[thegagline]

In 2016 I purchased a home in Austin for just under 700k. Comparable homes in my neighborhood, Travis Heights, are selling for over $1,400,000. The market is on fire here and in neighboring New Braunfels, Fredericksburg, and Georgetown.

[mtbrandon49]

We are headed for a bust that’s going to make the 2008 crash look like a speed bump. Between overvaluation due to no inventory, interest free money being loaned out, and rising inflation something has to give.

Building material cost has already started slowing new construction residential side down in my locality already. Talked to a contractor here last week that said he priced a 2300SF house for someone a month ago and the materials for the same house had increased $25000 over that period.

[rktman]

Ours has seen a big jump. Butt. If we sold it there’s virtually no place in town to buy since they are all $500K+ houses that are really $200k houses. You know what I mean. And they are throwing them up like no tomorrow.