It matters on when. Austin is one of the fastest growing cities in the US for this exact reason. Its having a HUGE impact on the price of housing. What I bought in 2009 is now worth double (good for me, bad for new buyers).

We have shit transportation infrastructure & the housing market is (for us) insane.

All this Austin talk...seriously, the tech scene in Texas has moved on to Dallas...the actual highest growth city in the U.S. Many people from Austin have already come here.