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It's already a problem. It's not uncommon for home sales in Austin to be all-cash, and 10% over the asking price. It's not all Californians though - a coworker
by chiph 10y ago
It's already a problem. It's not uncommon for home sales in Austin to be all-cash, and 10% over the asking price. It's not all Californians though - a coworker reports Chinese investors buying 3 homes in his neighborhood.
Combine the inflow of new residents with the existing stressed road system and city & county council inaction on mass transit, and traffic is ugly. It can take me 35-40 minutes to go 8.5 miles some days.