ABANDONED New Home Community in AUSTIN

ABANDONED New Home Community in AUSTIN
Check out Melody Wright Here:
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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 KZbin 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, KZbin, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.

[@edgarvelasco7130]

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

[@m3_melody]

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

[@JeremyAKnight]

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]

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

[@MostlyPeacfulRiots]

@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]

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

[@CyndiOyea]

Just like Vegas 😢

[@robertmcanarney7589]

My thoughts exactly.

[@sarashann]

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]

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]

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

[@1ireneaustin]

@@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]

@@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]

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

[@-OBELUS-]

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

[@mr.foxwiz1653]

Sounds like California. Oopsie

[@avonti001]

Side effects of growth!!

[@-OBELUS-]

@@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.

[@genemounce8302]

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]

Indeed the *greed* in Austin is unbelievable.

[@shaundonovan2193]

Real talk

[@OffGridColoradoLiving]

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

[@joshflanders9535]

Very true sadly San Antonio is like that as well

[@theblondeone8426]

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

[@jeffersonblackmon]

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]

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

[@paulconner4614]

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]

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]

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

[@beatriz38]

Who is "they"?

[@OffGridColoradoLiving]

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

[@bw4611]

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

[@rwdplz1]

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

[@fgjf1079]

And now that they’re not…

[@ErickaWilliamsCC]

Doubled before that

[@dontmakemegothere7904]

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

[@MaxMinXX]

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

[@jhorton4329]

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]

​@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]

can you say “bubble”

[@delaville680]

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

[@annekai]

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

[@krazzyk01]

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]

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

[@justman777texas2]

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]

Off of Woodrow just west of Lamar?

[@jhorton4329]

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]

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

[@katlyn2781]

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

[@realestatemindset]

Thank you!

[@user-ro2pw7oi8g]

Great work Travis and Melody!! 👍👍👍

[@JeremyAKnight]

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

[@martinezstephen]

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]

But now it’s a dumpster fire.

[@diesel104]

Same thing has happened in Florida.

[@misfitcichlids2140]

😮😮😮😅😅

[@m3_melody]

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

[@avonti001]

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

[@5harkbyte460]

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]

Thank you so much for the comments

[@Enki1013]

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]

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

[@anovino1992]

Because some the homeless population are from CA.

[@apple2092]

All the blue cities have the severe homeless issue.

[@pineda4333]

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..

[@RK-hv2dh]

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

[@manuche512]

On davis lane

[@RedLeo-pf9yo]

@@manuche512- that seems like it’s almost in dripping Springs.

[@manuche512]

No its by dittmar recreation center actually on dittmar road between south 1st and menchaca. The gate is actually open now

[@misterringer]

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

[@jermon983]

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

[@mitchellweaver9102]

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

[@CaptainCaveman1170]

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

[@markpitchford7375]

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

[@CaptainCaveman1170]

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.

[@user-cg9qu8mz8u]

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]

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]

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]

​@@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]

​@@HipHopCantSaveMebut how many people are making 100k?

[@SignalCorps1]

@@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.

[@dystopia-usa]

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]

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

[@Koushi82]

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]

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]

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

[@maninscrubdallas8694]

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

[@sunso1991]

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

[@angietyra9690]

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.

[@rachelcarter8669]

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.

[@paintedlady4589]

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

[@somedayDefect]

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!...

[@eddie9201]

This is nuts. Everything is upside down.

[@kenrichard5824]

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

[@godofwar4276]

*Melody (Wright)

[@martinahopkins7785]

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]

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

[@aprilvalente5131]

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!!!

[@REWatchman]

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

[@ThePandaSmuggler]

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

[@m3_melody]

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

[@ThePandaSmuggler]

@@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]

Why did you hate it?

[@ThePandaSmuggler]

@@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]

Austin is horrible. Stop moving here.

[@David-iy6gh]

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

[@markpitchford7375]

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

[@rosesarered3904]

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

[@labitcoineragt3596]

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]

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]

@@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

[@staceygantt1119]

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

[@colemanjr]

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.

[@rickhaberman1202]

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]

Facts.. houston very much still working class city.

[@rosesarered3904]

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]

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

[@pineda4333]

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.

[@bersig]

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]

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!

[@skyfinancellc9538]

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.

[@godofwar4276]

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.

[@timothyboyd5548]

Austin has turned out to be an embarrassment to the people of Texas.

[@sheraspencer]

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

[@m3_melody]

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

[@sheraspencer]

@@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]

@@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.

[@carpediem8892]

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.

[@privatecitizen4001]

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.

[@jesuscortez5841]

Thank you for reporting the TRUTH!

[@edmiller3221]

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.

[@Horseracingtip]

Too much growth is terrible for any neighborhood.

[@19rstyle]

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]

What's the address of that place?

[@darcyrogers8881]

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]

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

[@Evermorecurious]

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]

@@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]

@@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]

​@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.

