Austin MSA vs SFBA and TX vs CA

[caiguycaiguy]

Finally someone trying to do actual real estate investing here.

Hope to hear your findings.

[hanera]

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@REInv

Yes, came here to explore investment opportunities after hearing all chatter about RE crash here.

Commercial or multi-family or SFHs?

From my experience so far, I regret investing in City of Austin/ Travis County. Williamson County in Austin MSA or Katy of Houston is better.

[caiguycaiguy]

@hanera will literally talk about each of stock holdings hour by hour than discuss his REs and what’s going on there.

[hanera]

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@caiguycaiguy

@hanera will literally talk about each of stock holdings hour by hour than discuss his REs and what’s going on there.

RE moves very slowly, nothing much to talk about. Is the same thing, I don’t feel much have changed.

[REInv]

@hanera

Commercial or multi-family or SFHs

Only residentials.

[hanera]

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@REInv

Only residentials.

For SFHs in Austin MSA, is better to invest in newly gentrification areas, less than 10 years old SFHs. Higher rental yield and appreciation. I have no idea of the multi-family market.

[caiguycaiguy]

@hanera

I don’t feel much have changed.

You have time and I have time.
I can watch your paint dry. What color was it?

[caiguycaiguy]

Why do you guys choose SFH only? Your PM is outsourced and you guys have the capital. Why not go multi or other asset class and scale more?

[manch]

@hanera

Natural beauty and weather mean shit

True for people like you who only vacation in Costco.

Just came back from a steam train ride in the Berkeley hills and then strolled around the Berkeley campus. Tons of young people, sunny and lively. A bit warm at 75 though.

[caiguycaiguy]

I work in Berkeley. Don’t look for the random Chinese guy among all the Latino cooks.

[manch]

@REInv

Overall I think Austin is overrated. I feel bad for people who are forced to leave nicer places and live here. It really feels like downgrading from Rolls Royce to Corolla.

It’s mostly for people lacking in money I think. Or those folks whose only interest in life is to count and save every penny.

Bay Area and SF in particular are expensive precisely because they are desirable. Thought that was Econ 101 but apparently hard for many folks on here.

[manch]

@caiguycaiguy

I work in Berkeley. Don’t look for the random Chinese guy among all the Latino cooks.

Had dinner at a tiny Thai joint called Little Plearn. Didn’t check the kitchen.

[hanera]

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@manch

True for people like you who only vacation in Costco.

Just came back from a steam train ride in the Berkeley hills and then strolled around the Berkeley campus. Tons of young people, sunny and lively. A bit warm at 75 though.

Half ass quote. Quote out of context. Follow the drift of the conversation Don’t jump in like a cowboy whipping out your … and then spraying everywhere…

@hanera

Policies trump weather and scenery in determining the desirability of a place. If @manch doesn’t agree with this, my toes will be laughing.

[manch]

@REInv

First It’s an oven. Then it’s Run down, filthy, poor infrastructure, no character, ugly, concrete jungle.

[caiguycaiguy]

Someone has be on the other side. @manch is just playing his market-making role.
If we all agree to on SF, then there’s no back and forth.

He’s the hero we need.

[hanera]

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@manch

It’s mostly for people lacking in money I think.

Elon Musk is poor?

[manch]

@caiguycaiguy

@manch is just playing his market-making role.

Tell me you majored in finance without telling me you majored in finance.

[manch]

@hanera

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@manch

It’s mostly for people lacking in money I think.

Elon Musk is poor?

I gave you a second option didn’t I?

[caiguycaiguy]

Still got a B in Econ tho (even after I cheated).

Why can’t I be those hard working Asians?

[hanera]

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@caiguycaiguy

Someone has be on the other side. @manch is just playing his market-making role.
If we all agree to on SF, then there’s no back and forth.

He’s the hero we need.

Do you really think I am serious? Quite often, I want to see how he reasons and always enjoy when he is pushed into a corner and make foolish comments. Every place has its unique quality and attraction.