DaEagles4Life Posted December 3, 2020 Share Posted December 3, 2020 The next 10 years will be interesting to see if California slowly shifts back center, or goes far left and is it inevitable that TX is soon blue. Hewlett Packard Enterprise (HPE), the California firm that literally kickstarted Silicon Valley in a garage in 1939, is moving to Texas. The low-key announcement was made via an SEC filing on Dec. 1. If California’s anti-jobs policies, its high taxes, capricious regulatory enforcement, and blackout-inducing energy policy can chase out the company that launched Silicon Valley, is any business, large or small, immune from pressure to move? Unless a company must directly serve the California market, such as a fast-food chain, the answer is a resounding "No!” https://www.foxnews.com/opinion/hewlett-packard-california-texas-chuck-devore Link to comment Share on other sites More sharing options...
we_gotta_believe Posted December 3, 2020 Share Posted December 3, 2020 6 minutes ago, DaEagles4Life said: The next 10 years will be interesting to see if California slowly shifts back center, or goes far left and is it inevitable that TX is soon blue. Hewlett Packard Enterprise (HPE), the California firm that literally kickstarted Silicon Valley in a garage in 1939, is moving to Texas. The low-key announcement was made via an SEC filing on Dec. 1. If California’s anti-jobs policies, its high taxes, capricious regulatory enforcement, and blackout-inducing energy policy can chase out the company that launched Silicon Valley, is any business, large or small, immune from pressure to move? Unless a company must directly serve the California market, such as a fast-food chain, the answer is a resounding "No!” https://www.foxnews.com/opinion/hewlett-packard-california-texas-chuck-devore The pressure to stay for most tech companies comes from the concentrated pools of talent out there. I don't see that dynamic changing anytime soon, though if anything has a chance to do so, it's the wide-spread adoption of remote working policies. Link to comment Share on other sites More sharing options...
Toastrel Posted December 3, 2020 Share Posted December 3, 2020 The problem with these deals, is that existing people see companies coming in and getting better rates on taxes and other incentives and they find some state with a better offer. Link to comment Share on other sites More sharing options...
EagleJoe8 Posted December 3, 2020 Share Posted December 3, 2020 I have nothing to offer this thread other than to say Dallas sucks!! 6 7 Link to comment Share on other sites More sharing options...
20dawk4life Posted December 3, 2020 Share Posted December 3, 2020 3 1 2 Link to comment Share on other sites More sharing options...
vikas83 Posted December 3, 2020 Share Posted December 3, 2020 We talked about moving from LA to Texas of Florida for tax reasons last year, and we keep threatening to revisit it. We won't move to Florida because, well, it's Florida; I'd rather not have some dude on krokodil and bath salts try to murder me and eat my nose. Texas is just too hot and well...Texas. If we ever decide to move the firm out of LA, we'd likely leave the US altogether, go to a place like Nevis where you can buy a passport. Despite the taxes and the people, the problem is simple -- Southern California is the best place to live in the country (weather, landscape, etc.). And LA is a place where, if you have the money, you can avoid the unpleasant elements. Northern California, and the Bay Area in particular, is awful. 3 Link to comment Share on other sites More sharing options...
Bill Posted December 3, 2020 Share Posted December 3, 2020 11 minutes ago, vikas83 said: We talked about moving from LA to Texas of Florida for tax reasons last year, and we keep threatening to revisit it. We won't move to Florida because, well, it's Florida; I'd rather not have some dude on krokodil and bath salts try to murder me and eat my nose. Texas is just too hot and well...Texas. If we ever decide to move the firm out of LA, we'd likely leave the US altogether, go to a place like Nevis where you can buy a passport. Despite the taxes and the people, the problem is simple -- Southern California is the best place to live in the country (weather, landscape, etc.). And LA is a place where, if you have the money, you can avoid the unpleasant elements. Northern California, and the Bay Area in particular, is awful. Florida actually isn’t that bad. The reason you see Florida man in the news is because arrest records by law are super public here. The same ish happens everywhere else, you just don’t hear about it. Also no state income tax. 2 Link to comment Share on other sites More sharing options...
vikas83 Posted December 3, 2020 Share Posted December 3, 2020 Just now, Bill said: Florida actually isn’t that bad. The reason you see Florida man in the news is because arrest records by law are super public here. The same ish happens everywhere else, you just don’t hear about it. Also no state income tax. I've been to Florida, and with all due respect...no thanks. 1 1 Link to comment Share on other sites More sharing options...
