Hmmm, this is a joke of 2021 ! Having primary 3500+ sqft mansion at Austin, you will never move to CU or SG !
If you really see appreciation and cash flow, you should sell both CU and SG and take 1031 exchange. Even after 15 year from now, you and I will be in this blog and you will be living at Austin and rest will be rental.
There are plenty of places you can see in bay area where appreciation is exponential and where people missed buying. See here (redfin statistics),
whopping 52% YOY appreciation.
Now, any home less than $750 gets 20+ offers and goes +100k above list price. New home builders are booked more than 300 waiting list and they are not taking any more WL.
Huh? Bay Area is nowhere near Cosmopolitan than Singapore. You can eat nice food of any ethnic groups (not just Asians), night joints, world class shopping centers (NY standard+, SFBA is ), plenty of parks (yes, walking and jogging types), …). Singapore can travel to many beautiful places (beaches, ski resorts, mountain sceneries, men friendly places, historical sites, .) within few hours of flight. SFBA is for most things except weather.
1700-2100 sqft single story SFH is good enough a couple
Huh? Invest in RE for one year only? C’mon. Use annualized return over 7+ years. Do you know at one time, house prices in Singapore double per year for a few years?
You call Elon and Larry poor? How much do you have?
The people leaving are still well above median income for the state. There’s a reason California population exploded since 1970 but the number of income tax payers hasn’t increased. Some people will argue that’s sustainable, and the state can keep increasing rates on the richest.
My statement is still correct. The people leaving are above the median. The math of losing people above the median income threshold is bad. You said it’s the relatively poor who are leaving. They are actually above median income.
Let’s say we have billionaires like Elon Musk who left California in the samples. His presence would drive up the average much more in a smaller sample, the Leavers. So if you compare the medians you would see the median of people who left is lower than the average, to a larger extent than the sample of Californians as a whole.
I get it. Everything is always bullish or bay area housing prices. They only go up and up and up. Losers leave and they replaced by winners.
The number of people who actually pay income tax is a political point and not a fact. Got it. I guess the top 1% paying 50% of the income taxes isn’t a fact either.
I think it is nationwide. Low inventory low interest rates. It is the only thing you can spend money on. No vacations no restaurants concerts sports. Plus the government is giving out trillions of free money. Meanwhile everyone on this supposed RE forum is literally dumping money in the stock market.
New to SV? During white hot, house sold before open house and after 1 open house (wise owners want highest price). 50 bids even for crappy house in crappy location. Is that hot yet?
Our neighbor listed as 2.3M and pending as 2.6x now. Basically this house is smaller than mine and someone paid 300k more from list price. Considering mine this one is too high price.
), plenty of parks (yes, walking and jogging types), …). Singapore can travel to many beautiful places (beaches, ski resorts, mountain sceneries, men friendly places, historical sites, .) within few hours of flight. SFBA is 
income divide in California. Who are the ones pulling up the average? Billionaires? Millionaires?
even for crappy house in crappy location. Is that hot yet?