Quote:
Originally Posted by Dcbrickley
I can't help but wonder if this will further push people out of cities like NYC and DC to Austin. It's not 25k employees in each town, the multiplier is much higher, like x 4 (from what I've read). I have a new client relocating from Brooklyn. They love the vibe and the our home prices for what you get.
Of course it won't make a huge difference, but in our small market, even 100 additional buyers coming in from expensive cities makes a difference...they gobble up properties all over the urban core....at prices they consider "cheap".
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Home prices rising too high too fast is the fault of local elected leaders who allow the NIMBYs to dictate housing policies instead of passing legislation for the greater good. Density, more public transportation, fewer height restrictions, etc. Jobs are always good, always, especially high paying jobs, but if public policies fail to address housing issues, it is not Amazon's fault. It is the voters fault. They vote for the same weasels, then complain.