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Renting vs. Buying in Austin, TX
Are you weighing the pros and cons of renting vs. buying?  As Austin home values continue to rise, I’m often asked by prospective buyers if they should wait till the market turns to buy. Truthfully, no one can predict what the market will do.  However, these days, my advice is usually no.  Everyone knows Austin is amazing. More people are moving here every day.  We have a healthy local economy full of growing businesses.  We have a great culture, and beautiful outdoor spaces. We have universities that attract students, who often stick around -  choosing to call Austin home.  All of these reasons result in a steady influx of Austin residents, and the available housing stock struggles to keep up with demand.   There once was a time when I told people who were considering renting for another year to go ahead and renew the lease, call me when you’re ready to buy.  That time has passed.
 
If you can afford to buy a home now, do it.  Even if you have concerns about how long you will live in it, you can likely sell for a profit a few years down the line or rent it out while you wait for it ... more

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