Toyota moving to Texas

[riznick]

If I hadn't lived, I wouldn't believe it.  I agree, it's pretty unbelievable.

You gotta live in the extreme heat and adjust to it first.  I used to run a few miles per day in that heat too.  Always had plenty of Gatorade.

Something else...  I never wore sunscreen and never got sunburnt.  Now I just go outside for a bit and get sunburnt pretty quickly.

 

[Irvinecommuter]

Less taxes for rich people just mean more money for rich people...poor people and the state suffer.
http://www.theatlantic.com/business/archive/2016/03/state-budget-crisis/473157/

 

[eyephone]

How are we winning? We are in debt to our eyeballs. The state keeps on spending and spending. It's easy to spend money, like a corporate credit card. We need better leaders in our state.

A truly diversified job/business market, leaders in green technology, computers, and bioscience.  All done while preserving the environment and beauty of the state. 

California is projected to perform significantly better than the rest of the country in both growth and jobs. 

Last budget has a $2 billion surplus which is being saved and reinvested.  Great job by California government.

California owes $400 billion in debt and unfunded liabilities.
http://www.sfchronicle.com/politics...400-billion-debt-worries-analysts-6812264.php

 

[morekaos]

De-nial is not just a river in Egypt...

http://www.nationalreview.com/article/426974/businesses-leave-california-texas

Governor Jerry Brown has made several public statements over the past few years denying a ?mass exodus? of California businesses. Brown has a long history of making excuses when businesses reject his state. When Toyota announced it was uprooting three California plants and consolidating its headquarters in Plano, Texas, the Wall Street Journal quoted Brown as saying, ?We?ve got a few problems, we have lots of little burdens and regulations and taxes. But smart people figure out how to make it.? The Journal?s retort: ?California?s problem is that smart people have figured out they can make it better elsewhere.?

To be fair, Silicon Valley has enjoyed a boom in the last few years. However, as The Economist noted last year, ?whereas venture-capitalists and coders may be rushing to California, others cannot wait to leave,? as the state still faces substantial problems of its own making. ?Beyond the gilded strip of land between San Francisco and San Jose is another California, an inhospitable place plagued by over-regulation, mindless bureaucracy, high taxes and endless lawsuits,? in addition to the nation?s highest income-tax rate and highest minimum wage.

 

[irvinehomeowner]

What's wrong with venture capitalists and coders rushing to Cali?

The more rich and nerdy... the better.

 

[peppy]

Since apparently we just copy-pasta partisan opinions and reformat here's another take:

"Net migration isn?t 1% or 2%. It?s plus or minus 0.05% in most cases. Even as a share of total change in employment, migration is massively overwhelmed by employment changes due to local startups and closures, and local expansions and contractions. The truth is, net employment changes due to firm migration are within the rounding error of total employment. Over time they may matter, but overall they?re pretty miniscule."

 

[morekaos]

What's wrong with venture capitalists and coders rushing to Cali?

The more rich and nerdy... the better.

From the same article.....

In recent years, he says, ?California?s job market has rebounded on the strength of Pacific Rim markets, Silicon Valley, and the creative industries. But the Golden State?s big-government-knows-best policymakers continue to export jobs from more traditional sectors of the economy. The net result is a widening rift between the elites who live within ten miles of the Pacific and the rest of the state. It?s only a matter of time before California?s high-tax, heavy-regulation policies will cause the state to once again lead the nation in job losses.? And low-tax, business-friendly Texas will be the biggest beneficiary.

Additionally basic business is hobbled...

Entrepreneurs who survive the ordeal of gathering all the permits needed to start a business ? opening a restaurant can take more than two years in California ? are then micromanaged by labour laws telling them when to pay overtime, and how much. They suffer electricity prices that are already among America?s highest, and which may rise further to meet the state government?s ambitious carbon-emissions goals. Then there is the California Environmental Quality Act (CEQA). A well-intentioned law to curb the damaging effects of development has mutated into a monster. Almost anyone can file a CEQA lawsuit against any project they dislike; plaintiffs win half of the cases they enter, and when they lose, they do not need to cover defendants? legal fees (the reverse does not apply). Builders are compelled to hire expensive unionised labour to ward off union bosses? threats of spurious CEQA suits. Shops and petrol stations file cases to prevent competitors from opening up.

 

[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.

