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A comment on Tesla’s headquarters will move to Austin. Parent comment

Re:Tesla’s headquarters will move to Austin by fossuser on Thursday October 07, 2021 @09:19PM (#28794530)
It's not even close - a crappy house on the peninsula is 1.7M, with the median closer to 2.5-3M.

I mean, look at this: https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/hom...

I think Austin is better about building too, meanwhile in the Bay Area they just rejected units desperately needed in the tenderloin because they might become a "tech dorm".

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Re:Tesla’s headquarters will move to Austin by ijidak on Thursday October 07, 2021 @09:27PM (#28794600)
> https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/hom...

Wow. That is unreal.

Yeah, no region in almost any region of America comes close to Bay Area prices.

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Re:Tesla’s headquarters will move to Austin by rcpt on Thursday October 07, 2021 @10:37PM (#28795111)
Scroll to the bottom to "tax history" to see how this can be. Despite the value of the house going to the moon the previous owner was just sitting on a decade old assessment with no pressure to sell.
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Re:Tesla’s headquarters will move to Austin by Matthias247 on Friday October 08, 2021 @01:16AM (#28795983)
Vancouver BC might be in the same range now, where things like this show up for 2M CAD. And the conversion rate won't make up for the differences in salaries
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Re:Tesla’s headquarters will move to Austin by kelnos on Thursday October 07, 2021 @11:40PM (#28795490)
I don't think Palo Alto is a great comparison; it's a mixed new/old-money city where a lot of rich people live (with the ultra-rich next door in Menlo Park and Atherton). Compare Austin to something like Fremont, San Jose, or perhaps San Mateo. Sure, those will still be more expensive than Austin, but that $1.7M number is pretty realistic for a nice house in those other cities.
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Re:Tesla’s headquarters will move to Austin by fossuser on Friday October 08, 2021 @07:39AM (#28798094)
You can find a house for 1.7M in San Mateo if you’re lucky but it will still be small and old.

What you get for that in Austin is in a different league.

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Re:Tesla’s headquarters will move to Austin by winkeyless on Thursday October 07, 2021 @09:58PM (#28794847)
Yeah, Palo Alto is extraordinarily NIMBY.

A suburban area with single family houses + high paying jobs = exclusionary house prices

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