My strong opinion is don't subsidize affordable housing at all. It's just a buzzword and only helps a few while taking from others. The solution to me is to reduce regulations to make it as easy as possible to build, while still maintaining all safety codes, and start as many new projects as possible. Oversupply is the only way to bring down not just home prices, but land prices as well, and more indirectly the cost of living. We still have time to learn from California's mistakes.
@@verderriscursey while this is a bit off topic, I generally agree with you. Every system that we put in place should be one that benefits everybody equally.
Outside of this, I don't know if I'll be alive for this but the day they finally build a high speed train in the Texas triangle is the day Texas will fully thrive. It won't be a matter of not finding a good paying job or entertainment. It'll be what city is the most afforable and travel to the rest for things you want to do.
I am a former Austinite who now lives in China. I love Austin, but as a teacher with two kids, it’s difficult to make ends meet there. One thing pretty much every other country in the world has figured out, that the US has not, is the importance of good transit. If someone can eliminate the need to own a car, or a family can get by with owning one car, it saves people so much money. However, transit shouldn’t be paid for by property taxes, it should be paid for by cars. A $5 toll on 35 and MoPac would pay for all transit needs in a hurry. The fee would also encourage people to take transit. Not to mention the environmental benefits, health benefits (people having to walk to buses/trains) increases their daily activity, etc. Again, I’ve lived in Mexico, Germany, France, and China. All of them have figured this out. America is just too stubborn and the automobile and oil lobbies have too much power.
Austin is heading down that tax spiral services path of failure. It isn't letting the market drive itself and instead are pushing massive government projects, taxing more of everything, etc. Those taxes won't ever go away or down, just incrementally keep increasing.
I’ve talked about it in several videos. It has to do with the cities red tape and restrictions. They want money from the developers. I can bring someone on in the future.
It would be good if new development in the way of new residential did cost more to build, it might actually give the poor resale market a chance to move. Right now builders seem to be discounting the new builds and driving the poor resale market into bankruptcy.
@verderiscursey agreed, its like the sky is the limit, and hey when the City or County needs more money, just raise he property taxes, even if homes have flat lined or crashed.
In your video you mentioned about price being higher due to taxes, but realty is home prices are expensive by developer and how many people can afford $600k for 2500sqft home... Unless price goes down, growth is muted
Prices haven’t had a huge decrease this year. In fact I’m looking at the numbers and they are flat. There is only so far down before they just rent. We’ll see
$9000 for every living, breathing human in the city limits for a train that a couple thousand people will use each day is absurd. It will do nothing for 'mobility' as it will only create further traffic tie ups wherever it crosses a road and most people using it don't have a car anyway. People are paving a road straight to hell with their 'good intentions'. There's a guy with a Boring company just outside of town. How about you talk to that guy if you want to spend $9bn and he can put it all underground. I bet he would give you a very good deal. At least then the 99% of people who have no intention of using the light rail won't be further burdened by rail crossings, lost parking and narrower roads. It's no shock that people who designed a system with gigantic busses with a driver and 2 passengers would come up with such an ill thought out light rail system. People in charge need to stop acting like it's 1910 and instead utilize the technology we have to solve the traffic issues and getting around the city. It's not that difficult but it does require a brain and a genuine desire to solve a problem and not waste resources.
My strong opinion is don't subsidize affordable housing at all. It's just a buzzword and only helps a few while taking from others. The solution to me is to reduce regulations to make it as easy as possible to build, while still maintaining all safety codes, and start as many new projects as possible. Oversupply is the only way to bring down not just home prices, but land prices as well, and more indirectly the cost of living. We still have time to learn from California's mistakes.
I actually agree. My biggest issue is they don’t define “affordable.” What I deem affordable is being able to buy a home. Theirs is “renting”
Ok, well cancel all corporate subsidies, oil, gas, israel,nasa, war contracts. Either dont show favoritism or spread the subsidies around equally!!!
