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☆ People are leaving Texas over rising costs, partisan politics, and a sense of disenchantment
  + stars: | 2023-11-26 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +6 min
Business Insider wants to hear from you. Over 494,000 people left Texas between 2021 and 2022 (though the state gained a net population of 174,261.) "The property tax percentage rate is higher," Marie Bailey, a Texas-based realtor who moved from El Segundo, California, to Prosper, Texas, in 2017, previously told Business Insider. AdvertisementFor Texans, "the Midwest has emerged as popular recently because it is just by and large the most affordable region," Hannah Jones, Realtor.com's economic research analyst, told Business Insider in October. Burse told Business Insider in September that it played a crucial role in her decision to relocate to Texas in 2021.
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☆ Housing affordability is so bad that it's the only thing liberal and conservative voters can agree on
  + stars: | 2022-11-11 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +6 min
On Tuesday, millions of voters nationwide casted ballots in favor of affordable housing measures. "It's especially heartening to see many ballot measures that support affordable housing pass this year with a clear majority of votes." Austinites aren't the only voters desperate for affordable housing. Kansas City voters gave the green light to a $50 million affordable housing bond that will create 2,000 units in the city. This year, lawmakers brought forward proposed affordable housing bonds via Measure U in Oakland, Measure L in Berkeley and Measure ULA in Los Angeles.
☆ Austin, Texas locals have been priced out by wealthy out-of-state tech workers. Now the government is stepping in.
  + stars: | 2022-11-10 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +4 min
A new $350 million housing bond is intended to help Austinites struggling with the high cost of living. The tax-supported housing bond, named Proposition A — which will cost the typical homeowner an additional $45 a year in property taxes — is the city's largest housing bond to date. According to Austin eligibility guidelines, families earning 80% or less of the area median income are considered low-income. However, in 2023 most of the fund has nearly dried up — at a time in which the city's cost of living has risen to astronomical levels. "This is the third housing bond that this city has passed in the last eight years, 10 years," Adler told KXAN News.
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