@Max Creasy the primary vs. investment discussion is just a matter of apples and oranges that ultimately relies on what your wife and yourself decide you WANT for your family.

Apple Stores.

I think with the Domain and Apple stuff coming that part of town will provide for some appreciation (beyond what is already in place in the entire Austin market).some cheaper opportunities in the 130/71 part of town. 

Given the market I've seen in SF Bay Area, or at least San Jose, not all houses are apples to apples in case you find a gem and don't want to lose it - it may take a while to find a replacement gem if ever.

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This will help you to compare apples to apples.

If you'd still like to be close though you can look at the surrounding areas of Los Angeles where its cheaper i.e victorville, lancaster, hesperia, apple valley.  

Purchase price: $135,000 Cash invested: $30,000 Sale price: $260,000 1939 bungalow 2BR/1BA on 1/3 acre with three apple trees, four plum trees, one cherry tree as well as red and white grapes, plus a 300 sf outbuilding.

It allows you to compared apples to apples when shopping.

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