ABANDONED New Home Community in AUSTIN

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ABANDONED New Home Community in AUSTIN
Check out Melody Wright Here:
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For correspondence please email me at: Travis@RealEstateMindset.Org
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0:00 - Intro Austin, Texas
1:49 - Existing Homes in Austin
2:53 - Short Term Rentals in Austin
3:24 - Pocket Listing in Austin
3:54 - Interview with Local Austin Resident Part 1
6:49 - TESLA Layoffs
7:39 - Interview with Local Austin Resident Part 2
10:14 - Has Austin Lost It's Weird?
11:31 - Will You Stay In Austin?
11:58 - New Homes In Austin
12:53 - Abandoned New Home Community in Austin, Texas
16:11 - Dazed and Confused
16:37 - New Austin
17:49 - Luxury Rentals and Commercial Real Estate In Austin
18:49 - Demographics in Austin
19:49 - Trip Wrap Up
20:05 - Better to Buy or Rent in Austin?
23:17 - What Happens Next in Austin?
25:55 - A reading from Melody Wright
#mortgagerates #austin #housingmarketupdate
Mailing Address:
2261 Northpark Drive #2118
Kingwood, TX 77339
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset's RU-vid 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, RU-vid, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.

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26 июн 2024

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Комментарии : 609

@edgarvelasco7130 2 месяца назад

This is what reporters used to do - REPORT! Great reporting piece Melody, Austin, and Travis, thank you.

@m3_melody 2 месяца назад

Thank you so much. The kind words mean a lot to us. Putting our heart and soul out there.

@JeremyAKnight 2 месяца назад

It's exactly what they do, give you half truths to spin a narrative. The neighborhood they talked about, they didn't even bother to get the information as to why it was abandoned. That developer was defrauding its investors.

@rogerbec5766 2 месяца назад

You're right. This is where we get our real news. I gave up on the big networks years ago.

@MostlyPeacfulRiots Месяц назад

@JeremyAKnight lmao your not even fucking from here, have your own youtube channel and are a agent. Your the exact type of hypocritical piece of shit I was talking about in the interview that has pushed native Austinites out.

@risingphoenix1484 2 месяца назад

That abandon new build area gives me 2006/07 vibes.. watch out next year.

@CyndiOyea 2 месяца назад

Just like Vegas 😢

@robertmcanarney7589 Месяц назад

My thoughts exactly.

@-OBELUS- 2 месяца назад

High taxes, high crime, high rents (that businesses can't afford) is killing Austin.

@mr.foxwiz1653 2 месяца назад

Sounds like California. Oopsie

@avonti001 2 месяца назад

Side effects of growth!!

@-OBELUS- 2 месяца назад

@@avonti001 Yes, these side effects happen if you add Democrats into the mix. Our conservative county is growing like mad because people are escaping the leftist hell hole that is Houston but it's still peaceful and low crime here because our judges and prosecutors put criminals in jail and keep them there.

@jeffersonblackmon 2 месяца назад

The crazy thing is they moved from Cali and NY to Texas and now they are trying to turn Austin into Cali and NY.

@jermon983 2 месяца назад

Exactly, instead of staying in their states and fixing. Their problems they created.

@paulconner4614 2 месяца назад

How are they trying to turn Austin in California. Austin is a little liberal enclave with it's own little vibe. During COVID a bunch of Conservatives from California packed up and moved there follow people like Elon Musk who only moved to Texas so he could sell some Tesla stock and not pay state tax. So caused a huge building boom just like ones Houston and the DFW area have had for twenty years. But where is the supposedly making Austin more like Cali other than because so many conservatives move out of California they fucked up Austin's prices.

@jabreck1934 2 месяца назад

The crazy thing is, Abbott is allowing developers to destroy productive farmland the fastest in the country for globalist industries and homes,….. and he WILL be reelected!!! You voted for it, you deserve it!!!🤣🤡👍

@user-uo4rf4ez8c 2 месяца назад

@@88gcllc Austin is the sister city of San Diego, what the heck did anyone expect it to turn out to be?

@beatriz38 2 месяца назад

Who is "they"?

@OffGridColoradoLiving Месяц назад

We were in Austin 18 years and bailed out at the right time in 2020. Austin has lost it's marbles.

@bw4611 7 дней назад

Nope, should have waited two more years. Would have doubled your money.

@sarashann Месяц назад

This long-time Austinite is THRILLED to see things grinding to a halt and cooling off. We need more people to leave. Don't move to Austin! We're friendly, but we've had it with all the growth. It's killing the city's fantastic vibe.

@1ireneaustin Месяц назад

If you want 20k a year tax bills come 😢on down. If you want 750 electric bills in the summer come on down If you want home insurance premiums at 5k a year come om down If you want 3 months of 100 degree weather you will love it. Im 5th generation Texan and im out of here.....had enough. The regulation on business ...the migrants not here legally...

