The tech wealth moving to Austin is a certain type of wealth. It's largely the wealth that is socially liberal, but sure as heck likes the low taxes. For them, Austin is having your cake and eating it too. You get loudly decry everything the state government does while silently enjoying the tax and business environment. It's uniquely Austin seeing how people take comfort knowing if the Austin mayoralty swings too far left that the Capital will crack the whip. It's a win-win all around.
People forget that South Congress was grungy for awhile. People forget that Liz Lambert took a big risk when she bought the motel there, that ACL was only one weekend, and that Whole Foods started here. Before all this, Austin was anchored by the Capital and UT, but now we're getting a SoHo House down the street from the Equinox. And Oracle has a new skyscraper, cool. If I had to bet, it's only a matter of time before we start putting up skyscrapers up North near the Domain where the Amazon's and Apple's are setting up.
And when y'all move here anyways, try to leave Austin weirder than you found it. This is a great city.