(Community Matters) “Austin is getting much wealthier: In 2000, 14% of households in Austin (city) had incomes of at least $100,000. In 2012, it was up to 24%. In 2000, households with incomes of less than $15,000 outnumbered households with incomes of $100,000 or more. In 2012, $100,000+ households outnumbered < $15,000 households by almost two to one. This is a remarkable shift in the city’s demographics in a very short amount of time and can go a long way toward explaining why housing is so expensive, especially in centrally located neighborhoods.”
from Brian Kelsey’s latest blog posting on Austin’s Growth.
and I like his two recommended priorities:
1. Make Austin the first city in the US to eliminate working poverty
2. End veteran homelessness