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Old 08-12-2015, 08:53 PM
 
657 posts, read 739,660 times
Reputation: 578

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Ok. Dont get so butt hurt when someone criticizes your city then

 
Old 08-12-2015, 10:44 PM
 
Location: The Lone Star State
8,030 posts, read 9,049,567 times
Reputation: 5050
I can speak from current experience that Austin is extremely overrated and overhyped.
However, I still don't think it's a "bubble." At least in most areas.
 
Old 08-12-2015, 10:50 PM
 
Location: Oregon, formerly Texas
10,065 posts, read 7,229,638 times
Reputation: 17146
Quote:
Originally Posted by theone33 View Post
So is Austin permanently ruined? Sorry but I really think the transplants, rich yuppy's and hipster types completely changed that city and not in a good way

No, but it's got the most overvalued real estate market of 2015. That is headed for a crash. Incidentally, Houston is #2 and San Antonio is in the top 10.

Circa 2006 it was all Florida, California, Nevada, Washington State that were overvalued.
 
Old 08-12-2015, 11:15 PM
 
Location: The Lone Star State
8,030 posts, read 9,049,567 times
Reputation: 5050
Quote:
Originally Posted by redguard57 View Post
No, but it [Austin] has got the most overvalued real estate market of 2015. That is headed for a crash. Incidentally, Houston is #2 and San Antonio is in the top 10.
I don't know about that. I suppose if one is concerned about that in Austin, they should buy east of 35, in the up-and-coming areas. I can concede that central, west of 35 probably has a few overvalued areas.
As to Houston, I think the only real overvalued areas are those dependent on oil/gas jobs: West Memorial (77079), Katy, and especially the far-flung west burbs like Cross Creek Ranch et al. Places with a more diverse job base like Woodlands and SugarLand will probably be fine, also Med Center and nice central like Museum District.
 
Old 08-13-2015, 12:33 AM
 
Location: Dallas
2,414 posts, read 3,484,744 times
Reputation: 4133
There's already a very similar thread discussing this topic in the the Austin Forum here:

//www.city-data.com/forum/austi...up-austin.html

This thread is now closed
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