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Silicon Valley exodus: Bay Area tech companies leaving for Texas

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Re: Silicon Valley exodus: Bay Area tech companies leaving for Texas

#51

Post by dboreham »

rectang wrote: post #38
cheriot wrote: post #20

I think this is over played because the articles get views. First the Bay was in trouble because everyone is going to work from Tahoe and Iowa. Then tech companies continued to lease new office space so we've got to have a different doomsday. Are the headquarters staff for these three companies vital to the Bay area economy? I'm not too worried. The more interesting question is which city will have the largest crop o…

"Fleeing California" articles are evergreen on HN. I can never tell if there's anything new, or if it's just people voting up the usual nothingburger, presumably to express displeasure with California culture or governmental policies.

Feels like someone is pulling the strings here. Same thing happened a year or so ago with numerous articles about how robots and self-driving trucks were going to take all the blue collar jobs.

Re: Silicon Valley exodus: Bay Area tech companies leaving for Texas

#54

Post by proverbialbunny »

presentation wrote: post #19
neom wrote: post #11

Does climate change play an unspoken role in this? Is California is an increasingly unstable place from an ecology perspective?

There are many negative things about living in California, but I’ve never heard anyone say that an unstable ecology is one of them.

Actually, it's one of the most commonly cited reasons.

One of the more common reasons people are leaving CA is retirement. In the 90s and thousands, it was pretty popular for people to move to Sacrament (Granite Bay and Auburn) to retire. Today it's Tahoe and out of state. People love to retire in the forest, but if it's going to light your house on fire, people will look elsewhere.

Re: Silicon Valley exodus: Bay Area tech companies leaving for Texas

#56

Post by hellisothers »

I’ve read a lot of “the party is over” Bay Area exodus articles and this one is pretty limp, it did nothing but reiterate the news that a couple companies recently left and then poorly rehashed all the usual tropes. It even misrepresents how taxes work with “the absence of a state personal income tax amounts to a 13.3% raise for top earners”.

Not worth arguing about here.

Re: Silicon Valley exodus: Bay Area tech companies leaving for Texas

#58

Post by dannyincolor »

rectang wrote: post #38
cheriot wrote: post #20

I think this is over played because the articles get views. First the Bay was in trouble because everyone is going to work from Tahoe and Iowa. Then tech companies continued to lease new office space so we've got to have a different doomsday. Are the headquarters staff for these three companies vital to the Bay area economy? I'm not too worried. The more interesting question is which city will have the largest crop o…

"Fleeing California" articles are evergreen on HN. I can never tell if there's anything new, or if it's just people voting up the usual nothingburger, presumably to express displeasure with California culture or governmental policies.

They’re evergreen anywhere you find people who low-key wish they could live in CA but can’t. It’s weird; just enjoy your state and do the best to make it better.

Truly don’t get why people who don’t live in CA have so many opinions about it. Most states have problems on par with their economic power and population size; not much more too it than that but “hurr liberal policies are gonna ruin the whole country!” get the low-hanging clickbait (RevContent, etc.)

Re: Silicon Valley exodus: Bay Area tech companies leaving for Texas

#59

Post by pb7 »

s0rce wrote: post #49
ewmiller wrote: post #26

Earlier quoted context omitted.

What particular policies did people vote for that contributed to their reasons for fleeing?

Lots of nimby policies (Prop 13, blocking new construction) significantly raises housing costs for everyone, I suspect this isn't a small part of why many people leave.

And you think the people leaving are the ones that voted for this? Can you explain what leads you to think that?

Re: Silicon Valley exodus: Bay Area tech companies leaving for Texas

#60

Post by BurningFrog »

lavishlatern wrote: post #35
readams wrote: post #7

I wonder if the people fleeing California will end up voting for the same bad policies that are the reason they had to leave in the first place. That is, do they connect the bad policies to the bad outcomes, or will they still favor the bad policies? There is one major area for tech people where Texas may prove a nasty surprise to employees: non-compete agreements. For large employers this may be a bonus though as th…

Alternatively, the influx of tech money greatly increases the cost of property in Texas. In turn, senior residents start to no longer be able to afford to keep up their property taxes. Eventually a proposition appears on the ballot to limit the growth of property taxes...

I'm Texas, increased demand for housing results in production of more housing.

This keeps prices reasonable, and gives people somewhere to live.

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