The fact that Austin is being discussed vigorously in Bay Area RE forum tells a lot.
How big are these campuses in relation to the Apple Park (the spaceship ) in Cupertino that is meant to hold 15000 people.
You do not need big campuses and this many campuses just to do sales and support. Something else is cooking. What is it?
Do you know how big these campuses are and what kind of work will be performed here?
The technology companies are only concentrated in a few cities. Besides SV, those are Seattle, Boston, Austin, Chandler etc. Nashville is another emerging location but not for technology business. I know someone who sold lot of bay area real estate to buy in Nashville. What is there in Tennessee anyway that is attracting so much attention?
NYC, North Carolina, Dallas, Houston, Chicago. Pittsburgh. Plenty of cities that have some tech. Sacramento is as big as Austin and has Intel and other big tech companies. If tech gets decentralized it will go everywhere
ZIP code 78758, tucked between MoPac Expressway and I-35 in North Austin, has seen the second-biggest jump in home prices in the past decade: a 117% increase. It was the only other Austin ZIP code to see the median home price double from 2009 to 2019.
78727 and 78759 are adjacent to 78758, double shortly after too
Sacramento is the capital of the 7th largest economy of the world (pun intended), the nation-state, if you will. Sacramento suffers from some of the same ills that Silicon Valley does. A friend of mine once suggested prison is the best place to live - they give you free food, free housing, and free healthcare - if you can somehow live with the people around you, the other inmates. So, when a company leaves a place where it is normally supposed to be located, lot of factors come into play, and political climate is a very important one of them.
Political climates change. Houston has a lesbian mayor. Austin is a blue area in a red state. Texas was a Democratic stronghold in the past. I bet it becomes a blue state soon. Too many Californians moving there.
You got it totally backward, just like all the SV haters here.
Think why companies choose to start and locate here despite all the negativities people keep citing. Are these billionaires stupid? Or there are some positive benefits you haters either don’t understand or choose to ignore?
You can look at it this way. Living in Bay Area is like buying a call option on myself. It’s a small price and I can afford the option price. Payoff could be huge and I enjoy living here. Why the heck not?
When I was young and penny less I lived anywhere I wanted. How come now that I have some money to my name I have to penny pinch and subject myself to Texas? Doesn’t compute.
While waiting for the official words from the Spaceman, scout the neighborhoods of nearby Round Rock and Hutto , and check out the blogosphere and property webs.
Did some back of envelope computation, while the cap rates of Hutto, Round Rock and Pflugerville (didn’t scout since already have some rentals there) are pretty good (but far cry from the 1% rule), the appreciation is lower than 78717, 78727 and 78613 where I have rentals. So buying there now is to bet for Elon to confirm the location, otherwise would be stuck with high cap rate low appreciation rentals.