Tesla’s headquarters will move to Austin • Hacker News Board

Re: Tesla’s headquarters will move to Austin

#541

Post by asdff » Fri, Oct 08, 2021, 5:32 AM UTC

option wrote: post #292

asdff wrote: post #236

Earlier quoted context omitted.

That has nothing to do with the schooling and everything to do with the homelife these impovershed students experience after the bell rings. If you are a good role model to your children they will do fine in public school and not join gangs or drop out like those whose only role model is their cousin who got out of prison and is trying to recruit them into a gang.

will you send your kid to a school like that?

Of course. Public schools these days have excellent programs especially if you are into tech, engineering, or pre health.

Re: Tesla’s headquarters will move to Austin

#542

Post by etchalon » Fri, Oct 08, 2021, 5:35 AM UTC

mehrdada wrote: post #443

etchalon wrote: post #243

Earlier quoted context omitted.

They look cheap because they're underpriced. At the moment, most houses are closing 15-20% higher than list and a lot of them are offered in all cash deals. That's slowly changing, but I suspect that's temporary.

Bay Area homes are like that too. I implore you to check some Zillow in Mountain View and compare. Not in the same ballpark even.

You're comparing Mountain View, a town of 80,000 people and 12 square miles, to ALL of Austin, with 270 square miles and nearly a million people.

There are incredibly expensive parts of Austin. There are cheaper places in Austin.

The areas where upper-middle class Bay Area tech workers would want to love are not in the cheaper areas.

Re: Tesla’s headquarters will move to Austin

#543

Post by [deleted] » Fri, Oct 08, 2021, 5:36 AM UTC

etchalon wrote: post #141

Apocryphon wrote: post #56

The official reason is because of housing: "To be clear we will be continuing to expand our activities in California," Musk said. "Our intention is to increase output from Fremont and Giga Nevada by 50%. If you go to our Fremont factory it's jammed." But, he added, "It's tough for people to afford houses, and people have to come in from far away....There's a limit to how big you can scale in the Bay Area." https://ww…

As someone who just bought a house in Austin this year, if the reason is "affordable housing", they're in for a world of hurt.

[deleted]

Re: Tesla’s headquarters will move to Austin

#544

Post by [deleted] » Fri, Oct 08, 2021, 5:37 AM UTC

shiftpgdn wrote: post #312

minhazm wrote: post #293

Earlier quoted context omitted.

Google maps says downtown Austin to Giga Texas is 17 miles, 24 minutes. I don't know what traffic is like in Austin but I imagine it's not nearly as bad as the bay area. I think a 25-30 min commute is pretty reasonable and most people would happily take that for much cheaper housing. The big difference is that in Austin you have the option to commute a bit for much cheaper housing. But in the bay area you could be co…

Central Austin corridor (35) is radically worse than anything in the bay.

[deleted]

Re: Tesla’s headquarters will move to Austin

#545

Post by asdff » Fri, Oct 08, 2021, 5:38 AM UTC

paxys wrote: post #272

asdff wrote: post #201

Anyone have a running list of enormously rich people moving from California to Texas to avoid being taxed on a windfall and ostensibly justifying it with insert reason here ? So far I have Joe Rogan with his spotify deal and now Musk with some of his options coming up for payday.

Both will have to pay CA taxes regardless. The California tax board does not mess around. Rich people are generally more afraid of them than the IRS (which has become toothless in recent years).

Rogan won't have to pay california income taxes if he's left the state and a resident of texas when he is paid income from spotify. This move saved him 13 million dollars (1). If musk moves before he vests options he's not getting taxed by the state of california for vesting in texas.

https://www.newsweek.com/joe-rogan-moving-texas-87-million-t...

Re: Tesla’s headquarters will move to Austin

#546

Post by asdff » Fri, Oct 08, 2021, 5:44 AM UTC

jdhn wrote: post #223

thebradbain wrote: post #179

Earlier quoted context omitted.

