Places to live in TX | FerrariChat

Places to live in TX

Discussion in 'Texas' started by hdpt00, Aug 25, 2005.

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  1. hdpt00

    hdpt00 F1 Rookie

    Jul 15, 2005
    2,894
    Earth
    Full Name:
    Brandon
    Well if you look up my profile you'll see I recently posted about places in So Cal, but the inner me thinks that those people renting there are getting hosed, big time.

    I've recently discovered clear headed real estate prices in Texas. Having no familiarity with Texas I was wondering if any of you locals could help me out. I am graduating in December and need to find a place. Texas looks very appealing right now.

    Basically looking in the $350-$500K range, preferably in a gated community, would prefer to be the smallest house in the nicest neighborhood. So far I've heard good thing about Austin and San Antonio. If I could have just saved a bit more I could have jumped to that next price level and got something amazing. Anyhow, would love recommendations on places to live, towns, communities etc. Looking for a very down to earth, non-rednecky place.

    Being that I'll probably be 21 or 22 when I move in (w/girlfriend), younger town is preferable. Need a place to meet some new friends my age as well.

    Thanks for any help, and hopefully in a few years I'll have that F-car to accompany you guys on some rides.

    Thanks for any input!
     
  2. Driversource

    Driversource Formula Junior
    BANNED

    Nov 8, 2003
    428
    Houston, TX
    Not quite as hip as Austin, maybe, but check out some of the areas in Dallas. Highland Park / University Park / Turtle Creek is very nice, close to the hip spots in town, but you'll have a hard time finding a gated community. Plano will have the gated communities, but not a lot of hip young folks there. If you're thinking about starting a family at any point, look closely at Frisco. There are some very nice communities there, and your $350-500k will go a long way. Frisco also has good retail, soccer and minor-league baseball, and is home to the DFW area's new Ikea store!

    There are some nice areas in Houston as well, but I'm not as familiar with them. Maybe someone else is?
     
  3. f1_nix

    f1_nix Formula 3
    Owner Rossa Subscribed

    Aug 12, 2005
    2,183
    Ft. Worth, TX
    Don't forget about Fort Worth. Not as hip (or crowded) as Austin or SA, but has a lot to offer. Lots of very nice houses in your price range. No traffic problems to speak of compared to Dallas, Austin, Houston, SA, etc.
     
  4. TXesprit

    TXesprit Formula Junior

    Oct 31, 2001
    510
    Southlake
    Full Name:
    Sean
    For that age/money combo, I would probably stay in the Uptown, Knox/Henderson, M Streets, or Lakewood area of Dallas. You can buy a nice place in the suburbs, but I am afraid you will be surrounded by older couples and plenty of kids. That's cool if you are into it, but the younger/hipper crowd is definitely closer to downtown. And for $500k, you can pick up a sweet condo, or cool old Tudor style house.

    For suburbs, you can always come out to live in Southlake with Rob and I and a few others. Keep in mind, I am 30, and my wife and I are the youngest in the neighborhood and one of three couples without kids (though one of the other couples just announced they are pregnant). But, it's definitely a nice place to settle down.
     
  5. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,959
    Southlake, TX
    Full Name:
    Rob Lay
    You realize in not too many years we'll all have kids and be coordinating a quick bite out to eat and sharing a baby sitter. You and I need to enjoy this kidless stuff while it lasts! :) End of the world as we know it.
     
  6. TXesprit

    TXesprit Formula Junior

    Oct 31, 2001
    510
    Southlake
    Full Name:
    Sean
    Good point - why don't bring over some of those in-car videos this weekend and we can watch them upstairs. I've got some beer that needs to be taken down.
     
  7. TexasMike

    TexasMike F1 World Champ

    Feb 17, 2005
    10,485
    Austin, Texas
    Full Name:
    Michael C

    That's quite a jump from looking for a $1000/month apartment.

    You would have a very hard time finding a home in a gated community in Austin for less that $700,000.
    We don't really need gated communities here in Austin, but most of the homes that are in gated communities are around a million dollars or more. Lots of the nice homes here aren't in gated communities, but lots of them do have their own gates.
     
  8. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,368
    Houston, Texas
    Full Name:
    Bubba
    Austin is a small town grown BIG, Dallas has the fashion industry and the hot babes it attracts......Houston has HEAT and HUMIDITY but a great cultural scene.....


    I'm from Galveston........a little coastal vibe there, with the NASA Clear Lake scene, think Keels and Wheels.

