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30 sats \ 3 replies \ @gmd 6 Jan \ on: Rents are falling in Austin econ
Building building building payed out for developers in Austin.
Are the developers and retail investors not losing money with the decrease in rental prices?
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192 sats \ 2 replies \ @zuspotirko OP 6 Jan
Imagine you were an ice cream seller. Would you rather sell one ice cream for 20ct profit or two ice creams for 2x15ct profit?
Now imagine in the rest of the country the government stepped in making it illegal to sell two ice creams.
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12 sats \ 1 reply \ @gmd 6 Jan
Sounds logical. Just sounds like a lot of development / real estate twitter is talking about negative returns in Austin real estate but they're probably levered up irresponsibly.
But probably that's the finance guys vs the guys doing the building
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33 sats \ 0 replies \ @nym 6 Jan
It’s been growing fast for the last few years.
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