Is it a good time to buy Single family house in Austin?

Dec 1, 2019 31 Comments

I would be in Austin at least for another 3 years. Austin house prices up by whopping 14% yoy. Wondering if it's a good investment. Have ~100k for downpayment

Any thoughts ?

TC : 180k ( not at Intel)
Yoe : 4

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TOP 31 Comments
  • Intel zgklodg
    Californians will keep moving there. Yes.
    Dec 1, 2019 12
    • Facebook / Other
      lovethez

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      lovethezmore
      How can it be better if it's been ruined ? Next thing you'll say is California is great place to be and much better than most countries.
      Dec 3, 2019
    • Intel zgklodg
      You aren’t able to grasp that most of the world is a shithole and the US is trending that way?

      I left California for another state but still in the US. It’s a fucking shithole, worse than other states, but still better than most of the rest of the world.
      Dec 3, 2019
  • Facebook public2
    3 years is too short, no.
    Dec 1, 2019 2
    • Intel suicide
      OP
      If I can rent it which makes up for principal then that's an option after 3 years
      Dec 1, 2019
    • Facebook public2
      Principal, interest, expenses, and cash flow then for sure. Go for it. Now is an amazing time to buy. The leverage is insanely cheap.
      Dec 1, 2019
  • Indeed jCGR60
    Best time to buy is 30 years ago...
    Barring that, now is a good time.
    I live in Austin area, and have owned multiple homes here. Last one sold after only 2.5 years and still made money on it.
    Just stick with good down payment and 15 year loan that doesn't have an outrageous payment.
    Dec 4, 2019 1
    • Intel suicide
      OP
      What areas do you recommend in Austin? I work in Downtown and don't mind 45min commute time
      Dec 5, 2019
  • Credit Karma CK-IPO2020
    Housing prices may come down
    Interest rates my come up

    In general, this is a good time to buy.
    Dec 1, 2019 1
    • Facebook / Other
      lovethez

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      lovethezmore
      If not you can always declare bankruptcy
      Dec 1, 2019
  • Samsung ledzep_
    Yup. I live in Austin and I am trying to buy another house soon.
    Dec 10, 2019 4
    • Facebook / Other
      lovethez

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      lovethezmore
      Why not bid higher?
      Dec 15, 2019
    • Samsung ledzep_
      Don't wanna pay too much over the market. Also, even if I bid higher they tensld to prefer cash offers coz it takes less than a week to close.
      Dec 15, 2019
  • Indeed AEsmatter
    As long as it cash flows positive you will be okay. Cash flow is king
    Dec 4, 2019 3
    • Intel suicide
      OP
      Looking to see if I save something. I renting apartment and paying ~1400$ for a smaller space
      Dec 5, 2019
    • Intel suicide
      OP
      Renting out property after 3 years could be possible scenario
      Dec 5, 2019
  • Indeed ladidadi
    Just do it
    Dec 3, 2019 0
  • Facebook / Other
    lovethez

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    lovethezmore
    At least spend a few million
    Dec 1, 2019 0

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