During the pandemic, Austin became a hot spot for remote workers and coastal tech employees who were in search of more space, favorable tax laws, and a lower cost of living.
Once you peel back the boldface names who moved to the city and the corporate announcements about flashy new headquarters, the reality of day-to-day living and working in Austin’s tech scene leaves a lot to be desired, according to those Insider spoke with.
“If I was a 22-year-old founder starting something I’d go to Silicon Valley because it’s going to increase your odds of success,” Gurley said, adding that it is easy for people to get distracted in Austin because they might be having too much fun and not focusing on building their businesses.
He listed off a few of his displeasures with Austin, including a bad public-transportation system that led to awful traffic, subpar museums, and general overcrowding that makes it hard for any spontaneous activities — they must be booked far in advance, he said.
Sheharyar Bokhari, a senior economist with Redfin, previously told Insider that Austin is experiencing whiplash after several years of robust buyer demand and price growth.
Stuck in Austin until interest rates or coastal housing prices fall, Chang has spent the summer scrolling through Instagram, envying the friends he left behind in California.
The original article contains 1,672 words, the summary contains 220 words. Saved 87%. I’m a bot and I’m open source!
This is the best summary I could come up with:
During the pandemic, Austin became a hot spot for remote workers and coastal tech employees who were in search of more space, favorable tax laws, and a lower cost of living.
Once you peel back the boldface names who moved to the city and the corporate announcements about flashy new headquarters, the reality of day-to-day living and working in Austin’s tech scene leaves a lot to be desired, according to those Insider spoke with.
“If I was a 22-year-old founder starting something I’d go to Silicon Valley because it’s going to increase your odds of success,” Gurley said, adding that it is easy for people to get distracted in Austin because they might be having too much fun and not focusing on building their businesses.
He listed off a few of his displeasures with Austin, including a bad public-transportation system that led to awful traffic, subpar museums, and general overcrowding that makes it hard for any spontaneous activities — they must be booked far in advance, he said.
Sheharyar Bokhari, a senior economist with Redfin, previously told Insider that Austin is experiencing whiplash after several years of robust buyer demand and price growth.
Stuck in Austin until interest rates or coastal housing prices fall, Chang has spent the summer scrolling through Instagram, envying the friends he left behind in California.
The original article contains 1,672 words, the summary contains 220 words. Saved 87%. I’m a bot and I’m open source!