It seems like just yesterday that tech companies were fleeing California’s high costs and setting up shop in cheap, hip Texas cities such as Austin. But TechCrunch reports that the Lone Star State has “lost its luster” in recent months. The weather is merciless, the housing market is broken, the power grid is shaky, the supposed benefits hide hidden costs, and there is “a perceived lack of diversity.” People who moved here for affordability reasons quickly realized the city was not as inexpensive as they expected — especially when it came to housing. Austin’s housing market went berserk in 2020 and 2021… Funding is also down. Venture funding in the city totaled $6.75 billion in 2021 and $
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