Elon Musk Pleas for More Housing in Austin

Elon Musk, the CEO of SpaceX and Tesla, recently issued an urgent plea for the construction of more housing in the Austin Metropolitan Area. Tesla recently opened a new Gigafactory 11-miles east of Downtown Austin, and Musk anticipates hiring 10,000-plus employees by 2022.

Austin is undergoing rapid growth driven by an influx of jobs, companies, and people from all around the country. The city is quickly becoming one of the hottest housing markets in the U.S., and housing inventory can’t keep up. In 2021, there is only 0.9 months of supply in the Austin real estate market at any given time, and listings typically only last on the market for 29 days on average. 

It is also becoming increasingly difficult for individuals to invest in Austin real estate. Listings often sell for thousands of dollars over the asking price. It can be challenging to be a competitive buyer without preparing all-cash offers and participating in time-consuming bidding wars.

As Austin’s population trends upward, the housing shortage continues to be a point of concern. As people and companies continue to flock to the city, the housing shortage will only worsen.

Elon Musk took to Twitter to issue to issue an urgent plea for the construction of more housing in Austin:

 

Now is the perfect time to invest in Ark7’s Austin properties. Our Austin S1, S2, and S3 properties are all located in hot areas and are expected to appreciate tremendously.

We will be there every step of the way to ensure that the investment process is hassle-free. Create an account at Ark7 today, and head over to the marketplace to explore our exciting Austin S1, S2, and S3 properties.

Check us out on social media

Stay up to date on the latest updates by following us on social media.

Join our Slack  channel

Join Today

Leave a Comment

Your email address will not be published. Required fields are marked *