Will home prices in Austin increase faster than home prices in Houston?

Where in Houston?

Where in Austin?

 

Buying a home as an investment in Houston is a complete waste of time. In general, home prices here don't appreciate much because scarcity doesn't come into play.

Are you looking at a specific area or neighborhood? There are exceptions.

 

I don't see Austin stop growing any time soon, especially not in 10 years.

 

Next San Francisco? Did Austin get an awesome ocean and weather I'm not aware of?

 

Times are changing man. The entire winter in Austin was 70-80's during the day and 50's at night. We won't mention the summer though ok.


global warming!!

 

I'm dead serious: Where in Austin? Where in Houston? Where are you looking?

 

In Houston, I'd go east.

You're a day late and a dollar short in Austin proper, but there's stuff to the south and east and north of town.

How close to downtown Austin do you want to be? 30 miles?

 

Yes, it has been the case and probably will continue to be.

DD

 

Oracle building a giant campus in east Austin

 

Not kidding, there are great opportunities in San Antonio.

 

Austin's been one of the fastest growing cities in the country for several years, and job growth continues to be strong. Home prices are rising fast because of all the folks moving to Austin from the West Coast and the Northeast who can buy far more house here (I live in Austin) for less than they sold their previous place for. For the money you're looking to spend, OP, you'll have to be pretty far from Central Austin to afford a decent house (Buck gave some good info), but you'll still be much closer in than you would be if you bought a comparable place in Houston, in my opinion. Honestly, you should consider what you value the most in a city. If you care about having world class museums and major league sports, along with easy access to the coast, Houston is an easy choice. If you love the Hill Country, the lakes, and the quality of life in Austin, then move here.

 

For the love of all that is good and holy please don't tell any more people to move up here.

 

A major reason San Francisco is so expensive is limited land availability. SF is only 46 square miles with a lack of initiative to get taller buildings. I agree Austin will grow faster than Houston because it's a little hipper and tech-ier, but "next San Francisco" is ignoring a lot of variables that create the high prices that can't exist in Austin.

 

Honestly, those are shitty neighborhoods. 77095 is probably around Barker Cypress south of 290 and 77084 around hwy 6 and Clay. Older neighborhoods, older homes, fairly low income neighborhoods and lots of crime

I would look at 77006 and 77007. Those are great places.

 

I saw an old 2K square foot house in Austin list for 850K recently. How do people afford it? The property taxes on it alone should be of 20K a year.

 

Haha, yeah taxes do suck...

 

We built a home in Kingwood 5 years ago. Last week, a home on our street sold for $100/sq foot. If my home sold today for $100/sq foot, I would make about a $120K profit.

Makes me seriously consider selling it, banking the profit and just renting for a while until the bubble bursts. If that transaction didn't involve having to move, I would seriously do it.

Anyone want to buy my house and rent it to me?