Re:Austin's Surge of New Housing Construction Drove Down Rents
by keyboard_slap on Thursday March 19, 2026 @01:17PM
(#47442711)
Texas' high property taxes play an important role. Owners are incentivized to permit new development to satisfy demand and keep their taxes low.
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Re:Austin's Surge of New Housing Construction Drove Down Rents
by dkarl on Thursday March 19, 2026 @06:21PM
(#47447161)
People see lower property taxes as a silver lining for short-term swings in the market, but I don't know anybody who thinks this is a short-term swing that they can ride out.
Nobody is happy about their property values going down long term. It exposes them to the risk of a big loss if they're forced to sell because of events in their life.