Austin MSA vs SFBA and TX vs CA

Wow, they talked to 6 people out of how many who moved over the last 3 years. That seems like science with an appropriate sample size.

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Consistent with my thesis that Austin is just a Covid remote work phenomenon. Austin is a city-sized Peloton.

Danielle Fountain, an Austin real-estate agent, saw a flood of tech workers arriving over the past few years, mainly because of remote-work opportunities — so much that The Hills suburb of Austin was nicknamed “Silicon Hills,” she said. But as quickly as they came, many are leaving.

“I’m seeing a wave of people going back that could work from wherever when they came out here,” Fountain said. “But now they’re going back into the office.”

Austin <<<< Bay Area.

And even though jobs in Austin are classified as tech because they are tech companies, the job functions tend to skew toward lower-skilled jobs, like customer service and sales.

Of the 8,311 Apple employees in Austin, roughly a quarter are engineers, according to an analysis of LinkedIn data. By comparison, about half of Apple’s 52,610 employees in the Bay Area are engineers.

“I would encourage people to look at these companies like Apple, Oracle, and Tesla to look at what types of jobs are actually being created at these companies,” said Chang, who said he rarely runs into the caliber of engineers or investors in Austin that are crucial for building an early-stage startup. “The talent density is still a lot stronger in the Bay because there’s a network effect of all successful large companies that continue to get funded.”

This Chang dude is getting depressed.

:cry:

Stuck in Austin until interest rates or coastal housing prices fall, Chang has spent the summer scrolling through Instagram, envying the friends he left behind in California.

“Social media has certainly made being trapped in Austin much worse,” he said. “It’s tough watching friends frolic on the beach, go on hikes, and walk their dogs while we are stuck inside because it’s over 100 degrees.”

I’m quite sure if the same 6 had said Austin is great no one would mention about sample size but feel happy!

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Don’t move to Texas if you are Asian.

@caiguycaiguy

Thought you post similar article moons ago. That guy has wrong expectations and say about the same things as previous article. He went to a blue DT and bought an old shack. Should have gone to Williamson county and buy a new construction. I hardly go to Bee Cave, my memory is full of old shacks and very crowded roads.

My 3600 sqft SFH is a single story on 1/3 acre lot. Energy bill = Less than $100 per month. Water = $150-$200 in Summer, less than $100 in Winter. Don’t have all those repairs and maintenance that he had because is a new construction.

Energy

Water

Who does the house cleaning and yard work?

I would be too lazy to clean and too cheap to hire out :joy:

.

House cleaning = iRobot for floor. Counter-top, yourself… can parallel with watching TV and listening to music/ podcast. Exterior, paid for service.
Yard work = Spring and Fall. Summer and Winter, no need.

Mowing = exercise :slight_smile: no need to pay for gym or walk in the park.

You already have plenty of physical work re-habbing your rentals.

This Reddit thread has a lot of stories about real-life racism in the South:

https://www.reddit.com/r/bayarea/comments/16bpvld/moving_to_texas_from_the_bay_area_well_here_is_my/

Like this story:

I think I am the only one here saying one should stay in Bay Area just for the kids. Texas may be cheap, but it’s cheap for a reason.

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@manch continues his search for why he is still in SF :slight_smile: From weather to scenery and now racism.

Bay Area is the best region in the world, so of course it’s good at many different things.

You should move back so your sons have a better future.

:man_shrugging:

10 most Asian states. Intro is about 90 seconds if you want to skip it. He also does whitest and blackest states.

The Ultra-Rich Are Flourishing and Sticking Around in California

https://archive.ph/7T0ij

looks like wealthy are leaving CA is totally false

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Some wealthy people did leave. That’s what I have been saying. We need to look at the wealth generated organically in California, instead of obsessing on the few who left.

But the ranks of mere millionaires have grown as well, far outpacing any loss of high-net-worth taxpayers during the pandemic. From the end of 2019 through 2021, California added more than 116,000 millionaire taxpayers, according to the most recent personal income tax data provided by the state’s Department of Finance. That was a record for a two-year period and more than in the previous decade combined. The number of residents making more than $50 million surged 158% to 3,182.

In total, more than 288,000 Californians, or 0.7% of residents, reported over $1 million in income in 2021. By comparison, New York saw the number of millionaire taxpayers in that period increase to about 80,000 people, or 0.4% of its population.

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That oppressive heat will get even more oppressive in future years.

At the Core club’s reception in June, attendees traded stories of friends and clients who had moved to places like Texas and were suffering under this summer’s oppressive heat. As San Francisco’s coastal fog blanketed buildings below the famed pyramid, the weather was just another confirmation that they had made the right decision to keep their lives, and wealth, in California.

“I’d rather be a little chilly,” said Andrea Fitanides, a San Francisco attorney who said some of her friends have come to regret leaving the area. There’s a dawning realization in her social circle, she said, that “hold the phone, California has always been incredibly desirable.”