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Tesla’s headquarters will move to Austin

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Re: Tesla’s headquarters will move to Austin

#601

Post by dane-pgp »

belltaco wrote: post #182
dane-pgp wrote: post #137

Earlier quoted context omitted.

If the demographics of Texas is really shifting more progressive, then the writing could also be on the wall for Republican presidential campaigns. Perhaps at that point the party will suddenly find itself again embracing the wisdom of the proposed Lodge-Gossett constitutional amendment, which got as far as approval by a super majority in the US Senate in 1950. https://www.nationalpopularvote.com/analysis-fractional-…

Why would Democrats support that?

Because it would make presidential election outcomes more likely to reflect the popular vote (which is the morally right thing to do), and because it reduces the risk that small changes in big states create vastly different election outcomes (which is the strategically right thing to do, if you expect your opponent to cheat, lie, and start insurrections based on false claims).

Re: Tesla’s headquarters will move to Austin

#602

Post by FredPret »

mhh__ wrote: post #410
FredPret wrote: post #342

Earlier quoted context omitted.

uhhh... they are accountable to every one of their clients, every time those clients make a purchase. For almost all billionaires, that's a far larger constituency and a much more frequent and efficient selection process compared to elections every x years by the 30% of the population who bother to vote. As soon as they stop performing, the money stops rolling in.

Ergo businesses can do no wrong?

Business has to do something right or it’ll evaporate. Politicians also have to do something right or they won’t get elected.

But business has to do more specific nice things for more people, more frequently, or they’ll be gone long before an election cycle. Politicians have a few selection events every few years.

The evolutionary pressure on business is far greater, so they reflect what we truly want much better - good or bad.

Look at some lists of top companies from 20, 30, 50 years ago. Juggernauts in their time, most of them have long been out-evolved.

Same with rich families, inherited money rarely lasts more than a few generations and tends to decline precipitously with each new batch of heirs.

But we have politicians routinely kicking around for decades based on nothing but platitudes and general charm.

Re: Tesla’s headquarters will move to Austin

#603

Post by bsagdiyev »

BuyMyBitcoins wrote: post #457
muzz wrote: post #375

Earlier quoted context omitted.

There is no "large exodus" of people moving out of California. The number of people moving from San Francisco to Austin in a year is something like 240 households. https://www.sfchronicle.com/bayarea/article/People-are-leavi...

I simply don’t believe SFChronicle here. I live in Texas and I see plenty of California plates on the road. The realtor I work with says Californians are flooding the market with cash. They’re offering 10’s of thousands of dollars over asking price and winning out over local offers.

Agreed. Even in North Carolina I’ve been seeing quite a few CA plates. After we moved in to our neighborhood I noticed another 5/6 parked in different driveways when out on walks. Driving to Cary you see tons of them on the road. People are definitely leaving in a significant number.

Re: Tesla’s headquarters will move to Austin

#604

Post by sixothree »

cjensen wrote: post #76

When CEOs move, they often move their headquarters closer to where they live. Somehow Tesla managed to survive all the problems of California until shortly after Musk moved to Texas. Folks talking about the advantages and disadvantages of California vs Texas may be overthinking this.

Also he’s building a darn spaceport in the south most location in Texas. That’s might have something to do with it.

Re: Tesla’s headquarters will move to Austin

#605

Post by gonehome »

kelnos wrote: post #456
gonehome wrote: post #288

Earlier quoted context omitted.

It's not even close - a crappy house on the peninsula is 1.7M, with the median closer to 2.5-3M. I mean, look at this: https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/hom... I think Austin is better about building too, meanwhile in the Bay Area they just rejected units desperately needed in the tenderloin because they might become a "tech dorm".

I don't think Palo Alto is a great comparison; it's a mixed new/old-money city where a lot of rich people live (with the ultra-rich next door in Menlo Park and Atherton). Compare Austin to something like Fremont, San Jose, or perhaps San Mateo. Sure, those will still be more expensive than Austin, but that $1.7M number is pretty realistic for a nice house in those other cities.

You can find a house for 1.7M in San Mateo if you’re lucky but it will still be small and old.

What you get for that in Austin is in a different league.

Re: Tesla’s headquarters will move to Austin

#606

Post by jlaurend »

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?

They came in at #13 on that list. While traffic's bad in Boston, commuting via public transit is actually a viable alternative. It's very dense and has a solid commuter rail system in addition to an expansive (if aging) subway system. It's also very bike / pedestrian friendly.

Re: Tesla’s headquarters will move to Austin

#607

Post by jkestner »

nkoren wrote: post #580
scoofy wrote: post #307

Earlier quoted context omitted.

Traffic in Austin is insane. Legit insane. Definitely comparable to the Bay Area if not worse. And there is absolutely no transit alternative comparable to BART. There is a morning and evening train, but it's really only effective if you live and work exactly on the stops.

No, it's really not. Source: while working as a transport planning consultant, I had a private client in Austin. He flew our team around the city in a helicopter, saying "see all this traffic? It's insane!". I'd just flown in from New Delhi. By the standards I was accustomed to, I didn't see any traffic at all. Certainly Austin does have a need for much better public transit -- and if being upset about traffic is a c…

Unfortunately, that anger is going to fuel a 20-lane I-35. Fuck everything, we're doing five blades.

Re: Tesla’s headquarters will move to Austin

#608

Post by thehappypm »

BigRedDog1669 wrote: post #599
vineyardmike wrote: post #527

Earlier quoted context omitted.

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)

That’s true, but Boston has a huge public transit network. My commute, 14 miles from a suburb to downtown, is a 14 minute train ride. Seattle is getting there with the link but it’s still decades away from being even close to what Boston has

Re: Tesla’s headquarters will move to Austin

#609

Post by thebradbain »

kelnos wrote: post #469
thebradbain wrote: post #352

Earlier quoted context omitted.

Thanks for the correction -- you're right. It doesn't really change my point though – I still don't see why a $2M+ property deserves to get transferred tax free. A $2M property would still only pay a little over $10,000/year in property taxes after the $1M exemption (which you can deduct against federal taxes, even with the SALT cap, which itself will likely repealed!). A pretty nice discount for an heir compared to…

> the SALT cap, which itself will likely repealed! What's your basis for this belief? My understanding around Biden's tax plans was that the SALT deduction cap would likely remain at $10k. Just did a quick search for recent news, and nearly all of what I'm reading is doom-and-gloom around the possibility that the SALT deduction cap will be repealed. Which makes sense, since that would lower tax revenue, and that's no…

Well, it appears you may be right, there. As of last month, I read the consensus was Democrats wanted SALT repealed. It looks like that won’t be the case now, as the spending plan gets whittled down — now it’s looking more like a raised limit, at most.

Previously: https://www.google.com/amp/s/www.cnbc.com/amp/2021/09/08/mod...

Re: Tesla’s headquarters will move to Austin

#610

Post by BurningFrog »

bradknowles wrote: post #512
BurningFrog wrote: post #171

Earlier quoted context omitted.

One theory is that it's still legal to build new housing in Texas, so the Austin supply can increase to match the demand.

You still have to find a builder, or a place where a builder has built a house that you can afford to buy. Even regular handymen are backlogged by six months or so. Forget trying to get a builder within a year or more. Meanwhile, all those expensive high rises on the river for those millionaires and billionaires keep going up, faster than you can blink an eye.

From a Bay Area perspective, that sounds like a fantastic new supply of housing!

I expect more builders and handymen will move to Austin to take advantage of the booming job market.

Expensive high rises contribute as much to the housing supply as any other type of housing, and use far less land for it.

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