@1995texasaggie 29 дней назад

I sold a piece of land in East Austin since the property taxes rose to $38k/year.

@1ireneaustin 29 дней назад

@@1995texasaggie good luck to you. Texas basically had no federal government until the 80s.i will be back after we throw those BSTRDS out. We bought a place in a town with 1200 people in the rockies. Were bugging out

@1995texasaggie 29 дней назад

@@1ireneaustin With talk of tearing down the upper deck of I-35, I think you've made a great decision. Austin was a pretty cool place until the end of the 80s. Rock on n/

@virginiaconway374 29 дней назад

Blame the city fathers. They raise taxes on residents and give tax money incentives to big box stores, causing private businesses to close.

@genemounce8302 2 месяца назад

53yo Native Texan here. Born in Texas City, Raised from the age of 6 in and around Austin. Six years ago I'd had enough and moved an hour N. to Bertram. Up until 6 yrs ago, I was proud to say I was from the ATX. 100% NOT anymore. You can almost smell the greed in the air downtown, but you cant due to the smell of piss and bums. Thanks for the memories but I'll stick to my clear skies, quiet streets and zero crime. Cool video though.

@skyfinancellc9538 2 месяца назад

Indeed the *greed* in Austin is unbelievable.

@shaundonovan2193 2 месяца назад

Real talk

@OffGridColoradoLiving Месяц назад

We were there 18 years. So glad we got out of that blue hive.

@joshflanders9535 Месяц назад

Very true sadly San Antonio is like that as well

@theblondeone8426 25 дней назад

yes - native dallas person here totally agree. can literally smell the greed as the new paint dries.

@RK-hv2dh 2 месяца назад

If you are wondering, this abandoned community is SOUTHSTONE CONDOMINIUMS in Austin 78745

@rwdplz1 2 месяца назад

As soon as Tesla announced they were moving to Austin, the property value doubled.

@fgjf1079 2 месяца назад

And now that they’re not…

@ErickaWilliamsCC 2 месяца назад

Doubled before that

@dontmakemegothere7904 Месяц назад

The people who work at Tesla can’t buy a house in Austin, so that makes no sense.

@martinezstephen 2 месяца назад

Austinte here, everything said in this video is 100% correct. Prices were appreciating double digit %'s before Covid, then everything just skyrocketed. Great video y'all!

@Mike4444x 2 месяца назад

But now it’s a dumpster fire.

@diesel104 2 месяца назад

Same thing has happened in Florida.

@misfitcichlids2140 2 месяца назад

😮😮😮😅😅

@m3_melody 2 месяца назад

Thank you so much for the confirmation and local intel. And, thank you for the kind words.

@avonti001 2 месяца назад

Now people are realizing that it’s a furnace so moving back.

@katlyn2781 2 месяца назад

Boots on the ground, showing the real America. Keep up the great work!

@realestatemindset 2 месяца назад

Thank you!

@user-ro2pw7oi8g 2 месяца назад

Great work Travis and Melody!! 👍👍👍

@JeremyAKnight 2 месяца назад

except they didn't even get good information. They could've easily googled that neighborhood to figure out why it was abandoned.

@MaxMinXX 2 месяца назад

I feel bad for those Tesla workers that just purchased their homes and are getting laid off.

@jhorton4329 Месяц назад

When you drink the EV Kool aid, and you can't critically think for yourself, you see the results. Is the EV plant next to a Crocs manufacturing plant?

@annekai 29 дней назад

@jhorton4329 Tesla is suffering because 1. Elon Musk seems to be losing his grip. And 2. Several other auto makers are producing good EVs. Instead of investing in updating the existing models, and really focusing on expanding the charging network, Musk built ridiculous his cybertruck trash. Meanwhile, Tesla has lost their headstart in the industry. But EVs aren't going anywhere. My husband just got a Hyundai Ioniq and it's gorgeous, super roomy inside, and has a 350-mile range.

@theblondeone8426 25 дней назад

can you say “bubble”

@delaville680 25 дней назад

@@annekai too expensive & inconvenient to recharge on road, expensive battery replacement cost, resale is bad. No thanks

@annekai 25 дней назад

@@delaville680 $30 month to charge with a charge pass, instead of $150 gas. Yay!

@krazzyk01 2 месяца назад

We live in a suburb north of Austin. We are watching builders pull out of multi family untis. They are now just sitting not finished. No one is working. The wood is turning black. So sad to see.

@mikemcglauflin8985 2 месяца назад

World government housing programs work in lock step with "tech industry". It is orchestrated by finance and not economics.

@justman777texas2 2 месяца назад

I've seen at least one similar development in San Antonio. Drive by it nearly every week, and zero new work. It looks like the framers just walked off one day and never returned. Wood is also turning black. They're going to have to tear it down now if they want to continue to build.

