So far only removing lot premium. I want to see cutting their profit type of price reduction.
Home-Flipper Opendoor Hit With Losses in Echo of Zillow Collapse
Company lost money on 42% of its August resales after it failed to anticipate slide in housing demand.
I thought it was a tech company?
OpenDoor is offering many houses at more than 20% price drop from initial asking price. I didnât place any offers, I want more price decline 
Taking the same position as @Elt1 , I want my 50% price cuts 
. Given current mortgage rate, prices should have decline 30-40%, yet most asking is about 10-12% decline from ATH.
How long we have to wait to get those deals? EoY 2022, Q1 or Q2 2023 or EOY 2023.
If didnât happen by end Q1, I would buy at least one. I plan to buy 2-3 
May by life long until Next 2008 !
If you donât mind sharing, are you planning to buy in Austin or Bay Area or some other place? Austin is in a clear bubble and Bay Area is actually looking more attractive now, and specially if prices drop further by 30-40%. It has already dropped by 10-20% and 30% in some areas in Bay AreaâŚ
No way he will buy in CA. lol
If you use price/ median salary of residents but ok if use price/ salary of incoming migrants. Migrants still coming in non-stop.
I heard otherwise. But now that winter is coming I see many folks move to Texas from CA. In this case I wonder whether prices in Austin will drop by 30-40%. Prices are dictated largely by movement and population trends which drive the supply and demand. If people continue to move from CA to Austin, CA will continue to decline but not Austin.
Monitor and respond accordingly. Can expect certain events but is ok if didnât happen. Plan of action should cater to both scenarios.
Heard from where? I am the boots on the ground.
Austin metro is in secular growth . I was there for vacation for a week. I can totally see the appeal as a Bay Area person.
Lots of good food everywhere. Great lively bars/nightlife. Thereâre way more white people and not many Asians (at least at all the spots I went to) compared to Bay. But it was all good. Definitely need more artisanal coffee places though . A few homeless but if youâre used to SF and Bay Area, then itâs day and night. Construction everywhere, love it.
Austin when youâre young and single, then northern suburbs when youâre ready to settle down.
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Good. You know the difference between Austin and N/NW suburbs. Huge difference.
YouTube Gurus like Reventure Consulting.
Liberty Hill friend already started hating TX. Heâs trying to get a DL but they have asked him to wait for 3 months. He says itâs to suppress votes for mid term elections since itâs the only ID accepted. His wife is already getting bored 
But Iâll still be East Bay 
forever.
He lives in Dallas, not Austin.