Austin, Texas housing market collapsing. Mexicans saying no work, houses not selling.

Mexican customers on the street talk | 10-20-25 | Mene Mene Tekel Upharsin

[MeneMeneTekelUpharsin]

Where I work in Austin, I deal with a LOT of Hispanic customers, primarily Mexicans. They have been telling me for some time that there is almost no construction work available. Today, two in a very short space of time said they have no work.

Furthermore lemons, avocados, poblano peppers or other produce into the U.S. due to tariffs and are unloading tons of it on the side of rural highways for the locals to pick up for free. We are about to see major economic problems as the Trump Administration attempts to fix YEARS of problems caused by Godless Democrats.

[Svartalfiar]

The 2 groups that get hit are those who already have houses

Actually I'd be plenty happy if prices crashed 90%. If I lose $100 grand selling the house, I'd be very happy!

[Svartalfiar]

Cities love this because they can adjust the value of your house to make you pay more tax. I know several people renting that their rent just keeps going up and up IN MEMPHIS.

Every State should add laws that cap your home value for tax purposes at your purchase price / assessment at that point. The only way the city/county/ISD should be able to raise your taxes is by passing a tax increase. Otherwise, they should be able to survive on the income level they know they have.

Of course, I'm not a fan of property taxes, but I don't know how else local governments can raise revenue. Maybe 100% on the our homestead, but everything else gets taxed!

[glaseatr]

Correct. I saw the house in California I bought in 1998 for 200k to go 640K before the collapse in 2008. That dropped it to 280K. I sold it this April for 720K.