😮😮My 86 yr MIL just got notice that old roofs will be depreciated when damaged after 09/2024. However, her 20 year old roof was destroyed in May 2024 tornado. That $29,000 roof was fully covered. It was hard, but she was lucky to have it fully covered.
In Austin, I saw in the news that the city approved higher tax rates and people can vote for another increase for AISD. If both things happen, taxes go up significantly. If insurance also go up -> more homes on the market because at one point home owners may have to sell.
@@JeremyAKnight That is an interesting point. Are you talking about the people who are living in apartments? Right now, my old apartment has for some apartment types like 1 bedroom very similar price levels to 2019/20. As a landlord, that is wild because costs went up a lot, but raising rents when renewals come up is not a working solution. The landlord does not lower the rent in my current apartment. As a result, most people stay only a year and then move to a new apartment because it saves thousands of dollars. Many apartments now offer one or two months of free rent, and vacancies are going up. If this trend continues, I assume we may see many landlords go out of business, especially those with new and more luxurious buildings a bit farther away from Austin (e.g., Leander).
@@stefanforest7582 possibly, yet many of these landlords are smart and can you those losses to offset taxes. So, while it’s cheaper for you to move out. I can use that loss where I have gains somewhere else. Larger scale apartments factor this in. The reluctant landlord is in a different position.
😮😮My 86 yr MIL just got notice that old roofs will be depreciated when damaged after 09/2024. However, her 20 year old roof was destroyed in May 2024 tornado. That $29,000 roof was fully covered. It was hard, but she was lucky to have it fully covered.
In Austin, I saw in the news that the city approved higher tax rates and people can vote for another increase for AISD.
If both things happen, taxes go up significantly.
If insurance also go up -> more homes on the market because at one point home owners may have to sell.
And people who don’t pay the taxes will vote for it…
@@JeremyAKnight That is an interesting point. Are you talking about the people who are living in apartments?
Right now, my old apartment has for some apartment types like 1 bedroom very similar price levels to 2019/20.
As a landlord, that is wild because costs went up a lot, but raising rents when renewals come up is not a working solution.
The landlord does not lower the rent in my current apartment. As a result, most people stay only a year and then move to a new apartment because it saves thousands of dollars.
Many apartments now offer one or two months of free rent, and vacancies are going up.
If this trend continues, I assume we may see many landlords go out of business, especially those with new and more luxurious buildings a bit farther away from Austin (e.g., Leander).
@@stefanforest7582 possibly, yet many of these landlords are smart and can you those losses to offset taxes. So, while it’s cheaper for you to move out. I can use that loss where I have gains somewhere else.
Larger scale apartments factor this in. The reluctant landlord is in a different position.
One of your best videos. Appreciate the info!
Thank you!
Question: what percentage of homes, every year, are declared complete losses?
Man, just got our 52% increase for coverage this week :-(.
Great video!
Great, my insurance company offers 1% for 3k .. unbelievable
Paul is our GO TOO guy!!
Yeah he is!
Can you post Paul’s info again? I’m not seeing it😊 thank you!
Updated. Thank you for pointing that out!
512-541-0970
Jeremy's advice, use a professional when you need professional work done.
🤘🤘🤘 Migos is coming back soon!
@@JeremyAKnight No... don't give me hope.
ua-cam.com/video/zLrKJ1JTXvc/v-deo.html