@shareurtube Месяц назад

Off of Woodrow just west of Lamar?

@jhorton4329 Месяц назад

Sounds like a great opportunity to pick up some building materials: plywood, drywall, plumbing fixtures, sinks AND free transients if you need people who don't want to work. 🎉

@drivethrupoet Месяц назад

in Round Rock they won't stop building and people keep filling them. I'm not real sure of the draw to the area but because they're building so many apartment complexes nearby, my small single family home is losing value, which is not a typical trend it's pretty bizarre actually

@angietyra9690 Месяц назад

Sad that it is not isolated in Austin anymore…it is crawling into the other small towns. SO SAD! Our beautiful state of trees, ranches, and wildlife is quickly turning into cities of concrete.

@5harkbyte460 2 месяца назад

Last time I went to Austin, I could barely recognize it from when I last lived there in 2015. Both the skyline as well as the demographics have changed so much. The insane growth is not without problems; The homeless issues around the city remind me of when I lived in the Bay Area of CA. It’s crazy that Austin is trending in that direction. Happy to see RE is correcting out there. Great content Travis & Melody.

@realestatemindset 2 месяца назад

Thank you so much for the comments

@Enki1013 2 месяца назад

My husband, daughter, and I had moved to Austin (from Florida) during the GFC because it had ranked as one of the best places for job seekers and families at that time (our daughter was only a toddler at the time). We were able to find a duplex for a nice cheap rental rate due to the new owner buying the place just as the housing market bottomed out. It was by a creek which was extra nice. Fast forward to recent years and the place got sold and we could see homeless camps under the bridge and along the creek more and more. The new owner put a lot of money into revamping the place but now the insurance and taxes got very high for her so the rental ballooned. BYE! I checked the FEMA report too out of curiosity (a habit I did every time there was heavy rain and floods). Up until recently, the duplex was fine. Now due to climate change and all, there is over 90 percent chance of significant damage happening to the place after another heavy storm. I had noticed the creek looking scarier each time there was a storm and we could even hear the heavy water flow inside with windows shut and TV on. My daughter keeps asking when we are going back. She is disabled and I cannot get her to understand, we won't be going back, that the things we liked about living there are gone and we aren't even "stuck" anymore (jobs wise, not even her school) due to my husband retiring and her enrolled in online public schooling. There were a few other final nails in the coffin as well for us as far as remaining which offered plenty of reassurance that we did the right thing by moving out of that duplex but that is another morbid tale.

@markpitchford7375 2 месяца назад

The new people are from the Bay area so it's not surprising they brought the Bay area problems with them.

@anovino1992 2 месяца назад

Because some the homeless population are from CA.

@apple2092 2 месяца назад

All the blue cities have the severe homeless issue.

@misterringer 2 месяца назад

What are the odds that they are lighting them on fire themselves to collect insurance money on these incomplete homes?

@jermon983 2 месяца назад

They're doing it on the automobile side. So I wouldn't put it past folks.

@dystopia-usa 2 месяца назад

The median priced house in the USA today needs to drop at least 50% in price so that the median income American can afford to buy it. Food for thought about the sad state of our nation, after 40-50 years of our sell-out, corporatist political duopoly in action.

@ericpaffenroth4213 2 месяца назад

With endless fiat currency printing, this artificially increases home prices. The game is over. Banks will fail, gold/silver/oil will skyrocket up.

@Koushi82 2 месяца назад

And no one buys houses either way as everyone loves in vans since rich people want to use land as hard assets since no one has income they vote for only prop taxes and then all landlords get liquidated and prop values crash by 99% GG get wrecked just deserts

@shanerogers9386 2 месяца назад

I’m looking forward to 50 percent off. not the list price, but 50 percent off what the flipper or investor paid for it.

@ErickaWilliamsCC 2 месяца назад

If it drops by 50% the country will be in the great depression and you won't be able to buy.

@maninscrubdallas8694 17 дней назад

So, what happens to the high costs of building materials used to build them?

@eddie9201 2 месяца назад

This is nuts. Everything is upside down.

@markpitchford7375 2 месяца назад

I remember these abandoned new builds from 2008. It's happening already whether anyone admits it or not.

@CaptainCaveman1170 2 месяца назад

The path forward is obvious. All credit feasts turn into credit famines, and this was the mother of all feasts. What isn't obvious is just how much the government is willing to print/and or distort the free market to make sure that path is not taken (again). We will know the answer to that over the next 36 months.

@kenrichard5824 2 месяца назад

Great job Melanie and Travis. You guys are Raising the bar. Equality the quality, the content much much better.

