It seems that a lot of the talk regarding the bubble may be all in the head. Many consumers are still able to buy a house but are choosing not to. This is in contrast to previous housing downturns where consumers simply couldn’t buy homes whether they wanted to or not.
I think this applies well to the Austin area. Sure, many people have inflated prices because they weren’t savvy buyers or they were novice investors. We have already seen the market slow down to correct these issues, but Austin isn’t going to stop growing and the demand for homes will keep increasing over time. I hate to burst your bubble, but I believe that the Austin market is not going to crash.