Grant Cardone Says Austin Real Estate Market Correction Presents '10x Opportunity' For Investors [Yahoo! Finance]
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In an April 30 post on X , Cardone said the city faces an oversupply challenge, with 18.9% of apartments either under construction or in the lease-up phase. "The real estate correction is underway, and it will create a 10x opportunity for long-term investors," Cardone posted. Still, there are pockets of Austin that have demonstrated notable resilience and growth. Lake Travis and far North Austin, for example, experienced a 20 basis-point increase, reaching 95.8% occupancy — the highest in the market. Don't Miss: Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100. Want To Grow Your Wealth Passively? Unlock Real Wealth with Cityfunds' Exclusive 8% Yield Fund In November, Cardone told Moneywise he wouldn't touch the Austin real estate market because of the glut of available apartments. "Austin, Texas, is one of the worst markets to be in right now," he said at
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