@godofwar4276 2 месяца назад

*Melody (Wright)

@somedayDefect 2 месяца назад

Bought a new build home in 2004. Forward to 2008. The home builder of our community was the first contractor in Colorado to file bankruptcy. They had three communities being built on the front range of Colorado. Thankfully they indeed finished the remaining 12 homes in our neighborhood. The other two was about half built out. Became a massive problem for them. They sold the remaining 12 homes in our neighborhood to an investor. I think that is how they were able to finish. The investor wanted to rent them out but never read our bylaws that you couldn't rent homes out in our neighborhood. Homes were forclosed on. Took only a two years to get bought up as our neighborhood became very popular because of the large autumn fire maples they planted!...

@user-cg9qu8mz8u 2 месяца назад

People are worried about rates? These people are 🤡's its the price of the homes it used to be in 150k and 200k now its crazy

@diesel104 2 месяца назад

You're one of the few ppl paying attention. I refuse to buy a house if Values don't start coming down. I don't care about rates. I can always refinance when they come down.

@brendak7781 2 месяца назад

Crazy what people are paying for a house. I was a custom builder for 20 years. You’re just bailing out someone’s poor purchase or greed. Do the math.

@HipHopCantSaveMe 2 месяца назад

@@diesel104It's lpl about the rates. If rates are 2-3%, most people making over $100k can easily afford the mortgage payments up to, what, a $800k home?

@mf-sp2pg 2 месяца назад

@@HipHopCantSaveMebut how many people are making 100k?

@SignalCorps1 2 месяца назад

@@HipHopCantSaveMe No that’s wrong. Someone making $100k cannot afford an $800k house at 3% interest. Even assuming a 20% down and 30-year mortgage would have a $4,200 monthly payment plus $1,800/mo for taxes and insurance (on the low side). That’s $6,000/mo or 72,000/year vs a take home pay of about $75,000. You would need to be making $200,000/year to even be considered for a loan of $640k (80% of $800k) and that really isn’t enough to make it a sound purchase.

@sunso1991 2 месяца назад

Permit system needs to be drastically simplified and many permits eliminated. The permit office failed to file its own permit is just hilarious and insane

@rachelcarter8669 2 месяца назад

I work in multi family they are all in a panic, to keep occupancy up. Im currently just temping to make extra $$$ so I go all over town working in different properties. Residents are noticing that their renewal rates are higher than the new residents moving in.

@pineda4333 Месяц назад

Same here, used to have pride in saying im feom 512 ATx,, not anymore. Have also moved out from Austin, the mortgage in 2021-2022 were raised due to over valued porperties, over charged property taxes, when you tried to sell you couldn't sell for appraised value. Home owners were put on a terrible situation feed tlyour kids or pay mortgage, some people canceled medical coverage to pay rent. Tesla moved in and prices doubled, tesla was not goin to hire all with great pay. Worst now they have laid off 10% man power in april.

@paintedlady4589 2 месяца назад

Austin has turned into a liberal pit. Homeless is all over, crime up, just not good.

@martinahopkins7785 2 месяца назад

Melody, Lilo Linke’s words are so profound in the way that they relate to exactly what is happening today in our society. I know that’s why you shared it with us, and I thank you profusely. Thank you for your courage, hope, honesty and encouragement to empower the people. First time I’ve seen your show, and I’m coming back for more. Keep up the good work!

@m3_melody 2 месяца назад

Thank you so much. These words are so powerful....and hopefully a lesson to many.

@REWatchman 2 месяца назад

Just wild! I saw a 1mm home build abandoned and being sold as a frame for 300k here, but a whole community!?! Sheesh

@aprilvalente5131 2 месяца назад

My old stomping grounds. We left because it’s not the same. Too much traffic and the infrastructure is still not up to par. Excellent analysis!!!

@mitchellweaver9102 2 месяца назад

Fun fact: Austin is in Travis County. Austin and Travis are also the two men in this video.

@CaptainCaveman1170 2 месяца назад

Melody Ranch was only 108 miles away, a missed opportunity!

@ThePandaSmuggler 2 месяца назад

Lived in Austin for 6 years, absolutely hated it. Fantastic video y'all! That ending with Melody was...*chef's kiss*

@m3_melody 2 месяца назад

So glad you liked it and thank you. We were a bit nervous about it :)

@ThePandaSmuggler 2 месяца назад

@@m3_melody You're welcome :) Shouldn't have to feel nervous about it. Personally, I think we focus too much details on historical events and not enough on the *causes* of said events.

@Starfish2145 2 месяца назад

Why did you hate it?

@ThePandaSmuggler 2 месяца назад

@@Starfish2145 overcrowded, crappy weather, horrible/mental drivers, traffic everywhere, cost of living increases, etc. Austin is overrated in my opinion, but a lot of people seem to like it. It was certainly not for me though.

@privatecitizen4001 2 месяца назад

Austin is horrible. Stop moving here.

@David-iy6gh 2 месяца назад

Unemployment and all that has already started just that the government is acting like we are clueless

@markpitchford7375 2 месяца назад

trading full time family supporting jobs for multiple part time hustles is not falling unemployment, not matter what the .gov says.

