All Forum Posts by: Oscar Song

Hi @Oscar Song - I've personally seen an uptick in interest from California buyers whether they are moving here or not. Houston, Dallas, San Antonio and Austin make up four of the top ten metros in the nation with regards to GDP, job growth, and unemployment. 

I invest locally here in Houston and even as a small, part time investor I can find plenty of worthwhile deals. There are a ton of revitalizations happening due to the number of QOZ's in and around the Greater Houston Metro Area.

We moved back here from Bay area about 20 years ago.  1st to Austin, then to DFW area.  There are differences.  One thing I often say about the property taxes.  Maybe in CA you pay 1%, but $1mil house there might be $400K here in Texas so even with 2.5% property taxes, taxes end up being about the same.  No state income tax....and less dumb taxes here.  So far no wealth tax proposal and no unrealized wealth tax proposal.  Move soon or Mr. Gavin may appropriate some of your wealth, even if you haven't had the chance to enjoy it yet.
https://californiaglobe.com/se...

Thank you Bruce for your reply. It seems like the wealth tax will only affect the top 0.15%, but I do agree with you that there are already plenty of dumb taxes in California. I'm already paying 30% of my monthly income to income tax here...

Is there anything I should be aware of if I'm investing in Austin? I know that Austin is a liberal city so is there any policy drawbacks for property investing compare to Dallas or Houston? Thank you.