Tesla and Austin Real Estate Outlook

I was under the impression that Austin had a huge run up in prices bouyed by tech companies moving there.

I am generally of the mindset that a correction is coming but thought Austin may have a new normal due to Tesla relocating there .

Now that

There stock is down a ton (40% YTD)

They are planning on laying off 10% of the workforce what does this mean for the boarder Austin market.

Not quite sure on the geographic concentration of employees so curious on thoughts?

submitted by /u/Mhdkqye134
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I was under the impression that Austin had a huge run up in prices bouyed by tech companies moving there. I am generally of the mindset that a correction is coming but thought Austin may have a new normal due to Tesla relocating there . Now that There stock is down a ton (40% YTD) They are planning on laying off 10% of the workforce what does this mean for the boarder Austin market. Not quite sure on the geographic concentration of employees so curious on thoughts? submitted by /u/Mhdkqye134 [link] [comments]

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