Good Question...where are all these articles?  Seems there would be a plethora of bragging if only it were true.  This is not  some rightwing propaganda.  These are published articles from Huffington Post, Wall Street Journal, Forbes, CNBC and the Economist.  Hardly all rightwing media outlets.  I always post the links in order to back premise and give context. Its not just a cut and paste argument.

 

[peppy]

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.

Good Question...where are all these articles?  Seems there would be a plethora of bragging if only it were true.  This is not  some rightwing propaganda.  These are published articles from Huffington Post, Wall Street Journal, Forbes, CNBC and the Economist.  Hardly all rightwing media outlets.  I always post the links in order to back premise and give context. Its not just a cut and paste argument.

You are quoting an article that appeared on the National Review (self described as "Up-to-the-minute conservative commentary on politics") by a writer (Sarah Rumpf) who is also a contributor to Breitbart. It's fine if you chose to do that but just own up to it. This is hardly an objective commentary.

 

[morekaos]

Quotes within that article alone are from Forbes, Wall Street Journal and The Economist.  Don't shoot the messenger if you don't like the message. You are free to quote whatever left wing media source you like to refute the numbers, if you can find any. The question still stands, where are all the articles about all the business and corporate headquarters beating a path to Cali?. Can't even get a restaurant open here without drowning in red tape, regulation and taxes.

 

[peppy]

Quotes within that article alone are from Forbes, Wall Street Journal and The Economist.  Don't shoot the messenger if you don't like the message. You are free to quote whatever left wing media source you like to refute the numbers, if you can find any. The question still stands, where are all the articles about all the business and corporate headquarters beating a path to Cali?. Can't even get a restaurant open here without drowning in red tape, regulation and taxes.

http://bfy.tw/4htm

 

[momopi]

I wanted to ask you guys a hypothetical question. If you were forced to move out of California and you can work your job anywhere with a WI-FI access. Which city and state would you choose and why? Would Dallas/Fort Worth be your first choice?

For me, it wouldn't be a "city". I'd pick a more rural location with lower population density.  Preferably near forested areas with game, reliable source of fresh water, small creek to run a hydro turbine or overshot water wheel.  I can keep myself busy gardening on 1-5 acres.  Only issue would be mail delivery (or how far I have to drive to pick up mail).

=======================

As for CA job market, I can speak from personal experience working for couple Fortune 500 companies.  The first one sits at the corner of Sand Canyon and Irvine Center Drive.  My group's work was in-shored to new San Antonio TX office and almost everyone in my group, up to the VP who did not take the relocation package to TX was laid off.  My current employer is across the street from Spectrum and they're relocating 1,300 employees from around the country into shiny new campus in Dallas.  Over the next 4 years they will also add 500 full time positions there, most of which are relocation from other states.  Dallas is providing up to $600,000 in incentives, provided that we have at least 1,600 full time employees there by April 2019.

Considering that employee salary is lower in Dallas, and that the City has to give companies additional economic incentive to move there, I think California or Irvine is not really in a "weak" position.  Employers have to pay much more for salaries, benefits, and real estate here, so the fact that other States have to pay additional bribes to get companies to move, means CA/Irvine is at least desirable in some ways.  However, I don't think we'll stay as desirable in the long term.

 

[eyephone]

I wanted to ask you guys a hypothetical question. If you were forced to move out of California and you can work your job anywhere with a WI-FI access. Which city and state would you choose and why? Would Dallas/Fort Worth be your first choice?

For me, it wouldn't be a "city". I'd pick a more rural location with lower population density.  Preferably near forested areas with game, reliable source of fresh water, small creek to run a hydro turbine or overshot water wheel.  Only issue would be mail delivery (or how far I have to drive to pick up mail).

=======================

As for CA job market, I can speak from personal experience working for couple Fortune 500 companies.  The first one sits at the corner of Sand Canyon and Irvine Center Drive.  My group's work was in-shored to new San Antonio TX office and almost everyone in my group, up to the VP who did not take the relocation package to TX was laid off.  My current employer is across the street from Spectrum and they're relocating 1,300 employees from around the country into shiny new campus in Dallas.  Over the next 4 years they will also add 500 full time positions there, most of which are relocation from other states.  Dallas is providing up to $600,000 in incentives, provided that we have at least 1,600 full time employees there by April 2019.

