The 234 Apartment

Nearly two-thirds of Austin renters looking to settle down somewhere else are largely doing so because of affordability, according to a new report from the research firm Apartment List . While the 65 percent of city renters leaving isn't all that different from the national average of 64 percent, the reason they're leaving should be a concern. “You know, long- term Austin renters who have seen prices rise through the roof over the last decade may realize that, if they hope to purchase a home, they might want to relocate somewhere more affordable,” said Sydney Bennet, a research associate with Apartment List .  Affordability topped the list of reasons for 35 percent of renters leaving Austin , according to Apartment List , which compiled national apartment listing search data for the analysis.  While Austin has long had a hot rental market , with an influx of young professionals and a tighter housing supply , more than half of Austin households are renters. But, when renter...

“And suddenly they were able to help us and to buy things that we cannot buy,” he said. “It was like a housekeeper buying your house. That is awkward.” The conditions in both countries created a perfect match: As Portugal reeled from a financial crisis a few years ago, Angolans were enjoying an oil boom that provided enormous opportunities for self-enrichment by the elite, particularly the president’s family and inner circle. Angola is often listed as one of the world’s most corrupt nations. And Portugal has been singled out for its laxness in reining in money laundering and bribery, particularly in its dealings with Angolans, according to the Organization for Economic Cooperation and Development, the research and policy organization of the world’s richest countries. “In Angola, they call Portugal the laundromat,” said Ana Gomes, a Portuguese lawmaker in the European Parliament and a member of Portugal’s governing Socialist Party . “It’s because it is.” But the two nations’ relationsh...