Wow. Now that Tesla is a Californian company again I will stop swearing at it.
Texas for the low end manual jobs and California for the high end brainy ones.
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Austin = Oakland???
Avoid any city run by democrats such as SF and Austin DT. What you get are homeless, drug addicts, lawless and traffic jam.
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…and lines at the gas station.
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Means people have jobs and value their time, instead of sitting at home all day and timing their visits to gas stations at odd hours.
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Read properly…
“We’re excited to announce that Tesla’s global engineering headquarters will be right here, the former headquarters of Hewlett-Packard,” Musk said while speaking at the new HQ location in Palo Alto.
Just a R&D branch, calling it engineering HQ to get tax benefits from Newsom. He had sold CA soul to Musk. Didn’t announce any employment, could be just moving disparate teams into one central location. Corporate HQ remains in Austin.
R&D headquarters. I thought you like to be careful with words.
Texas is OK with cheap manual labor. To get good engineering talents Elon knows where he must go to get them.
Is a R&D branch. Calling it HQ to get tax credits from Newsom. CA is played. Just moving teams in disparate locations already in SB to one physical location, call it engineering HQ, and get tax credits.
Headquarters is Elon’s word, not mine. You have a problem with that you take it to him.
You don’t really need to rely on Elon to know Austin is 3rd rate in engineering talents. VC funding in AI startups is only 1/40 of SV. That’s real money talking.
Somebody needs to be good with cheap manual labor. Somebody needs to be good with the brains. Providing cheap labor can be good for Texas’ economy.
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Newsom and Californians are easy to be played. Brainless nerds 
What tax credits? You have a link?
These three cities saw the biggest home value declines in the second half of 2022 , according to Redfin:
- San Francisco (-6.7%)
- Oakland (-4.5%)
- San Jose (-3.2%)
Only three other metropolitan areas saw year-over-year declines:
- New York City (-1%)
- Seattle (-.4%)
- Boise, Idaho (-.3%)
But not every city saw declines. Midsize towns in the South — mostly in Florida — saw double-digit home increases, according to Redfin. Those metro areas include:
- Miami (+19.7%)
- North Port-Sarasota, Florida (+17.8%)
- Knoxville, Tennessee (+17.7%)
- Charleston, South Carolina (+17.4%)
- Lakeland, Florida (+16.9%)
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Where is the 50% drop predicted by Reinv?
Prices across the five core Bay Area counties are down between about
- 5% and 10% compared to this time last year,
- and around 25% to 35% under their all-time high in May.
Not supported by facts. An actual all time high in May 22 is mythical anyway. How many houses actually sold at that price.? Basically none.
It’s probably best to look at individual Zillow house price charts. Because averages are affected by the type of houses sold. Higher end homes are selling less often now… so their prices will drop more than the low end.
My RWC house sold in 2015 almost doubled to May 2022. And has dropped less than 20% on the Zillow charts.
The few people that bought last spring could be hurt if forced to sell. The other 99.9% have nothing to worry about.
If you can find a house 35-50% off buy it.
Where are you pulling your facts out of?
Look at your house on Zillow. How does your house compare to the stats you quote. This is a period of uncertainty. Too many different statistics out there. You can pick any position you want by changing the timeline.
Are you serious? Any given day there are 10s to 100s of sales in Bay Area. Age related Mental decline?
Based on California Association of Realtors. Many other sources agree.
In housing bust 1 median prices in Bay Area plunged by 21% in first 10 months. In housing bust 2, median prices are down by 35% in first 10 months. This bust can easily reach 60% or 70% plunge over next couple years as layoffs and interest rate keep rising.