411–420 of 451 posts
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Seems like a good time to invest in some Austin real estate
This is exactly how California was a red state during the silicon boom and then turned into a blue state thereafter. Everything gets expensive and then people look to the government.
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"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…
Meanwhile Minneapolis is handling their housing crisis much better than we are. They responded to rising housing prices by liberalizing their zoning code in the hopes of attracting more construction. Portland has done the same thing this year by legalizing the construction of multi-family dwellings on almost any parcel in town. This, of course, is also the secret to Houston's low cost of living. California today is,…
Both Northern California and Southern California on the other hand have hills/mountain terrain which constrains suburban development.
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I remember in the mid-90s, living in Seattle just as one wave of "californication" was drawing to a close and just before the tech boom would start an even crazier rise in housing costs there .... listening to some local talk radio show. A caller was complaining about Californians coming to WA/Seattle and doing just what you describe. The radio host said "well, it takes two to tango, those prices going up reflect the…
Doesn't seem like mid-90s property appreciation in Seattle could have been pinned on Californians anyway. Wouldn't it have been more related to Microsoft, a gigantic and extremely successful company with an in-house Porsche dealership among other perks? I see a similar defective thought process right here in Berkeley, CA. Everyone here blames housing demand on peninsula companies like Facebook, Apple, and Google but…
Likely irrelevant, but reminded me of this[0]: """Basically, we’re moving because of William Whyte‘s rule: virtually all corporate relocations involve a move to a location which is closer to the CEO’s home than the old location. Whyte discovered this principle after an extensive study of Fortune 500 companies that left New York City for the suburbs in the 1950s and 1960s""" Tesla will likely move its HQ to Texas foll…
Interesting, somehow I don’t think how companies where run in the 1950-1960 translates to today Look at the google ML firing/resigning storm, in the 50s someone fired end of story not the CEO saying they will investigate (honesty transparency aside)
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How do you get health insurance? Does your company have an office in your state? If not, do they give you Californi-based coverage, with most providers being out-of-network?
(I am in the same position, working in not-CA for an employer HQ'd in CA.) > How do you get health insurance? Through my employer, like many employees. > Does your company have an office in your state? Yes, though I've not seen the inside of it with my eyes since March. > If not, do they give you Californi-based coverage, with most providers being out-of-network? While your question was conditional on the office, no,…
I was asking because my son works for a tech company and was told that he could only move to states where they had an office, because that's where the company already has health coverage.
Since insurance doesn't cross state lines, if had wanted to relocate to South Dakota they would have to get him coverage with Blue Cross of South Dakota (or whichever carrier) which would require cost and administrative effort. Maybe they just didn't want to go through the trouble for one employee.
Likely irrelevant, but reminded me of this[0]: """Basically, we’re moving because of William Whyte‘s rule: virtually all corporate relocations involve a move to a location which is closer to the CEO’s home than the old location. Whyte discovered this principle after an extensive study of Fortune 500 companies that left New York City for the suburbs in the 1950s and 1960s""" Tesla will likely move its HQ to Texas foll…
I'd guess that Musk personally moved to TX because he's planning on moving SpaceX and (possibly) Tesla HQs to TX. TX has lots of cheap land, low taxes, business-friendly politics, low cost of living (for employees)....CA is basically the opposite and getting worse.
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AFAIK, WFH employees have CA tax obligations when the company HQ is in CA, even if they’re working from other states. So all non-CA employees have less of a tax burden as a result of the HQ relocation.
No, you only pay for time worked in CA. The only exception I found are options/RSUs granted in CA and vested after you've left, these may be taxed in proportion to the time originally worked in CA after the grant.
Non-Quals are prorated
ISOs are taxed in state where exercised
Relevant text: Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas. We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work. Depending on their role, this means that many of our employees can choose their office location as well as cont…
Name anchor link to this text: https://www.sec.gov/Archives/edgar/data/1341439/000156459020... Interesting this sentence is at the end of this 40+ page document under the section "Other Information". The very first page says 2300 Oracle Way Austin, Texas but their previous quarterly reports shows 500 Oracle Parkway Redwood City, California
Yet many are assuming that employees will be moving from CA to TX, despite no indication of that.
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I agree, beautiful campus. Fun fact: the buildings were designed to resemble the symbol for databases in logical diagrams. https://images.app.goo.gl/ybduLEGuAFxeGaL88
Another fun fact, the San Carlos airport nearby has an FAA identifier of SQL: https://www.airnav.com/airport/KSQL
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.
I have heard that a large chunk of the employable software engineers in the United States are located in the Bay Area. Because of this, it is almost a requirement that if you are a company in a hyper-growth phase, you need to be in the Bay Area, otherwise you will struggle to hire enough people. Maybe that will change post-COVID, but I doubt it. Certainly we can expect more companies to be supportive of remote work,…