Toyota moving to Texas

[eyephone]

Panda the savings in $875 and is $50 is small.
The cost of living in Georgia is less than California.

It makes sense that Texas is the #1 destination for California corporations due to 0% state income tax%. If you look at the list below there is definitely a correlation between being a business friendly state vs real estate appreciation in the state. The strongest real estate appreciation over the past 12 months took place in Colorado and Texas where property values are up 10% above the last 2006 real estate peak. You can also see that Texas, Neveda, Washington, and Florida are all 0 state income tax states. Just to have a LLC in California the franchise tax is $875/year. Here in Georgia, the costs are minimal at $50/year. 

The Top 10 States in the order starting with those that gained the most are: (1) Texas, (2) Nevada, (3) Arizona, (4) Colorado, (5) Washington, (6) Oregon, (7) North Carolina, (8) Georgia, (9) Florida and (10) Utah tied with Virginia. Texas was the top destination each year during the eight-year study period

Then why is it getting more crowded in Irvine?

Because it's not businesses moving in...its just people :-\

 

[morekaos]

Then why is it getting more crowded in Irvine?

Because it's not businesses moving in...its just people :-\

So it's all jobless FCBs?

Why is Irvine building those towers? There has to be some article about how many businesses are moving to Irvine and surrounding areas.

Sometimes massive office expansion is not a good thing...

https://www.questia.com/magazine/1G1-218191650/hard-times-in-the-o-c-once-home-to-many-major-subprime

Hard Times in the O.C.: Once Home to Many Major Subprime Lenders, Orange County Was the Epicenter of the Mortgage Market Meltdown. Now It Has Tons of Empty Office Space

 

[panda]

The main difference is in corporate taxes and not being a business friendly state. Can you imagine trying to execute a series LLC strategy in California or putting each one of your 15-20 rental properties in a seperate LLC? It is not going to be cheap.

Yes you are correct. The cost of living is super cheap in Georgia vs living in California.

Panda the savings in $875 and is $50 is small.
The cost of living in Georgia is less than California.

It makes sense that Texas is the #1 destination for California corporations due to 0% state income tax%. If you look at the list below there is definitely a correlation between being a business friendly state vs real estate appreciation in the state. The strongest real estate appreciation over the past 12 months took place in Colorado and Texas where property values are up 10% above the last 2006 real estate peak. You can also see that Texas, Neveda, Washington, and Florida are all 0 state income tax states. Just to have a LLC in California the franchise tax is $875/year. Here in Georgia, the costs are minimal at $50/year. 

The Top 10 States in the order starting with those that gained the most are: (1) Texas, (2) Nevada, (3) Arizona, (4) Colorado, (5) Washington, (6) Oregon, (7) North Carolina, (8) Georgia, (9) Florida and (10) Utah tied with Virginia. Texas was the top destination each year during the eight-year study period

Then why is it getting more crowded in Irvine?

Because it's not businesses moving in...its just people :-\

 

[irvinehomeowner]

I sense strawman shenanigans.

Cali business climate will be fine... people still love to live here, companies still like to HQ here.

Silicon Valley isn't going to the rodeo.

 

[morekaos]

Irvine is no Silicon Valley and Silicon Valley does not make a state.  Additionally,  the heavyweights in SV are conspicuously expanding massive new facilities in other states (Apple, Intel, Tesla and Google to name just a few).  Our states economy depends on much more than just SV and beyond that shining city on a hill the rest are slugging it out in the hedgerows.

 

[irvinehomeowner]

Pfft.

We still have Hollywood and tons of other types of business that will keep Cali relevant.

Our economy is bigger than many countries.

The sky is not falling.

 

[AW]

It's kinda odd that when comparing to SV, tons of SV jobs allow for telecommute, are the companies leaving Cali allow for telecommute, I doubt Toyota or Carl's jr does. 

 

[eyephone]

I sense strawman shenanigans.

Cali business climate will be fine... people still love to live here, companies still like to HQ here.

Silicon Valley isn't going to the rodeo.

I guess you haven't heard about Silicon Prarie. (Look it up)

 

[morekaos]

Pfft.

We still have Hollywood and tons of other types of business that will keep Cali relevant.

Our economy is bigger than many countries.

The sky is not falling.

