I left Austin 4 years ago and lost week went back for the first time. The city is almost unrecognizable with so many new buildings and apartment complexes, which helped keep the rents somewhat down comparing to soaring property values. I had to slash the rent on my own property for about 10%. Its value is also down more than 10% comparing to the peak in late 2021.
Long Island, where I live now, is the worst place for renters I’ve ever seen, which is mostly because new developments do not exist, and there’s a massive low and medium income housing shortage getting worse by fucking NIMBYs. Every time a builder attempts to build a large apartment complex there are protests and shit. In my town they managed to stall a project since 1979s.