RENT IS INCREASING IN AUSTIN! 

And chances are, you don't want to throw any more money away on Rent, especially when the cost of home ownership in Austin is so affordable right now! 

Your own Condo can provide you the same lifestyle, at the same price you are paying in Rent.    

You may be curious Why Rent Is Increasing right now... 

The reason rents are going up right now in Austin is simply due to supply and demand.  The Austin real estate market has experienced a series of foreclosures and short sales whereas home owners could no longer afford their mortgage for one reason or another, so they had to downsize drastically and (as a result) the Austin real estate market was flooded with a larger supply of homes for sale, without enough buyers to buy them. 

Lucky for your Apartment Complex, this means the demand for Rent goes up.  Not so lucky for you, as this demand rises, your Apartment Complex can RAISE RENT because they now have plenty of New Renters lining up at their door that will pay the price they are asking. 

Here's how it happened...

Many of these new renters that have flooded the market (and are driving up your rent) lost their jobs - so they quit paying their home mortgage and began saving their money while their banks foreclosed on their home (which can easily add up to six months or even a couple years worth of monthly mortgage payment reserves while the foreclosure or short sale process was under way). 

Likely, they obtained a job during this period although it was too late to salvage their home mortgage, and their credit was already damaged, so they continued to live for free and save money.  In the end, they take their new job and all the money they saved by not paying a monthly note, and they find an apartment to rent while they rebuild their credit and their job security so they can buy another home in a couple years or so.

It's an unfortunate situation starting with them, but ending with you! 
It doesn't have to end with you though, and you can make sure it doesn't end on you by simply taking a closer look at the advantage of the Austin real estate market right now, and if you're able to, take advantage of the low costs of home ownership. 

Here's the situation:
Due to these new renters losing their jobs, the supply of homes has gone up, bringing the demand down, which in turn brought down the cost of home ownership in two ways.

1.)  The prices have come down to be more affordable and
2.)  The mortgage rates have come down temporarily to accommodate home buyers and make it more affordable to own a home.

Collectively, this moment that exists right now is an opportunity for Renters to become Home Owners.  In fact, if todays renters do not take advantage, then rents would simply continue to go up and up and up. 
However, history in the real estate market shows us that this won't happen, because when it makes this much sense to buy a home, people take advantage, and then in a couple years or so, rents will come down, but the opportunity to own a home for such an affordable rate will have past. 

It's a cycle in the real estate market that comes only every so often, and it's as simple as the supply and demand theory that you learned in grade school economics.  Additionally, this cycle and opportunity has already set 50-year record-low mortgage interest rates (cost of home ownership), making it a historical moment.  Your kids will read about this in (very near future) history books, the same way you read stories about "The Great Depression" and other market changing moments in history.

It's these times in the real estate market that the "Donald Trumps" are made, as they take advantage of the market.
80% of the world's millionaires acquire wealth through real estate.   

You may not want to become a millionaire one day from real estate investing, but you can at least stop throwing away your money on rent.  It all starts somewhere, and your Rent Increasing is your first sign that you should take action right now.

I'm local right here in Austin, and I'm helping Renters like you take advantage of the market and begin building equity in their own real estate, instead of someone elses. 

If you are at the boiling point of paying rent, or you'd like to simply discuss the possibilities right now, just fill out this form below and I'll get in touch with you.  Or, feel free to contact me direct via email or phone. 512-330-1075

Otherwise, feel free to search Condos and Houses for sale using these links:

SEARCH CONDOS BY ZIP CODE (select Condo under "property type")
SEARCH HOUSES BY ZIP CODE  (select Single-Family under "property type")