In the last five years, Austin TX has seen the second largest increase in home values in the state. From December 2013 to December 2018, the median home price jumped 33 per cent, from $226,000 to $301,391. Thanks to the Austin City Council, those increases are likely to come to a screeching halt.
Why? Besides the music on Sixth Street, and not having to fly to SXSW, what do you really get for your $300,000? You get to pay $5,946 every year in property tax. Money that your city and county are supposed to use to keep your neighborhood clean and safe.
Because of a new ordinance that became effective on July 1, you also get to have a homeless camp on your sidewalk, complete with mattresses, tents, and shopping carts. And you can’t do a thing about it.