Austin MSA vs SFBA and TX vs CA

Feels like you’re just mocking me now :joy:

Peak Toyoda ?

https://www.bizjournals.com/dallas/blog/2015/12/heres-the-main-reason-toyota-is-moving-from.html

Sure, the low taxes, relaxed regulatory environment and Central Time Zone are nice. But none of those factors tops the list of reasons Toyota decided to plant its North American headquarters in Plano, bringing in more than 3,000 jobs, mostly from California.

The main driver of Toyota’s move from Torrance, California, was housing costs, according to Albert Niemi Jr., dean of the Cox School of Business at Southern Methodist University, who has inside knowledge about the move. Niemi shared the anecdote at an SMU Cox Economic Outlook Panel on Friday morning.

“It wasn’t so much that we don’t tax income,” he said. “It was really about affordable housing. That’s what started the conversation. They had focus groups with their employees. Their people said, ‘We’re willing to move. We just want to live the American Dream.’”

Toyota did the math and found that housing costs in Los Angeles County, where Torrance is located, are three times per square foot the cost of a house in Dallas-Fort Worth.

“They’re paying the same salary,” Niemi said. “So in real terms, they’re going to triple the affordability of housing they can buy if they move to Texas.”

Toyota

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nah nah, just posting facts…

All good. I kid. I like laughing, especially at myself.

.

He learns my bad habit.

PC.

Don’t kid yourself :rofl:

Frequent reports of out-of-state buyers, particularly Californians, purchasing houses in cash at double the asking price have frustrated many Austinites.

I am not the one. I learned what Austinites do and did what they do, bid 10% below asking.

Really are Californians purchasing homes in Darth Vader states such as Texas?

Some are transplants, some are buying for rentals. Californians have been buying Austin for many years already. When I started buying rentals here, some realtors told me they like Californians because they usually paid cash and hardly bargain.

Good thing. Texans at least acknowledge it’s all about money, unlike others.

Here in AZ governments court tech for the revenues, with some success, but locals hate the trend. Messes up housing prices and the culture. Republicans tend to move to Gila county and Dems to Maricopa county. Every registered Rep moving into Gila will at some point get a party greeter at their door with a gift bag from local small businesses and a card listing the meeting places and times of the 5 Republican clubs where they can meet their local representatives. It’s just to make sure they are engaged and show up to vote.

Yup. Toyota has peaked.

S&P more than doubled in the last 5 years.

How come nobody mentioned hot flying company like HPE?

Crawling along at 19% in the last 5 years. Trend setter.

Using the same criteria

  1. Charles Schwab has not peaked.
  2. Oracle has not peaked.

So any hypothesis which says company moving to Texas has peaked is proven false

Anyways…:slight_smile:

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California Helped Create Tesla, Governor Says After Losing HQ

https://archive.is/SqnIG/again?url=https://www.bloomberg.com/news/articles/2021-10-08/california-helped-create-tesla-governor-says-after-losing-hq

Give it some time. They both just moved this year.

:blush:

I have no problems accepting the hypothesis if proven true in future. But I know, stock prediction isn’t this simplistic.

Since,I’m in Bay Area and am more concerned about things here than in Texas. However closing eyes and dreaming that Bay Area will continue to be what it was in the last 20 years to put it lightly, is a little too optimistic.

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Governor feeling the pressure. Hence, the defensive statement.

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I am by nature optimistic. Bay Area and California are not set in stone. We are responding to the challenges, although not at a nearly fast enough pace. I am very excited to see some changes that are long overdue, like the rise of YIMBYs that I documented in another thread.

“Keeping HQ in SV” is one of the qualitative indicators I look at, just like being led by founders. Doesn’t mean they are the only things that determine the future. Nobody knows the future. I just want to maximize my own odds.

Wasn’t Arnold governor 20 years ago or not quite yet? It wasn’t that long ago Diane Feinstein was against illegal immigration and talked openly about the budget stress it caused. It wasn’t that long ago that a Democrat president signed legislation for welfare reform requiring people to work to receive benefits.

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