    For my money it'd be hard to beat the Hill Country......New Bransfels, Dripping Springs, Wimberly., San Marcos.......check that out some time....Go hang with Charlie Robison and the Dixie Chicks.......Kelly Willis at Gruene Hall...


    Just scatter my ashes out on the dance floor, with the sawdust!!!!!


    Come on down!
     
  9. hdpt00

    hdpt00 F1 Rookie

    Jul 15, 2005
    2,894
    Earth
    Full Name:
    Brandon
    Sure is, but there is a difference between pissing away $1,000 a month for 600 sq. ft. and buying a place where you are gaining net worth, instead of losing it quickly, with each payment. I feel confident that Texas is one of the few places where the RE boom hasn't inflated prices beyond belief. So while the jump is 100% or so, there is a big difference in my opinion justifying the price increase.

    Anyhow, that explanation aside, it seems like 10 minutes or so from Austin or Dallas would be the way to go? I've seen some amazing houses for my price range so hopefully it all comes together in January-ish. Are these places going to be easy for a Ca native to adapt?

    Thanks again!
     
  10. Speed Racerette

    Speed Racerette Formula 3

    May 24, 2004
    1,354
    Dallas, TX
    Full Name:
    She wants Revenge

    ? 100% jump? Two grand a month isn't going to get you a $500k house unless you are putting 50% down.
     
  11. F328 BobD

    F328 BobD Formula 3

    Mar 17, 2001
    2,327
    Southlake, TX
    Full Name:
    BobD
    Sorry for the quick highjack but I live a few doors down from our (Southlake) mayor. He also has a nice yellow Espirit!
     
  12. hdpt00

    hdpt00 F1 Rookie

    Jul 15, 2005
    2,894
    Earth
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    Brandon
    You're right, if I went that high in the price range it would be over $2,000, I was just doing some quick math. I know what to expect for monthly payments and this is the price range I've decided is practical for now.
     
  13. AnotherDunneDeal

    AnotherDunneDeal F1 Veteran

    Jun 2, 2003
    6,109
    N.Richland Hills, Tx
    Full Name:
    James Dunne
    Southlake is good.

    Demographics,

    Average home value $384,000
    Average home sale in 2004 $428,000
    Average household income $150,278
    Average age 37 years
    Population: 26,700
    Population cap: 30,100 in 2010


    Just 15 minutes from D/FW airport and located very close to both Dallas and Fort Worth. Still a laid back feel. You really need to look in Southlake. Everything is new or newish as the town has really developed in the last 8 years.
     
  14. jknight

    jknight F1 Veteran

    Oct 30, 2004
    7,821
    Central Texas
    A practical suggestion for someone of your age (speaking from experience as our youngest kiddo is 36) is not to put all your money into a house and definitely don't waste good income on a high price apartment. Both our kids are homeowners and are much better off than renting apartments. Get a good place to live and buy property in the corridor where development is occuring or about to occur - a wiser use of funds. Obviously our interests are way different than yours as we we "have been there done it" living many years in fashionable North Dallas and now are much happier on 30 acres with no neighbors, our cows, horses and other critters. We have a friend with an absolutely stunning home in Fort Worth in a beautiful section of town without having all the traffic/theft/rape, etc. problems encountered in many of the high "rent" areas of Dallas. Just remember that "they don't make land anymore" - if I were looking to purchase land, it would be in the Weatherford area!!

    Good luck with whatever avenue you choose to take.

    Carol

    Understand about CA living costs - our son had an apartment in Sunnyvale and also in Davis - ouch!!! Actually the perfect world - couple hours to the mountains, hour to the beach, etc. . . . .
     
  15. TC (Houston)

    TC (Houston) Formula Junior

    Feb 5, 2002
    781
    Houston
    Don't forget you gotta pay taxes on that too. Depending on how much you put down 5-20% I think you'd be looking at somewhere in the 4-5k/mo. payment range.

    BTW, I really like Houston a lot. I have a great home (granted no yard) 5 minutes west of downtown in a great neighborhood, everything I could possibly need or want is no more than 10 minutes away. Great restaurants, great clubs and bars, perfect for someone your age who has that kind of money. In the last two years I've driven less than 12k miles. My kind of living.
     
  16. JasonMiller

    JasonMiller F1 Rookie
    Silver Subscribed

    Jul 16, 2004
    3,647
    Co Springs/ Texas
    Full Name:
    Jason Miller



    I moved to Texas from California 12 years ago. I visit California many times a year becasue my family lives there. I am so glad I moved here and will never even consider California as a place to live full time. Texas has low crime, great quality of life, friendly people, beautiful women, low cost of living and many more perks!

