I can write the same paragraph for Raleigh. Raleigh has also consistently been positioned historically as one of the 10 best Cities/Areas to call home. The demographic characteristics of Raleigh and Austin are quite similar though each in different environments. Both communities offer high qualities of life, both are locations for nationally ranked universities, both have similar growth patterns, both are vibrant, modern cities where people want to live, both offer good job opportunity with above average pay scales, both cities have above average levels of higher educated people, both will continue to grow over time, etc. etc. Simply put, both are modern diversified communities where people want to and will continue to want to live.
SO WHY NOT DIVERSIFY. As an investor one of the first rules of thumb that we are taught is to "leverage" your position. Granted the price points are not exactly the same but the economics are similar enough to create opportunities for great returns in both marketplaces over time without holding all your eggs in one basket. Spread your investment wealth so as to hedge your future position. Thus your investment dollars have less exposure to economic uncertainty. Target the "meat" of the markets with your investment dollars. Find the price points where the activity for growth, rental income streams and ROI is the maximized. Make your money work hard for you. You earned it!
Happy investing and good luck.
Stephen B. McClain, Broker Owner
Cornerstone New Home Solutions
Real Estate Experts
Please let me know if you are interested in more information and I would love to send you some. I am a realtor and investor in the College Station market place myself.