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Affordable housing: Is Austin becoming the next Palo Alto?

from Multi-Housing News

One of the nation's fastest-growing metros, Texas' capital has seen a consistent flux of businesses and people relocating here, especially from California, drawn by the area's relatively affordable cost of living, deep talent pool, high quality of life, lower taxes and simpler regulation. A strong demographic expansion has been occurring at a rapid pace, and if on the one hand, it translates into job growth across the board; on the other it places the metro's core workforce into a deepening affordability crisis. more

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