alt Hacker News> At the end of the day, housing in Austin is relatively inexpensive. There are real options below $300K.
This is so insanely out of touch. Most people will never be able to afford a house over $200k, even in Austin. I live here, you apparently live in California. As a resident, let me tell you that Austin is not affordable, and definitely not "inexpensive". Housing here is relatively inexpensive compared to the most expensive metros in the world, it's not relatively inexpensive compared to the US housing market, or more relevantly, the Texas housing market. This isn't the Bay Area, it's the middle of Texas.
> A lot of "ugly" 5-over-1's have been built in Austin, and it's working to keep the place affordable for working class people.
Austin isn't affordable for working class people and it hasn't been for a long time, so no, those new constructions aren't keeping it affordable, they've just stopped the insane rent increases that were coming every year for more than a decade. A living wage in Austin for a single person is $100,000, for a family it's $200,000, and that is well above the median household income of ~$90,000. Working class people are well below the median and aren't making $90,000 per year. These numbers are from an article in our local newspaper from this week. [0]
[0] https://www.statesman.com/news/local/article/austin-cost-of-...
I literally grew up in Austin. I understand the Austin housing market. I understand is not cheap. That doesn’t mean it’s not affordable.
According to your article:
> Based on those costs, MIT estimates the living wage for a family of four in the Austin metro area is $112,866 a year, or $49,322 for an individual.
That’s well below median household income.
> The organization created a “Household Survival Budget,” which includes housing, child care, food, transportation, health care, technology, taxes and miscellaneous expenses. According to the group’s estimates, the living wage for a family of four in Travis County is $102,096 with two kids in child care and $85,356 with no kids in child care. For a single adult, the survival budget is $39,924.
Again. When we are talking about the housing crisis in the Bay Area, we are talking about small condos costing $1M. Just forget having anything be closer to median income affordable for a family of four. In Austin that’s still possible. It’s not Milwaukee, but it’s a functioning housing market.