Referring to apartments 
Good 
“Even with the impact to home sales, homes still spent less time on the market and sold at higher prices than last April. Austin’s housing demand is undeterred, and possibly strengthened by declining inventory.”
Price is truth 
Demand > inventory 
After 8.5 years, coincidentally SFH price in both Cupertino (95014) and Austin (78727) double. However, price in CU is trending down while price in Austin is trending up. Unless trend change, a RE investor in Austin would be getting better return from now.
However, (from Jan 2012 to now) the return of the RE primary house buyer (in both Austin and Cupertino) with 20% down would be less than a renter who put the downpayment in AAPL utilizing 30% margin (@wuqijun good practice) to buy 30% more AAPLs. This comparison underestimates renter gain since rent in CU is less than monthly mortgage, no expenses on general repairs, maintenance and appliance replacement, and AAPL dividends.
However, both Primary house owner and renter have better return than an investor of NASDAQ and S&P index.
Austin Texas Real Estate Trends 2020
Austin was tagged as the top market to watch in 2020 based on overall prospects, such as development and investment opportunities.
Home values in areas right outside of Austin, such as Round Rock and Pflugerville, are expected to go up more than 7%.
while house prices in 7x7 continue to decline despite the sheer number of startups.
The state did not give Tesla any additional financial incentives, Abbott spokesman John Wittman said.
https://www.mysanantonio.com/news/article/Tesla-picks-Texas-site-for-second-US-vehicle-15427039.php
What are the “premier” suburbs of Austin? How would you classify each suburb?
One guy’s view. If you’re working in tech, the most suitable “top notch” is NW Hills especially if you are a Jew and loves winding roads/ hilly neighborhoods. The rest, commuting is 
Yet another view,
Something for @Boolean
Westlake getting hammered with charges of racism (school, suburb)
“we’re rich, we’re white, we’re Westlake”
So not suitable for you.
Austin was again a hot seller’s real estate market.
Almost bought this house back in 2015, on the market for 1 day and decent appreciation for 5 yr. Not bad.
https://www.redfin.com/TX/Pflugerville/2745-Kickapoo-Cavern-Dr-78660/home/31025696
How much appreciation?
28.75% on price for 5 years, so came down to 5.75% per year. That was somewhat of my expectation for Austin compared to other mid-west. To contrast, I bought my Milpitas house a month earlier than this house in 2015 and sold last year with 65% appreciation on the price and 14% per year.
That’s for Pflugerville 78660. Nearer to Domain e.g. 78759 and 78727 is 7-8% p.a.
You sold your Milipitas house at the right time, my CU SFH bought in 2011 has only 8% p.a. according to Zillow - was 13% p.a. before the peak in 2018.
For comparison, average annual return of AAPL since 1997 (return of late SJ) is 27-30% depending on when you bought - didn’t include dividends.
If the peak is in 2018, how can I be sold at the right time? But probably the same price even if I sell this yr.
Stock is better than real estate? 
That’s pretty weak sauce. Property tax is over 2% a year? That shaves more than 10% off the gain right off the bat.
Peak doesn’t always follow by sharp decline. Could be sideways. So selling before too much decline or a sharp drop is right time. Doubt you can sell at this price now, what did Zillow/ Redfin say? Anyhoo Milipitas might follow a slightly different trajectory than CU.
Double accounting. @jil agree? Now I doubt his financial competency 
Austin refers to city of Austin. In Cedar Park, Asian population triple that of Black.
Steady stream of Asian techies coming over to Austin has pushed up the median income of Asians to first place.
Can’t come until there is decent dim sum and Hong Kong style cafe food. Let me know if you find good baked pork chop rice in Austin.
No more real estate , still firm on that subject!
Jeffrey Gundlach Tells Realtors in Low-Tax States to ‘Give Me a Call’
In a series of tweets, sent late Saturday on the West Coast, the billionaire investor said that public figures including Elon Musk “are leaving California to escape incompetent governance.”
While millionaires like @Jil is not interested, billionaire Gundlach is most welcome
