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As any realtor will tell you, hard to make it an apples to apples. Given what you get in Philly, I think there's more value there. But I see stuff going 150k over ask and I think their median is like 600 which is really expensive for a non coastal. I think that's Denver level and to me it shouldn't be.
Home prices should concern you if you ever want to buy and this could impact rentals as well. Austin is too expensive given what you get imo. It's double a lot of the major cities in Texas.
Yeah, I definitely understand. Honestly, I think everything is too expensive for what you get lol
For example, I currently pay $2000/mo for a 2 bedroom in a small city (80k people) ~20 minutes from "downtown" and about 1.5 hours from the closest major city (Philly). I could find cheaper apartments, but it all starts at like $1,500~/mo and I'm sure it's probably inflated.
I'm not really concerned about the housing prices only because I don't plan to buy anytime soon. The rent prices are more concerning immediately, which is showing a major jump around here. I'm hoping everything settles more next year, but I don't know anything about the lumber industry lol
Austin rent prices are still pretty affordable overall unless you try to live near Downtown which they exponentially climb. The housing prices are well above the avg Texas housing prices. It is pretty much coastal levels and deceptive too because they list for alot lower than what they are actually selling for. They appear affordable @ $400k LP because realtors list them low in order to gain interest of potential buyers and purposefully incite bidding wars. Then the home sells for about $600k and these are homes without any geographic amenities such as views, hills, lakes, just flat land.
Austin rent prices are still pretty affordable overall unless you try to live near Downtown which they exponentially climb. The housing prices are well above the avg Texas housing prices. It is pretty much coastal levels and deceptive too because they list for alot lower than what they are actually selling for. They appear affordable @ $400k LP because realtors list them low in order to gain interest of potential buyers and purposefully incite bidding wars. Then the home sells for about $600k and these are homes without any geographic amenities such as views, hills, lakes, just flat land.
And while I love Austin, it is certainly not a city that should be in that coastal range.
Yeah, it's all really bad here too honestly. I live in a hot housing market as it is (0.9 months of supply, pretty close to Austin's 0.6) and homes are selling for over 110% of their listing price (already inflated). $340k homes I saw earlier sold for over $600k on average. It's nuts lol
Yeah, people keep mentioning Austin is super expensive... But it just seems pretty on par with Philly? Equivalent apartments seem cheaper in Austin still too. Am I missing something?
I'm not planning to buy, especially not soon, so home prices don't concern me.
Austin is a lot smaller than Philly and Atlanta yet its more expensive than those two.
I think you would like Atlanta. Its got great weather and outdoors activities are easy to get to. The nightlife scene is great but the crime right now is high as it seems everywhere.
Philly its great and easier to get around without a car. Has some cool neighborhoods. Crime in Philly is equally as high. Austin has the lesser crime of the three .
Atlanta gets you better access for coastal options. Savannah is 3 hrs but lots of cheap easy flights to Florida.
You can get to the mountains where there are waterfalls in just under 2 hours from Atlanta.
Another bonus for Atlanta is the airport. Its cheaper to go many more places its being headquarters and hub for Delta
Last edited by CleverOne; 07-01-2021 at 02:35 AM..
I personally probably would also think twice about it if I had to buy in the current market.
Yeah, Austin has been hot for like 20 years, seemingly outpacing all of Texas, but if the average home is 595k, may as well just spend a bit more and live on the coasts. Much better weather, scenery, things to do, etc.
Quote:
Originally Posted by CleverOne
Austin is a lot smaller than Philly and Atlanta yet its more expensive than those two.
I think you would like Atlanta. Its got great weather and outdoors activities are easy to get to. The nightlife scene is great but the crime right now is high as it seems everywhere.
Philly its great and easier to get around without a car. Has some cool neighborhoods. Crime in Philly is equally as high. Austin has the lesser crime of the three .
Atlanta gets you better access for coastal options. Savannah is 3 hrs but lots of cheap easy flights to Florida.
You can get to the mountains where there are waterfalls in just under 2 hours from Atlanta.
Another bonus for Atlanta is the airport. Its cheaper to go many more places its being headquarters and hub for Delta
Yep. I'll take Atlanta over Austin, especially if it's less expensive. I would guess it is, but not really sure.
Yeah, Austin has been hot for like 20 years, seemingly outpacing all of Texas, but if the average home is 595k, may as well just spend a bit more and live on the coasts. Much better weather, scenery, things to do, etc.
Yep. I'll take Atlanta over Austin, especially if it's less expensive. I would guess it is, but not really sure.
For the most part it is, until you get to Buckhead and the North Central Suburbs and where it fairly mimic's Austin metro prices due to desirability and proximity to white collar jobs. What makes ATL more affordable is there is more home inventory due to it being a larger metro, more middle class areas, and not as heavily concentrated on white collar tech jobs. Another thing is, Austin proper has alot of 'red tape' on new developments that in a sense hurt it because it takes a long time to get new housing projects approved, much longer than they can keep up with in terms of demand. Austin proper still has alot of vacant land, especially on the east side, but its like pulling teeth trying to develop on a plot.
Thanks for your response I love the Philly architecture and the parks we have here. If I move into the area, I was going to probably try to move into Rittenhouse so I could be close to the square.
If you wanted to live the urban, not car dependent live style, this is the move I would make.
Sorry for the delay in responding, city-data was broken for me It started working again today
It sounds like I'll check out Atlanta as well! I'm in the process of buying a laptop soon with the intention of traveling to a city for a week and working there. Atlanta is the cheaper option to get to for me, so maybe I'll try there first.
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I love the Philly architecture and the parks we have here. If I move into the area, I was going to probably try to move into Rittenhouse so I could be close to the square.
It started working again today
