Woman berates wealthy California tech workers for moving to her city and ... trends now
A TikTok user lambasted California tech workers for invading her city, leading to inflated prices and a low supply of homes.
In a clip that has racked up over half a million views, Austin native Dani berated those who fled to Texas during the pandemic and bought up cheap homes, which they later demolished, turned into pricey Airbnbs or flipped for a profit.
She placed most of the blame on people who fled the Golden State, lured in by the low cost of living and absence of a state income tax.
'They’re trying to sell houses for crazy, crazy inflated prices, and that’s not going to work,' Dani said.
The housing market, she lamented, was 'cooked'.
Austin native Dani berated California tech workers for 'cooking' the housing market in her home city. She placed the blame on those who fled to Texas during the pandemic and bought up cheap homes to rent as Airbnbs or flip for a profit
Last June, Austin's rentals ranked among the most expensive in the country (pictured: an Airbnb listed in May 2024 for $3,942 per night)
Dani said many new arrivals were leaving amid sweeping tech layoffs, without much of a return on their housing investments (Pictured: an Airbnb listed in May 2024 for $3,920 per night)
Austin had the highest net inflow of tech workers of any major city in the United States from May 2020 to April 2021, according to LinkedIn user data.
And while it is debated whether there was a significant 'exodus' of Californians into Texas - studies from the University of California determined otherwise - San Francisco saw a sharp increase in people leaving.
A March 2021 policy brief from the California Policy Lab concluded that departures from the city in the second through fourth quarters of 2020 were 31 percent higher than during the same period in 2019.
And data from the U.S. Census Bureau shows that California lost 75,423 residents in 2023, following a steady pattern that began during the pandemic.
Dani's claim about skyrocketing Airbnb prices holds some weight as well. Last June, Austin's rentals ranked among the most expensive in the country.
A study by ChamberofCommerce.org found that rentals in the city boasted an average daily rate of $373 across all property sizes. An
