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Tesla’s headquarters will move to Austin

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Re: Tesla’s headquarters will move to Austin

#621

Post by anchpop »

hef19898 wrote: post #552
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…

I am certain the 54 million $ in tax breaks and incentives have nothing to do with it whatsoever... https://www.theverge.com/2020/7/14/21323977/austin-tesla-tax...

yeah, 50 million over 10 years is nothing. That’s 5 million a year. They made 101 million profit in a day by selling 1.5 billion worth of their bitcoin holdings

Re: Tesla’s headquarters will move to Austin

#622

Post by Salgat »

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.

Half hour outside east Austin is super cheap, no idea what you're talking about. No one is in "for a world of hurt" unless they insist on living close to downtown.

Re: Tesla’s headquarters will move to Austin

#623

Post by Salgat »

m0zg wrote: post #139
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…

I've looked at properties in Austin area a few months back. It's more affordable than CA, but it's still way out of reach of most non-HQ staff that Tesla employs. I've read the stat that property values have gone up 43% due to exodus from locked down blue states over the course of just the past year. Couple this with Texas' higher than average property tax rate (_especially_ in Austin area) and you've got some pretty…

That's only true for the city proper. Half hour outside east Austin is silly cheap in comparison. If you're a commuter it's extremely affordable.

Re: Tesla’s headquarters will move to Austin

#624

Post by foxyv »

scoofy wrote: post #307
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…

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.

As a transplant from Southern CA to TX 4 years ago I can honestly say that traffic in Austin is barely worth mentioning when compared to traffic in Orange County and Los Angeles. In Orange County, I would daily spend hours in a car traveling at average speeds that I could beat on my bicycle. Traffic jams that are 15-20 miles long on 7 lane highways. Even the express lanes would back up to the entrances. People drive over islands and fill up back streets. Anyone who does a daily on the 91 and the 55 from Corona to Irvine can back me up. 8 years ago it was TERRIBLE.

I don't know about the Bay Area, maybe they are better because of reliable transit, but Austin is nowhere near the So. Cal area when it comes to traffic.

Re: Tesla’s headquarters will move to Austin

#625

Post by anchpop »

kelnos wrote: post #503
8note wrote: post #321

Earlier quoted context omitted.

I don't know which people like sitting in traffic. Wide roads is a sign of sitting in traffic. Family wise though, moving to Texas is bad for half the members of your family. Half the people in your family, aren't going to agree with the Texas government's views, whether you want to force them to or not.

> Half the people in your family, aren't going to agree with the Texas government's views You do realize that there are plenty of women in Texas (and elsewhere) who support curtailing access to (or even outright banning) abortion, right? Edit: I didn't expect this number to be so high, but apparently 43% of women in the US identify as pro-life ( https://news.gallup.com/poll/244709/pro-choice-pro-life-2018... ).

gender is not very predictive of people’s opinion on abortion, it’s a common confusion and i’m not sure where it comes from

Re: Tesla’s headquarters will move to Austin

#626

Post by vesuvianvenus »

gonehome wrote: post #288
etchalon wrote: post #141

Earlier quoted context omitted.

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.

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".

Housing in the Tenderloin?

shudders

The drugs, the filth, the human droppings, the humans raving in the street in drug induced stupors...

I don't want to say "the Tenderloin needs less housing" but I do think it needs less people. And ways to discourage people from moving there.

I don't want to take a job in downtown SF precisely because the street scene there: filthy, noisy, chaotic, and dangerous.

Get all the people who buy drugs out of the Tenderloin so the drug dealers have reason to be there so they'll leave. :(

Re: Tesla’s headquarters will move to Austin

#627

Post by frumper »

Bellamy wrote: post #590
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.

Does anyone even consider taking a bike? If you visit Amsterdam or Copenhagen, you know what I mean. The happiness of the people, clear streets and less noice is something you can't explain, but it's better what you can imagine.

It's quite hot in Texas. Just a quick look up, the daily average summer low in Austin is higher than Copenhagen's daily high.

Re: Tesla’s headquarters will move to Austin

#628

Post by hunterb123 »

iab wrote: post #532
tayo42 wrote: post #505

Earlier quoted context omitted.

Its not even true, last weekend I went to a watercolor painting show featuring international artists. Been going out for dinner (not much of a drinker), the late night "downtown" area in my town is fully open. Tourists were back during summer. Activities are all back to normal. Concerts are going on, I went to one a couple weeks ago. There is one I really want to go to in the bay area too :( but no time. Just clueles…

Every time I hear someone rail against California, I think of that scene in Mad Men when Don Draper tells Michael Ginsberg: "I don't think about you at all"

You fantasize about a scene where you have a cool comeback when you overhear someone railing against a state you live in?

Then you think about it again and comment on a public forum about it. Yeah that's totally not caring at all.

Re: Tesla’s headquarters will move to Austin

#629

Post by ashtonkem »

rcpt wrote: post #451
mullingitover wrote: post #405

Earlier quoted context omitted.

As a renter, you're paying 100% of your landlord's property taxes.

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...

It’s true that landlords don’t directly pass property taxes down; this is part of why taxes on rent are occasionally floated as a way to make being a landlord less profitable.

But, definitionally your rent must cover the mortgage and property tax of the property you occupy, plus profit. If you rent is less than property tax and mortgage, the land lord is underwater and will soon sell to someone else who will charge more or evict you for remodeling.

Re: Tesla’s headquarters will move to Austin

#630

Post by a5seo »

boringg wrote: post #275
scoofy wrote: post #265

Earlier quoted context omitted.

>budding Literally Dell Computers is from Austin.

Has Dell done anything innovative since the 90s? It repackaged computer hardware in a cheap package filled to the brim with bloatware.

How many "Dellionaires" have gone on to found new startups or even become angel investors/LP's? I can only think of a couple. Overall, Dell's innovations were supply chain and direct mail, not technology.
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