What is going on in Austin?

Just was contemplating moving to a new city and thought of Austin. Obviously, theres been a massive shift of companies moving there. However, I noticed that housing prices are skyrocketing. I looked on Zillow and other sites, and there are so many homes within 5 miles of the CBD that have prices higher than Cali and the Northeast. Anyone hear live in Austin? Hows the traffic scene with the massive influx of people?

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Yuppie Californians who ruined their state have come to vote in the same people in Texas.

 

Same issues they have in CA - the city isn’t zoned for the density to supply enough housing for all the demand, so prices skyrocket.

Traffic is pretty rough as well, though this is less an issue of density so much as infrastructure - the roads are still built for a city the size of Madison but now the population looks more like Pittsburgh.

Great city and it’s definitely developing alonside the population growth, but naturally there are some growing pains

 

Texas cities have kept a lid on house prices by being very loose on planning regulations. Austin, being the liberal "oasis" in the state has always bucked the curve on this and even at the beginning of the current boom was way pricier than say Houston/Dallas (source: my exes uncle bought a $2m place in Austin in 2016, it was average).

Now as everyone's pointed out Texas has attracted yuppies from California etc and cultivated its own tech scene. So you have this influx of high earning, liberal minded types basically throwing fuel on the fire.

 

Just moved from Austin to Chicago and I am satisfied. Austin traffic is the worst. Truck drivers don't mind to get in accidents. You can see car accidents everyday. Homeless ppl ask money on the road every corner. Only good thing about driving is the gas price is under $2 . Your car get steamed under the sun most of the year. Good luck.

 

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