    The problem I have is when people move to Texas and try to change it to the state they moved from.. Your are correct when you say "adapt" becasue thats what you should do. Dont bring California with you, come to Texas and adapt to our wonderful way of life, we welcome anyone to our state just dont change try to change it to California.

    Let me know if you want to look around the DFW area, I will gladly drive you around and show you this part of Texas.


    (fine print) I am not trying to offend anyone by this post its just being a home builder I meet a lot of people moving to our area and I have delt with many people from out of state attempting to change local laws, neighborhood rules, zoning laws etc to reflect the state they are from.)
     
  17. TexasMike

    TexasMike F1 World Champ

    Feb 17, 2005
    10,485
    Austin, Texas
    Full Name:
    Michael C
    Good advice. ;)
     
  18. Brian C. Stradale

    Brian C. Stradale F1 Rookie
    Lifetime Rossa

    Mar 17, 2002
    3,615
    Dallas, TX, USA
    21 or 22? Austin!! Clearly!
    (Given no other criteria to go on, seems a no-brainer to me.)
     
  19. 99355F1

    99355F1 Formula Junior

    Dec 13, 2004
    543
    Full Name:
    CG
    Austin is definetly the most fun/hip/exciting city to be in for someone your age.

    Check out "Circle C" in Austin.

    The cheapest gated good communities I can think of in Austin would be in Barton Creek -- Wimberly Lane and Lost Creek. That'd be $700+
     
  20. GhostRider

    GhostRider Formula Junior

    Dec 20, 2002
    999
    Tulsa, OK
    Full Name:
    Matt
    I believe Dallas has the highest crime rate of any metro area in the US.
     
  21. TexasMike

    TexasMike F1 World Champ

    Feb 17, 2005
    10,485
    Austin, Texas
    Full Name:
    Michael C
    Most of Circle C isn't gated, but they do have a small gated section where the homes are from $200,000 - $300,000. It's a great community but there are several other neighborhoods I would rather live in with your price range. I would find an older house out in the hills. The only views in Circle C are of other peoples homes and the homes are just a few feet apart.

    If you are serious about Austin, I have several conections in the Real Estate business. I can find you a great place in Austin for that price range, but not in a nice gated community.
     
  22. JasonMiller

    JasonMiller F1 Rookie
    Silver Subscribed

    Jul 16, 2004
    3,647
    Co Springs/ Texas
    Full Name:
    Jason Miller

    I live in Fort Worth :)
     
  23. Cielo

    Cielo Karting

    Feb 3, 2005
    241
    Austin, Texas
    Full Name:
    Steve
    Although I lived in DFW for nine years and loved it too (Fort Worth is a great "little town" with wonderful museums and a fun downtown and Dallas is, well, Dallas). Houston has great culture but the city is a little too humid for me. San Antonio is a great weekend but I wouldn't want to live there. The coast would be fine if you don't have to earn a living. Austin has a great economy, wonderful Hill Country views, lakes, and a lot of fun (music, bars, clubs, etc). At your age I would agree, no other choice but Austin.
     
  24. hdpt00

    hdpt00 F1 Rookie

    Jul 15, 2005
    2,894
    Earth
    Full Name:
    Brandon
    Looks like from everyone's consensus I'll be researching Austin a bit more. Thanks again for all your input. One quick question, a poster above says it would be more like $4-5K for a $500K (lets assume $400K mortgage, 20% down payment) house with tax and all that. I thought tax would only be a few thousand per year, am I completely wrong? In that case wouldn't the monthly payment still be under $3,000 and even tax deductible interest.

    Also one more thing, since I'm just getting into this it may save me some time... I don't have the best credit score since I just got my first credit card last month (who knew paying cash for things was a bad idea); I even had to get a parent to co-sign on my car. I think my score was like 680 or something, parents was quite higher obviously. Anyhow, not sure how this works, but I’m guessing if it's possible to have a parent co-sign on the mortgage I could get the lowest APR, would I be correct in thinking that, is it possible to co-sign a mortgage?

    Thanks again, all your help is greatly appreciated.
     
  25. JasonMiller

    JasonMiller F1 Rookie
    Silver Subscribed

    Jul 16, 2004
    3,647
    Co Springs/ Texas
    Full Name:
    Jason Miller

    In California property tax in 1% of your homes value in Texas we havent any state income tax so property tax is much higher depending on where you live.


    Good LucK!
     

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