Renting Verse Buying can be a huge factor.  With home values in the Austin area going up 8% to 10% per year and   rent on the average of about $1.00 per sqft or more in the Austin area.

Use this with a average rent of $1500 a month in the area and home prices increasing at least 8% per year and Austin is about  1.6% rate.  

Use these factors and see if you should buy or rent Either way I can help you.