My bank here does it for free - even for folk who don’t have an account there. They figure it’s good advertising.
Chase used to do it for free. Now they will only notarize bank statements or related documents.
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Texas gained more jobs than any other state in the previous decade from businesses relocating from other parts of the country, according to a report published Friday by the Federal Reserve Bank of Dallas.
Research from the Federal Reserve Bank of Dallas found that attractive economic fundamentals — like low taxes, low regulations, a growing population, a relatively lower cost of living and less union activity — are far more important than incentive packages when businesses make location and expansion decisions. “A survey of such studies found that for at least 75 percent of incentivized firms, the firm would have made a similar location, expansion or retention decision absent the incentive,” the report said.
California was the largest net exporter of jobs nationally, with Texas being a favored destination for businesses leaving that state. Others included Louisiana, New Jersey and Oklahoma.
Federal Reserve Bank senior economist Pia Orrenius said the report’s findings were similar to those of a previous one and that she believes the trend will continue in coming years.
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$90trillion in wealth transfer. Just like in the 70s this will be a huge social and economic change in America. I am sure Newsom and the progressives are licking there chops on taxing the hell out all that money…
…to be wasted trying to fight “climate change.”
Maybe the Boomers will look at that and just leave it all to conservative institutions like Hillsdale College or the Heritage Foundation.
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The corrected data show that the state added just 50,000 jobs between September 2022 and September 2023.
CA Tax Dollars at work
Btw the Budget deficit is actually $73B and not $37B
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jobs are back here - this is why we didn’t move to NC. that and the interest rate made it more $$ to buy in NC, so we’d be paying more mortgage than we would be in our current house for less job opps
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Austin has always been a Covid bubble I think. Boring as heck. Even Houston and Dallas are more diverse and interesting.
Conclusion of article.
The CEO of Austin’s Technology Council told the Austin Business Journal in March, “We’re not seeing a lot of pain yet in Austin,” after the journal revealed a list of the largest tech companies in Austin not yet reporting a widespread loss.
If this is a growing trend, it begs the question. What will Austin have to do to remain the darling of the tech world?
Meanwhile early birds (2015) are sitting on pretty good gains wrt SV. Looking at the two charts, I see many info… I will let those good at charts to come to their own conclusion.
The problem with most mainstream media is the articles are written by journalists not good at maths, mostly liberal arts graduates. Surprisingly many STEM graduates believe in these not-good-at-maths liberal arts grads’ articles. No amount of education will teach people how to think clearly and critically.
My Primary in Cedar Park (a suburb of Austin) for reference. For those who didn’t follow Austin RE closely, I have always disliked RE in the city of Austin because this city is run by Democrats. Cedar Park is part of the Williamson county and is run by Republicans. My standing advice is if you want to buy in Austin MSA, buy in Willamson county, don’t buy in the city of Austin/ Travis county.
Please note that ratio current price/ATH is about the same as for SV. In fact, the price behavior almost mirror that in SV.
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A recent sale in Cedar Park… Jun 3, 2024…
This person bought at the peak in 2022, when everyone was singing the praises of Austin, the so-called new Silicon Valley.
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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.
Texas has never bought into the idea that housing should shelter wealth. It should shelter people. There are far fewer restrictions on building to meet demand than in say CA. This might make TX RE a poorer investment but it doesn’t necessarily mean things are declining.
I hate the fact that my house is appreciating. All that is doing is raising my property taxes and making it harder for the community to hire in cops, firefighters, teachers, etc. It also leads to a homogenization of the populace. Loss of diversity. Which is great if you value exclusivity and singularity of point of view. From my POV my net worth can go up while my standard of living, in the broadest sense, goes down.
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