I used to sell real estate for 7 years, and if you were my prospective client, I would ask you why you are buying a place. Do you want to live here forever in retirement, do you need a place to get to your job/hobbies quickly and conveniently, do you need space, or are you looking to maximize the resale value?
There are a lot more differences between Austin and San Francisco (where, btw, that house has a lot more of a yard than mine has... if you put a fence around that grass, it's a yard, right?) than what kind of house you can get for your money nearby. However, if all things are equal to you, then based on your apparent age I will guess that you are not planning to live there until death, and will suggest that you look into whether business and commuter transportation is moving into either area, because that is what will most determine how much a region will appreciate in value as compared to other regions.
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Date: 2008-03-17 05:36 pm (UTC)There are a lot more differences between Austin and San Francisco (where, btw, that house has a lot more of a yard than mine has... if you put a fence around that grass, it's a yard, right?) than what kind of house you can get for your money nearby. However, if all things are equal to you, then based on your apparent age I will guess that you are not planning to live there until death, and will suggest that you look into whether business and commuter transportation is moving into either area, because that is what will most determine how much a region will appreciate in value as compared to other regions.