That is very likely.
Does Austin allow unfettered construction? At least outside the city limit around the suburbs? Still house prices shot up. Same deal with Phoenix and most of the inland West cities.
Wasnât the standard 15-year mortgage back then too? I think the 30-year mortgage came about in the 70âs to âhelp people afford buying a home.â It didnât budget ownership rate and just caused homes to be bid up in price, since people could afford the payments. It didnât help home buyers at all.
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Regardless, the home is a big collateral and safety against the lending risk if the down-payment is good (like 20%) and the borrower can earn enough to make the payments.
I think it was 20 year mortgages in 1960
But homeownership rates havenât changed much
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the difference is EVERYONE has been remote, if some people remote and others in office, the meetings are way less functional/effective. I already tried to call into my department meeting where I was the only one remote and everyone else in the room and I could barely participate/follow along. If the whole team stayed remote yes I agree they are productive but otherwise no,
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Remote meetings were hit or miss at the start. Iâm sure people will adapt pretty quickly. I feel remote meeting etiquette is better than in-person. I am wondering in gong will catch on. Itâs a startup that makes a zoom plug-in. It measures all sorts of data on meetings: how much time each person spends speaking, interruptions, filler words, repetitive, consecutive minutes speaking, etc. It provides some pretty cool feedback.
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This is very true. That is why I am trying to go into the office for any meeting where a physical conference room is specified in the invitation. If it is only a Zoom/Teams meeting, then take it from off site
One can multi-task (like post a reply on realestateforums) during remote meetings.
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Yeah, no one has ever used the internet from their desk at the office,.
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In May, CEO Sundar Pichai announced plans for 20% of the company to permanently work remotely. The company said another 20% of employees could work from a Google office other than their normally assigned one if they wanted to. The other 60% would be working from their normal office campus a few days a week.
RE price in 7x7 (not SFBA, not Bay Area, not SF MSA, definitely not SB) wonât recover (f⌠the formal definition) to ATH for a long long long time.
Care to define âlong long long timeâ so we can keep track of your prediction?
I am not silly to give you a concrete prediction. Qualitative prediction is good 
whatever happen, I adjust the definition to win
To give you a hand, this is the Zillow home price index for SF the city:
All time high was in April 2020, at 1.48M. We are now at 1.46M, and on an uptrend.
SF vs Austin, city vs city. No more suburb cherry picking.
At the start of the data series in Jun 2011, SF was at 723K and Austin 229K: 3.16X. Right now SF is at 1.46M and Austin at 540K: 2.7X. So the gap has sightly narrowed, congratulations. But there is a long, long way to go before Austin catches up. I bet it will never do.
Yes, Austin will never catch up to SF, because it is the follower not the leader. Austin benefits from the spillover from SF, not vice-versa. So, if Austin RE prices ever approach SF, itâs a bubble that will quickly burst; OR people will realize that SF homes are available at a bargain and hence SF prices will increase.
Either way, in the long term, SF prices are likely to be more than 2x Austin prices.
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Hey donât 
on @manch bet. From 2.7 to 2 
10 years is a long time 
Only 7 days so far.
No need to be nice. That is not the bet. The bet is next 10 years from 7 days ago.
Dude, you are an interesting person. Did not silicon valley benefit from the spillovers of Technology and computer companies/activites from Texas and North East?
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I meant Austin area real estate prices benefit (I.e., rise) because of the people spilling over to Austin from the more expensive SF Bay Area