@rosesarered3904 2 месяца назад

Government offices seem to be the only ones hiring and they're not the best place to work in.

@labitcoineragt3596 2 месяца назад

Wow! That is so telling! Travis here in a suburb of Tucson where I live there is a luxury $1 mill homes community that seems to be slowing down! Last weekend we went to check out the place because that’s where we would actually want to buy. But we found out that on their website they have only 3 lots available listed with 3 already move in ready homes! The one home I was curious of, sat built in the market since 2022 and they JUST sold it three weeks ago for a 400k less then the same home in their other community. And then we ventured ourselves a little and we discovered they have at least 50-75 lots that they’re selling as lots! Meaning it seems like they are not even going to risk building homes or waiting for someone to build a home there with them! It was nuts to see the sign saying “lots for sale” but they told me that community is all finished and they sold the model home last year. Something big is brewing!

@Starfish2145 2 месяца назад

Hi, I’m a Realtor in Tucson. The builders are definitely hedging their bets and now mostly building on demand vs building spec homes. Be very careful if you buy new construction. The build quality is really bad, some builders are worse than others, but generally speaking they have all had problems since the pandemic. If you do decide to purchase a new home, hire a Home Inspector who *specializes in new construction and have him look several times during the build. It is well worth the money.

@labitcoineragt3596 2 месяца назад

@@Starfish2145 thank you! Yes have experience we bought a new build 5 years ago and we hired an inspector who found 30 pages worth of issues some were fire hazard! I don’t personally like any of the existing here in Tucson, homes are pretty dated to my taste so we’ll build our other home, it’s just probably not going to be for a while. You know Fairfield homes? They’re the only builder here that kind of builds more to our style but I was shocked to see they’re selling the lots here in Vail and they don’t seem to be wanting to build more. Honestly the housing market is so uncertain right now, I can’t believe all the other builders are building like crazy like it’s all good :s

@Horseracingtip 2 месяца назад

Too much growth is terrible for any neighborhood.

@sheraspencer 2 месяца назад

Y'all covered so much in this video! Great boots on the ground coverage finding things people haven't seen yet! ❤

@m3_melody 2 месяца назад

Thank you so much for watching! It was from the ♥

@sheraspencer 2 месяца назад

@@m3_melody it was so nice finally meeting you in person Melody! I hope you felt truly welcomed and loved in our home ❤

@m3_melody 2 месяца назад

@@sheraspencer I felt so loved and welcomed....and awed by your amazing children (and the woman behind them). So glad to finally meet the person behind the voice. Thank you so much again.

@colemanjr 2 месяца назад

Good to see you here back in Dallas guys. Can't wait to see what you will find here. Your Austin info was great, that abandoned new site made my skin crawl. I just don't know what we are doing in our country regarding housing anymore. Looking to hear more from you both.

@bersig 2 месяца назад

We had a few of those abandoned subdivision situations here in SoCal going into the bankster-instigated crash of the "naughties". Developers just stopped and left as soon as the business became unprofitable. Local employment dropped. The properties sat unmanaged for many years and became havens for squatters & drugs (& a boon for lawyers). The places were ransacked by thieves for plumbing and electrical fixtures. Many "accidental" fires. They pulled down property values in nearby neighborhoods, some of which had just recently been red-hot developments fueled by NINJA loans to naive first-time buyers. A disaster in so many ways.

@reikicowgirl9817 Месяц назад

Saw a few of those abandoned developments in Phoenix also 2008-2010. There was a big one on the west side that was supposed to rival north Scottsdale for golf, rec center, school, bike trails, dog parks, etc. It sat totally abandoned for about 5-6 years and then finally cranked back up again. I felt sorry for the people who had moved in to those vacant neighborhoods and yet could not use the unfinished facilities, coyotes running through their yards, no neighbors, etc. but they couldn’t leave because they couldn’t sell!

@godofwar4276 2 месяца назад

Good Job, Travis and Melody. Full of information not found elsewhere. I enjoyed it. I understand that it took a lot of effort on your part. Thank you for doing this.

@rickhaberman1202 2 месяца назад

homeowner policies in Houston got going up 40%. add on higher taxes, water bill, electricity, yard and house maintenance. buying an expensive home is not the issue!! or buying any house for that matter! 👀🙃👀🙃🤑🤑

@ErickaWilliamsCC 2 месяца назад

Facts.. houston very much still working class city.

@rosesarered3904 2 месяца назад

I'm in Dallas and just got notice that my tax went up 42% from 2019. This is ridiculous. I can't improve my home because now I have to pay more taxes... smh

@cdweber4547 2 месяца назад

Same here in San Antonio!! Our LOCAL governments are NOT serving the PEOPLE!!!

@roxiegimenez9298 2 месяца назад

Samething is happening here in Idaho. Apartments & New Housing Developments everywhere. These developers are ruining our land!!! This is such BS!!! This Building is out of control!!!

