Austin MSA vs SFBA and TX vs CA

[hanera]

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@hanera

Real estate is in secular uptrend. Covid brought about sharp climb and then plunge but didn’t dent the uptrend. In the long run, you should make money. Ofc, if your timing is so shit that you bought during first half of 2022, blame your bad luck. This is especially true if your RE purchases are in Austin. Anyhoo, your sincerely didn’t buy any houses in Austin in 2022, the trend is obvious In fact, those who have bought Austin houses in 2022 are Johnny Come Lately.

Buying in 2022, regardless where, you’re buying at ATH. Blame your bad luck or your foolishness! Is well documented that when prices of asset went parabolic, never chase because end is near, prices would suddenly plunge.

Prices in SV recover fast because of Mag7 especially NVDA and semi. For those uninitiated, there are many semi companies in Austin too. Neighborhoods serving these semi companies are as resilient as in SV. RE is local, local, local
Hint: Lag.
Disclosure: Your sincerely bought a SFH in Leander, TX in early 2024… according to the price chart, might be the bottom i.e. start of a multi-year rally. So far, current price (as indicated by Zillow and Redfin) is higher than my purchase price. Do your own DD and decision.
Advice: Beware of mainstream media and bloggers who can’t think clearly.