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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

#91

Post by DylanDmitri »

alexmingoia wrote: post #70
pb7 wrote: post #18

Earlier quoted context omitted.

Is there any evidence that the people moving are responsible for the bad policies? Something tells me the NIMBYs that bought their homes decades ago and pay $3.50 in annual property taxes aren't going anywhere.

What do low property taxes have to do with high rent and lack of housing? Higher property taxes would result in higher rent and property prices...

If my understanding is right, if you purchase a house and you (or your kids) have been living in it continuously you pay taxes on the original purchase price, rather than current value.

These tax savings pass to homeowner families who stay in one location for multiple decades, especially as land values rise.

Homeowners are very opposed to being displaced, since moving means their taxes would reset to a higher level.

Renters are excluded from these savings.

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

#92

Post by alexmingoia »

DontGiveTwoFlux wrote: post #73
alexmingoia wrote: post #70

Earlier quoted context omitted.

What do low property taxes have to do with high rent and lack of housing? Higher property taxes would result in higher rent and property prices...

High taxes incentivizes more productive use of real estate, such as multi family housing.

Only to the extent that it makes single family homes unaffordable. Lower taxes incentivize building any type of housing, and cheaper rent for multi-family buildings.

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

#93

Post by ProfessorLayton »

bcheung wrote: post #27
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…

They will probably favor them in the beginning but I think a lot of that comes from the SF bay area echo chamber. Getting exposure to different cultures will probably average things out more politically leading to greater acceptance and diversity of thought.

It is worth noting that the Bay Area is impressively diverse already, especially when considering how remarkably not-diverse cities were not that long ago. Cities like San Leandro went from 99.3% white in the 60s to having no racial majority today.

I'd argue that one should step out of their tech bubble and experience the awesome cultures that already exist within the Bay.

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

#94

Post by [deleted] »

bcheung wrote: post #82
pb7 wrote: post #18

Earlier quoted context omitted.

Is there any evidence that the people moving are responsible for the bad policies? Something tells me the NIMBYs that bought their homes decades ago and pay $3.50 in annual property taxes aren't going anywhere.

High taxes, high cost of living, and bad policies were the primary reasons I left CA. Property tax assessment was 1/6th of fair market value (thank you prop 13). Still decided to leave. Got a house almost 3x the size for the same price, and no homeless tents everywhere is a nice bonus.

[deleted]

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

#95

Post by rriepe »

ewmiller wrote: post #32
tesmar2 wrote: post #23

Earlier quoted context omitted.

I'd imagine the owners will, but who knows about the employees. Liberalization in general is happening through the government schools. Pull the kids out, teach them at home or put them in a private school you trust.

“Liberalization” is a massive generalization and I don’t see what connection you’re making between public school curricula and reasons someone might move out of Silicon Valley. It seems a bit silly to do so. Besides high housing demand and concentrated wealth, what contributed to the way Silicon Valley is today that has anything to do with public schooling?

Schools train people to believe the TV, and to think of the people who don't believe the TV as dangerous. It's terrifying.

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

#96

Post by dannyincolor »

selestify wrote: post #64
exabrial wrote: post #10

High taxes, regulations for everything, the government running every part of your personal life, cancer labels on everything... seems like a dream come true. What went wrong?

> the government running every part of your personal life Hyperbole much? The rest of your comment can be dismissed based on this alone.

I always wonder if these commenters even live here? I moved from (edit: one of) the most deregulated states in the Union to CA and I have yet to see any tangible example of this.

I’d like to know what specific events or changes or limits on freedom are being referenced. I’m even a (very prolific) gun owner, and found CA’s laws to be perfectly reasonable for my self-defense and hunting/sporting needs.

Seems like a lot of anti-CA hype so far; perfectly fine with being proven wrong, but just don’t see the real world evidence to back these claims.

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

#97

Post by xyzzyz »

njudah wrote: post #68
trident1000 wrote: post #47

Earlier quoted context omitted.

The LA mayor is telling people to not walk outside because of covid. If thats not absurd big liberal govt policy idk what is. Who would want to live somewhere where the govt thinks they can do that. Your rights as a person dont vanish in a crisis. https://fortune.com/2020/12/03/los-angeles-new-lockdown-rule... dannyincolor - He issued an order. Its not an ask. This isnt a where you live thing, this is a govt overstep…

The Attorney General of Texas filed a lawsuit claiming the results of election in four other states were invalid. If that isn't rejection of the constitution and democracy I don't know what is.

They had a dispute, and filed a court case, which was dismissed. What’s undemocratic about that? If they ignored the court verdict, that would be rejection of constitution and of republican system of government, sure. However, addressing legal and constitutional complaints through justice system is as constitutional and small-r republican as one can get.

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

#98

Post by logicchains »

W-Stool wrote: post #30

Given that the Texas GOP leadership recently mused publicly about seceding from the United States I wonder how many of the people and companies that left California for Texas would be pleased to wake up one morning and discover they now live in a foreign country? My guess would be: "not so many".

People are self-interested, they might not mind if the new country halves their tax burden.

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

#99

Post by Finnucane »

chrisco255 wrote: post #43
lavishlatern wrote: post #35

Earlier quoted context omitted.

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...

There's a lot of land in Texas, and they're not opposed to building high rises.

Also, not opposed to building explody chemical plants near residential areas. But I suppose the Oracle folks moving in have enough money to avoid that.

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

#100

Post by bordercases »

ProfessorLayton wrote: post #93
bcheung wrote: post #27

Earlier quoted context omitted.

They will probably favor them in the beginning but I think a lot of that comes from the SF bay area echo chamber. Getting exposure to different cultures will probably average things out more politically leading to greater acceptance and diversity of thought.

It is worth noting that the Bay Area is impressively diverse already, especially when considering how remarkably not-diverse cities were not that long ago. Cities like San Leandro went from 99.3% white in the 60s to having no racial majority today. I'd argue that one should step out of their tech bubble and experience the awesome cultures that already exist within the Bay.

It's diversity of the uninteresting sort. Ethnic diversity doesn't imply ideological diversity.
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