@ddawson8069 2 месяца назад

Yeah we decided not to relocate to So. Idaho due to the congestion and horrific traffic that most folks, maybe with the exception of Californians, would not want to tolerate. There is not adequate infrastructure to handle all the migrants and their vehicles. Further, the publicly listed builders construct houses that are crap, and we didn't want to throw our money away. So,,, we decided to remain in Alaska.

@OrlandoMiner 2 месяца назад

Great video! I love the interview style !

@realestatemindset 2 месяца назад

Thank you, Orlando! It's always nice to hear from you, my friend

@jesuscortez5841 2 месяца назад

Thank you for reporting the TRUTH!

@carpediem8892 2 месяца назад

Great report Travis and Melody! I visited Austin in November 2023 and drove around the Georgetown area. Stopped at Parkside on the River and toured a Taylor Morrison model home. Very nice. The 1500-acre development is far from complete. Plus there are several other large developments within a 10-mile radius under construction. I was stunned by the huge number of new homes being built. Your advice on renting is spot on until the market settles down.

@harrybach8412 2 месяца назад

Extremely well done video. This is what financial journalism is about. I was a journalism major in college with a Masters Degree and went into finance many years ago. Your video has inspired me to dust off my journalism skills and make a change. Great work Melody, Travis and Austin.

@privatecitizen4001 2 месяца назад

My block in north austin has 4 homes up, 2 sales 2 rentals. Both sales are over 400k. Both rental under 2k/month. The math is not adding up yall.

@staceygantt1119 2 месяца назад

I love the on the scene segment. Austin needs to join the team, he was informative. This was awesome!

@edmiller3221 2 месяца назад

And that Is why I don't give my life for a company. Companies don't care about people thet Is not the main purpose of companies.

@tonyrobinson7211 2 месяца назад

Thank you both for the information. I'm still holding out on buying my dream home.

@19rstyle 2 месяца назад

I know that abandoned subdivision. I use to work for the roofer that installed the few roofs before the builder lost funding. I know for a fact none of the contractors got paid for what was completed.

@alexJohnson9119 Месяц назад

What's the address of that place?

@5thgentexan95 2 месяца назад

Great video! We just cashed out of our 23 year home in a Houston suburb and are going to rent in an Austin suburb. Waiting to see what happens in the market and will be ready to buy if it drops. Thanks for the confirmation that renting is better right now.

@pineda4333 Месяц назад

When i purchased my 1st property in 1998 interest rate where 8.5%. purchased for $96k easy low mortagage payment. It is not the interest amount causing this issue. it is the over priced property values that people can't afford to pay, taxes are sky high. Same here, moving out of Austin, right now is not the time to buy or sell,, unless you got the money on hand. Or you save and get ready to offer cash..

@noelahg79 2 месяца назад

Real journalism. Bravo. Rare these days.

@skyfinancellc9538 2 месяца назад

That abandoned new home community is shocking. I live in Austin area and I've never seen or even heard of such a thing. Wowza! However, I must point out an opposite point of something you said: you said to buy into a new home community at the end of their sales cycle. Hmm.... What I've seen is this: new home builders continually *raise the prices* of new homes as they build-out their new communities. So if you come at the end, you are practically guaranteed to pay the highest price. Also, as the community gets built-out, the new buyer will have fewer and fewer *options*. Fewer lots to choose from. Maybe fewer floor plans which the builder is willing to build on those remaining lots. Also, you said, "Be sure you have a realtor" when buying a new home. That has not been my experience. I know you are a realtor, and I don't mean to get in your face, you did say that. I have *first hand experience* when I was looking to have a new home built where realtors had *their own preferences in mind* as to which builder I should use. I later found out - and I saw written documentation to prove this from a builder itself - that builders are *directly compensating real estate brokers* for bringing clients to them ... and ... their compensation *rates* go up in a stair case way, whereby as the realtors bring them more clients, the builder will pay out higher commissions to the realtor. Now does that sound like a good thing for the buyer? No way. This is classic conflict-of-interest.

@d.lowery4933 2 месяца назад

Loved this episode. Great talking to the people

@realestatemindset 2 месяца назад

Thank you so much. It was such an honor to talk to people.

@m3_melody 2 месяца назад

Thank you so much for this feedback. We loved it too and very helpful for future videos!

@stanmarcusgtv 2 месяца назад

police defunded - state stepped in w/ penalties and some funding returned but Austin is circling the drain because following CA model

@louisstennes3 2 месяца назад

In my experience real estate agents are like car sales persons. I own an oceanfront condo which is on a rental program when I am not using it myself or for family and friends. It is not on the market but like clockwork every week or so I get a solicitation to list it from agents One thing which is universal with real estate agents: IT IS ALWAYS A GREAT TIME TO SELL OR A GREAT TIME TO BUY depending if you are a buyer or seller.

