irvinehomeowner said:You have to be an optimist.
If thousands of 6-figure jobs are leaving Cali, that means RE prices will go down right?
@qwerty:
Are you really worried that the Cali economy is going to go downhill like morekaos? And everyone is going to move to TX? I don't think TX is that much of a "lure". Would you want to move there?
This feels like much ado about nothing to me (obv except for the people who have to relocate). Like I said before, just like the bubble, the number of jobs in Cali will correct itself.
morekaos said:I think I am being read all wrong. I am neither pessimist or an optimist. I just call it the way I see it. This to me is clearly a problem that needs to be addressed. Reaction by our politicians will either be by choice or forced upon them by the markets. I have as much as stake as anyone here. I own a home, I work here and my family is here. Of course I want us all to succeed. I agree, that the system eventually rights itself but that doesn't change the process. It is what it is, I am just pointing it out.
And so diverse too:qwerty said:i wouldnt move to texas, but i make a shitload of money and am extremely smart, great looking, excellent personality, etc, so ill always make a shitload of money in CA ;D
The trouble is that taxes, regulations and business climate appear to have had nothing to do with Toyota's move. It came down to a simple matter of geography and a plan for corporate consolidation, Toyota's North American chief told The Times. And in the big picture, California's and Texas' economies are growing at a similar pace, with corporate relocations ? in either direction ? representing only a tiny slice of job growth in both states.
"It may seem like a juicy story to have this confrontation between California and Texas, but that was not the case," said Jim Lentz, Toyota's North American chief executive.
Toyota left California to move its company's brainpower, now divided among offices in three states, into one headquarters close to the company's manufacturing base, primarily in the South.
"It doesn't make sense to have oversight of manufacturing 2,000 miles away from where the cars were made," Lentz said. "Geography is the reason not to have our headquarters in California."
"It's a prime example of the state's unfriendly tax code and business regulations that drive businesses out of the state," said Allan Mansoor, the top Republican on the state Assembly's economic development committee. "The whole thing could have been prevented."
Economic data paint a different picture, according to experts who study job migration and creation. For one thing, poaching of jobs does little to grow the economy of any state.
The Public Policy Institute of California studied this phenomenon over a 15-year period, from 1992 to 2006. It found that less than 2% of jobs lost in California were due to companies leaving, and only 1% of jobs created were due to companies moving in.
More recent figures were not available, but experts say it's unlikely that dynamic has changed, particularly given that the number of major corporate relocations and expansions nationwide has fallen sharply in recent years. According to Conway Data, which tracks site-selection activity, the number of big corporate moves last year was half what it was at its peak in the late 1990s.
"Governors should tune out the war between the states. That's not where job creation happens," said Greg LeRoy, executive director at Good Jobs First, a think tank that tracks corporate subsidies. "Job creation happens at home."
morekaos said:Then is seems our fate is solely to incubate then out-migrate those businesses to other states that treat mature companies better. All these examples we have gone through are up and running business that look to leave. I would love to see an LA Times article trumpeting a major business moving here and hiring all those high paying jobs for whatever reason, be it geography, strategic planning or lower operating costs. In the end incubation is a thin nail to hang your hat on for the future. Our economy takes on all the risk and reaps little of the long term rewards.
irvinehomeowner said:And so diverse too:qwerty said:i wouldnt move to texas, but i make a shitload of money and am extremely smart, great looking, excellent personality, etc, so ill always make a shitload of money in CA ;D
- Rodent prevention services
- Visual entertainment for neighbors
- Open House value appreciation
- Sales office strong arming
- HOA rules resistance training
- Dietician consulting
- Dog ownership advice
- Old school birthday party planning
Irvine Dream said:Let's calm down and enjoy this thread for all it have to offer, information and facts sometimes and witty humor and not engage in attacks.
On another note Qwerty what kind of job you do (I am sure it is not what California Court implies)? It must be nice to be able to afford Irvine on one person's salary and still have a life
morekaos said:Even the bureaucrats blame the bureaucracy.
http://www.cnbc.com/id/101625195
Torrance Mayor Frank Scotto blames the state of California for Toyota Motor's decision to relocate its North American headquarters from the city to Plano, Texas.
"The state of California lost Toyota," Scotto said on "Power Lunch" Tuesday.
He pointed to a number of issues in the Golden State that negatively affect companies' bottom line: tax structure, workers' compensation and liability insurance.
"There are so many other levels of problems that we face in California that make it very difficult for any business to be in the state of California," he added.
morekaos said:Can't catch a break, Bad to work here AND now bad to retire here. Will I be only one left here soon?
paperboyNC said:morekaos said:Can't catch a break, Bad to work here AND now bad to retire here. Will I be only one left here soon?
If you hate California so much, please move.
Thank you.