dee_dee said: Everyone is moving to Texas now to escape the insane prices of living in California.
And then discovering that Texas probably has the worst electrical grid in the nation and a completely psycho state legislature. Have fun!
I traded another state's psychos for Texas psychos because the elimination of state tax and dramatic reduction in housing costs was immediate and substantial.
I called it. The spaceship was a stupid idea. Sure it looks cool but was obviously a vanity project without considering the long term feasibility. A rare misstep for Steve Jobs. Everyone is moving to Texas now to escape the insane prices of living in California.
They built the spaceship because they were running out of space in their old HQ and had to keep renting more and more buildings:
Apple has broken ground on its new $1 billion, 3-million-square-foot campus. The campus will initially house 5,000 employees, with the capacity to grow to 15,000, and is expected to open in 2022."
"Apple is on track to contribute $350 billion to the US economy between 2018 and 2023, and during that time will hire an additional 20,000 employees in cities across the country."
This was announced before the pandemic.
The Bloomberg article is just another hit piece from Mark Gurman. He talks about employee salaries being an issue. Even if they had 30,000 employees making $200k, that's $6b for a company that makes $275b in revenue and has nearly $200b in cash.
- Apple is embracing hybrid work and offering fair working policies for extremely well paid jobs - a lot of Apple's employees can't feasibly work remotely, especially in hardware. Facebook/Google/Microsoft are mostly software. - Apple is expanding globally and has been before the pandemic
Austin's "housing problems" doesn't apply to techies. It's much cheaper there than the Bay Area. Cupertino median prices are >$2m.
I personally don't believe in large scale HQs anymore. Once an industry becomes dominant in an area, the local governments becomes antagonistic towards them. Google had to pay a $200m "community funds" bribe + extra concessions to San Jośe to get their new campus approved. Companies are better off decentralizing instead of building out large scale HQs in a single area.
Austin's housing shortage applies to all residents looking to purchase a home as well as anyone relocating here. While it is cheaper than the Bay Area, it comes down to simple math. If you have more buyers than homes then not everyone can buy a home. It doesn't really matter what they do.
I called it. The spaceship was a stupid idea. Sure it looks cool but was obviously a vanity project without considering the long term feasibility. A rare misstep for Steve Jobs. Everyone is moving to Texas now to escape the insane prices of living in California.
They built the spaceship because they were running out of space in their old HQ and had to keep renting more and more buildings:
Apple has broken ground on its new $1 billion, 3-million-square-foot campus. The campus will initially house 5,000 employees, with the capacity to grow to 15,000, and is expected to open in 2022."
"Apple is on track to contribute $350 billion to the US economy between 2018 and 2023, and during that time will hire an additional 20,000 employees in cities across the country."
This was announced before the pandemic.
The Bloomberg article is just another hit piece from Mark Gurman. He talks about employee salaries being an issue. Even if they had 30,000 employees making $200k, that's $6b for a company that makes $275b in revenue and has nearly $200b in cash.
- Apple is embracing hybrid work and offering fair working policies for extremely well paid jobs - a lot of Apple's employees can't feasibly work remotely, especially in hardware. Facebook/Google/Microsoft are mostly software. - Apple is expanding globally and has been before the pandemic
Austin's "housing problems" doesn't apply to techies. It's much cheaper there than the Bay Area. Cupertino median prices are >$2m.
I personally don't believe in large scale HQs anymore. Once an industry becomes dominant in an area, the local governments becomes antagonistic towards them. Google had to pay a $200m "community funds" bribe + extra concessions to San Jośe to get their new campus approved. Companies are better off decentralizing instead of building out large scale HQs in a single area.
Austin's housing shortage applies to all residents looking to purchase a home as well as anyone relocating here. While it is cheaper than the Bay Area, it comes down to simple math. If you have more buyers than homes then not everyone can buy a home. It doesn't really matter what they do.
The supply and demand is already priced into the home price. The simple fact is anyone with Bay Area TC can easily afford Austin at this point, and outbid the current residents in the city. Even Tri-Valley home prices are 2x-3x higher than Austin city proper.
Everyone is moving to Texas now to escape the insane prices of living in California and avoid income taxes. That's why Elon Musk is moving Tesla headquarters to Texas.
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