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Tesla’s headquarters will move to Austin

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Re: Tesla’s headquarters will move to Austin

#591

Post by lotsofpulp »

kelnos wrote: post #472
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…

> Property tax is higher but there is no state income tax. I do wonder how much this affects salaries, though. Do employers in states with lower or no income taxes tend to pay worse for the same job than employers in states with higher income taxes?

No. Supply and demand curves for the specific labor in question determines salaries. WA state has a very low W-2 income tax, in the 1% or less range, and has very high incomes due to the type of labor being sold there.

A lower income tax may cause more people to live somewhere and/or more people to be willing to work for less, but it still comes down to whether or not the supply of labor willing to work at a lower price exists.

Re: Tesla’s headquarters will move to Austin

#593

Post by ca01an »

bradknowles wrote: post #507
bruceb wrote: post #150

Earlier quoted context omitted.

Article on the commute some Tesla workers make, getting up at 2:30am. https://www.protocol.com/silicon-valley-tech-shuttles

Not that different from the commute that Apple employees I knew were making. They spent 30 minutes commuting to where they would pick up the shuttle, three or so hours on the shuttle, get off the shuttle and have lunch at Caffe Macs, maybe take a meeting, then get back on the shuttle for their ride home. The shuttles had Wi-Fi, so they could get all their regular work done while on the shuttle. That was functionally…

Baffling to me hearing about Americans in SV who can't afford to live on their own on over $150k, that would easily be a top 1% salary in the european city I live in

Re: Tesla’s headquarters will move to Austin

#595

Post by tim333 »

andrei512 wrote: post #565

> Our European visitors are important to us. > This site is currently unavailable to visitors from the European Economic Area while we work to ensure your data is protected in accordance with applicable EU laws.

https://archive.ph/TU9xO

Of course that message actually means our European visitors aren't that important to us.

Re: Tesla’s headquarters will move to Austin

#597

Post by foota »

etchalon wrote: post #559
rcpt wrote: post #451

Earlier quoted context omitted.

No you're paying rent. The idea that property tax is passed down to renters 1:1 is just something you made up. The concept you need to look into is called tax incidence: https://www.maxwell.syr.edu/uploadedFiles/cpr/efap/Notes%20o...

I'd be careful about drawing the conclusion about rent shifting on that paper you linked, which really just says Carroll and Yinger's 1994 paper was right. Carroll and Yinger's paper is not unchallenged in economics (there are so very, very many papers on the problem), and it's entire line of reasoning is basically: 1. Property owners make a lot of money and own a lot of property. 2. When you increase property taxes,…

Not one to one though, it sounds like you know what you're talking about but the markets are of course decoupled. Home owners would like to pass along the entirety of their property tax, but whether they can or not will depend on the rental market, possibly renters can't afford the extra amount of the property tax and so adding it all makes the rentals unattractive and so the homeowner can only pass on some of the tax.

Re: Tesla’s headquarters will move to Austin

#598

Post by TrackerFF »

vletal wrote: post #562

> Our European visitors are important to us. > This site is currently unavailable to visitors from the European Economic Area while we work to ensure your data is protected in accordance with applicable EU laws. OT: I thought that I would not see this in mid-2021.

I still see this on a bunch of US news sites. At this point, I'm just assuming that corporate (at these sites/companies) decided the upgrade was not worth it, and it's easier/cheaper to just block European readers.

Re: Tesla’s headquarters will move to Austin

#599

Post by BigRedDog1669 »

vineyardmike wrote: post #527
t-writescode wrote: post #442

Earlier quoted context omitted.

https://www.cbsnews.com/pictures/worst-traffic-cities-americ... According to this, Austin Texas is #10 on this chart. #1, LA #2, NYC #3, San Fran #4, San Jose (near San Fran) #5, Seattle #6, Miami #7, DC #8, Chicago #9, Honolulu #10, Austin *two* of the top 5 worst traffic areas in the US are in the Greater San Francisco area.

I've always heard boston was terrible traffic. Didn't make top 10?

Yea I lived in Boston and now Seattle. Boston was much worse and my commute a shorter distance in Boston took longer (not downtown)

Re: Tesla’s headquarters will move to Austin

#600

Post by mrgordon »

js2 wrote: post #500
scoofy wrote: post #466

Earlier quoted context omitted.

Again... LA has a surprisingly extensive subway system. NYC, SF, Miami, DC, and Chicago all have robust public transit. Even San Jose and Seattle have non-negligible transit alternatives. Austin has essentially nothing, the train they built is legitimately the dumbest, cheapest option that was offered at the time, though they are building dense housing along it now. People often choose which side of the river to live…

Have you lived in these places? I mean, come on. Miami does not have robust public transit. You can't possibly call Metrorail robust. Next you'll tell me Atlanta has robust public transit too.

Yes Miami has much worse and much more dangerous traffic than SF. The number of accidents on I-95 is insane. Meanwhile many people in the Bay Area just take BART or walk to work which is essentially impossible in Miami.
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