GeneralBrock

Soli said:

monstrosity said:

GeorgeBMac said:

Why Austin?
Why Texas?

Because California and in particular San Fran have no pleasant future outcome. Dead state walking. People and businesses are fleeing.

I recently started a new company in the US. My heart has always been in California, but from a business POV it didn't get a look in. Florida or Texas. Florida won.

Um, no. California is the 5th largest economy in the world. It's not going to simply die. What is happening, is Apple, like all companies, are moving to location where there are resources that are yet untapped, which for this type of facility means that Austin is a good fit.

Your distorted feelings about California are not new and yet Apple completed an HQ right now the road from its previous HQ. So why would Apple do that if the writing was on the wall that companies were fleeing CA because, as you put it, is a "dead state walking"? Do you think Apple is that daft at operations? I don't, but if you do you probably should sell any stock ASAP.

California actually has the largest outflow of residents of any state in the US, Illinois is a close second I think. CA isn’t dying but it also isn’t growing. I’ve worked with clients in California for 15+ years and there is a very large shift taking place today. I’m seeing so many more companies in NY, Boston, Austin than ever before and less in CA. San Fransisco is a shadow of itself today and not really all that pleasant to visit at the moment. Traffic, pricing, sanitation, taxes, take your pick. There are many factors driving the change and each company has its own reasons of course but so many young companies have realized they don’t need or want to be in CA to build an effective business. And the economic climate in TX is very enticing, without some of the CA upsides sure, but also without many of the CA downsides as well. I’ve always loved CA but it’s not the same today as even 5 years ago.