Downtown Austin TX is exploding in high-rises and I ask myself that same question.

I mean if I, a single, mid 20's, tech guy, making 6+ figures isn't willing to spend $3k on a one bedroom apartment or $1.3 million on a condo(like the software dev in the article, wait what?!) then who is?

I have a 2bd, 3 miles from downtown for $1k a month and newly built/refurbished homes in the same area are going for $600K. I just don't know who is buying in the towers. I have heard the vacancies are quite high and most of the buildings look empty from the outside.