Austin | 44 East | 573 Feet | 49 Floors | Complete - Page 12

StoOgE · #**221** Posted **Nov 8, 2019, 7:02 PM**

Quote:

Originally Posted by 78701

You can't make money renting out a condo. After depreciation/mortgage interest, property taxes, and HOA dues, the return is negative. The only play here is the price appreciation.

Not only that, I've heard most Air BNBs are not very profitable for the person doing the renting. Revenue can look good, but positive cashflow as a permanent rental unit can be difficult to pull off.

Garage apartment rentals or incidental income while out of town are obviously different, but in 2019 I don't think most people trust Air BNBers in their actual home. I did it one time when the service was new because I was out of town during SXSW and my neighbor said we had at least 20 people flopped in the house and while they didn't break anything, it was really disgusting when we came home.

Jdawgboy · #**222** Posted **Nov 8, 2019, 7:07 PM**

Quote:

Originally Posted by Austin1971

Can anyone confirm whether or not demo has begun?

Couldn't tell at least from I35. Could see the crane base at Nativo though.

urbancore · #**223** Posted **Nov 8, 2019, 7:44 PM**

Quote:

Originally Posted by Austin1971

Can anyone confirm whether or not demo has begun?

I drove by yesterday, nada.

Jdawgboy · #**224** Posted **Nov 14, 2019, 4:33 PM**

Just overheard an supporter advertisement on NPR from 44 East. Said now under construction.... Well if you call an empty building that still needs to be demolished then I'd say they are on track lol.

urbancore · #**225** Posted **Nov 15, 2019, 10:55 PM**

Drove by an couple hours ago. Demo has begun of the smaller building on the property. Lots of activity.

Austin1971 · #**226** Posted **Nov 18, 2019, 6:02 PM**

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Jdawgboy · #**227** Posted **Nov 18, 2019, 9:37 PM**

awesome, It's getting exciting. We have become crane city once again!

urbancore · #**228** Posted **Nov 21, 2019, 6:13 PM**

Full blown demo now. I’ll bet building is gone by weekend. They are moving quickly

The ATX · #**229** Posted **Nov 22, 2019, 3:14 PM**

I went by this morning and there is a lot of stuff going on that little section of East Ave. with 44 East and Natiivo.

zrx299 · #**230** Posted **Nov 24, 2019, 11:56 PM**

11/24/2019

The ATX · #**231** Posted **Nov 25, 2019, 12:42 AM**

That's a nice two for one photo.

ATX Born · #**232** Posted **Nov 27, 2019, 8:55 PM**

11/27/19 - Not much action. Crane is on 48 East site.

corvairkeith · #**233** Posted **Dec 14, 2019, 12:31 AM**

KevinFromTexas · #**234** Posted **Dec 14, 2019, 1:01 AM**

EDIT: Nevermind, the construction I'm seeing is Natiivo, not 44 East.

AusTex · #**235** Posted **Dec 15, 2019, 5:27 PM**

Quote:

Originally Posted by KevinFromTexas

EDIT: Nevermind, the construction I'm seeing is Natiivo, not 44 East.

If you are getting confused, there is no hope for me. The number of projects in Austin now is just amazing.

enragedcamel · #**236** Posted **Dec 16, 2019, 4:17 AM**

Too bad there isn't anything over 1000 ft.

I'm worried that if we don't get that during this boom, we'll have to wait another 20 years for some actually tall buildings.

clubtokyo · #**237** Posted **Dec 16, 2019, 4:26 AM**

Considering the size of our city I think everything we are getting is pretty impressive. 1000ft+ towers to me require a lot of investment and I can’t think of one a in a city our size?

zrx299 · #**238** Posted **Dec 16, 2019, 4:13 PM**

It might take some kind of tourist observation tower to punch through that "psychological" architecture barrier in Austin.

Geckos_Rule · #**239** Posted **Dec 17, 2019, 3:51 PM**

Quote:

Originally Posted by clubtokyo

Considering the size of our city I think everything we are getting is pretty impressive. 1000ft+ towers to me require a lot of investment and I can’t think of one a in a city our size?

Charlotte, OKC, and Seattle all have buildings close-ish to 1000'. But beyond that, the closest city with an actual 1000' tower is SF and Miami, which are both quite a bit bigger metropolitan areas.

clubtokyo · #**240** Posted **Dec 17, 2019, 4:02 PM**

Quote:

Originally Posted by Geckos_Rule

Charlotte, OKC, and Seattle all have buildings close-ish to 1000'. But beyond that, the closest city with an actual 1000' tower is SF and Miami, which are both quite a bit bigger metropolitan areas.

Yeah I was aware of those. If 6x completes at 848 were in the same categories as those close-ish cities. So we are doing fine in my opinion.