Austin Market has truly gone to **** (Nash: wealthy, childcare, yard)

[Need4Camaro]

I thought scopro was also retired.

[ScoPro]

Originally Posted by DMChicago

Guy on Internet forum criticizes guy for being on Internet forum.

I’m semi retired unlike scopro.

In 20 years I’ll probably be yelling at clouds, too!

Hah, my avatar on another board is a picture of Abe Simpson!

[DMChicago]

Originally Posted by Need4Camaro

I thought scopro was also retired.

He is. I’m semi retired unlike him. He is fully retired.

[ScoPro]

Originally Posted by Need4Camaro

I thought scopro was also retired.

Yes, have been retired for more than 20 years.
Had a piddling job or two afterwards just to keep busy, but more recently being an annoyance on the Internet has been a fun hobby.

[riaelise]

Originally Posted by 10scoachrick

My Darling(who has a degree in interior design) surely wouldn't pick that style IF circumstances were different. We are in a townhouse style condo now, so having our own yard would be a plus and the master on main WITH the bonus room upstairs has an appeal unlike a trad two-story.
We had a three-bay side entry garage at the "big house"; but it's likely over $700K now and I ain't payin' taxes on THAT!!!




Something about beggars being choosers in this market.

I think the tax difference between the two isn't that vast as you'd like to think. The new smaller homes are at inflated prices, usually in MUDS etc., and as a result your tax bill can easily still be five figures. A $500k home in my area of Round Rock, with a 2.24 tax rate) will result in a tax bill of 10k I think. Imagine in a MUD.


There are 1.5 story homes but they arent' usually small.

[CarnivalGal]

Originally Posted by riaelise

But that's the problem, you sell your 900K Colorado house to move here...and find that many homes are also 900k, or close.

Case in point, one -- exactly one -- home went up for sale in my neighborhood today and this time the sellers are asking 875k... the asking price has risen approx 300k in six months. And each time I thought no way, the homes end up going under contract..for over asking. I guess when a 700k home a month ago closed at 850k, it'd make sense to price a home today in the 800s...

I think they'll get it too even if the homes are 30 years old and older...

A million dollars in parts of California and New York get you 2000 square feet and older. It still goes pretty far here.

[riaelise]

Originally Posted by CarnivalGal

A million dollars in parts of California and New York get you 2000 square feet and older. It still goes pretty far here.

Depending on where you go in Austin you’re not gonna get a palace for a mil either.

Which is probably why the migration is a boon for the suburbs…though I don’t consider 875k with a nice hefty tax bill “affordable”

[Kid Ashbury]

Originally Posted by DMChicago

Guy on Internet forum criticizes guy for being on Internet forum.

I’m semi retired unlike scopro.

In 20 years I’ll probably be yelling at clouds, too!

A) Being on a forum and B) bragging about frequenting multiple online forums while using cringe reddit insults like this:

Originally Posted by DMChicago

I frequent quite a few online forums and I have never encountered a bigger bitterman than you.

... are not the same thing.

BTW "semi-retired" is what people who are too broke to actually retire say to gain validation. Enjoy social security, I guess. Cheers

[CarnivalGal]

Originally Posted by riaelise

Depending on where you go in Austin you’re not gonna get a palace for a mil either.

Which is probably why the migration is a boon for the suburbs…though I don’t consider 875k with a nice hefty tax bill “affordable”

Look at New Jersey. The NYC 'burbs are still way more expensive than Austin. And NJ has the highest tax rate in the country.

The fact of the matter is that there are still a lot of areas that are more expensive than Austin. If you are downtown, you're not going to get much, but that's true of LA, SF, or NYC too. And you will still get a hell of a lot more downtown here than you will in Manhattan.

[riaelise]

Originally Posted by CarnivalGal

Look at New Jersey. The NYC 'burbs are still way more expensive than Austin. And NJ has the highest tax rate in the country.

The fact of the matter is that there are still a lot of areas that are more expensive than Austin. If you are downtown, you're not going to get much, but that's true of LA, SF, or NYC too. And you will still get a hell of a lot more downtown here than you will in Manhattan.

I understand that. Remember I come from NYC. I never said that there aren't places that are more expensive than Austin. Those cities one can argue are hyper-expensive and not indicative of a good chunk of the country. My point was that Austin and its surrounding areas are becoming increasingly expensive when you factor in the housing price plus the taxes. There are many people relocating who are amazed that they can't get a palace with views for the price they can comfortably afford. They don't WANT to necessarily spend 800k if they don't have to, but they have to because of the bidding wars with other transplants, etc.