alt Hacker NewsThe number of Tech people moving from SF to Austin and back is going to have negligible influence on the average rent in the entire city.
The number of Tech people moving from SF to Austin and back is going to have negligible influence on the average rent in the entire city.
You mean the folk with highest purchasing power (2-3x median wages of the average person in the city) moving in and out of the city have negligible impact on the average rent in the entire city? I guess the 20% increase in rent in 2021 in Austin was just vibes.