MidMoFo Posted December 3, 2020 Share Posted December 3, 2020 While I understand property taxes are only one single piece of the puzzle... The numbers below would indicate an argument could be made that free market real estate pricing is doing just as much to cause an exodus from California as state policy. https://www.virtualcpaforyou.com/comparestatetaxrates Property Taxes California's average effective property tax rate is actually among the lowest comparing to other states: at 0.72%. Adding additional parcel taxes and fees, it can reach around 1%. However, Average housing price in California is approximately $ 450,000. Therefore, average property taxes paid on the house is up to $4,500/ year. Texas' property tax rate is at 1.9 %. However, with average housing price in Texas only around $146,000, average property taxes paid on the house is less than $2,800. 1 Link to comment Share on other sites More sharing options...
Bill Posted December 3, 2020 Share Posted December 3, 2020 6 minutes ago, vikas83 said: I've been to Florida, and with all due respect...no thanks. Where in Florida? Link to comment Share on other sites More sharing options...
bobeph Posted December 3, 2020 Share Posted December 3, 2020 Hell to me would be living in a liberal sheet can like California. 1 Link to comment Share on other sites More sharing options...
vikas83 Posted December 3, 2020 Share Posted December 3, 2020 Just now, Bill said: Where in Florida? Orlando, Miami, Palm Beach. Didn't enjoy any of them. Would rank them: 1. Palm Beach 2. Miami 3. Orlando Link to comment Share on other sites More sharing options...
Boogyman Posted December 3, 2020 Share Posted December 3, 2020 I would consider moving to the more rural areas of Texas in a heartbeat. I actually plan on checking a few areas out over the next 3 or so years to get a feel for the "lay of the land". Having secluded property has always appealed to me. Link to comment Share on other sites More sharing options...
MidMoFo Posted December 4, 2020 Share Posted December 4, 2020 3 hours ago, Boogyman said: I would consider moving to the more rural areas of Texas in a heartbeat. I actually plan on checking a few areas out over the next 3 or so years to get a feel for the "lay of the land". Having secluded property has always appealed to me. I’d consider climate and geography. Dust storm or snowstorm, flat land or hills, drought land or greenery... I personally wouldn’t pick Texas if you want secluded. Link to comment Share on other sites More sharing options...
Dave Moss Posted December 4, 2020 Share Posted December 4, 2020 I only lived in Texas for four years, so I’m not sure if you could call me a former Texan. But I don’t miss it. Not much anyway. I did watch a couple Eagles games with mayanh8 while I lived there. back when people still went to sports bars to watch football games... 1 Link to comment Share on other sites More sharing options...
Dave Moss Posted December 4, 2020 Share Posted December 4, 2020 3 hours ago, Boogyman said: I would consider moving to the more rural areas of Texas in a heartbeat. I actually plan on checking a few areas out over the next 3 or so years to get a feel for the "lay of the land". Having secluded property has always appealed to me. Hill country is a really nice part of the state. I also like NW Texas / eastern New Mexico. I think I’d live in Santa Fe, NM over anywhere in TX though. Link to comment Share on other sites More sharing options...
