[AGL] 301 West Ave. Austin TX 78701

[Fortysomething BadGirls]

If i might chime in, they are really investment properties and nothing
more. No one actually lives in them. There are many in China that stand
vacant for the same reason. Interesting article on these ventures in
Rueters. Dr. Taylor, who has now transferred to University in San Antonio
is an expert in Chinese economics. Chair over Political Science and
Geography. He travels to China several times a year to lecture. He could
tell you more about it.

On Tuesday, July 2, 2019, Michael Eisenstadt <mike.eisenstadt at gmail.com>
wrote:

> I looked up the giant 45+ storey skyscraper on 3d and West Ave in the
> Austin Real Estate Properties database (http://propaccess.traviscad.o
> rg/clientdb/SearchResults.aspx). See also the attached spread sheet about
> the property.
>
> Apparently all the apartments are still owned by 3d and West LP (limited
> partners) and the property assessments are a joke, some as low as $40,000,
> about 1/5 to 1/10th of the appraised value of downtown condo apartments. As
> tax assessments are based on actual prices paid for comparable properties,
> presumably not a one of the apartments has ever been sold. As I said, as
> far as I can see, none of the apartments have residents as is indicated by
> the lack of furniture on any of the 100s of balconies. No lights on at
> night. All windows show drawn curtains. Perhaps the owner(s)' notion is to
> place a store of value offshore from China just in case the SHTF over
> there. If I understood the tax database, the overall value of the building
> is stated to be $3,999,999 which is the bigest joke of all. If that is the
> case, the property tax on the building is derisory and there are no other
> costs than to keep the electricity turned on. As I mentioned, a Chinese
> friend of mine told me it was Chinese money that built it.
>
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