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all the cool kids are movin’ to Austin

♬ original sound - trevor wallace

"Where else would you want to live where it's 93 degrees out, gloomy and smells like queso?" Trevor Wallace said.

TheCalifornian comedian poked fun at new Austin move-ins with $2,000/month dumpsters, plenty of Austiny quirks and an ode to Texas weather in a viral TikTok last week.

Over 1.8 million viewers have seen the video since it was posted on May 5. The post, which channels the woes of some Austinites—and the onslaught of "cool kids" that move in from his home state every day—has more than 275,000 likes as of Tuesday.

Austin's skyrocketing rents were on full display in the video as Wallace approached a dumpster that he claims goes for just $2,000 a month on Zillow ("and it's got a sunroof").

The comedian, who has gained 7.6 million TikTok followers for his often-douchey, clueless characters, also took aim at Austin's culture with these quick-witted quips:

  • "When we move here, what color do you think you're going to dye your hair?"
  • "Did you know if you say brisket three times fast, you'll actually shit your pants!"
  • "I'm actually growing out my mullet right now."
  • "What's my love language? Girls in a pink cowboy hat."
Wallace also commended the southern city's summertime weather. "Today's weather forecast—a Rainforest Cafe that caught on fire, which is pretty good for us," Wallace said in the skit.

Austin landmarks, including the Texas Capitol and Sixth Street, were on full display as Wallace satirized both Austin's queso-obsessed food scene and recent move-ins in one clever stroke.

"You don't know what queso is? (Laughs in clogged arteries) must be from Fort Worth," Wallace said. "That's in Texas, right?"

Wallace also took a jab at Austin's live-in comedian Joe Rogan, its public transportation and the tendency to see a few too many guns for a Californian's comfort in downtown Austin.

"New York has subways, LA's got Ubers, Austin's got scooters... and shooters," Wallace said. "Welcome to Sixth Street!"

In true Austinite fashion, many residents joined in on the lighthearted jokes against their city in the comments, while others took on the age-old duty of asking no more move-ins to make their way to Austin.


With deposition and trial looming, Elon Musk has offered $44B for Twitter, again

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.

Austin rents nearly double in a year and are now in the top 5 nationwide

While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.

The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.

“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.

Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.

The data reflects large apartment communities, single-family homes and 2-6 unit buildings.