Are you moving to Dallas?

 

[momopi]

Are you moving to Dallas?

No.  Too many people.

I'm not a hermit, but I consider high population density as a liability.

 

[eyephone]

Are you moving to Dallas?

No.  Too many people.

I'm not a hermit, but I consider high population density as a liability.

So what's going to happen?

 

[irvinehomeowner]

Are you moving to Dallas?

No.  Too many people.

I'm not a hermit, but I consider high population density as a liability.

momotranslation: "I'm afraid of zombies."

 

[momopi]

Are you moving to Dallas?

No.  Too many people.

I'm not a hermit, but I consider high population density as a liability.

So what's going to happen?

At this time, I do not believe the Irvine office will close.  However, if it comes to that and I'm unable to find another job quickly, I can move to my house in Temecula for a while.  The mortgage is $380/month, jogging distance to the vinyards and I can keep 2 chickens in my yard/garden.  Short drive to the ~890 yard shooting range at Pala Indian Reservation.

 

[eyephone]

Are you moving to Dallas?

No.  Too many people.

I'm not a hermit, but I consider high population density as a liability.

So what's going to happen?

At this time, I do not believe the Irvine office will close.  However, if it comes to that and I'm unable to find another job quickly, I can move to my house in Temecula for a while.  The mortgage is $380/month, jogging distance to the vinyards and I can keep 2 chickens in my yard/garden.  Short drive to the ~890 yard shooting range at Pala Indian Reservation.

How did you get a $380 month mortgage? You bought back in the day?

 

[panda]

SoCal,
It seems like your boys are extremely smart. My best friend is a Harvard alumni and he is an executive at a fortune 500 insurance company. Part time he interviews prospective Harvard students in the Chicagoland area. He tells me that the world we live in now is a very different place since we were kids growing. Back then it was all about getting good grades, attending an elite university, and get a high paid W2 job in corporate America.

He says the skills I need to teach my kids today is not all about academics but more on entreprenuership, creativity, interpersonal skills, and leadership. Suprisingly, he is not focused on getting his two boys into an Ivy league school but raising them to be well balanced so that they can be productive and independently successful adults. I agree with you the best years of California is behind you and you want your boys to do well not just in academics but as adults. Putting them in the right environment where they can succeed is very important in my opinion. Our boys attend an elementary school here where more than 50% of students are Asian and personally I don't think this is a very healthy environment for them as this is not reflective of what the real world is like.

Check out these two links on Kiplingers. I am not saying you should consider Georgia when you retire, but one of the great perks in the peach state is that your social security benefits are not taxed. Your passive income or retirement income is exempt up to $70k between the ages of 62 to 64 and exempt up to $130k when you are 65 and over. Property taxes cut in half for senior citizens depending on the county you are in. Another great benefit is our non-need based HOPE scholarship where tuition is paid for by the state for any GA state school i.e. Georgia Tech. I believe the High School GPA requirement is like a 3.0 and you can get books and room and board subsidized at 3.5 and above. My Harvard friend is on target to retire right when his first son is a junior in high school and he plans move to Atlanta from Chicago to possibly take advantage of the HOPE scholarship. The total costs for college (4 years) even in a state school can run $150k per child in about 5 years assuming no financial aid or grants.   

California - Second Worst State to Retire
http://www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/index.php?map=&state_id=5&state=California

Georgia - Fourth Best State to Retire
http://www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/index.php?map=&state_id=11&state=Georgia

     

I wanted to ask you guys a hypothetical question. If you were forced to move out of California and you can work your job anywhere with a WI-FI access. Which city and state would you choose and why? Would Dallas/Fort Worth be your first choice?

In would depend on what stage of life I was in i.e. the future vs. if I could go back in time and do my life over. The Dallas area. Highlands Ranch, CO. Mayyybe Summerlin, NV. Perhaps some parts of Arizona.

Panda, it's too late for me since I'm locked into O.C. until my youngest graduates high school but, as I was just telling Mr. SoCal last night, California's best days are behind it... I want better for our kids. I would advise them with confidence that, after college, they should start their lives and families in a different area. I'm willing to move with them, especially, to any nice conservative area that's not infested with snow or kooky liberals. I'm looking at you, Portland.

 

[eyephone]

Panda - just curious is there an income limit for the full ride scholarship?