[ILUVSAT]

Yeah. What does an individual who claims to be located in L.A. know about Austin - or Texas in general?

I get annoyed by those who assume that if it's bad in California or New York that it is going to be bad everywhere.

The last time the country saw a CRE/RRE "bubble" burst was about 14-15 years ago. Austin (and Texas) faired pretty well through that one. In fact, one of the major reasons RE growth "slowed" in Austin (and Texas) during that time was the Feds stepping in and throwing a huge blanket over everyone. It was frustrating for many banks and other investment institutions in Texas - who saw the continued demand but were not able to help the supply.

Southern sunbelt states will fair pretty well through this...as migration is still steaming along (both private and corporate).