Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Living in Texas or New Mexico
Old 05-26-2005, 08:16 AM   #21
Thinks s/he gets paid by the post
wildcat's Avatar
 
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
Re: Living in Texas or New Mexico

Quote:
Austin Texas, what parts are the desirable areas with new and existing construction reasonably priced.

How much for a small 3 bedroom is the norm.
From what I know Austin is pricey for Texas. I think you could score a pretty realistic price on a good house right outside the city. Round Rock maybe? Just everyone wants to be right in the middle of Austin.
__________________

__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
wildcat is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Living in Texas or New Mexico
Old 05-26-2005, 11:32 AM   #22
Recycles dryer sheets
 
Join Date: Aug 2004
Posts: 113
Re: Living in Texas or New Mexico

Quote:
Originally Posted by GTM
Austin Texas, what parts are the desirable areas with new and existing construction reasonably priced.

How much for a small 3 bedroom is the norm.
This might help:

http://www.austin-real-estate.org/au...ghborhoods.htm

http://kip2.kiplinger.com/features/a...lacesfull.html

In general, Austin is pricy for Texas. However my home's appraised value has fallen for the last two years. I'm not complaining since we have no plans to move and that just means lower property taxes for us in the interim.
__________________

__________________
Robert<br />http://www.austinexplorer.com/<br />http://www.texashiking.com/
Austin_Explorer is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-26-2005, 08:07 PM   #23
Recycles dryer sheets
 
Join Date: Oct 2003
Posts: 175
Re: Living in Texas or New Mexico

Property taxes are not cheap in Texas. However, the average home is and there is no income tax as was already mentioned. You are not paying tax on a $800K condo but more likely on a $100-200K house.

Our homestead in Bastrop county 3/2/2 on 1 acre costs $2400 in prop tax. Our 2/1/1 house in Central Austin (Travis county) is $4200 but non-homestead and appraised slightly higher.

No telling what the average 3/2/2 cost in Austin. South and North Austin will be 50-80% less than Central Austin. Anything in Central Austin that is in move-in condition and up to today's standards will NOT be cheap.

Lots of folks at work do the 1 hour commute to the city because it is cheaper living out in the county. They just forget to account for the cost of 2 hours of commuting agony and the wear and tear on the car. I am also more of a liberal city girl than a conservative redneck.

Once we have completed the renovation and addition of our house in Austin, we will move there. Will probably go back to one car only. Everything is right there. The savings of getting rid of one car and cutting back on the mileage will probably pay for the prop tax anyway.

Central Austin real estate is quite hot, you can rent out about anything. However, I don't think landlording is very profitable there. E.g. our house was renting out for $1000+/month with a 50 year old kitchen, poor maintenance, no insulation, no heating at all, window A/C and total 700 sqft of living space. Median selling price for comparable properties: $170K (we did not pay that though). An updated family size home is difficult to get there and sells for high $$$.

Out in the county you can get much cheaper stuff. I looked at a 3/1/1 for rental. Asking price was 29K, average rent $650. Backed out because of a pain in the ass realtor. Some good deals around though. My colleague bought a brick duplex a few months ago. Total rent $1300. Total monthly cost $650. Got to be lucky to get them though.

Vicky
__________________
vic is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-26-2005, 08:11 PM   #24
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Living in Texas or New Mexico

Quote:
Originally Posted by vic
Property taxes are not cheap in Texas. However, the average home is and there is no income tax as was already mentioned. You are not paying tax on a $800K condo but more likely on a $100-200K house.

Our homestead in Bastrop county 3/2/2 on 1 acre costs $2400 in prop tax. Our 2/1/1 house in Central Austin (Travis county) is $4200 but non-homestead and appraised slightly higher.

No telling what the average 3/2/2 cost in Austin. South and North Austin will be 50-80% less than* Central Austin.* Anything in Central Austin that is in move-in condition and up to today's standards will NOT be cheap.

Lots of folks at work do the 1 hour commute to the city because it is cheaper living out in the county. They just forget to account for the cost of 2 hours of commuting agony and the wear and tear on the car.* I am also more of a liberal city girl than a conservative redneck.

