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Home prices in Austin are climbing though. It won't be too long until homes in that price range come with a minimum 45 minute commute.

shawn-furyan 13y ago
Another big factor is that Texas also has no state income tax. Total cumulative property taxes around the Austin area are generally around 2-4 percent of assessed value[1]. [1] http://www.jbgoodwin.com/taxrate.htm http://www.jbgoodwin.com/taxrate.htm
dorianj 13y ago
Home prices are rising rapidly, but rent--even in central areas--is still quite reasonable for tenants.
fnordfnordfnord 13y ago
A lot of people are moving from the Bay Area to Austin, paying crazy prices for real estate, displacing locals.
- clavalle 13y ago
  Prices in Austin for housing have always been high.
  - bluedevil2k 13y ago
    Umm, no, they have never been high, when compares to other tech spots in the US. $100/ sq ft is not expensive.
    - clavalle 13y ago
      Well, everything seems cheap when you compare it to the Valley or SF. Now compare Austin to Houston or San Antonio. (Besides, $100/SF is low unless you are talking about the East side.)
      - bluedevil2k 13y ago
        Pflugerville is $65, Round Rock and Cedar Park are around $100.
  - fnordfnordfnord 13y ago
    High WRT rural areas, and Houston, Dallas, etc. But not such a huge premium as now.
- deleted 13y ago
  [deleted]
aliguori 13y ago
Maybe if you work down town but a lot of tech companies are in north Austin where housing is very cheap.
- clavalle 13y ago
  Or live in RR, Buda, Leander etc. and telecommute parttime. You can get quite a large house in Buda for $150K
hkarthik 13y ago
Yup. $100/sqft is what you pay in the weaker school districts and for older homes. In the newer homes with better schools, it's closer to $120-130/sqft. Houses sell really quick too. If the current trend continues for another few years in Austin, it will be at Boulder, CO levels for housing (which isn't that far off from Bay Area housing prices).

shawn-furyan 13y ago

Another big factor is that Texas also has no state income tax. Total cumulative property taxes around the Austin area are generally around 2-4 percent of assessed value[1]. [1] http://www.jbgoodwin.com/taxrate.htm http://www.jbgoodwin.com/taxrate.htm

dorianj 13y ago

Home prices are rising rapidly, but rent--even in central areas--is still quite reasonable for tenants.

fnordfnordfnord 13y ago

A lot of people are moving from the Bay Area to Austin, paying crazy prices for real estate, displacing locals.

clavalle 13y ago
Prices in Austin for housing have always been high.
- bluedevil2k 13y ago
  Umm, no, they have never been high, when compares to other tech spots in the US. $100/ sq ft is not expensive.
  - clavalle 13y ago
    Well, everything seems cheap when you compare it to the Valley or SF. Now compare Austin to Houston or San Antonio. (Besides, $100/SF is low unless you are talking about the East side.)
    - bluedevil2k 13y ago
      Pflugerville is $65, Round Rock and Cedar Park are around $100.
- fnordfnordfnord 13y ago
  High WRT rural areas, and Houston, Dallas, etc. But not such a huge premium as now.
deleted 13y ago
[deleted]

aliguori 13y ago

Maybe if you work down town but a lot of tech companies are in north Austin where housing is very cheap.

clavalle 13y ago
Or live in RR, Buda, Leander etc. and telecommute parttime. You can get quite a large house in Buda for $150K

hkarthik 13y ago

Yup. $100/sqft is what you pay in the weaker school districts and for older homes. In the newer homes with better schools, it's closer to $120-130/sqft. Houses sell really quick too. If the current trend continues for another few years in Austin, it will be at Boulder, CO levels for housing (which isn't that far off from Bay Area housing prices).