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You are here: Home / Market Analysis / The Scary “B” Word: Will Investors Create a Downtown Austin Condo Bubble?
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The Scary “B” Word: Will Investors Create a Downtown Austin Condo Bubble?

towers staff December 3, 2007 Comment

Much has been written about the condo bubble in southern Florida, especially the dramatic rise and fall of the Miami condo market. Between 2004 and 2006, condos were being snapped up by investors and quickly flipped for a profit long before buildings were completed. As more and more investors joined the fun, condo units would often change hands like pork bellies -- and other dangerously volatile commodities -- many times before construction was complete. For a couple of years, condo investments seemed to have no where to go but up. In the 10-years prior to the Miami condo boom, 7,000 . . .

 

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48 East Ave #1007
Austin, TX
Photo of 48 East Ave #1007, Austin, TX 78701 (MLS # 8700780)
$475,000
17
  • Lot Size
    40 sqft

  • Home Size
    463 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

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