I may have an opportunity coming up to work in greater Austin. It's tempting for many reasons, and I like the area, but I don't think I can make it work for exactly that reason...housing prices are sky high.
For me it would mean trading a lot of financial stability for quality of life, or having a commute similar to yours. Living in or near the city is probably still manageable for those who have been there for many years, but I think most newcomers will find housing prohibitively expensive.