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I think this is a major news for Silicon Valley. Schwab, HPE, now Oracle. I hope that this would give somebody in California Legislature a pause.
Is _this_ the point where everyone and their grandpa has finally figured out that Austin is cool, and therefore it is automatically not cool anymore? What's the next hip town?
It's a beautiful building that gentrified the whole area, for better or worse. I ate there a couple of times, it's nice inside too!
I love biking/walking around the Oracle campus area because they made a bike path and the area is safer than it was before. That being said, I know a couple of people who work there and they don't like their job - it's thankless - but I think that's the same with all big companies where you're just another number.
When the pandemic hit everyone started working from home and this mega-building was pretty much empty. I am not surprised they're gonna move their HQ here. That's because they got plenty of office space to fill amongst other reasons. Also with favorable taxes and lots of space to expand (if they ever need to) as they hire more and more people. Good thing for those who purchased homes near the campus! Their value will keep increasing as more "execs" move here after the pandemic settles.
Is _this_ the point where everyone and their grandpa has finally figured out that Austin is cool, and therefore it is automatically not cool anymore? What's the next hip town?
How long before all the Californians make Austin the exact same place they fled from?
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 conditions outdoors. Not to mention you have much more beautiful choices of nature in Northern California. Think about whenever you travel to Austin for conferences, it's oppressively hot and you basically travel from one air conditioned building to the next. Now imagine 10 years time of increased global warming. California will still be coastal to one of the coldest waters in the world at this latitude, which is a natural air conditioner. To me this spells the end of Oracle's supremacy in anything other than selling smaller and smaller volumes of mainframes.
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.
How long before all the Californians make Austin the exact same place they fled from?
California and NYC were great great states, and after decades of democrat governments, companies decide to move thousands of kilometers so they can leave these states in favor of Republican states.
There's so many of individual decisions along these lines.
YEt, I am not aware of anyone leaving a red state to live under the woke shackles.
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.
Earlier quoted context omitted.
NY -> Miami California -> Austin I think you could probably chalk a lot of this up to where company leadership has their vacation homes.
You are being downvoted for a seemingly flippant remark, but someone should really check whether senior execs conveniently are already well positioned to move there.
1. No state income tax.
2. Comparatively cheaper home prices, though with news link this perhaps not for long, centrally located Austin single family homes are incredibly expensive now.
3. Vibrant tech and VC community - not at the same level as SV but a not-too-distant second-or-third.