[@tonyrobinson7211]

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

[@harrybach8412]

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.

[@5thgentexan95]

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.

[@Starfish2145]

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

[@ddawson8069]

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

[@amandaahmadi9582]

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]

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

[@d.lowery4933]

Loved this episode. Great talking to the people

[@realestatemindset]

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

[@m3_melody]

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

[@WickHawks]

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

[@louisstennes3]

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.

[@jonmore6921]

Austinfornia

[@OrlandoMiner]

Great video! I love the interview style !

[@realestatemindset]

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

[@cherylcampbell7495]

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]

Thank you so much

[@saranolan2031]

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!!

[@roxiegimenez9298]

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]

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.

[@noelahg79]

Real journalism. Bravo. Rare these days.

[@wango556]

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

[@avonti001]

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

[@stanmarcusgtv]

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

[@kandiloois2881]

Taxes in Texas suck

[@Isaac-ue8uj]

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]

That might not be a bad idea, lol

[@brn2863]

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]

Paint Ball Parks!

[@CaptainCaveman1170]

And finally for urban combat training!

[@Sugarnaut]

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

[@paulconner4614]

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]

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

[@Huero87]

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]

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]

@@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]

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

[@sieng8]

Thank you both for your hard work.

[@gregwyatt9840]

LOVE YOUR CHANNEL THE TRUTH AND PASSION!

[@uberwebd9824]

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

[@lillybilly9954]

Real journalism! Thank you!

[@Pelican5077]

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

[@lisae357]

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]

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

[@LWRC]

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

[@roberto.montobaun]

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

[@1ambrose100]

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

[@johnnymaccool9828]

Sniper tower

[@xenuburger7924]

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

[@EmilyAllan]

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

[@pamelagardner4191]

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.

[@emac1968]

Thank you both. Very informative.

[@John_Richbourg]

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]

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]

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]

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

[@ErichHill01]

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

[@John_Richbourg]

SHE'S MOSTLY ON TELEGRAMS WITH THE BELOW NAME’

[@MosesKim-je5rj]

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

[@zipporaid]

That abandoned neighborhood gave me flashbacks to 2010

[@Twidegren]

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

[@user-qb8qm4mp5n]

You guys are awesome! Looks like Austin is on the hot list. I know days leading up to the GFC many Californians went to Texas because there were jobs and homes cost less. It's difficult for small home builders to compete with the big guys. Looks like that one abandoned community the builder probably went bankrupt. Sad those houses are going to rot away.

[@anthonysantoscoy2805]

Work in Austin live 40 miles from my job. Look at Jarrell, tx house prices are all over the places. New builds 370 and I couldn’t sell my house for 280.

[@jetjones5175]

Great reporting, thanks!

[@mrbob19561]

Too hot in Texas

[@user-yb3ch6uc1y]

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.

[@cameronjenkins5304]

Travis, Melody great video! That new build subdivision looks like 2009. Lord help us!

[@nohopeequalsnofear3242]

Great video.... appreciate the effort

[@luckyone4881]

great work as always guys, absolutely bonkers

[@housingwiz]

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

[@SacredZephyr]

Hey that abandoned community in the opening is down the street from me! lol ABSOLUTELY BONKERS!

[@cperal9930]

What’s the name of the community?

[@TimesUp8888]

What area just out of curiosity? I lived in Austin from 2008-2022... I felt a lot of "weird" S**t was coming that way... moved closer to Canada 😂 Only regret so far is how much I miss the wearher.

[@SacredZephyr]

@@TimesUp8888 It was South Austin. There are a couple of those abandoned new communities here.

[@HODIUSDUDE]

​@@TimesUp8888I relocated to OH, no regrets.

[@abstractartpaintings3366]

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!

[@floydjohnson4915]

I saw how rapid expansion and over-building can ruin a market. Back in 2006 I was working in Florida during the huge condo-conversion craze. After working in apartments for 20 years, I was hired as a project manager to take old apartment communities and turn them into condo's. I was exicted because for 20 years I just repaired properties, but now I was taking something old and making it new again with hefty construction budgets. The only thing I didn't know is I was late to join the game and just 7 months into my first project, the market went bust. Condo had become an evil word because it was taking decent rental apartments, kicking out the renters and selling those units as condo's for $200K+ each. The market was saturated and people just couldn't afford to buy those condo's. But many were buying and getting financed through the former Countrywide Mortgage and then losing the condo's to foreclosure. It was rough and I ended losing my job when the market crashed and I went back to apartments until I retired.

[@willlywillly]

I love the two of y'all! Wow things are happening fast. So glad I haven't bought yet. Dave Ramsey is so wrong!

[@realestatemindset]

Thank you Willy!

[@amandaahmadi9582]

The shit Dave Ramsey is selling should be criminal! He is a horrible human for misleading people intentionally!