If you disagree with me, start a poll about yourself.

Steve

[10scoachrick]

I don't care WHO you are, that's funny right there!

[Banacek]

The people whose bread and butter depends on selling real estate are exactly the people I would NOT believe. If it's no big deal, then why do R/E agents always get so defensive and touchy regarding bricks and mortar?

The aggression shown towards Kosmonaut seems to be disproportionately applied here. Perhap he's cutting a little too close to the bone?

[10scoachrick]

Originally Posted by Banacek

The people whose bread and butter depends on selling real estate are exactly the people I would NOT believe. If it's no big deal, then why do R/E agents always get so defensive and touchy regarding bricks and mortar?

The aggression shown towards Kosmonaut seems to be disproportionately applied here. Perhap he's cutting a little too close to the bone?

Oh, puh-leeze.
The interest rates have been ticking up all year and so have the prices. 4.5% is 'extremely low and dangerous' ??? Tell that to the folks who have 2.9 and sold their house for a tidy margin over what they paid just a few years ago.

Yeah, falling off a cliff all right.

[TexasHorseLady]

Originally Posted by Banacek

The people whose bread and butter depends on selling real estate are exactly the people I would NOT believe. If it's no big deal, then why do R/E agents always get so defensive and touchy regarding bricks and mortar?

The aggression shown towards Kosmonaut seems to be disproportionately applied here. Perhap he's cutting a little too close to the bone?

On forums like this it's because misinformation is being spread and then we have to correct those misperceptions of reality in our clients before they can accomplish their goals, whether the misinformation is from Zillow or from someone on a forum like this who hasn't a clue but spreads misinformation anyway. They make our job harder, and even worse, they make it harder for our clients to accomplish their goals. It's not defensive, it's damage control for those to whom we have a duty to provide accurate information. Komeht, on the other hand, has no such duty and thus can say anything he wants whether it bears any relation to reality or not.

[Austin97]

Originally Posted by austin-steve

If you disagree with me, start a poll about yourself.

Steve

I did do this maybe 6 months ago, it got deleted by the mods and I got a warning for attacking another user

[TexasHorseLady]

Okay, some information about the Texas (including Austin, of course) real estate market from the keepers of the info, a title company.

[Komeht]

Originally Posted by TexasHorseLady

On forums like this it's because misinformation is being spread and then we have to correct those misperceptions of reality in our clients before they can accomplish their goals, whether the misinformation is from Zillow or from someone on a forum like this who hasn't a clue but spreads misinformation anyway. They make our job harder, and even worse, they make it harder for our clients to accomplish their goals. It's not defensive, it's damage control for those to whom we have a duty to provide accurate information. Komeht, on the other hand, has no such duty and thus can say anything he wants whether it bears any relation to reality or not.

I'm not incentivized to engage in puffery verging on fiction like some of the realtors are on here (such as statements like "20 minutes door to door Steiner Ranch to Downtown" or "Hutto is a great place to live with lots of upside potential" or "Leander is very walkable").

That's not a defense of the OP who is clearly brain damaged. Again, I'll note that he started the thread by claiming Austin Real Estate was about to fall off the cliff - shortly thereafter, all time high real estate records were broken. The Austin market is sound for the moment. That's not to say there won't be a downward trend as some point in the future, all assets have ups and downs in the market. There's just absolutely no reason to believe anything will derail this train which is largely a result of very limited market supply (mostly due to 5 or 6 years lack of any activity in building market, but also due in large part to some of the most onerous and overly burdensome, costly and prohibitive set of regulations and land use rules in the nation). We reap what we sow and if we don't sow then we don't reap. Good for those of us lucky enough own central Austin real estate, bad for everyone else.

An any case - at a 150 people moving to Austin every day that means at an average of 3 persons per household 50 new houses, apartments or condos need to come on the market every. . single. . .day just to keep up with supply, let alone eat into the increase in market value as the city gets better with each passing day.

[TexasHorseLady]

Originally Posted by Komeht

I'm not incentivized to engage in puffery verging on fiction like some of the realtors are on here (such as statements like "20 minutes door to door Steiner Ranch to Downtown" or "Hutto is a great place to live with lots of upside potential" or "Leander is very walkable").

That's not a defense of the OP who is clearly brain damaged. Again, I'll note that he started the thread by claiming Austin Real Estate was about to fall off the cliff - shortly thereafter, all time high real estate records were broken. The Austin market is sound for the moment. That's not to say there won't be a downward trend as some point in the future, all assets have ups and downs in the market. There's just absolutely no reason to believe anything will derail this train which is largely a result of very limited market supply (mostly due to 5 or 6 years lack of any activity in building market, but also due in large part to some of the most onerous and overly burdensome, costly and prohibitive set of regulations and land use rules in the nation). We reap what we sow and if we don't sow then we don't reap. Good for those of us lucky enough own central Austin real estate, bad for everyone else.

An any case - at a 150 people moving to Austin every day that means at an average of 3 persons per household 50 new houses, apartments or condos need to come on the market every. . single. . .day just to keep up with supply, let alone eat into the increase in market value as the city gets better with each passing day.

My apologies, I see that I typed Komeht in the post the above is in response to when I meant to write Kosmonaut (the OP).

[10scoachrick]

PROGRAM!!!!
Get your PROGRAM!!!
Can't tell the players without a PROGRAM!!!