By DeeinAustin™

I was just thinking this morning about the rapid and seemingly sudden changes that are happening in East and Central Austin. If I had to describe the transformation, I’d liken it to that of an awkward teenager. This is not meant to be derogatory. If you think about it, happens to teenagers?

• They experience growing pains as things change.
• They’re self-conscious and can be introspective. They may ask, "Who am I and what are my values?"
• They can be testy if you try to tell them what to do.

OUR LITTLE EAST AUSTIN IS GROWING UP

Anytime there’s sudden and unexpected growth, it can be scary to the people who are going through it. Like an adolescent, our little East Austin is growing up.

In less than four years, the area home prices have doubled in value. A
new breed of buyer is moving in. Affordability is fleeting. The
wonderful people who grew up there are being pushed out due to
increased property taxes.

East Austin and various parts of Central Austin are seeing their
skylines grow taller while new subdivisions and condo projects sprout
up all around them. We realize that, as the Austin and Texas population
boom moves forward, these transformations are inevitable. Now, both new
and existing residents and businesses strugggle to find ways to shape
their communities into economical viable, diverse and happy places to
live.

Read about the $1.5 Billion Dollar Villa Muse Development.

My state is better than your state.

Tell us! How is your area growing and changing? What do you think of this observation?

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This entry was posted on Monday, April 23rd, 2007 at 7:24 am and is filed under Austin Real Estate News. You can leave a response, or trackback from your own site.