@amandaahmadi9582 2 месяца назад

I wonder when this will pop off in Tampa and Orlando, so far we are on the same path data wise. Same issues with the fraud. I think the unspoken contributing factor many are not thinking of is just how many fraud PPP loans are linked to the purchases in 2020-2022.

@apple2092 2 месяца назад

Based on my observation, many places in FL the housing price is still increasing. Is that true?

@WickHawks 2 месяца назад

Bonkers! Travis you're kill it man! Appreciate your hard work and bringing people the truth!

@saranolan2031 2 месяца назад

I love your reporting! We need more in all areas like you to get the real truth and look put for one another. Great job!!

@darcyrogers8881 2 месяца назад

Thank y’all for taking the time to do these videos. I’m going to us them to fight my TX appraisal in Collin Co. Got my letter yesterday. Up also 50k. That’s insane.

@m3_melody 2 месяца назад

Yes, please fight it! Let us know if you need some links to data, etc.

@Evermorecurious 2 месяца назад

Fellow Collin Co resident. Currently looking for a rental in this area and from what I’ve seen on Zillow is absolutely absurd. According to Collin CAD the townhome I sold in 2019 is now tax appraised for $200k more in just four years. From 2014-2019 it didn’t even budge $30k. This is nonsense.

@darcyrogers8881 2 месяца назад

@@m3_melody if you have a link I can follow till my hearing date EOY for over 60 days passed due on mortgage would be very helpful. Thank you very much. How can we help support your efforts?

@darcyrogers8881 2 месяца назад

@@Evermorecurious I’ve got a double whammy with taxes. I’m in PISD, my kid goes to private. We live in a great neighborhood, very middle class for PISD, actually my son would say middle lower class compared to his public school class mates (hence why we went to private).

@rosesarered3904 2 месяца назад

@m3_melody I got my tax increase statement yesterday too. It went up 42%, the thing I don't understand is that it says that my limited cap has been canceled. Does anyone know what that means? It scares me to think that now I won't have some kind of protection from rising taxes.

@John_Richbourg 2 месяца назад

Thank you for keeping us informed on so many levels. I feel like the more I learn about our country low income people my anger grows, Thanks Arleth, Imagine investing $1000 and receiving $5,450 in 3days.🇺🇸

@FatimaJuarez-qp3bs 2 месяца назад

Low income people are suffering to survive, I appreciate her she's a great personality in the state, Imagine receiving $13,670 in few days.

@michaelericboney6156 2 месяца назад

Getting Arleth Coronado to help me really helped me clear all my debts. I started with what I have left and it's been the best decision I ever made.

@JoyceBellis 2 месяца назад

She changed my life for good, I'm also a beneficiary.

@ErichHill01 2 месяца назад

I'm new at this, please how can I reach her?

@John_Richbourg 2 месяца назад

SHE'S MOSTLY ON TELEGRAMS WITH THE BELOW NAME’

@lillybilly9954 2 месяца назад

Real journalism! Thank you!

@sieng8 2 месяца назад

Thank you both for your hard work.

@cherylcampbell7495 2 месяца назад

Unfortunately we can’t fight progress especially if you’re a senior. I love Texas. Thank you for the boots on the ground as people are saying. Great job guys🙏💕🇺🇸👍

@realestatemindset 2 месяца назад

Thank you so much

@wango556 2 месяца назад

Awesome job brother. I know it’s hard to do all that traveling and not makeing a lot. But you are getting ready to BLOW UP! Keep the faith

@Sugarnaut 2 месяца назад

Outstanding report! Love it when you guys get together and report what’s really going down.

@Isaac-ue8uj 2 месяца назад

The only thing those rotting half-finished houses are good for now is for training purposes. First for inspectors and construction types, then for police and fire crews... and finally, for demolition teams.

@realestatemindset 2 месяца назад

That might not be a bad idea, lol

@brn2863 2 месяца назад

I think there needs to be some kind of punishment for developers who do this. I don't know what, but... starting houses and just leaving them unfinished should be a crime.

@jkmarshall3553 2 месяца назад

Paint Ball Parks!

@CaptainCaveman1170 2 месяца назад

And finally for urban combat training!

@zipporaid Месяц назад

That abandoned neighborhood gave me flashbacks to 2010

@gregwyatt9840 2 месяца назад

LOVE YOUR CHANNEL THE TRUTH AND PASSION!

@Pelican5077 2 месяца назад

Great report. Great preview of what is coming to a town near you over the next 5 years.

@lisae357 2 месяца назад

Great job Travis and Melanie- those abandoned new buildings are so important to expose. There’s so much “over speculation” and developers will go bankrupt. Sad that so many buyers will lose their deposits when developers go broke. There’s no “viable” recourse for buyers that lose their deposit do to developers filing bankruptcy. Rarely do all the bankrupt companies cover all their debts during bankruptcy proceedings. Just another reason to exercise caution when buying in new developments.

