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Someone (who generally is more perceptive) said to me: I can buy a house in Austin that is X time bigger than in the Bay Area. Of course; but then why not move
by wolverine876 3y ago
Someone (who generally is more perceptive) said to me: I can buy a house in Austin that is X time bigger than in the Bay Area. Of course; but then why not move to South Dakota.
The higher housing prices in CA reflect much greater demand - people want to live in CA, despite all the reactionary political media campaigns - and it's for good reason. When Austin prices match SF, then things have changed.
I was surprised that so many people just followed a hot trend on such a long-term, high-impact decision.
- deltaomega 3y agoThis exactly. I tell people if they’re moving due to a desire for cheaper housing, there are many options (Ohio, Wisconsin, Nevada, Georgia, etc.) that make much more sense than Texas.
- bigyikes 3y agoThis is just wrong. You’re commenting on demand while ignoring supply. The Bay doesn’t have any more land (and nimbys tend to prevent new, denser development). This drives prices up. Texas has an absurd amount of empty land. This helps keep prices down. Making a comparison between the two and attributing the difference to desirability doesn’t make sense. (I don’t disagree that the Bay is desirable for many reasons or even that it does have higher demand.)
- wolverine876 3y agoA fair point, but the land is all developed because of the high demand. Unless we restrict ourselves to the peninsula, there's lots of land - it's just too far away.
- zebomon 3y agoTexas is larger than the Bay Area, but Travis County is not. It's not like you can live out in Lubbock or any of the hundreds of square miles between and get the benefits of living in Austin.