If you have been in downtown Austin within the last 6-12 months, you can’t help but notice the large vacant condos perched above the city. Much debate has been made over how many $400k+ condos the Austin economy can support, however, common sense tells us that the astounding # of vacant units is certainly not a good sign for the future. I continue to be a supporter of the responsible development of these luxury high rises. However, Austin is headed down the wrong path. It goes without saying that you will see more high rise developments in Austin bite the dust within the next year.