Why the Austin American Statesman would print an article that uses old statistics is beyond me. Yet when I look at the statistics (mostly from 2012 and 2013) I can say yep, we did that, and it was very good. The article cites the Kaufmann Foundation (whatever that is) stating that Austin is business-friendly city and a great place to live (ya think that is why so many folks are moving here – duh). It goes on to state that in 2012 that the job growth rate was 3% (yep or better) and in 2012 the local economy expanded 6.3% (yep or more). The article stated further another good reason to live in the Austin area is that cost of living here was 3% lower than the national average, and the median price of a home is $199K. Well guess what folks, the median price of a home selling in today’s market is around $230K.
Just more reasons to own Austin Area rental properties. Income and appreciation equals profit!