Here is an interview with John Horton with the Austin Board of Realtors. John compares Austin's market to the rest of the nation. Thank the good Lord I am living here, NOW. Of course, I was wishing I was in Florida and California 5-10 years ago.
Real estate goes in cycles; life goes in cycles.
I chased the market in the 80's from Texas to California and chased it back to Texas in the early 90's, before realizing it is pretty silly to vacate your base, as it will all come back in time; but coming back to your base 10 years after the fact does not work easily. Thus, my advise is not to continually chase the market as you will look back and regret not figuring a means to keep going until the market rebounds.
You may not understand it now, but you will in 5 years........
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Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!
A very good alert....figuring out how to make a market work for one is the key to serious success.
Sep 01, 2010 08:34 AM
Austin Mortgage - Austin, TX
Brad Cullipher Austin Mortgage
Austin's market has definitely NOT been the norm for the nation. Then again, Austin's always been different...
Sep 02, 2010 09:24 AM
Realty Austin, Austin Texas Real Estate - Austin, TX
Broker,CLHMS,GRI
Great points and I actually made the same mistakes in the past without leaving town. I am just glad that though slow, we are still avoiding the catastrophic problems of other parts of the nation.
Sep 12, 2010 02:46 AM
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