Home prices are dropping like a rock. And commute times were hell a decade ago.
I think the bigger issue is that these firms bet big on real estate and then the pandemic suddenly clued people in that remote work was possible and now instead of admitting they made a mistake are blaming the issue “on Austin.”
Also: to speak to the diversity part. Read up on Austin’s 1928 plan to intentionally segregate the city. Austin is still one of the most racially segregated. In an interesting turn of events Houston (due to its lack of zoning laws making redlining hard to impossible) is the most racially diverse city in the nation. Amazing what impact a bunch of people a hundred years ago can have on a place even after they are dead and their laws changed.