Austin's housing recipe:
✅ Targeted upzoning near jobs and universities
✅ Eliminated parking minimums
✅ ADUs allowed on nearly every lot
✅ Streamlined permitting
Result: steepest rent decline of any large U.S. city.
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After decades of explosive growth, Austin, Texas, in the 2010s was a victim of its own success. Lured by high-tech jobs and the city’s hip reputation, too many people were competing for too few homes....