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Posted (edited)
1 hour ago, horn4life said:

With prices in that range the elementary school won't be there long anyhow.

Indeed. Ultimately lost home affordability is the problem that’s destroying AISD, along with everything else good about Austin. 
 

 

1 hour ago, horn4life said:

So... what do you guys think the final sale price will be? 

$3.50

Edited by Bozo_Casanova
Posted
41 minutes ago, Bozo_Casanova said:

Indeed. Ultimately lost home affordability is the problem that’s destroying AISD, along with everything else good about Austin. 

Funny thing is I came realy close to buying a house up behind Zilker back in 1999... 

Austin unfortunately is like any other cool place, not so cool people want to feel cool, and are willing to pay.  The wife and I nearly exclusively eat at local or locally created places here in town, and going to SoCo is how we still "feel" like we are part of Austin. Trying to keep the folks that actually made it cool in business.  Continental club and C-boys get a lot of our entertainment money, even though we are at like Oak Knoll and 183, because the music played there is still Austin at it's best. 

If they will sell me that place for list price, I promise I will support all the local businesses near my new Zilker house....  might even let the yard go to shit in honor of South Austin...

 

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Posted
On 11/4/2025 at 9:59 AM, Bozo_Casanova said:

Indeed. Ultimately lost home affordability is the problem that’s destroying AISD, along with everything else good about Austin. 

I had a good conversation with one of the leaders in the Austin Infill Coalition about this and there's plenty of interest on their side for building more affordable housing as long as they aren't sacrificing profit (and given this house in 78704, I think there's a good case to be made that higher value infill development is pretty risky at the moment).  

That said, I'm not sure how you put the genie back in the bottle otherwise.  There's good scholarship that suggest home values are more a product of income and asset inflation than tight supply.  

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Posted (edited)
8 minutes ago, LCHorn said:

I had a good conversation with one of the leaders in the Austin Infill Coalition about this and there's plenty of interest on their side for building more affordable housing as long as they aren't sacrificing profit (and given this house in 78704, I think there's a good case to be made that higher value infill development is pretty risky at the moment). 

I guess. Frankly I’ve can’t think of a supply imbalance in history that has ever corrected without meeting the top of the market first. The Austin MSA is correcting in large part because of all the “luxury condos” that came on the market around the same time rates went up. My point is that we don’t need to pay developers to take risks, but to simply allow them to meet the market. 
 

8 minutes ago, LCHorn said:

That said, I'm not sure how you put the genie back in the bottle otherwise.  There's good scholarship that suggest home values are more a product of income and asset inflation than tight supply.  

Indeed two of the three important drivers of affordability erosion are income inequality and two decades of essentially free credit combined with federal tax stimulus for top earners. But, we can’t address that at the municipal level. We can only address the third major contributor, which is restrictions on housing construction in centralish Austin. 

Edited by Bozo_Casanova
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