Your rent is high because your city commissioner wants it that way 

Here is a number worth sitting with: 18.3 percent. 

That is the share of income the typical Austin, Texas, renter now spends on rent — the lowest on record going back at least 20 years, according to housing analyst Nick Gerli of Reventure App. The typical Austin rent has dropped to $1,565 a month while the median income has climbed to $100,000. Apartment rents are down roughly 22 percent from their 2022 peak.[…]