Last May, Mr. McMullen purchased a San Francisco home for $1.9 million; he said the property was an investment. In Austin, where his wife has family, he also bought a home, which Zillow lists as sold for $620,000. It is in a rapidly growing neighborhood where small ranch-style homes are being replaced with multistory condos, packed two per lot.
This guy put 3x the money to work in SF RE than Austin. Are we sure he’s bearish on SF?
Too many rentals in SF, rent would be depressed, he is betting on appreciation, better pray daily for no rent control.
The dam has cracked, matter of time before the inevitable.
Recognize the early symptoms and take the appropriate response. By the time is obvious to many, no easy 
Lol, yes having zero life outside of work is the real sign of success.
@manch is being hypocritical. He touts the burned out lifestyle as being successful yet he is a stay-at-home dad.
I am just being realistic. Most startups die out. They are not places to nitpick about work life balances. If you want that you should get a government job or work for dinosaurs like IBM. Nothing wrong with that.
Most startups die because of reasons like a bad product or bad business model or market realities turning out to be different from that thought by the promoters. A failed business model is still a failed business model, even if you work 48 hours a day or spend gazillion of dollars of investors money.
This may turn out to be a piece of good news for California Residents. I hope this will end the trend of building 5000 homes on one acre lot, 7 families living in some single-family home, crowding and narrowing streets, disappearing parking lots, decaying governance, and detachment of ruling elites from masses.
Trump’s SALT Cap Fuels a Wealth Exodus From California to Texas
“Tax the rich, tax the rich, tax the rich. We did. Now, God forbid the rich leave,”
But we’ll tax our way to utopia 
The main reasons Californians cited for wanting to leave: high housing costs (71%), taxes (58%) and the state’s political culture (46%).
Some said they would miss California’s beaches, or the breezes.
Are there beaches in South Bay. The article is about LA to Dallas.
The state’s political culture (46%) is the cause of the high housing costs (71%) and taxes (58%). High housing cost is nothing but the income issue.
That is why you need to fix the state’s politics that in turn arise from the “California Values”
Businesses are moving out of California in rising numbers, complaining about high taxes, urban ills — and that no one seems to care. Texas is benefiting.
Losers leave. Winners stay. 
Time for me to go then.
Austin, Texas, is expected to be the nation’s hottest housing market this year and the Bay Area the coolest,
https://www.sfchronicle.com/business/article/Bay-Area-will-be-nation-s-coolest-housing-14945286.php
We should stop following home prices and start following rents. Rents are true indicator of housing demand.
There is a saying in HR world. Turnover results in deadwood staying behind.
Can you make your own decision? There is a blogger who talk loudly but his wife is the one calling the shot 
Is true for a neighborhood with large number of renters. Is it still true in a neighborhood with high owner-occupied residences?
Even if there are not many renters living in a neighborhood, a prospective buyer into that neighborhood has option of not buying and renting somewhere else if rent multiplier does not work in the buyers favor.
What happen if the renter die-die want to stay in PA to rub shoulder with CEOs and top executives of SV? Excuse is good school and nice environment.