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Thoughts on Fundrise?
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Thoughts on Fundrise?
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We had a pretty steep correction over the past few months but things definitely seemed to have stabilized. Realtor friends telling me builders have actually begun to raise prices again.
Tons of building here still in progress. It will slow down due to higher financing costs. Likely builders will switch to a more semi custom model to get a buyer before building the houses (meaning inventory will again dry up).
Neighborhood wise - it’s like any city. Focus on closer in, or good schools, easy commutes, nearby jobs. I.e don’t buy some random neighborhood in far east Austin.
This is great advice. Thank you. What’re your thoughts on tougher neighborhoods which are a great location like Riverside or Montopolis?
D1, what is the % of the steep correction vs the late 2021/early 2022 peak?
Thank you for sharing (boots on the ground confirmation via social media is awesome). Last week we confirmed 30% decline in San Francisco (city, not the whole Bay Area), closings before Christmas…. I was shocked.
The models I’ve been analyzing are projecting 35% decline in Austin by mid-2024.
Something really bad is brewing in housing (started on the West Coast moving to SW and to SE). The speed of price decline is much faster than in 2007-2010. We assume homebuilders have a playbook (lessons learned during GFC). The market for existing homes is frozen (NO sellers).