One thing I have noticed in this world is that hypocritical pseudoleftists do a lot more damage, than real leftists or real conservatives, because they think morality is on their side when they wreak havoc.
Also, Russian oligarchs and third-world despots fucked up the real estate markets in NY and CA. They don't live here, but they buy, and that affects everything and makes it a lot more competitive.
This is not a dig against Austin; but the good news is that the foreign speculator scumbags are not going to take an interest in Austin any time soon.
I don't live in Austin, although it sounds like a really cool place. My personal belief is that it needs some kind of centralized planning to keep inefficient growth that becomes tomorrow's legacy problem. I don't like the NIMBY regulations and self-serving injected complexity that often come about; but some kind of planning that encourages environmentally sound and healthy development is always a good thing.