Sounds no different than here. At one time Austin was rated as the top place to live in the USA by some magazine - 3 years in a row! That was surely the kiss of death. The growth is crushing for traffic reasons and lack of useful public transport alone, but then for a time the homeless camping ban was repealed. We must have gained 200% homeless population in a few months. The ban was later reinstated when they put it in front of the voters, but the problem persists. I used to live right in town, Austin proper, but I've since moved to the suburbs.
At least since I changed to a different department with my employer that is located in a different part of the city, I no longer have to deal with it as much. In my old location there was a HUGE homeless encampment right down the street. They live under a bridge at night and come up in the day to beg for money, turn tricks, sell drugs, etc. At one time the city cleaned up the whole deal under the bridge after a fire broke out under there, it took them days and multiple semi dump trailers to get it all out of there. Now, my new office is an upscale neighborhood where houses go in the $1M and there are no homeless in sight. I feel safe walking places again around my office.
I saw a news article the other day that Austin is on track to become the least affordable market outside of California. I don't know why people move here anymore, and I wish they would stop. I mean if you want to live in town, it's going to cost you $1M plus to live in a decent neighborhood with decent schools, or you're going to be sitting in traffic for an hour to get to work (well, once things cycle back to normal anyway). Nevertheless, Oracle has moved it's HQ here, Apple is building a gigantic expansion to it's campus, and there is the new Tesla factory under construction. The city has tripled in size since I moved here 29 years ago and it is not a better place to live for it. Long term, I'm looking for the exit. Austin was a medium sized city when I moved here. It's now a large city by any reasonable metric.