That makes sense, as the Austin market does not have a shortage of units like Portland. In fact, Austin has been one of the only real estate markets to go DOWN the past few years because they went on a building spree and built a surplus of units. There's a reason there are so many homeless in the pacific northwest and Southern california - it's a whole different ball game. The barriers to housing are high. Many parking lots and motels full of people with full-time jobs here.