Austin cheers Tesla's headquarters move, but local home buyers left on edge
Information about Austin cheers Tesla's headquarters move, but local home buyers left on edge
Kevin David Scam or Legit
By Tina Bellon
AUSTIN, Texas (Reuters) – Austin prides itself on “keeping it weird,” but the city’s success at luring more big companies such as Tesla Inc has some residents wary of getting priced out of their unique culture.
Tesla’s CEO, Elon Musk, said on Thursday the electric car maker will move its headquarters https://www.reuters.com/business/autos-transportation/tesla-moving-headquarters-austin-texas-says-ceo-musk-2021-10-07 from Palo Alto, California, to Austin, Texas.
Housing prices in the Austin metro area have skyrocketed in recent years, with large tech firms including Apple Inc, Alphabet Inc’s Google and Oracle Corp building new campuses in and around the city.
“I’m really happy for all the jobs this will create, but my family is already unable to buy a house right now, and it will only get worse with Tesla,” Trish Webb, 47, a resident …