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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (69386)	12/26/2006 11:01:52 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

I think the debt levels out there are 3-5 times higher<g> I get the impression the large MSA's in Texas do all the can to keep the housing bubble in prices from happening there outside of the downtown core. They know the competitive edge now has swifted dramatically in their favor and should be a prime beneficiary for years to come from the excesses along the coasts this decade..

To: Wyätt Gwyön who wrote (69386)	12/26/2006 2:59:36 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

yes Austin is much better than the bay area for real estate investing Wyatt. I think you have made your point. Salaries are almost as high in Austin as the bay area, and there are an equal number of companies. The fact that Austin has so much free land available and is not land locked like Silicon valley is not relevant, Austin is equal in terms of investment potential. Also the fact that Austin property taxes are not capped with a crazy homesteading law like CA that causes nobody to ever sell doesn't matter either. Additionally the fact that the new tech leaders Apple, Google, Riverbed and others are all in silicon valley and not in austin doesn't matter either, Dell will regain its luster one day after sending their entire workforce to india, its just a matter of time.