He missed the opportunity and now have no-buy remorse. He came to SFBA earlier and most likely more $ than me then but he wastes his time messing around in Redfin and many RE blogs instead doing some actions.
I heard about the Irvine Company but didn’t know much about Mr Bren. He believes in holding property over the long term which also agrees with what I said.
In an interview in 2011, Bren summarized his real estate investment strategy: "What I learned was that when you hold property over the long term, you’re able to create better values and you have something tangible to show for it.
We need to get big mortgages, buy big and hold! Bren bought 10k acres in Southern California many years ago, we need to identify what to buy now. Maybe 10k acres in Austin?
Many RE mogul in Singapore become billionaires using above strategy. In Austin, you can do likewise if you want, buy in Taylor Nearer home and affordable to you (@Jil idea you are not able to afford),