The Vagabond Programmer

The Vagabond Programmer

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Art student ~> Tech Lead ~> Coach

Cozy Jazz House Music Mix - Peaceful Garden Dinner | Chillout Raclette Evening Playlist 06/20/2024

Love this channel!

Cozy Jazz House Music Mix - Peaceful Garden Dinner | Chillout Raclette Evening Playlist Tracklist down below👇🏼Flavour Trip clothing available on https://flavourtrip.comFeel free to support us on Patreon and get access to exclusive content, beh...

06/20/2024

Okay who wants access to my Slack group that I recently started back up?

I originally created it 5 years ago when I first started The Vagabond Programmer. Also feel free to check out that page and like it!

06/19/2024

Okay I created the "WhatsApp Community" to serve as a welcome package for people new to Austin. Leave a comment to get access.

These AI Glasses are Crazy! 06/19/2024

I’ve been using these to take photos and record footage for my side projects.

These AI Glasses are Crazy!

Support The Vagabond Programmer on Ko-fi! ❤️. ko-fi.com/thevagabondprogrammer 06/18/2024

I'm thinking about adding a Ko-Fi shop to sell books from my original Instagram account. It last from 2012 to 2019.

Would anyone be interesting in supporting me and my recovery from a 3rd burnout?

Support The Vagabond Programmer on Ko-fi! ❤️. ko-fi.com/thevagabondprogrammer Support The Vagabond Programmer On Ko-fi. Ko-fi lets you support the people and causes you love with small donations

To draw the picture of Austin rent prices over the past several years is to trace a dizzying mountain — up, up, up. And then a slope. A small slope, but a slope. Down. Not up.

For the past year, the average price of rent in the Austin area has been falling. Rent prices have decreased by about 6% year over year. The average monthly rent is now $1,528 for an apartment any size, down $100 a month from last year.

According to data from Zillow, this is the longest sustained drop in rent prices in the past decade.

“It’s bad for landlords and it’s great for tenants,” said Jake Wegmann, a real estate professor at the University of Texas at Austin. “We should be happy about this.”

The cause? A surge in apartment building and a drop in the number of people moving to the area.

“During the pandemic we saw all of this demand and developers said, ‘We need to build,’” said Ali Wolf, chief economist at Zonda, a company that tracks home construction data.

Tens of thousands of people moved to Austin in the early years of the pandemic. Many could work from home, while others could afford to leave shared living situations and look for their own apartments. In response, rent prices rose at an incredible pace. To developers this indicated a need: more homes. In 2022, developers started building about 40,000 new apartments, more than they had in any subsequent year.

While the population surge that defined Austin in 2020 and 2021 has since slowed, tens of thousands of new apartments are still opening. That’s because of the nature of construction; typically, several years pass between breaking ground on a new building and opening apartments to renters.

What typically happens when developers start building a significant number of new rental homes is that prices drop, Wegmann said, but often only among the most expensive apartments. But there are so many new apartments in Austin that prices are falling across a spectrum of buildings, from apartment complexes with gyms and pools to buildings built half a century ago and beset with much-needed repairs.

Tap the link in our bio to read more from Audrey McGlinchy.
Photo: @MichaelMinasi 06/18/2024

Good news for folks in Austin!

https://www.instagram.com/p/C8Xh9_BJL8v/?igsh=MW5kZHpkYWx4YmF4cw==

To draw the picture of Austin rent prices over the past several years is to trace a dizzying mountain — up, up, up. And then a slope. A small slope, but a slope. Down. Not up. For the past year, the average price of rent in the Austin area has been falling. Rent prices have decreased by about 6% year over year. The average monthly rent is now $1,528 for an apartment any size, down $100 a month from last year. According to data from Zillow, this is the longest sustained drop in rent prices in the past decade. “It’s bad for landlords and it’s great for tenants,” said Jake Wegmann, a real estate professor at the University of Texas at Austin. “We should be happy about this.” The cause? A surge in apartment building and a drop in the number of people moving to the area. “During the pandemic we saw all of this demand and developers said, ‘We need to build,’” said Ali Wolf, chief economist at Zonda, a company that tracks home construction data. Tens of thousands of people moved to Austin in the early years of the pandemic. Many could work from home, while others could afford to leave shared living situations and look for their own apartments. In response, rent prices rose at an incredible pace. To developers this indicated a need: more homes. In 2022, developers started building about 40,000 new apartments, more than they had in any subsequent year. While the population surge that defined Austin in 2020 and 2021 has since slowed, tens of thousands of new apartments are still opening. That’s because of the nature of construction; typically, several years pass between breaking ground on a new building and opening apartments to renters. What typically happens when developers start building a significant number of new rental homes is that prices drop, Wegmann said, but often only among the most expensive apartments. But there are so many new apartments in Austin that prices are falling across a spectrum of buildings, from apartment complexes with gyms and pools to buildings built half a century ago and beset with much-needed repairs. Tap the link in our bio to read more from Audrey McGlinchy. Photo: @MichaelMinasi

Support The Vagabond Programmer on Ko-fi! ❤️. ko-fi.com/thevagabondprogrammer 06/16/2024

Ko-Fi is up and running!

Support The Vagabond Programmer on Ko-fi! ❤️. ko-fi.com/thevagabondprogrammer Support The Vagabond Programmer On Ko-fi. Ko-fi lets you support the people and causes you love with small donations

06/16/2024

This places rocks!

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