@@verderriscursey while this is a bit off topic, I generally agree with you. Every system that we put in place should be one that benefits everybody equally.
So, Ukraine then too.
@JeremyAKnight absolutely!
Outside of this, I don't know if I'll be alive for this but the day they finally build a high speed train in the Texas triangle is the day Texas will fully thrive. It won't be a matter of not finding a good paying job or entertainment. It'll be what city is the most afforable and travel to the rest for things you want to do.
So true. Who knows if any of us will.
Homes are way too expensive. I feel bad for the working class people.
It’s rough.
I am a former Austinite who now lives in China. I love Austin, but as a teacher with two kids, it’s difficult to make ends meet there. One thing pretty much every other country in the world has figured out, that the US has not, is the importance of good transit. If someone can eliminate the need to own a car, or a family can get by with owning one car, it saves people so much money. However, transit shouldn’t be paid for by property taxes, it should be paid for by cars. A $5 toll on 35 and MoPac would pay for all transit needs in a hurry. The fee would also encourage people to take transit. Not to mention the environmental benefits, health benefits (people having to walk to buses/trains) increases their daily activity, etc. Again, I’ve lived in Mexico, Germany, France, and China. All of them have figured this out. America is just too stubborn and the automobile and oil lobbies have too much power.
Austin is heading down that tax spiral services path of failure. It isn't letting the market drive itself and instead are pushing massive government projects, taxing more of everything, etc. Those taxes won't ever go away or down, just incrementally keep increasing.
Unfortunately you are right.
Can you do a video why construction and development takes so long in the Austin area.
I’ve talked about it in several videos. It has to do with the cities red tape and restrictions. They want money from the developers. I can bring someone on in the future.
It would be good if new development in the way of new residential did cost more to build, it might actually give the poor resale market a chance to move. Right now builders seem to be discounting the new builds and driving the poor resale market into bankruptcy.
I’m having success with resale.
Spending $20million on that is crazy😂. No wonder austin is overpriced.
Fair.
@verderiscursey agreed, its like the sky is the limit, and hey when the City or County needs more money, just raise he property taxes, even if homes have flat lined or crashed.
@ yup!
I went downtown on sunday for brunch..... ghost town.
Really? I do down a lot an its usually busy.
@JeremyAKnight yea i was on 5th street. It was crazy quiet at noon.
@@ehren5347 interesting. I like to go to South Congress area!
Got a land in Lago. Already getting 100k offers. Rare multi family
Cool
I would rather see a good brt line than a shit light rail, like just build a stand alone route for busses from the airport to the existing red line.
In your video you mentioned about price being higher due to taxes, but realty is home prices are expensive by developer and how many people can afford $600k for 2500sqft home... Unless price goes down, growth is muted
Prices haven’t had a huge decrease this year. In fact I’m looking at the numbers and they are flat. There is only so far down before they just rent. We’ll see
$9000 for every living, breathing human in the city limits for a train that a couple thousand people will use each day is absurd. It will do nothing for 'mobility' as it will only create further traffic tie ups wherever it crosses a road and most people using it don't have a car anyway. People are paving a road straight to hell with their 'good intentions'. There's a guy with a Boring company just outside of town. How about you talk to that guy if you want to spend $9bn and he can put it all underground. I bet he would give you a very good deal. At least then the 99% of people who have no intention of using the light rail won't be further burdened by rail crossings, lost parking and narrower roads. It's no shock that people who designed a system with gigantic busses with a driver and 2 passengers would come up with such an ill thought out light rail system. People in charge need to stop acting like it's 1910 and instead utilize the technology we have to solve the traffic issues and getting around the city. It's not that difficult but it does require a brain and a genuine desire to solve a problem and not waste resources.
I’ve constantly complained about the train that will never come.
Austin is dead, people leaving. Empty town
😂 wait until you see the housing numbers in next weeks video.
The future looks bright in Austin Metro real estate! I like buying things on sale too.
@ me too