Thursday, February 25, 2010

FACEBOOK is coming to Austin

Facebook opening 200-person Austin officeAustin Business Journal - by Jacob Dirr Staff WriterFacebook is creating 200 jobs in Austin, thanks to a $1.4 million incentive from the state of Texas.The move will be the first major U.S. expansion outside of Palo Alto, Calif., where the company is headquartered, according to officials. It is investing about $3.1 million to set up operations in Texas, according to Gov. Rick Perry's office.Facebook employs about 800 people. It reported about $50 million in revenue last year.'Facebook continues to grow and Austin, with its deep talent pool, would allow us to hire the high-caliber employees we need to properly serve the people, advertisers and developers that rely on our service,' Facebook Chief Operating Officer Sheryl Sandberg said.Gov. Perry said the new jobs will enhance the Central Texas’ robust technology industry and strengthen the economy.All contents of this site © American City Business Journals Inc. All rights reserved.Link to Article: http://austin.bizjournals.com/austin/stories/2010/02/22/daily44.html

Saturday, February 20, 2010

10 REASONS TO BUY A HOME IN AUSTIN

TEN GREAT REASONS TO BUY A HOME


1. Quality of life – a home provides stability and security for you and

your loved ones.

2. Pride of home ownership – it’s your personal haven and you’re

your own landlord.

3. Historically low interest rates – around 5.5 percent in the U.S.

4. Tax Credit – U.S. government provides a special $8,000 incentive

for qualifying first-time buyers.

5. Appreciation potential – your home investment can grow in value.

6. Equity buildup and debt pay down – homeowners enjoy an

average net worth of approximately $184,000 vs. $4,000 for renters.

7. Leverage – where else can you buy an investment of this magnitude

with 5-10 percent down?

8. Tax deduction advantages – property tax and mortgage interest

write-offs (in Canada, home owners gain a tax benefit upon selling).

9. Tax exemption – up to $500,000 per couple or $250,000 per person

on sale of a primary residence in the United States (no tax upon sale

in Canada).

10. The real cost of renting – at $800 per month, with the average

6 percent rental increase per year, you will pay $126,536 over a 10-

year period but have zero ownership of the property.

Monday, August 31, 2009

Austin's Rules of Life

A few observations for those of you who live here...or used to live here....or plan to live here.1. First, it's pronounced AWS-TUN. It doesn't matter how they say it in other places.
2. Forget the traffic rules you learned elsewhere. Austin has its own set of traffic rules. There's no book about them. All you can do is get in your car and hope you survive to learn them.
3. All directions start with "Go down Mopac... 'cause you don't want to get on I-35. Oh, yes, Mopac is Loop 1.
4. Burnet Road, Braker Lane, and Lamar Blvd. have no beginning and no end.5. It is impossible to go around a block and wind up on the same street that you started on. The Chamber of Commerce calls this a scenic drive.
6. The 8:00am rush hour is from 6:30am to 9:30am . The 5:00pm rush hour is from 3:30p to 7:15pm. Friday's rush hour starts on Thursday morning.
7. If you actually stop at a yellow light, then you cannot be from Austin . Green means "GO"; Yellow means "GO"; and Red means "three more of y'all can GO". You may only apply your brakes at the end of a yellow light and the beginning of the red light when they create a burnt-orange hue. This is Longhorn Country, after all.
8.. If you like being an individual, don't even think of working for Dell. You'll be branded like cattle and made to walk all over town with your Dell Tag around your neck or clipped on to your belt loop. Ninety-eight percent of the people within a 20 mile radius work for Dell. When someone says "Michael Dell", Dell employees are trained to face Round Rock, hit their knees, put their face to the ground, weep, and rock back and forth.9. Just remember that Mopac IS Loop 1; Capital of Texas Hwy IS 360; and Hwy. 183 IS Research Blvd., Anderson Lane, Ed Bluestein Blvd. is Old Bastrop Hwy; FM 2222 IS Northland Dr. or Allendale Rd. or Koenig Lane.. Don't try to figure it out. Just accept it. If you question the intelligence behind this naming convention, people will simply tilt their heads to the right and stare at you.
10. If moisture is determined to be rain, and not sweat, all traffic must immediately come to a screeching halt; ditto for daylight savings time, a female UT student applying eye-shadow crossing the street, or a flat tire three lanes over.
11.. DO NOT attempt to access any road after an apocalyptic event like snow or SXSW (South by Southwest Music Convention). Construction on I-35 AND Hwy. 183 is a way of life and a permanent form of entertainment. Get used to it!
12. Attn: All telephone solicitors...DO NOT correct my pronunciation when I say I live in Manchaca , TX . It's pronounced MAN-shack (just like a man living in shack). Also realize that the city of Manchaca (MANshack) is in Hays and Travis Counties , and there is also a very long street in Austin named Manchaca (MANshack)! The city of Manor andManor Rd. are pronounced 'MAY-ner'. We don't like corrections on that either. And, for God's sake, DON'T pronounce the 'E' at the end of Guadalupe. It's Gwada-LOOP and we like it that way!
13. Burnet Road is pronounced BURN-it, not Bur-NET. Koenig Lane is pronounced KAE-nig not KOE-nig. The old airport (Robert Mueller) is pronounced Robert Miller and is on Airport Boulevard . The new airport (Austin-Bergstrom) is no where near Airport Boulevard . It's in the city of Del Valle pronounced Dell Valley !14. Keep in mind that the sloppily dressed 'hippie' in worn-out sandals and earrings is probably the latest IPO millionaire around here.15. Stay away from the Congress Ave. bridge at sundown if you do not like the thought of being in an Alfred Hitchcock movie. (Largest Mexican Free Tail Bat Population in the US )16. Regardless of what you are told, the Capitol is CENTRAL AUSTIN, and yes, we do have a body of water splitting Austin into North Austin and South Austin and it is called "Town Lake" (by longtime Austinites, and Lady Bird Lake by newcomers) not the Colorado River (even though it is part of it).17. And, yes, we all know that there's a man in a teddy and a tiara on Congress Ave. It's Leslie and he probably makes more money than you do. (Surely, you have a homeless, celebrity drag queen that likes to run for Mayor where you live, too, right?)**And you wonder why there are so many bumper stickers that say 'Keep Austin Weird'!**
And why Pflugerville (which is between Austin and Round Rock) residents wear tee shirts that say, Pflugerville -- Between a Rock and a a Weird Place !!!!