@pawelek7 2 месяца назад

Good video. Keep bringing more content like this Melody and Travis.

@LWRC 2 месяца назад

These home values are droping FASTER than any fire department can put out a Tesla lithium battery fire! 😂😂😂🤣🤣🤣👎👎👎👎

@Starfish2145 2 месяца назад

If you buy a new build hire a home inspector who *specializes in new builds

@ddawson8069 2 месяца назад

Yeah generally speaking the new-builds constructed by publicly listed companies are pure crap. Built as quickly as possible as cheaply as possible.

@MosesKim-je5rj 2 месяца назад

Better and more timely reporting than mainstream media. Good job guys!

@paulconner4614 2 месяца назад

In the 1980's there was a subdivision in Garland, Texas that literally had one person living in it with almost 30 spec homes partially completed around them and the builder went bankrupt.

@picklerix6162 2 месяца назад

It was way worse in Houston during the 80’s.

@Huero87 Месяц назад

My parents got a nice home in west Houston in 1990 for 60k. It was the same ole story, people weren’t paying their mortgages.

@csh000 Месяц назад

I bet that person's HOA was not a problem. If the builder gave up control, that homeowner became the entire HOA board. Of course they were also likely on the hook for the municipal bond too.

@paulconner4614 Месяц назад

@@csh000 No HOA (they weren't as big a thing back then. The Homeowner sued the builder through bankruptcy court and the court forced the builder to buy the house back (although it took awhile and there was alot of issues with theft (this was in the middle of the crack epidemic so the spec houses were getting everything of value ripped out of them by thieves)

@deborah9384 Месяц назад

I remember that sad happening in the 1980’s in Garland.

@uberwebd9824 2 месяца назад

We got into contract recently at a new build community in the pflugerville suburb. It was very easy to negotiate 100k on the price plus 30k in incentives. It is a buyer market if you can afford the house. Be honest with yourself and do number crunching before you sign

@emac1968 2 месяца назад

Thank you both. Very informative.

@roberto.montobaun 2 месяца назад

Big jump in production quality for this boots on the ground. Very good work team. Good to see you guys.

@kandiloois2881 2 месяца назад

Taxes in Texas suck

@jonmore6921 2 месяца назад

Austinfornia

@EmilyAllan 2 месяца назад

Loved this boots on the ground approach with interviews. Well done!

@jetjones5175 2 месяца назад

Great reporting, thanks!

@pamelagardner4191 Месяц назад

Love this reporting format, wow!! I was waiting for you guys to stop by the large mobile home development (crammed together) just south of the Tesla factory off Tollroad 130 - you can see it clearly from the Tollroad. Lived in Austin since 1999, recently moved away due to the traffic and congestion.

@danimi361 2 месяца назад

Another Austinite here.....This is more proof that people should not move here. Hopefully more will keep leaving. Go on! Git! Lol....

@avonti001 2 месяца назад

A city without any major sports team. Such an overrated place, no wonder you find abandoned communities.

@jamesedwards2687 2 месяца назад

Thanks for this presentation

@housingwiz 2 месяца назад

You guys are better than any TV station. Good job!

@mrbob19561 2 месяца назад

Too hot in Texas

@Twidegren 2 месяца назад

Cool format. Thanks for the research. I’m standing on the sidelines in SacTown California waiting for the right time and place.

@etcomehome39 Месяц назад

Very solid reporting thanks so much!

@1ambrose100 2 месяца назад

That tower has a very tragic history going back to 1966.

@johnnymaccool9828 2 месяца назад

Sniper tower

@xenuburger7924 Месяц назад

They did an autopsy and found a brain tumor, easier to understand than when the shooter was on a psych drug.

@livesimplystudio 2 месяца назад

Great coverage you two! Thank you for your hard working & reporting!!! 🙌

@nohopeequalsnofear3242 2 месяца назад

Great video.... appreciate the effort

@katydid2877 2 месяца назад

Oh awesome, developing with a crowbar. I saw that in Santa Barbara. Tear down a cute little city bungalow and jam 9 tiny condos on the lot without enough parking. What a mess. And I think universities negatively affect and influence the cities they are in.

@user-yb3ch6uc1y 2 месяца назад

Absolutely outstanding piece of expertise and journalism. What a great team y’all make. You guys are the change we wanna see and you’re changing the media and the housing market. Thank y’all so much.

@wedealrealestatewdre3678 2 месяца назад

Great Job reporting this you two. Very well put together.

@luckyone4881 2 месяца назад

great work as always guys, absolutely bonkers

@abstractartpaintings3366 Месяц назад

What an incredible format and video! BONKERS! Love your work on this (and Melody, of course!). I've watched all of these and think the format and level of reporting is refreshing oh-so-needed right now. Thank you so very much. I look forward to more!