Everywhere you turn you see another market reporting record losses from stocks to residential equity in homes. Only Austin seems to be chugging right along. Not to say that things have been unaffected, 30% less people qualify these days since the sub-market slow down. Things seem to be going back to the way I remember when I was growing up with mostly FHA. That's not so bad, with Affordable Housing Programs, sub-prime just take more effort and paperwork.
I wan't to know what the average consumer is WILLING to pay. What do you think they would pay for an average 700 sq. ft. 1 bedroom place near Downtown? You can see what I thought of at Commercial Property News.
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