Rent everywhere is increasing gradually
In Austin, prices are decreasing too, except those neighborhoods bathe in Apple effect.
Run the numbers.
Need 90% down in SJ to achieve cash flow neutral.
In Austin, despite the higher property tax rate, “high” insurance rate, property management and HOA, only need 30% down to be cashflow neutral. NW Austin and suburbs are appreciating at 5-7% p.a. despite Trump antics because tech and medical companies are expanding there. Recall @BAGB posted a graph that show Austin is the tortoise to SJ hare.