Nick Gerli on Bitcoin…, the Bitcoin price is collapsing
89k
It Was just at 93k$
The Austin, TX rental market is collapsing before our eyes.
With the median apartment rent dropping 15% over the last 2+ years.
The vacancies have skyrocketed. Rental concessions are everywhere.
Rents are now only 9.8% higher than pre-pandemic. Meaning that many Austin landlords are losing money, as property taxes, insurance, and interest costs are way higher.
(This is a harsh lesson on the boom/bust cycle in real estate for many developers and investors who bought into Austin during the boom. Read more below to see how this happened.)
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