Schwab Leaves San Francisco for Texas • Hacker News Board

Re: Schwab Leaves San Francisco for Texas

#321

Post by cgriswald » Tue, Dec 03, 2019, 8:20 PM UTC

jimmaswell wrote: post #320

cgriswald wrote: post #319

Earlier quoted context omitted.

I'm struggling to see how someone who got $1MM+ in free equity would be priced out of a home they could previously afford; or how the current system that prices people who grew up here out of the entire area is somehow more fair.

Work your whole life and live in a moderately priced home. Housing prices around you drastically shoot up for reasons outside of your control while you're in your 60s. Not fair to be forced to move at that point I think.

It's a good thing you're not forced to move at that point, then. If your home value goes up, you've got a lot more equity you can borrow against. There are many investment vehicles at that point that are very low risk and will cover the meager 1% property tax (less in CA) you'll be paying.

Re: Schwab Leaves San Francisco for Texas

#322

Post by shostack » Wed, Dec 04, 2019, 4:20 AM UTC

dang wrote: post #281

shostack wrote: post #251

Earlier quoted context omitted.

What a myopic, hateful comment. You are no more entitled to keeping it as whatever idealistic version you have in your head as they are making it into theirs. Also, I'll note that trying to sow discord between groups of people in the US, and very specifically promoting the secession of California, is a known Russian active measures tactic.[1] [1] https://www.bbc.com/news/blogs-trending-41853131

Please do not take HN threads further into political, ideological, regional, or nationalistic flamewar. https://news.ycombinator.com/newsguidelines.html

Serious question--what is the best way to report or educate other thread participants about these sorts of things? I cited a credible source as to the usage of that topic as part of active measures. Are we just supposed to let those topics fester here?

Re: Schwab Leaves San Francisco for Texas

#323

Post by mixmastamyk » Fri, Dec 06, 2019, 7:23 AM UTC

nickthemagicman wrote: post #304

0xffff2 wrote: post #144

Earlier quoted context omitted.

Schwab offers commission free trades now.

What does it offer then if it's no longer a brokerage?

Why do you think it’s no longer a brokerage?

Re: Schwab Leaves San Francisco for Texas

#324

Post by blackflame » Thu, Dec 12, 2019, 7:06 AM UTC

jdavis703 wrote: post #199

blackflame wrote: post #118

Earlier quoted context omitted.

When will the people of SF learn you cannot tax yourself to prosperity

The City & County of SF has the seventh highest median income of all U.S. counties [0]. The GDP of the Bay Area ranks ahead of all but 16 countries [1]. If taxes are correlated with prosperity it'd seem as though SF had found a way to tax itself to prosperity. (Of course in reality economics and tax policy are far more complicated than this). 0: https://bea.gov/newsreleases/regional/lapi/lapi_newsrelease.... 1: https…

You can’t ride on the coattails of FANGO (Oracle) forever. For every person doing well you have just as many doing drugs in a tent on the streets below multimillion dollar 2 bedroom lofts

Re: Schwab Leaves San Francisco for Texas

#325

Post by blackflame » Thu, Dec 12, 2019, 7:08 AM UTC

_-david-_ wrote: post #201

cjsplat wrote: post #196

Earlier quoted context omitted.

Where they will learn that Texas government pays for itself with oil and gas extraction taxes, which don't exist in California.

The Bay Area pays for itself with the tech industry.

No, the Bay Area rides on the coattails of tech. Severs can be anywhere and the second they decide Nevada (Cough Oracle) is cheaper, good by to all the money financing the impractical public policy. Humans are naturally selfish and greedy. That is fundamentally incompatible with any socialization of sufficient size