Once we have completed the renovation and addition of our house in Austin, we will move there. Will probably go back to one car only. Everything is right there. The savings of getting rid of one car and cutting back on the mileage will probably pay for the prop tax anyway.

Central Austin real estate is quite hot, you can rent out about anything. However, I don't think landlording is very profitable there. E.g. our house was renting out for $1000+/month with a 50 year old kitchen, poor maintenance, no insulation, no heating at all, window A/C and total 700 sqft of living space. Median selling price for comparable properties: $170K (we did not pay that though). An updated family size home is difficult to get there and sells for high $$$.*

Out in the county you can get much cheaper stuff. I looked at a 3/1/1 for rental. Asking price was 29K, average rent $650. Backed out because of a pain in the ass realtor. Some good deals around though. My colleague bought a brick duplex a few months ago. Total rent $1300. Total monthly cost $650. Got to be lucky to get them though.

Vicky
Gosh Vicky, you sound quite sensible, except for the moving to
Austin thing

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-26-2005, 08:31 PM   #25
Recycles dryer sheets
 
Join Date: Oct 2003
Posts: 175
Re: Living in Texas or New Mexico

Not everybody is a redneck or feels comfortable in a population of 100% rednecks

Already had the perpetual burning cross (electric) across the street - I think it was religious. Maybe to fend of the evil influence of my non-christian husband with not-so-white skin?

I think I am very sensible to move
__________________
vic is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-26-2005, 09:24 PM   #26
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 260
Re: Living in Texas or New Mexico

Quote:
Originally Posted by vic
Out in the county you can get much cheaper stuff. I looked at a 3/1/1 for rental. Asking price was 29K, average rent $650. Backed out because of a pain in the ass realtor. Some good deals around though. My colleague bought a brick duplex a few months ago. Total rent $1300. Total monthly cost $650. Got to be lucky to get them though.

Vicky,
Vicky, 29K for a house!
What condition was it in?
Any recomendations on where to find good deals in Texas.
__________________
GTM is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-26-2005, 11:23 PM   #27
Recycles dryer sheets
 
Join Date: Oct 2003
Posts: 175
Re: Living in Texas or New Mexico

It was out in the county on 0.25 acre - hour or so from Austin. I think it was 1000 sqft. New sceptic. Mainly cosmetic stuff was needed: new carpets, paint, some holes in walls, new stove/fridge, roof had another 2 years left. Total about $4K to make it rentable. Siding was some particle board type stuff - ok condition but not not too wild about it. Community had HOA, pool, clubhouse and lake. Mix of houses and mobiles but clean - working class type of thing. Basically a cheap house that you could milk for rent but not want to live in yourself.

I could not tell you where the good deals are - I would have gotten one myself already. This one looked like to much work relative to the returns. I only do commercial real estate partnerships at this time - no hassle, great return.
__________________
vic is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 07:50 AM   #28
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: Living in Texas or New Mexico

Quote:
Originally Posted by vic
Not everybody is a redneck or feels comfortable in a population of 100% rednecks

Already had the perpetual burning cross (electric) across the street - I think it was religious. Maybe to fend of the evil influence of my non-christian husband with not-so-white skin?

I think I am very sensible to move
I do not think that I could survive there. It is a good thing to move.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 12:42 PM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Living in Texas or New Mexico

Quote:
Originally Posted by vic
Siding was some particle board type stuff - ok condition but not not too wild about it.
Ahh...hardboard siding...my favorite...that they're still making it is a miracle to me.

Hardboard siding is pressed from sawdust and wood particles along with binders, then laminated. Unfortunately in many climates it "pops" fibers, delaminates, and unless you paint the back and sides of it before installing it and then caulk all the nail heads annually, the exposed parts start absorbing water and expanding. Once it gets started absorbing and swelling, its out of control and needs to be replaced within a few years. Sort of like cardboard thats been left out in the rain, dried out, and then rained on again.

I got a good lesson in this stuff a few years ago and managed to sell the house with a nice low-key disclosure before having to do $20k worth of siding work. Wont buy a piece of property dressed in it again.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 03:29 PM   #30
Confused about dryer sheets
 
Join Date: Mar 2005
Posts: 2
Re: Living in Texas or New Mexico

How about the tech area of North Dallas? Anyone have opinions? I'm considering a move there from California (currently Bay Area but lived most of my life in San Diego).

