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Old 08-29-2015, 08:33 AM
 
Location: Denver
4,716 posts, read 8,573,645 times
Reputation: 5957

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Quote:
Originally Posted by radiolibre99 View Post
So of course Westerner you're the happy medium?
The truth tends to be in the middle, yeah. I don't claim to know the answers, but addressing the rising cost of housing in Austin sure as hell won't be solved by the city government trying to form a command economy (like what OP seems to claim is the simple answer, the brave reformer he/she is). I also believe that more needs to be done than telling people to take responsibility for themselves (conservatives like to use that line as a cop-out for why they don't want to help solve a problem).

 
Old 08-29-2015, 12:26 PM
 
2,602 posts, read 2,979,549 times
Reputation: 997
Quote:
Originally Posted by cBach View Post
The real problem is people moving here without a job
Obviously this isn't actually happening to any significant degree, since Austin's unemployment rate is basically non-existent.
 
Old 08-29-2015, 01:16 PM
 
Location: Dallas
2,414 posts, read 3,485,457 times
Reputation: 4133
Quote:
Originally Posted by Westerner92 View Post
[mod cut]

Oh man, this thread is a gold mine for cringey internet politics.
Thank you!

This not the Politics and Other Controversies Forum. Let's stay ON TOPIC, and leave the unnecessary political comments to yourselves!
__________________
MODERATOR FOR AUSTIN, DALLAS, FORT LAUDERDALE, & TEXAS
Terms of Service/FAQ/Information for Realtors
 
Old 08-29-2015, 02:06 PM
 
3,804 posts, read 6,170,358 times
Reputation: 3338
Quote:
Originally Posted by Trainwreck20 View Post
Well, then, lets start with the one issue:
If the supply is limited and you limit the price, how do you decide gets the unit?
I propose fights to the death by interested apartment hunters. It will establish Austin as the world leader in the much underserved market of death sport enthusiasts, provide the city tax revenue when out of towers come to watch the fights and stay in hotels, eat at restaurants, and the like, and help develop a bookmaking industry if people are allowed to bet on the fights. In addition as potential tenants die in combat the demand for new apartments will lessen. It's a win-win situation for everyone except the losers.
 
Old 08-29-2015, 04:18 PM
 
1,091 posts, read 1,075,757 times
Reputation: 562
Quote:
Originally Posted by verybadgnome View Post
WSJ had a good article on this:

Rents Rise Faster for Midtier Apartments Than Luxury Ones - WSJ

"The difference in costs between installing granite countertops and stainless-steel appliances is so slight compared to buying land and installing elevators that economists say developing a luxury apartment and a midtier one comes out roughly the same. Historically, developers could save some money by building low-rise buildings in suburban locations, but even those are becoming increasingly difficult to build as even suburban officials push developers to develop midrise buildings in central locations and reduce sprawl."

Please keep in mind, though, that the more luxury units that hit the market the less pressure there will be to remodel older, cheaper apartments to the luxury category. An analogy (imperfect as they all are) is the more people that buy new cars the more previously owned vehicles there will be on the market at lower prices.
Great minds think alike, I was just about to mention that article!
 
Old 08-29-2015, 09:37 PM
 
Location: Lancaster, PA
997 posts, read 1,311,969 times
Reputation: 577
Drove by these today and thought of this thread - decent location too, off Ben White and near 35.

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