Of course the sky is not falling.  That implies an overnight event.  This has been a slow motion chain reaction car accident.  All I point out is we can step out of the way if we want to or we can stand there in denial and get run over.  Hollywood has realized this too.  The loss of business is tax and regulatory driven.  They are begging for help.

http://canadafreepress.com/article/poor-impoverished-hollywood-is-feeling-the-heat-starts-begging-for-tax-brea

Poor, impoverished, Hollywood is feeling the heat - starts begging for tax breaks

Even liberal Hollywood is feeling the tires treads. But if you ask them (and I have) they see no hypocrisy in using tax law to their advantage or that they brought this hit and run on themselves...astonishing

 

[eyephone]

Pfft.

We still have Hollywood and tons of other types of business that will keep Cali relevant.

Our economy is bigger than many countries.

The sky is not falling.

Why does the state subsidized the entertainment industry and not others? (Political)

 

[peppy]

Pfft.

We still have Hollywood and tons of other types of business that will keep Cali relevant.

Our economy is bigger than many countries.

The sky is not falling.

Why does the state subsidized the entertainment industry and not others? (Political)

It already does.

 

[morekaos]

To my point of the slow motion nature of this disaster and in answer to the size of our economy, there was a time when California was the 5th largest economy in the world in 2002..

http://www.lao.ca.gov/2002/cal_facts/econ.html

We slipped to the 9th largest in 2013

http://www.lao.ca.gov/reports/2013/calfacts/calfacts_010213.aspx

We have since bumped back to 7th but the direction is still negative.

http://sanfrancisco.cbslocal.com/2015/06/10/california-world-7th-largest-economy-larger-than-brazil/

 

[panda]

You can see that the local job market in Orange County is very much correlated with both the local real estate market and the stock market.

 

[eyephone]

Pfft.

We still have Hollywood and tons of other types of business that will keep Cali relevant.

Our economy is bigger than many countries.

The sky is not falling.

Why does the state subsidized the entertainment industry and not others? (Political)

It already does.

My point is there are subsidizes for business to shoot movies in California. However for companies like Toyota and Nissan there are none. Some people say because entertainment is tied to the Demcratic party. Tesla's battery plant is in Nevada why not California?

 

[Irvinecommuter]

To my point of the slow motion nature of this disaster and in answer to the size of our economy, there was a time when California was the 5th largest economy in the world in 2002..

http://www.lao.ca.gov/2002/cal_facts/econ.html

We slipped to the 9th largest in 2013

http://www.lao.ca.gov/reports/2013/calfacts/calfacts_010213.aspx

We have since bumped back to 7th but the direction is still negative.

http://sanfrancisco.cbslocal.com/2015/06/10/california-world-7th-largest-economy-larger-than-brazil/

That seems like a pretty arbitrary measuring point.  California is pretty much a mature 1st world market and thus growth is no expected to be very dynamic.  Brazil and Russia fluctuate all the time. 

Additionally, California and New York's GDP are much less dependent on oil and thus did not get the benefit of high oil prices.  Of course, they are much more stable in light of the recent plunge in oil prices.
http://www.cnbc.com/2016/01/25/oil-price-plunge-isnt-all-good-news-for-the-economy.html
http://www.star-telegram.com/news/b...gs/baker-ahles-kaskovich/article55066195.html

California posted 2.3% growth year over year, which is extremely impressive in light of the global recession and it being such a huge economy.
http://www.latimes.com/business/la-fi-california-economy-growth-20150929-story.html
http://www.newyorker.com/business/currency/california-bested-texas

Oh...let's see how the low tax/low regulation experiment out in Kansas is going
http://www.esquire.com/news-politics/politics/news/a41976/sam-brownback-kansas-budget/

 

[Irvinecommuter]

You can see that the local job market in Orange County is very much correlated with both the local real estate market and the stock market.

You can make the argument that the reverse is true.

 

[panda]

I think we can all agree if there is a sudden 50% drop in the S&P between 2016-2017, the local job market in Orange County will look similar to that of 2007-2009.

You can see that the local job market in Orange County is very much correlated with both the local real estate market and the stock market.

You can make the argument that the reverse is true.

 

[Irvinecommuter]

I think we can all agree if there is a sudden 50% drop in the S&P between 2016-2017, the local job market in Orange County will look similar to that of 2007-2009.

You can see that the local job market in Orange County is very much correlated with both the local real estate market and the stock market.

You can make the argument that the reverse is true.

I think there is a lot more at play than local real estate if there is such a drop. 

 

[panda]

 

[eyephone]

Just imagine if California cut the tax rate, there will be more companies that will come back to California. Real estate will be off the charts.

California Politicians don't know and understand business.