venn diagram

Posted on May 19, 2010 in Real Estate, schools | 7 Comments

I often get questions about where people should live in Austin.  I have a quiz to help people, but sometimes readers want a personalized approach.

Frequently they ask something like, “I want to live close to downtown in a great school district.  But my budget is only $150,000.” 

Here’s my answer to that question (in the form of a venn diagram):

See how the circles don’t intersect in the middle? The harsh truth: there’s no way something close to downtown with good schools would EVER stay affordable.  You just can’t have all three.  I would venture to say that it’s just not possible anywhere – Austin and beyond.

Choose good schools and close to downtown, and expect to pay at least $250,000 (and I think I’m being optimistic here).  Choose good schools and under $150k, but you’re not going to be anywhere near downtown.  Choose near downtown and under $150k, and the schools are going to be less than satisfactory. 

Ok.  End of venn diagram geek-out.

7 Comments

  1. Rachel Clemens
    May 21, 2010

    This is awesome.

  2. aimee
    May 21, 2010

    dig it. Although, I don’t know that you can even overlap the “close to downtown” and “$150,000” anymore…

    A friend once gave me one, back when I started my graphic design business with the three circles being:

    CHEAP, GOOD, FAST

    Because clients always want all three and if they get it someone is going to loose – and that person will be the designer!

  3. Move To Austin
    May 21, 2010

    3 out of 3 graphic designers agree, vinn diagrams rule.

    Aimee, I have to admit I’ve seen that, and it inspired this post :).

  4. aimee
    May 21, 2010

    :)

  5. Anonymous
    May 26, 2010

    I hate to nitpick, but it’s “venn” diagram.
    http://en.wikipedia.org/wiki/Venn_diagram

  6. Move To Austin
    May 27, 2010

    Whoops, thanks anon. I swear I googled it beforehand to check myself but now that wikipedia just isn’t there. However, this blog post comes up 2nd for “vinn diagram.” Word!

  7. Tall Drink of Texas
    June 2, 2010

    Actually, I bought a foreclosed fixer-upper in the East Cesar Chavez neighborhood for under $150k, put $5k into it for remodeling, and am now building an apartment garage on the rear for income. BTW, the neighborhood between Cesar Chavez and Town Lake is probably the most underrated neighborhood in Austin. Schools aren’t the greatest, but that’s what the second income is for – private school.