The Water is ugly at times, but some of the reason for the lower pricing is how dead thing get there in the winter. In the past few years Tilman (Landry, kemah Boadwalk), and the Moodys, have dropped alot of money into Galveston, you never know if that will boost the economy there or not because of the incredible seasonal shifts in the economy, but I believe the water front home deals are well worth it, and getting in with the island crowd will offer you many luxuries of small town living. I lived the for a few years after college. My family and I have been members of the Galveston Yacht Club and Basin for almost 20 years. Getting out to deep water for fishing is a bit different from how it is in florida, 50-60 miles to decent water. Clear lake is about an hour by boat, (maybe less depending on the speed of your boat. ) In the tiki island area and bayou vista (the bridge in bayou vista limits the size of boat you can have), you will have a hard time staying off the oyser reefs and at low tide don't even think about it. But look off of techmain port industrial blvd. there are homes to the left off of offaits bayou that provide excellent storm coverage for your boat, I think its 20-30ft deep right behind the homes, and on one side there is a nice inlet that you can bring a 50-60ft hatteras right up behind your home. Turn right on Teichman and there are a few pretty nice homes right on the ship channel (you can get off shore much faster from this side). To make a long story short, Galveston in my opinion is not bad for a second summer home, you can not beat the price if you own a boat that is too large to trailer. Living there year round is nice, but the winter really takes some getting used to. Oh yea most importantly, the ghetto area which was referred to earlier will not bother you, and you probably will not notice it if you live near or on the water, hmm wonder why that is, ehhe.