Austin house price is going down. Covid bubble is deflating.
Where are the doomers saying home prices will crash due to higher mortgage rates? The national average is still up. SF is down.
I just saw a thing where The Villages is the STD capital of the US. The old people there are getting busy like crazy. There’s a whole code for what color loofa they hang on their golf cart for what sexual stuff they are into.
Apparently CA crime is lower according to the Governor. 
My guess is people don’t report it anymore.
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It’s all coming to a head, and even the people who usually vote liberal are getting mad. That’s without them even realizing the full extent of the situation. They’re only getting the heavily censored mainstream version. Imagine how pissed they’d be if they were fully informed.
He’s a master politician. He can do U turns on his own policies while never admitting that he himself was responsible for supporting and bringing those policies in, and finding somebody/something else to blame the bad results on. Anybody who believes that he has no idea @$380 comment is delusional. He is angling for his next job as a President, where knows he can’t just say the BS that he spouts in CA, so he is changing his positions for the national audience.
If I was a hiring manager and he was looking for a job, I would probably hire him for a sales position, but nothing beyond that.
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Markets with biggest yearly decline in apartment rent are dominated by Florida and Texas. Austin at number 7.
Vacancy rate soared to almost 10% in Austin. Rent is back to 2021 level.
Austin is a Covid phenomenon now unwinding.
That or they actually build more supply which helps reduce prices.
https://austin.culturemap.com/news/real-estate/austin-apartments/
Their population is growing.
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The flip side of supply constraints which drive up rents is the inevitable push for rent control. Many landlords end up never benefiting from the booms.
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Boomer death clock. Up to 6000 dying every year. 28 million gone already. That’s a lot if inheritance money being pumped into the economy. Probably exaggerating the wealth gap. The greatest and the silent generation are nearly gone.
This huge transfer of wealth should drive up prices of stocks and homes
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Isn’t the money already in stocks and homes?
Probably some but not all of it. Besides inherited money is basically free money that will be spent more by the people inheriting it than the people that earned it. Plus younger people tend to take more risk. A lot of boomer money is in bonds, money markets and gold… That money will be transferred into riskier investments. Who knows maybe gen y/z will blow it all on experiences…lol
I’d say invest in nursing homes and assisted care facilities if that’s what will suck up all the wealth but folks who bought and held MPW these last few years took a bath.
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RE is an interest play currently. But if rates do drop any REIT. Will do well…
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