Currently living in San Diego. Thinking of moving to Austin, TX in Jan 2022 and house hacking a duplex. Only concern is that the Austin market has run up too much and I’ll be buying near the top. Thoughts?

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What makes you want to move to Austin? Market has definitely been on a steep upward climb, and there aren’t a lot of duplexes (the few that do pop up are often competitive). It all sounds good on paper until you get into a bidding war.

What are you looking for as far as feedback? Can it work… sure. Will it work… depends on the deal. Is it a good investment… again, depends on the deal details.

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I’ve got 5 properties in austin. I don’t see it crashing (biased), but I definitely see it slowing down

Tailwinds: Tesla, Samsung, Apple, oracle investments
Headwinds: traffic, already incredibly inflated, surrounding neighborhoods are filling up

Duplex wise it’ll be tough for some of the cooler locations. There are some slightly cheaper duplex friendly areas in north austin

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Duplex isn’t really a thing in Austin. Starting to get some more A and B type properties but often brand new and pricey.

Long term - Austin is only up.

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I don’t see Austin crashing although there is chatter about it cooling due to abortion laws in Texas slowing migration. Should be low risk on asset value decreasing though.

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If inventory in Austin is only a month or two like in many hot markets, you're nowhere near the top. When there are 8 months of inventory available and asking prices are more than 18 to 21 times annual rents you'll know you're there.

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For those of you familiar with the Austin market, where do you see it going long term?

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