My brother lives in Texas and I would agree with mostly what BG just posted…My bro has been posting every positive thing about TX for years and no one within our immediate or extended family has moved yet. One thing that is pretty major in TX is they have no state income tax, but their property taxes are much much higher. With a single income, that helps you much less unless you were both dual, high income earners (which my brother and his wife are).
There’s also no Prop 13 so property tax assessments can sky rocket your bill in any given year. I’m sure someone can post more current info as to what their tax rates are (I think it’s in the 3% range).
Texas sounds cheap on paper for housing, but there is a reason for that. Texas has so much land and it is far more receptive to building and construction. Houses never boomed there and from reading about real estate there, it has never appreciated…ever. Maybe an expert can chime in on this also.
Properties can cash flow for rental purposes, but that’s a separate thing which people take advantage of to benefit from depreciation, diversify from stocks, etc…
IMO, I think San Diego will appreciate more than Austin over the next 20-30 years…
