Quote:
Originally Posted by JAM
My guess is that Austin home prices were reasonable in the early 90's, but people moved out of the city anyway to find better schools.
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To a degree maybe, but Austin has never seen the amount of housing built outside the city like it has since 2000.
The 90s saw the metro gain 403,536 people, 184,542 of which were inside the city. That's 46% of the growth within the city limits.
Compare that to 2000-2008 where the city gained only 101,126 of the metro's 402,839 population gain. That's down to only 25% of the growth within the city limits.
Prior to the 90s virtually all of the growth was inside the city limits. That's why Austin had no suburbs of any size.
Austin is in no way boxed in, without the ability to grow. Hell, even within the existing boundaries are substantial expanses of undeveloped land. And of course the city of Austin's built-up areas are far from being very dense. We have to ask why the city is growing so slowly in comparison to the metro as a whole, and what the long-term repercussions from this will be.