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Austin Terrafactory Downside: Local Real Estate

Discussion in 'Cybertruck' started by CyberGus, Aug 22, 2020.

  1. CyberGus

    CyberGus Not Just a Member

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  2. Xenoilphobe

    Xenoilphobe Active Member

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    Not sure they are too worried about than when the COL is 49% lower..

    Screen Shot 2020-08-22 at 7.31.41 PM.png
     
    • Informative x 2
    • Like x 2
  3. glide

    glide Active Member

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    Coming from the Bay Area, no one will blink an eye.

    Locals should prepare for the squeeze.
     
    • Like x 1
  4. CyberGus

    CyberGus Not Just a Member

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    We've been taking California refugees since the 90's
     
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  5. Blue Skye

    Blue Skye Member

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    I'm more concerned for the effect it may have on the Austin real estate market for locals. I live in Oregon and the influx of Californians has really bumped up property values. Can make it tough for first time home buyers.
     
  6. CyberGus

    CyberGus Not Just a Member

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    The Tesla factory will certainly raise values in that vicinity, but probably won't have much effect on the larger metro market.
     
  7. strider

    strider Active Member

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    Should have built in Tulsa :D Cost of labor is lower too.
    Screen Shot 2020-08-29 at 21.35.19.png
     
  8. El joe

    El joe Member

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    Having moved the Bay Area from Los Angeles, it’s insane how much it costs to live here. I had to move 90 miles East and commute just to make ends meet. Can’t wait to make that commute in the CT instead of my Bolt! :)
     
  9. CyberGus

    CyberGus Not Just a Member

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  10. empiredown

    empiredown Member

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  11. AnnieCos990

    AnnieCos990 New Member

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  12. mark95476

    mark95476 Member

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    The same thing happened in and around Reno.
     

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