Dave Moss Posted December 4, 2020 Share Posted December 4, 2020 6 hours ago, MidMoFo said: While I understand property taxes are only one single piece of the puzzle... The numbers below would indicate an argument could be made that free market real estate pricing is doing just as much to cause an exodus from California as state policy. https://www.virtualcpaforyou.com/comparestatetaxrates Property Taxes California's average effective property tax rate is actually among the lowest comparing to other states: at 0.72%. Adding additional parcel taxes and fees, it can reach around 1%. However, Average housing price in California is approximately $ 450,000. Therefore, average property taxes paid on the house is up to $4,500/ year. Texas' property tax rate is at 1.9 %. However, with average housing price in Texas only around $146,000, average property taxes paid on the house is less than $2,800. Texas doesn’t have a state income tax though. So while property taxes are high, you don’t pay anything to the state. Never really crunched the numbers on this because there are too many other factors involved (employment, quality of schools, commute times, HOA fees, etc.) Link to comment Share on other sites More sharing options...
Bill Posted December 4, 2020 Share Posted December 4, 2020 16 hours ago, vikas83 said: Orlando, Miami, Palm Beach. Didn't enjoy any of them. Would rank them: 1. Palm Beach 2. Miami 3. Orlando All three suck. Tampa/St Pete is where it’s at. Link to comment Share on other sites More sharing options...
Dave Moss Posted December 4, 2020 Share Posted December 4, 2020 17 hours ago, MidMoFo said: However, with average housing price in Texas only around $146,000 Yeah, if you want to live in a trailer in Lubbock Link to comment Share on other sites More sharing options...
MidMoFo Posted December 4, 2020 Share Posted December 4, 2020 26 minutes ago, Dave Moss said: Yeah, if you want to live in a trailer in Lubbock That’s the average given in the article, so I guess there are a lot that do. Link to comment Share on other sites More sharing options...
Dave Moss Posted December 4, 2020 Share Posted December 4, 2020 2 hours ago, MidMoFo said: That’s the average given in the article, so I guess there are a lot that do. No doubt. Link to comment Share on other sites More sharing options...
vikas83 Posted December 4, 2020 Share Posted December 4, 2020 Here's the issue with Texas. I wouldn't want to live in the boondocks, so that leaves really three options. 1. Dallas -- it's probably the most tolerable, with one MASSIVE exception. Being surrounded by those fans all the time would be too much. I've enjoyed visiting Dallas and have friends there -- there are great neighborhoods like Highland Park and there is some diversity (which is great for restaurants). But...I couldn't live among them. 2. Austin -- the most overrated city in the country by far. Basically, take all the annoying people from San Francisco and move them to a place where it is always hot as hell. 3. Houston -- awful city that is way too hot and humid, along with the hurricanes. I toyed with the idea of Forth Worth years ago, but it was a little too much of a cattle town still. Link to comment Share on other sites More sharing options...
20dawk4life Posted December 4, 2020 Share Posted December 4, 2020 19 minutes ago, vikas83 said: Here's the issue with Texas. I wouldn't want to live in the boondocks, so that leaves really three options. 1. Dallas -- it's probably the most tolerable, with one MASSIVE exception. Being surrounded by those fans all the time would be too much. I've enjoyed visiting Dallas and have friends there -- there are great neighborhoods like Highland Park and there is some diversity (which is great for restaurants). But...I couldn't live among them. 2. Austin -- the most overrated city in the country by far. Basically, take all the annoying people from San Francisco and move them to a place where it is always hot as hell. 3. Houston -- awful city that is way too hot and humid, along with the hurricanes. I toyed with the idea of Forth Worth years ago, but it was a little too much of a cattle town still. Ever been to San Antonio? I was thinking of visiting next year if Covid is still screwing everything up for international travel. Link to comment Share on other sites More sharing options...
DaEagles4Life Posted December 4, 2020 Author Share Posted December 4, 2020 10 minutes ago, 20dawk4life said: Ever been to San Antonio? I was thinking of visiting next year if Covid is still screwing everything up for international travel. Link to comment Share on other sites More sharing options...
vikas83 Posted December 4, 2020 Share Posted December 4, 2020 14 minutes ago, 20dawk4life said: Ever been to San Antonio? I was thinking of visiting next year if Covid is still screwing everything up for international travel. Never been. Haven't heard great things, to be honest. Small town, very hillbilly, etc. Link to comment Share on other sites More sharing options...
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