House prices are falling fast in this former boomtown - now airlines are fleeing

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House prices are falling fast in this former boomtown - now airlines are fleeing

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In recent months, Austin, Texas, has become a symbol of what can happen when airlines and homebuilders get too excited about a city's boom in popularity. In part due to thriving tech and music industries in the city and low state taxes, Austin has seen an influx of new residents in recent years - a trend which accelerated during the pandemic. The population of the wider city soared from 1.
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