On May 5th, KVUE reached out to Joe DeBlasio to discuss the current state of rent in Austin, TX.
“The last time we saw a demand surge like this was about 10 years ago here in Austin, where the percentage of renters increased substantially because of all the foreclosures during the ’08, ’09, 2010 bust real estate bubble,” DeBlasio said. “And so we had a new demographic of renters. We had folks that lost their home during that crisis. We had folks, older folks, that maybe had a home and they decided they don’t want the responsibility any longer. So we saw a demand surge demographic-wise during that situation. This is a little bit different. The causes are a little bit different.”
You can visit their website to watch the video and read the full article: bit.ly/3epMGCI
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.