Compared to when I got here Austin feels like its a lot less lively. The tech recession hits hard. When you dont have girl bosses in the pool working remote and making six figures in fake money to pump your bags the reality sets in. I think this even more than supply coming online affects pricing.

cascdr

econ

Rents are falling in Austin

zuspotirko

Wild. It never occurred to me that was even possible. I figured rents would just freeze, but never decrease.

Is it as simple as the landlords now competing for renters to not have vacant units?

edit: this is never happening where I live for the foreseeable future. Even if things radically changed it would probably take a decade or two for supply to catch up 