Property taxes there on a large $200k house are definitely less than the taxes on a $600k condo here (and that's a small condo!) and no income tax there. Our sales tax is 8.25% so that's not too different. It's the culture and the tornados I worry about. On the other hand, I don't like the bay area and we have earthquakes. So what else am I missing? Obviously something or everyone would be selling their houses and heading to Texas.
__________________
tashina is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 03:42 PM   #31
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Living in Texas or New Mexico

Let me see if I can help you there.

Two phrases:

"YEEEEEEEEEEEHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA "

and

"Hey y'all...watch this..."

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 04:17 PM   #32
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,382
Re: Living in Texas or New Mexico

Quote:
Originally Posted by tashina
So what else am I missing? Obviously something or everyone would be selling their houses and heading to Texas.
Not necessarily. Many people have community, friendship and family ties that they would rather not leave behind.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 04:40 PM   #33
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 325
Re: Living in Texas or New Mexico

I have lived and worked in San Francisco and am a native Texan.* You may find the biggest issue to be culture shock between the two locales. You might miss the City by the Bay.* *But Texans can be very nice, as measured by the "time spent on the side of the road until someone stops to ask if you need help" standard.

The human side of Texas is a real upgrade to consider. If you are tired of being out spent for squalid condos in the Tenderloin, live around "friends" that suggest that being straight and eating meat are both reasons for seeing a Jungian therapist, and you want to have what seems like a normal lifesyle, pick Texas - Dallas area. If you are attuned to living the life bohmian in a true cultural theme park, stay by the bay.

__________________
&quot;TEMPUS FUGIT&quot;
LEX is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 04:46 PM   #34
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Living in Texas or New Mexico

Family ties will keep me where I am. Fortunately, I could do worse than San Diego. Otherwise I'd be in Northern Cal. or somewhere between Seattle and Vancouver.
__________________
laurence is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 04:59 PM   #35
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 325
Re: Living in Texas or New Mexico

I really like the Olympia WA. area between April and September. San Diego is nice, but, as you would have to admit Laurance, the secret is out as to the place. My Uncle left the Navy and lived there during the 50's and 60's and I recall during family trips to see him that SD was just idyllic. Those were the days when only Navy vets who had actually been on ship and carnival workers had tattoos. 8)
__________________
&quot;TEMPUS FUGIT&quot;
LEX is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 05:05 PM   #36
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Living in Texas or New Mexico

Yeah, crowds/congestion could force us out. I'm hoping since we won't have to drive during rush hour in retirement, it won't deteriorate our experience too much!
__________________
laurence is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 05:33 PM   #37
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,078
Re: Living in Texas or New Mexico

Quote:
Originally Posted by Grand Banks

"Hey y'all...watch this..."
Close, but the acutal quote is, "Hold my beer Bubba, and watch this.."

REW, a newly retired Texan
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 06:22 PM   #38
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Living in Texas or New Mexico

Isnt that the most frequently uttered last words of the most recently deceased texan?

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 06:57 PM   #39
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Living in Texas or New Mexico

Quote:
Originally Posted by Grand Banks
Isnt that the most frequently uttered last words of the most recently deceased texan?

Nope, it's actually "Lord if I have to die, I'm glad I died in Texas!"

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Living in Texas or New Mexico
Old 05-27-2005, 10:24 PM   #40
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Living in Texas or New Mexico

So that comes after the "hey y'all...watch this!" then? Maybe the darwin video people cut the tape right before they make that last utterance...
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Mexico report uncledrz Life after FIRE 20 02-17-2007 06:07 PM
Cost of Living in Mexico or Thailand Lightfoot FIRE and Money 11 02-17-2007 11:38 AM
My job? Living here preben FIRE and Money 38 07-17-2005 10:09 AM
Yet another revocable living trust question. Nords Other topics 14 11-30-2004 02:45 PM
Anyone want to excavate or survey in Texas? mickeyd Other topics 0 06-08-2004 03:22 PM

 

 
All times are GMT -6. The time now is 05:26 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.