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AugustWest7120 t1_j057g4v wrote

You’ll save some money on taxes but holy shit did the taxes for property ownership go up. 30% or something wild - so don’t own, unless you can.

Rents are going to go up, no doubt. Get it now if you want to do it.

The area is really nice. Laid back and some streets w cool bars and restaurants. I like leaving the rat race after work, so I like it.

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JeromePowellAdmirer t1_j05j3yx wrote

FWIW rents at the Beacon have gone down even after the property tax increase became known. Though they were way overpriced over the summer, at one point the cheapest unit was just over 2k, now it's more like just over 1500.

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AugustWest7120 t1_j05jxfw wrote

I was gonna add that the lux buildings may see slight reductions because of the taxes

  • not huge, but definitely a drop.
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