Downtown Austin's first supertall! (Houston, Dallas: hotel, neighborhood, purchase)

[ashbeeigh]

Originally Posted by Swizzle Stick

Austin's culture changes every 20 years with each successive layer of arrivals. It's not up to us to choose which year we want to freeze in time, and preserve that time with other peoples tax dollars by paying people mortgages or their taxes for them.

There's a difference between history and culture and you seem to have those two things confused. History needs to be preserved in some instances.

[Need4Camaro]

Originally Posted by Swizzle Stick

It's voluntary. There is no "imminent domain" or forced selling going on here, it's happening on the free market. The free market has also provided a way for these homeowners to remain in their neighborhoods, but most are not choosing that path. They are either unaware that they have 30-40 years of tax money available to them in home equity, or they choose to go the victim route, and suck tax dollars from other taxpayers courtesy of the council.

well I personally wouldn’t exactly feel like a victim if I walked out the deal with an extra $700k ... albeit maybe I would recognize that’s still a relatively small piece of the pie in the grand scheme of things.

[Swizzle Stick]

Originally Posted by Need4Camaro

well I personally wouldn’t exactly feel like a victim if I walked out the deal with an extra $700k ... albeit maybe I would recognize that’s still a relatively small piece of the pie in the grand scheme of things.

Exactly. The person paying $700K for a POS house is the real victim here.

[ScoPro]

Originally Posted by CosmicAries

This project will be a mixed use development meaning it will have both residential and office. People can still work from home if needed. As far is traffic concern, Austin just recently passed a $7 Billion masterplan that will change it's infrastructure as we know it.

That $7 Billion transit plan won’t put a dent in Austin’s traffic problem, even after they eventually complete the later phases that will be proposed.
I would support it if it could be built efficiently in a cost effective manner without the usual kickback corruption. Riding the bullet trains in Japan (Not at rush hours) was really fun and impressive.

[ScoPro]

Originally Posted by Swizzle Stick

Exactly. The person paying $700K for a POS house is the real victim here.

My brother paid $700,000 for this really nice 3,200 sq/ft house on one acre in Georgetown...

[brock2010]

Originally Posted by ScoPro

My brother paid $700,000 for this really nice 3,200 sq/ft house on one acre in Georgetown...

Is Georgetown more affordable than Round Rock or are they about the same?

[Need4Camaro]

Originally Posted by brock2010

Is Georgetown more affordable than Round Rock or are they about the same?

On average I'd say slightly more affordable but they can both peak out at about the same prices.

[ashbeeigh]

Originally Posted by Swizzle Stick

Exactly. The person paying $700K for a POS house is the real victim here.

They aren’t paying for the house, they’re paying for the land.

[kemahkami]

Hmmm, this project sounds interesting. I'll be following it to see what comes of it.

[Swizzle Stick]

Originally Posted by ashbeeigh

They aren’t paying for the house, they’re paying for the land.