re: Silicon Valley real estate is just stupid

Some people are legit rich millionaires who made tech/VC money and were able to cash in. Some people in Palo Alto have lived there for 30 years and now can cash out. My in-laws bought their house in San Jose for 150k in 1988. They can now sell it for $1.5 million. These people basically won the lottery.

There is another group of people who are house poor. All their money goes into affording a house and they can't afford anything else.

One major issue in the area is that people who are 20s-30s looking to buy are being forced out of the area and moving elsewhere. Literally right now 2 of my friends are moving to Idaho and Sacramento because it is so much more affordable.

Also for the people asking about diversity. Bay Area is a prime example of liberals who preach about diversity and equality for show but when proposals for more affordable and more dense housing come on the ballot, they complain and vote it down.

this is what is ruining Texas. These liberal California pieces of shite sell their ranch style Kennilworth houses for 2.8 million then come to Texas and buy trashy sports cars and live like Propaganda spewing kings

And California wonders why they are where they are.

We worked with a company in San Diego a few years back and there was a sales guy that we liked working with but he wasn’t cutthroat enough for their culture and they let him go. We hired him remote and he did a good job. We tried to get him to move to San Antonio. He put a house that is half as nice as that on the market for 1.5 mm and would have pocketed about 500k from it. I told him he could buy a freaking McMansion for $400k in cash and then just profit if he moved here.

Couldn’t get him to commit and move here full time and he’s still in a house that would sell for 75-80k in Texas.

I’d love it out there.......

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My great aunt bought a house in SF in the mid 40s for something like 25k and sold it for 2-3 million

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I bought my first house for 120k and sold it for 0-1 million 5 yers later. There really are some good opportunities out there if you buy right.

What’s the avg salary in that area?

In Baton Rouge, it's equivalent in say a "Crawford home" would run 240K to 315K if in a swank corridor..and still qualify as ridiculous.

Calexits cash out, then spike Vegas, Den, Nash, Austin, Phoe,etc..housing markets..and turn the states Purple or Blue.

Leftist Locusts

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Actually kind of logical = > amazing career and earning opportunities + beautiful climate + free markets

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How free is the market when your incremental income is taxed at over 50%? Other than that, I agree.