Austin is booming. Thank God they passed that measure to build an LRT system.
>Texas’ capital is attracting more corporate jobs and remote workers than ever before, lured by lower costs and lower taxes. Business relocations to Austin announced this year are expected to create nearly 10,000 jobs. That is the city’s highest figure on record for a single year, according to the Austin Chamber of Commerce, and is helping offset the hit from Covid-19 to the city’s tourist-dependent restaurants, bars and music venues.>New construction is booming: Austin added more new apartments—relative to the size of its housing market—than any other major U.S. city between 2014 and 2018, according to the National Apartment Association. Austin’s annual building of rental apartments accounted for an average of roughly 1.4% of the city’s housing stock during that period, the group said.>It helps that Texas has no state income tax, that Austin winters are relatively short and mild, and that social distancing is easier in a city where homes tend to be roomy and many have backyards. Austin has also managed to remain cheaper than San Francisco, Brooklyn and Manhattan by building tens of thousands of apartments over the past decade.https://www.wsj.com/articles/covid-19-remote-work-make-austin-a-magnet-for-new-jobs-11607423401 