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Oracle Moving HQ to Austin

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Re: Oracle Moving HQ to Austin

#441

Post by selimthegrim »

jeffbee wrote: post #382
throwaway201103 wrote: post #381

Earlier quoted context omitted.

Not really. Was in my early 20s around then, but didn't live anywhere around there. My experience with programming/IT work at that time, was that it was very much a "normal" job. It was a good, solid white collar job, paid decently well, but nothing you'd get really rich doing. That didn't change for me until the late 1990s when I got a dot-com gig for a couple of years (of course we remember how that ended up). Were…

Equity, naturally. In those days it was options and not the grants we mostly see today. You're right about programmer salaries being about in the same league as other professional careers, but I don't see how we can overlook the fact that the stock options existed.

Doesn’t Microserfs go into this?

Re: Oracle Moving HQ to Austin

#442

Post by fuzzfactor »

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…

All I can say now is Keep Houston Weird.

Re: Oracle Moving HQ to Austin

#443

Post by avl999 »

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…

Individuals overpaying is not enough to raise average values of houses in a market. In you example the person who owned the 250k house got a nice windfall selling their price above market value but that is not enough to raise the value at large of houses in that market. It would take people systemically overpaying and overpaying in large volume for it to affect housing prices and there's simply no evidence of that.

Re: Oracle Moving HQ to Austin

#444

Post by zaphirplane »

IfOnlyYouKnew wrote: post #281
zaphirplane wrote: post #160

Earlier quoted context omitted.

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)

Aside from this being a somewhat strange example to bring up, it's not true. See, for example, http://online.ceb.com/CalCases/CA2/174CA2d184.htm , a Supreme Court case concerning wrongful termination from 1959.

Not clear on what you are trying to say, the point I am making is today companies bow to public opinion, and the actions of companies spread fast

Re: Oracle Moving HQ to Austin

#445

Post by muzz »

babesh wrote: post #400
muzz wrote: post #261

Earlier quoted context omitted.

Tesla didn't move. Elon Musk moved, the company didn't.

True. The concern is that new development will no longer be in California.

Job openings are still aplenty for Palo Alto based location, so what would these new + all the existing employees in HQ do?

Re: Oracle Moving HQ to Austin

#447

Post by babesh »

muzz wrote: post #445
babesh wrote: post #400

Earlier quoted context omitted.

True. The concern is that new development will no longer be in California.

Job openings are still aplenty for Palo Alto based location, so what would these new + all the existing employees in HQ do?

That is a static snapshot of the world. Over time, I would expect job openings in Austin to go up and for them to go down in the Bay Area. Those new + existing employees in Austin would be doing the jobs of the former employees in the Bay Area.

Re: Oracle Moving HQ to Austin

#448

Post by barcadad »

raziel2701 wrote: post #383
Xenograph wrote: post #129

Earlier quoted context omitted.

The real estate market (and well, most real markets) cannot be completely explained by simple supply/demand calculations covered in a high school economics course. Nor can they be entirely explained by a highly-trained economist. There are many factors at play that complicate matters.

Like what?

For example, Prop 13 in CA caps property tax increases on primary residences, which keeps people in their homes longer than they would otherwise stay, which in turn reduces the for sale inventory.

Another example is Trump's Tax Act, which capped "SALT" deductions (State and Local/Property Taxes). This impacts housing prices relative to rents because you can't deduct the full amount of your property tax in high value states like California.

These are two examples...

Re: Oracle Moving HQ to Austin

#449

Post by suyash »

babesh wrote: post #397
suyash wrote: post #226

Earlier quoted context omitted.

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.

The campus was beautiful but the inside it was a cubicle farm.

not in the last few years, it's very modern and open office in many buildings.

Re: Oracle Moving HQ to Austin

#450

Post by neilparikh »

trident1000 wrote: post #393
redisman wrote: post #377

Earlier quoted context omitted.

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.

Big difference between CA and TX: no Prop 13 in TX. That alone will have a massive impact on how things play out.
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