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Oracle Moving HQ to Austin

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Re: Oracle Moving HQ to Austin

#191

Post by jldugger »

warmfuzzykitten wrote: post #119
1helloworld1 wrote: post #18

Shouldn't the republican party be worried? If the trend continues and a lot of companies move from California to Texas bringing along a lot of liberal employees with them, won't that tip the already narrowing margin towards the democratic party?

It won't be a problem for local republican politicians as long as people keep moving to already democratic locations like Austin, whose impact has already been gerrymandered away. https://www.texastribune.org/2020/11/13/texas-redistricting-...

You can't gerrymander the senate though, and the 2020 election was 53-44.

Re: Oracle Moving HQ to Austin

#193

Post by microtherion »

I wonder whether that could lead to a measurable decline in 101 commute time if some of their office space remains empty. Subjectively it always felt to me like some of the most congested stretches of 101 were next to Oracle building clusters, but that may be selection bias talking.

Re: Oracle Moving HQ to Austin

#194

Post by sbeller »

tidepod12 wrote: post #115
avl999 wrote: post #100

Earlier quoted context omitted.

> The Californians, after years of having higher salary, more savings, and a job that lets them move, goes to Texas and offers $400k for that same house. The Californian thinks it's a great deal, because they get the same size house they previously lived in for only half the price! And the seller thinks it's great, because he now suddenly gets a huge premium on his previously-valued-at-$250k-house. All of the real es…

The supply of housing isn't a problem in Texas, but "supply and demand" isn't the end of the story. When two Texans want the same house, a bidding war is artificially capped (at, say $300k) because that's all the average Texan can afford. But when a Californian moves in with high net worth and a higher paying job, they can bid much higher, and they don't mind doing so (the mindset I have personally heard from most CA…

> I've personally seen several people be priced out of an area due to this.

Ask a Californian about prop 13 ;-)

Re: Oracle Moving HQ to Austin

#195

Post by mattnewton »

bcheung wrote: post #91
flatline wrote: post #35

Earlier quoted context omitted.

I'm curious what it will do to tech salaries as well. Will developers working remotely for SV companies from LCOL areas be compensated the same as those in SV? Will smaller firms elsewhere have to raise salaries to compete with locals taking non-regional salaries?

Short term: People working remote in other locations will have higher salaries from SV companies since they are used to paying those salaries. People moving from SV to other locations should expect moderate drops (10-20%). In my own experience moving to a 0% state income tax state, it effectively canceled out the savings from CA tax but the cheaper housing more than made up for it. Longer term: Tech salaries will com…

I think the longer term will come to pass faster than many people realize, like 2-3 years fast for new college grads and people moving jobs. Big companies are already signally they will adjust pay based on location, and it's a small leap from there to "fix the glitch"

Re: Oracle Moving HQ to Austin

#196

Post by jldugger »

emteycz wrote: post #175
jldugger wrote: post #125

Earlier quoted context omitted.

Is that ever true? I'm pretty sure you pay income tax in the state in which you work, regardless of where HQ is.

You're talking about the employee while the GP is talking about the employer. Both have their income (personal or corporate) taxes, so both statements are true.

Are you sure?

> employees pay income tax

Re: Oracle Moving HQ to Austin

#197

Post by [deleted] »

birdyrooster wrote: post #49

Average high/low temperatures in the summer for Austin are: June. 92° / 72° July. 96° / 74° August 96° / 74° Average high/low temperatures in the summer for Cupertino are: June. 75° / 55° July. 76° / 58° August 76° / 58° Austin will never, ever be like Silicon Valley because of this. The freedom you get from cooler weather is great from an energy utilization stand point and for allowing safer and more desirable condi…

[deleted]

Re: Oracle Moving HQ to Austin

#198

Post by jldugger »

syntaxing wrote: post #11

I'm super curious how this will WFH Covid-era will play out for the Bay Area. I think the question I haven't figured out is job mobility. Pre-covid, even if you lost your job here as an engineer, finding another company thats interesting with the right pay isn't too hard which is one of the best appeals of SV. I wonder how this will play out in terms of this dynamic.

If rents and prices fall to 2014 levels, would anyone notice?

Re: Oracle Moving HQ to Austin

#199

Post by tylerFowler »

tidepod12 wrote: post #67
rainyMammoth wrote: post #10

How long before all the Californians make Austin the exact same place they fled from?

"Californication" (yes, as referred to in the Red Hot Chili Peppers song) has been a thing for almost a century now. Oregon literally tried to ban immigrants from California back in the 1940s, and Coloradoans have a notorious saying from the 60s "Don't Californicate Colorado" (it used to be a pretty common bumper sticker) due to this effect. Go to Wyoming or Idaho and people feel the same way. California has unfortun…

I moved from Austin to SF in November 2019 (horrible timing, I know). Before I left I was at a piano bar downtown and some of the bartenders had shirts that said "Don't forget to leave" written on the back, I also worked with some native Austinites, this mindset is getting stronger.

Re: Oracle Moving HQ to Austin

#200

Post by jeffchien »

PaulDavisThe1st wrote: post #145
908B64B197 wrote: post #88

Earlier quoted context omitted.

If I was mayor of a small town I would be rolling out fiber like there is no tomorrow and zoning everything to allow for detached units like these [0]. Interests rates are at their lowest and the rise in property value should more than pay for it. [0] https://www.dwell.com/article/prefab-home-office-accessory-d...

no idea why but that page is essentially unreadable here on both firefox 83.0 and chrome. I do use ublock origin and 68k lines in /etc/hosts to block stuff, but still ...

Seems like the AdAway hosts list blocks assets.dwell.com for some reason... Not entirely sure why.
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