{"id":13068,"date":"2021-10-05T23:18:39","date_gmt":"2021-10-05T23:18:39","guid":{"rendered":"https:\/\/www.austinshortfilm.com\/blog\/austin-tx-crash-coming-leave-now\/"},"modified":"2021-10-05T23:18:39","modified_gmt":"2021-10-05T23:18:39","slug":"austin-tx-crash-coming-leave-now","status":"publish","type":"post","link":"https:\/\/www.austinshortfilm.com\/tech\/austin-tx-crash-coming-leave-now\/","title":{"rendered":"Austin TX CRASH Coming. Leave Now!"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/R2zI_5rOO-4\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>I am leaving Austin, TX. Right before the Housing Crash hits! Home Prices could decline by up to 50%. Learn why I&#8217;m leaving the city and why Austin&#8217;s Housing Market is in one of the biggest bubbles in US History.<\/p>\n<p>I moved to Austin 15 months ago &#8211; along with others like Joe Rogan and Elon Musk. I bought the hype of Austin as a growing tech city with a fun nightlife and booming real estate market. But over the last year I&#8217;ve learned that Austin as a city &#8211; and Housing Market &#8211; holds the title as most overrated in the United States.<\/p>\n<p>Home prices across the Austin metro are &#8211; according to Zillow &#8211; have increased by a massive 45% over the last year. This is compared to typical appreciation rates of 3-4% in most years.<\/p>\n<p>This sudden burst of appreciation has made Austin &#8211; a once affordable city &#8211; now extremely expensive. Home down payments, property taxes, and rental rates are all skyrocketing, while local income and wages are stagnating. This is a potentially disastrous recipe that could result in a massive Housing Crash.<\/p>\n<p>Austin is now more expensive than Boston when comparing local home prices to wages. Think about that for a second. Boston is a city with huge career opportunities, networking, and limited new home building. Austin, on the other hand &#8211; has very limited career growth outside of tech and builds more new homes than anywhere else in America.<\/p>\n<p>Austin&#8217;s recent home price growth is the 3rd highest in recent US History according to Zillow, behind only Boise in 2021 and Phoenix in 2005. Most other cities that experienced similar levels of single-year home price growth had an epic housing crash on the order of 50-60%.<\/p>\n<p>The lack of affordability in Austin, as well as the lack of growth prospects and networking opportunities, has caused me to leave the city. Over the next three weeks I will be packing up my things and starting the next chapter of my life in Dallas, TX. <\/p>\n<p>Thank you to everyone for the support to date on this channel! I am looking forward to hitting 100,000 subscribers! Make sure to like the video!<\/p>\n<p>&#8212;<\/p>\n<p>Become a Channel Member: https:\/\/www.youtube.com\/channel\/UCVTQunGrE3p7Oq8Owao5y_Q\/join<\/p>\n<p>Reventure Website: https:\/\/reventureconsulting.com\/<br \/>\nContact Us: https:\/\/reventureconsulting.com\/contacts\/<br \/>\nInstagram: https:\/\/www.instagram.com\/reventure_consulting\/<\/p>\n<p>DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting&#8217;s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. <\/p>\n<p>0:00 Why I&#8217;m Leaving Austin TX!<br \/>\n1:25 45% Increase in Home Prices<br \/>\n3:16 Austin v. Boston: Which is More Expensive?<br \/>\n4:51 2011-19: I lived in Boston!<br \/>\n6:22 The Next Silicon Valley? Don&#8217;t Think So.<br \/>\n7:32 Remote Work: Not What You Think!<br \/>\n8:52 Austin is a Stepping Stone<br \/>\n10:01 RECORD SETTING Home Price Growth<br \/>\n11:35 30-40% Price Downside<br \/>\n12:47 Moving to Austin? READ THIS!<br \/>\n13:28 Where Am I Moving NEXT?<br \/>\n15:13 100k Subscribers! Almost There!<\/p>\n<p>#Austin #MovingtoAustin #HousingCrash<\/p>\n<h3>More info on Austin TX CRASH Coming. Leave Now!<\/h3>\n<div class=\"ss-local-rss\"><div class=\"rss_header\"><h2><a href=\"https:\/\/cn.bing.com\/news\/search\/?q=Austin+TX+CRASH+Coming.+Leave+Now%21&amp;qft=sortbydate%3D%221%22&amp;format=rss\" rel=\"nofollow\" class=\"rss_title\">Austin TX CRASH Coming. Leave Now! - BingNews<\/a><br \/><span class=\"rss_description\"> Search results<\/span><\/h2><\/div><ul>\n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=664cabe850bd4ff0b11babc8633991bc&amp;url=https%3A%2F%2Fmissoulian.com%2Fnews%2Fstate-and-regional%2F1923-taylor-sheridan-butte-montana-austin-texas%2Farticle_2333122b-cbde-5cc7-9e61-bc968b34ba13.html&amp;c=7095834759820957027&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\t'1923' filming moves from Butte to Texas\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>But Season 2 production is moving to Austin ... about \u20181923\u2019 coming back to Butte because of the positive experience they had here, but state tax incentive programs were a major factor for the ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=664cabe850bd4ff0b11babc8633991bc&amp;url=https%3A%2F%2Fwww.kiiitv.com%2Farticle%2Fnews%2Flocal%2Fairline-car-accident-takes-two-lives%2F503-c546a093-e351-4fa0-9a4d-28225ad4ff9f&amp;c=17658688793229078617&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tCCPD: Drunk driver on Airline Road kills motorcyclist, passenger\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>The 32-year-old male operator's motorcycle was in the roadway, and he was deceased at the scene. The motorcyclist's passenger, a 30-year-old female, was transported to a local hospital with life ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=664cabe850bd4ff0b11babc8633991bc&amp;url=https%3A%2F%2Fkfor.com%2Fnews%2Flocal%2Fomrf-scientists-looking-into-if-bad-diet-connects-to-vision-loss%2F&amp;c=14345855478931476374&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tOMRF