Mayor Adler Joins California Company That Buys Homes and Converts Them Into Vacation Properties

KEY POINTS: Austin Mayor Steve Adler has joined the advisory board of Pacaso, a controversial venture-backed tech company that acquires single-family homes and sells shares of them to vacationers and investors Founded by a group of former Zillow executives, Pacaso has sparked litigation in California, where the company is accused of transforming communities into “adult ...

Compatibility, Not Incompatibility, Is the Foundation of Affordable, Livable Cities

We reported last week on the Austin City Council’s “midnight special” proposals to reduce the compatibility of corridor buildings with adjoining or nearby residential uses. The details will remain unclear until the city releases the council’s amended Vertical Mixed Use (VMU) ordinance and its resolution dealing with proposed general changes to compatibility standards. But the ...