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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

#41
post #25

Earlier quoted context omitted.

Texas doesn't have a full time legislature so unlike California the amount of damage they can do is limited.

Even better than a part time legislature, in fact. Texas only meets for a few months every other year.

On top of that, a huge fraction of the laws are written directly in the constitution, meaning that without a supermajority it's impossible to change almost anything.

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

#42
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…

Totally agree, it all depends on where the next FAANG comes from, not what Oracle and HP are doing

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

#43
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...

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

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

#44
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…

I left downtown SF in 2018 for Nashville and couldn't be happier. I am fiscally conservative/libertarian so definitely did not align with the bay area politics and echo chamber. The last three years in Nashville have been some of my happiest, but also the most financially successful of my life. Just purchased a home here in Nashville that would be unobtanium in California.

I made this point about not voting for the same policies that caused people to leave California in the Oracle exodus story and got downvoted to death.

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

#45
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.

I don't know about unstable ecology, but I'm kind of tired of the yearly weeks of forest fires causing dangerous air quality here in the bay area.

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

#46
I had a pretty popular take last week on Elon Musk leaving. The same station is now pushing this narrative. I think they are click baiting us all.

HP is not SV. Oracle isnt SV. They arent major players. Maybe there is a larger trend that may come to fruition, but I dont think that will happen. Also, Austin Tx is over crowded already. There is a housing shortage there, we are doomed to see another SF real estate shortage if this becomes true.

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

#47
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…

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

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 overstepping their bounds thing. Id have no problem with asking.

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

#49
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…

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.

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

#50
post #11

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

To be clear, climate change affects Texas too - it gets hotter here every year.

https://www.keranews.org/2019-08-22/austin-makes-top-10-list...

And unfortunately we have our share of deadly wildfires as well (https://en.wikipedia.org/wiki/Bastrop_County_Complex_Fire), although thankfully not to the same degree that California does.

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