Scott Burns suggest You move to Austin to restore your retirement next egg

Well, he suggested Austin amongst other cities. As a California transplant, I suggest you skip Florida, San Antonio, Arizona, Vegas ( water crisis) and come directly to Austin.

This Sunday , Financial columnist Scott Burns suggest that Baby Boomers suffering from stock market losses and deflation of home values shore up their retirement by moving from high priced distressed areas to areas where the median family home prices are significantly lower.

Suppose you sell your Boston home for $336,000 and move to Austin where the median home price is $185,000 . This move will liberate $151,000 of equity. So the question is what does $185,000 buy in Austin.

When Scott Burns refers to Austin – he is actually referring to the Austin Metro Service Area which includes Round Rock, Leander, Pflugerville, Buda and surrounding communities. $185,000 will buy you significantly more outside the Austin city limits.

Here are just a few examples:

$180,000

2503 Aspen Meadows Leander, TX 78641

4 bed/ 2.5 baths/2 car garage

$180,000

2409 Holsten Hill, Pflugerville 78660

4 bed/ 2 bath/ 2 car garage Short Sale in Blackhawk Subdivision

See other photos by of this Great Blackhawk Home

Search Pflugerville Real Estate

Now if you want to live 20 minutes from Downtown in the city of Austin Proper-- You can still have a great house-- just a little smaller, and a little older home. Here are just a couple for your consideration:

$185,000

2401 Wilma Rudolph Rd. Austin Tx 78748 ( Olympic Heights Subdivision) South Austin Home

3 bed/ 2 bath/ 2 car garage 1487 sq. ft.

See complete details on this Olympic Heights home

$180,000

4507 Manzanillo Dr. Austin TX 78749

3 bed/ 2 bath/ 2 car garage in Maple Run Subdivision in South Austin

To see more details on this great Maple Run Home

To see all homes for sale in Maple Run

A few other neighborhoods that you could find a median priced home for $185,000 in Austin proper are :

University Hills in East Austin

Tanglewood Forest in South Austin

Shady Hollow in South Austin ( just a couple of homes in this price range)

Read the complete Scott Burns Column then call the Davis Company at 512-473-2444 ext 2 to speak with a buyers agent about how you can make this equity liberating move.

Date: Sunday, March, 8th 2009 @ 03:00:54 PM
Views: 766