Property taxes are _much_ higher in Texas than California, in fact Texas has one of the highest property taxes in the nation (because there's no income tax, and TX still needs to fund itself somehow; TX also has one of the highest sales taxes for this reason, too). You pay the same on property taxes for a $400k house in Texas as a $1M house in California. Not only that, CA has Prop 13: for better or worse, your prope…

If California somehow repealed Prop 13, you would see their property tax rate zoom up to the point where Texas property taxes wouldn't seem that outrageous by comparison.

Aren't they still half of what they are in austin?

Re: Tesla’s headquarters will move to Austin

#547

Post by deadmutex » Fri, Oct 08, 2021, 5:46 AM UTC

holler wrote: post #253

deadmutex wrote: post #157

Earlier quoted context omitted.

Are you a tax lawyer by any chance? or is this just guessing?

I know people who have been harassed by CA franchise tax board many years after leaving the state, and had to prove they had left.

Sure, though, they probably weren't one of the wealthiest people on Earth that could afford ton of accountants and lawyers. Billionaires aren't known for paying taxes, so pardon me for being skeptical.

Re: Tesla’s headquarters will move to Austin

#548

Post by post_from_work » Fri, Oct 08, 2021, 5:50 AM UTC

bradknowles wrote: post #485

jdavis703 wrote: post #415

Earlier quoted context omitted.

I don’t know where in CA you were… But here in Oakland I have the option for 10G fiber (albeit the landlord only wired my actual apartment for 1G ethernet, but the fiber is like 50 feet from my door). Utilities are extremely low… Far lower than I had to deal with winter and summers in the US South. And at least so far, this year air quality hasn’t yet entered in to the toxic level.

In Austin, you’re lucky to get 1G anywhere. If Google Fiber has already laid down cable news provided service, then you will not be surprised to find that Spectrum and AT&T both are surprisingly competitive it’s each other. Otherwise, you get what little you can get and you just have to be happy with DSL because it’s still better than what you can effectively get with Spectrum, since you’re sharing that with all your…

>>>In Austin, you’re lucky to get 1G anywhere.

That's depressing, especially for a US "tech hub". I'm in an irrelevant-but-dense urban area of Japan and have 1G fiber @ <$40 / month.

Re: Tesla’s headquarters will move to Austin

#549

Post by seanmcdirmid » Fri, Oct 08, 2021, 5:53 AM UTC

t-writescode wrote: post #537

seanmcdirmid wrote: post #530

Earlier quoted context omitted.

Seattle could be better connected, but it isn’t that bad. If you are going downtown, you can get something, even something lateral Ballard to Bellevue requires just one connection.

As long as Seattle is your source or destination, Seattle's transit is pretty okay. If you dare go Eastside; or, worse, need to go from like Renton to Totem Lake; or Redmond to somewhere that isn't the the center of Bellevue, you're just never going to get there in a reasonable amount of time.

Sure, but the east side is fairly anti transit compared to the west side. Look at the drama Bellevue put everyone through for the new link route from Seattle to Redmond via Mercer island.

Also, Renton to Totem Lake should only be one connection given a weird sound transit airport route (590?) from West Seattle to Bellevue that goes through Renton.

Re: Tesla’s headquarters will move to Austin

#550

Post by rupi » Fri, Oct 08, 2021, 5:54 AM UTC

yurishimo wrote: post #502

rupi wrote: post #210

Earlier quoted context omitted.

Property tax is higher but there is no state income tax. Also, property tax increase rates are significantly higher as compared to California. Austin is also growing very fast and is quickly turning into the sprawl that I have always associated more with Dallas and Houston. Financially speaking, either place may turn out advantageous depending on your house's price and income. CA (Bay Area) has a lot of other positiv…

The interesting thing is, the sprawl of Dallas and Houston have now started to work in their favor. I live in Dallas. We're growing massively, but honestly, I haven't really noticed too many changes in my day to day. It takes just as long to get somewhere as it did 5 years ago. Because they were large, spread out cities already, the highway infrastructure, suburban development, and local planning have all been optimi…

Everything you said aligns perfectly with what I have heard from friends who still live in Austin/Houston. I personally would still rather live in Austin though as opposed to Houston or Dallas.