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Austin is cool, but it isn't

Austin is cool, but it isn't all the hype that you hear right now.

Housing is riduculous.  Most of the appeal of Austin revolves around downtown (6th Street, Congress Ave., SXSW, ACL, Townlake, etc.).  You can expect to pay $500,000 for a shack in central Austin.  If you can't afford that, then you'll likely end up living in a place like Leander, Cedar Park, Round Rock, etc.  These aren't bad towns, but they are not Austin.  You might as well be living in Dallas.

Also, Austin's economy isn't as great as it is hyped up to be.  The tech industry is strong, but that seems to be it.  Austin seems to be a lot of young entrepreneurs, bartenders, drifters and people trying to find themselves.  I think the economies of Dallas and Houston are much stronger.  Because so many people want to live in Austin, I think that salaries are less than in Dallas and Houston.

To the original poster:  check out Lakeway.  It is near Lake Travis which is impressive to most Texans.  While $500,000 won't get  you much in central Austin, it will get you a beautiful home and lifestyle in Lakeway.  It would be a great place to raise a family.