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Property Pricing in your area - gone up or down?
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The housing costs in Austin are out of control. There is only enough affordable housing for 1 in 4 low-income people. Even people who make lower-middle class salaries struggle to find affordable housing in decent neighborhoods, and those who are middle class (not upper-middle class) struggle to afford a house. People from California and other states are coming in making $80,000+ salaries in the IT industry and are driving the rent and home prices up. The east side of Austin was historically a predominantly black area, but is now being gentrified driving the home values up. People can no longer afford their property taxes. The percentage of black people in Austin has dropped two percentage points in recent years as blacks move to the suburbs.
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Property Pricing in your area - gone up or down? - by sanantone - 06-12-2016, 08:22 PM

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