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Some people lament the decline of Silicon Vally companies like Tesla and Oracle moving out. I argue it could be a good thing. These giant enterprises are not really a pinnacle of entrepreneurship and innovation anymore. Let them move elsewhere and keep the Bay Area nurturing new entrepreneurs and startups. It is huge cubicle farms vs. garages and coworking places kind of distinction.
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Most towns won't do this because most of its existing tax base will hate it despite it being a good idea. And they vote!
I don't see what they have to lose. Their house and land might be worth more.
The Mom & Pop coffee shop and hardware store.
The ability for their children to live down the street, because they have been priced out of the market.
There are many things that change when your house and land are worth more money.
Some people lament the decline of Silicon Vally companies like Tesla and Oracle moving out. I argue it could be a good thing. These giant enterprises are not really a pinnacle of entrepreneurship and innovation anymore. Let them move elsewhere and keep the Bay Area nurturing new entrepreneurs and startups. It is huge cubicle farms vs. garages and coworking places kind of distinction.
Drawing experienced personnel from established firms has, as I understand it, long been a big driver for startups in the region. While some established firms leaving isn’t a problem, if it becomes too common, its a problem for entrepreneurship. OTOH, a few established firms with large campuses leaving also means a lot of space without the usual problems involved available for other established firms that get into lot…
Why is it so hard to realize that people want low taxes and light regulation? And that woke culture with it's free speech curtailment are a kind of 1984 environment where someone is watching your words constantly. 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…
Still waiting for the great FAANG from Texas.
Some people lament the decline of Silicon Vally companies like Tesla and Oracle moving out. I argue it could be a good thing. These giant enterprises are not really a pinnacle of entrepreneurship and innovation anymore. Let them move elsewhere and keep the Bay Area nurturing new entrepreneurs and startups. It is huge cubicle farms vs. garages and coworking places kind of distinction.
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"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…
"Go to Wyoming or Idaho and people feel the same way. California has unfortunately been exporting its ridiculous cost of living and lifestyle to the American west for decades, Austin is just the latest to feel it." It seems like that but the actual phenomenon is simply the slow, increasing urbanization of the United States. There are, of course, actual Californians moving into places like Austin and Bend and Colorado…
California today is, for practical analytical purposes, a state with a fixed number of houses. This means we're currently operating in a regime where only the most successful and luckiest people can remain here. Unless we restart our housing production, this will continue.
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>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 general area of the Town Lake trail was always my starting point for runs. My favorite “section” was definitely the trail on either side of the dam. I would park in the lot across the lake from the now Oracle campus and start most of my runs there. I ran thousands of miles with that as my…
I live downtown/East facing. It's a shit show now. All the good things like: - Small bars/businesses - Parks/Green areas - Free parking - Playgrounds are being deleted from the map one by one and they're being replaced with: - Hotels/Large apt. complexes - Huge buildings for big corp/large comp - Paid parking/parking lots - New age bars and posh restaurants - Homeless camps but it's safer to go out out at night at le…
I live in Austin, Oracle has a huge campus here that looks as big as an airport building with terminals/gates and all the trimmings. 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 coupl…
Oracle Redwood Shores (Old HQ) is one of the most beautiful campus of tech company in Silicon Valle with trails etc and a lake where the America's Cup winning Catamaran is parked. Wonder if they will move that to Austin as well.
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Do you mean number of private workspaces that are called an “office” in a building affects how taxes are calculated? So reconfiguring the floors in a corporate building might affect how they file taxes? I’ve never heard of that before...
Yes. And it can be impacted at a municipality level, as well as a state or county level too. So the city of Seattle might have a different way they tax these things than the city of Redmond, in addition to whatever taxes are levied by King County or Washington State. ETA: there are very real reasons big companies have reconfigured workspaces and it isn’t about worker efficiency studies or even fitting more people int…
Could you point to a government website with additional information?
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The term "bidding war" doesn't typically apply to initial offers.
The concept of bidding war includes having to pay more than someone else to obtain something. If a market is so hot that the seller has no reason to even wait for competing offers, then the initial offer has to be high enough to make it worth their while. The initial is your bid, and because you predict other buyers will be able to satisfy the seller's demands, you bid defensively by bidding extra.