The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: bentway who wrote (69337)	12/25/2006 12:20:31 AM
From: Lizzie Tudor	Read Replies (1) of 306849

I think Austin has a high quality of life, probably higher than the bay area. I just don't think its as easy to get rich in Austin. When I went to Dell in the late 90s I was absolutely floored at the low pay. Dell was paying professionals 35-45K per year all over the place. In the bay area salaries for these same folks were over 100K. Also Dell was stingy with stock options compared to say, Cisco, because there were more bodies, supply and demand. Just not as much money, which of course adds to the quality of life, because artists and others can actually afford to live there. The discussions about how expensive housing has gotten in other areas like Chicago who historically have not had extreme housing prices is what makes me think SV is not all that overpriced right now. These discussions remind me of people that gripe about NYC real estate. Comparing Austin to the bay area won't work, Austin is not a worldwide metropolitan hub.

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