By Carol Hardy • 2018 President
One may wonder, with all the national lists and reports floating around about what county, city, or area is growing the fastest, it is a bit confusing about the true affordability to live in such places.
Travis and Williamson Counties have such diverse and beautiful places to explore, live, and work, of course everyone would want to move here! Once the cat is out of the bag, it’s hard to slow progress. With this comes the adage of housing inventory vs. affordability. With the gain of progress comes the growth of all city/county services as well. To keep up adequately, taxes increase which can pressure home owners out of their property.
Affordability in all areas of life becomes a critical factor in the success and health of a vibrant city and its surrounding areas. Having property available at a cost that is reasonable has been and will be a factor of concern in our real estate market. We haven’t seen the proverbial price ceiling yet, and though it has slowed, we will always need to keep in mind housing that everyone can afford.
I don’t have the answers, but we seem to be in a catch-22 situation with property valuations and taxes that are driven by those valuations, keeping potential homeowners from purchasing affordable housing.
I feel for those who have dreams of coming to Central Texas to live, only to face disappointment in this market. I see a buyer’s frustration too many times in the reality of their choices for home purchase. I sure hope those who can make a difference in the future of our Central Texas market take heed of this message and remember affordability has to become a reality for the betterment of our state. RL