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Austin economy growing and rents currently falling. You sometimes hear in Toronto or Boston or San Francisco, "how fast can we build anyway"? This fast. And Austin is still really constrained on building rules!

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Hunter

@StatisticUrban

Jan 24

Austin, TX from the same spot 10 years apart (2014 vs 2024) Pretty stunning transformation.

11:43 AM · Jan 24, 2025

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Avinash (Avi) Collis

@avi_collis

Jan 24

Anything built before 2015 or 2016 in Austin is considered old. There is so much building happening. The rent for the two-bedroom apartment we used to live in fell from 3k (in 2022-23) to 2.6k now!

Progress! (And imagine if you could, like, build three townhouses by right on those East Austin bungalow lots. It's crazy that the Friday Night Lights small-town houses are actually just Austin, five miles from the city center. Clear Eyes More Houses Can't Lose.)

Toronto is growing incredibly fast, with about 2x the amount of cranes as the next city in North America (Los Angeles). However, the growth in demand due to population growth far outpaces supply growth, which isn't as much an issue in other cities in the US.

The population of Austin is growing *much* faster - 20% per decade.

Same happened in Seattle - massive amount of new office and apartment buildings constructed in the last 15 years, mainly near Amazon campus.

Seattle, WA, 2006 vs 2023 : r/skyscrapers

People are leaving Austin because it's not as inexpensive as they expected. Mostly single family homes.

Red states build, blue states put up barriers to building. It's as simple as that.

蓝色之

@Carperinggod

Jan 24

For the same amount of money, I can buy a single family house, and two investment properties, all in cash, or I can still be struggling and have to take loans to get a maybe 2 bed 2 bath in Toronto