scientists researching if bad diet connects to vision loss\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Two scientists at the Oklahoma Medical Research Foundation, or OMRF, are zoning in on one area that can play a part and that\u2019s the food you eat. It\u2019s no secret that vision loss is a part of aging, but ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=664cabe850bd4ff0b11babc8633991bc&amp;url=https%3A%2F%2Fwww.fox7austin.com%2Fnews%2Ftexas-weather-downed-tree-pokes-two-holes-in-roof-of-southwest-austin-home&amp;c=10837888144574561904&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tTexas weather: Downed tree pokes holes in roof of Austin home\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Heavy rain and strong winds caused flooding and power outages throughout central Texas overnight, and some homeowners are dealing with serious damages.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=664cabe850bd4ff0b11babc8633991bc&amp;url=https%3A%2F%2Fwww.kvue.com%2Farticle%2Ftraffic%2Fi35-downtown-austin-crash-semi-truck%2F269-6c0115a8-4916-4c50-b990-fe0c61dc6bef&amp;c=18291779353667627169&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tFirst responders on scene of 'major collision' involving semi-truck on I-35 near Downtown Austin\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>AUSTIN, Texas \u2014 First responders are on the scene of a \"major collision ... are responding to the multi-vehicle crash on South I-35 northbound. ATCEMS reports 13 people involved in the crash, ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=664cabe850bd4ff0b11babc8633991bc&amp;url=https%3A%2F%2Fkfor.com%2Fnews%2Flocal%2Fok-farmers-ranchers-can-now-apply-for-disaster-assistance-after-recent-tornadoes%2F&amp;c=14416994946794272143&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tOK farmers, ranchers can now apply for disaster assistance after recent tornadoes\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Recent tornadoes have wreaked havoc in several areas across the state and many have experienced losses including Oklahoma\u2019s farmers and ranchers.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=664cabe850bd4ff0b11babc8633991bc&amp;url=https%3A%2F%2Fca.news.yahoo.com%2Fdashcam-massive-crash-texas-intersection-044224963.html&amp;c=10198452081993127645&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tDashcam: Massive crash at Texas intersection after driver suffers stroke\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Dashcam footage captured the moment a woman crashed at high speed into a vehicle at an intersection in Midland, Texas on April 29 after she suffered a stroke. She was the only one injured in the crash ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=664cabe850bd4ff0b11babc8633991bc&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2F3-stocks-shelter-coming-market-180000035.html&amp;c=17709346501074928017&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\t3 Stocks to Give You Shelter From the Coming Market Crash\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Its FCF payout ratio is 75% but that\u2019s right within management\u2019s target range of around 80%. With the payout yielding 8.9% annually, Altria stock is a safe haven in the event of a market crash.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=664cabe850bd4ff0b11babc8633991bc&amp;url=https%3A%2F%2Fwww.kcbd.com%2F2024%2F05%2F06%2F2-injured-sunday-evening-crash-erskine-texas-tech-pkwy%2F&amp;c=10138490665285338983&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\t2 injured in Sunday evening crash at Erskine &amp; Texas Tech Pkwy\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>LUBBOCK, Texas (KCBD) - Two people have been injured in a Sunday evening rollover at Erskine Street and Texas Tech Parkway.. Police tell us one person suffered serious injuries and another has ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=664cabe850bd4ff0b11babc8633991bc&amp;url=https%3A%2F%2Fwww.bizjournals.com%2Fsanantonio%2Fnews%2F2024%2F05%2F06%2Ftexas-restaurants-new-uncertainty.html&amp;c=15299775327677026268&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tAfter the crash: Texas restaurants face new uncertainty\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Texas Restaurant Industry CEO: Some things have changed forever in the aftermath of the pandemic. It\u2019s been four years since Texas\u2019 restaurant industry was nearly leveled by the outbreak of ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            <\/ul> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>I am leaving Austin, TX. Right before the Housing Crash hits! Home Prices could decline by up to 50%. Learn why I&#8217;m leaving the city and why Austin&#8217;s Housing Market is in one of the biggest bubbles in US History. I moved to Austin 15 months ago &#8211; along with others like Joe Rogan and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[9],"tags":[],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/www.austinshortfilm.com\/wp-content\/uploads\/2021\/10\/R2zI_5rOO-4.jpg","_links":{"self":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts\/13068"}],"collection":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/comments?post=13068"}],"version-history":[{"count":0,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts\/13068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/media\/13069"}],"wp:attachment":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/media?parent=13068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/categories?post=13068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/tags?post=13068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}