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Abstract

cost way less and offer more amenities. They also get to pay lower taxes than they used to while their pay remains the same.</p><p id="96f1">Most people are already comparing<a href="https://en.wikipedia.org/wiki/Decline_of_Detroit#:~:text=The%20city%20of%20Detroit%2C%20in,the%20first%20time%20since%201850."> San Francisco with Detroit</a>, but that may be a bit harsh. San Francisco is more stable than Detroit was in the 1940s. It has already survived the dot com bubble, and it is now held by stable businesses. No one could expect that Google, Apple, Facebook, Microsoft, and thousands of other companies are going to leave California. It is absurd. Yes, it may no longer be the same California of the years gone past, but it still deserves respect.</p><h2 id="508a">Effects of a mass exodus</h2><p id="cde0">Due to this mass exodus, real estate prices took a major tumble. Highly-paid individuals are no longer there to fork thousands of dollars for corridors and the demand too has fallen. The competition is no longer amongst the tenants but real estate companies. Small and young start-ups have left, some closed due to the pandemic, and rents for offices have also gone down.</p><p id="3ad8">However, when flexible and most probably well-paid individuals are leaving Cali to work from home somewhere, the poorly paid cleaners and packers cannot clean and pack from home. Offices still need to be cleaned and maintained and shops stocked. This has always been the reality of California, but it could get better due to fallen real estate prices. It is still a double-edged sword.</p><p id="463c">A falling economy would mean fewer workers unemployed, who will ultimately leave the state. The state loses taxes and money from the laid-off workers. The economy plummets even further, and more workers are laid off? Will this be the reality of California, or it is more stable than that?</p><h2 id="b35d">California VS Texas</h2><p id="64af">Texas and California are the two most populated American states, hosting a fifth of the national population. They have a long rivalry, being the largest democratic and republican states, respectively. Texas is huge, it takes more than 12 hours to drive from one end to the other. It is 1.6 times bigger than the state of California and the second-largest state behind Alaska. There is plenty of land for farming, development and any other thing land could be used for. It is very hot though in Texas, hotter than California.</p><p id="10de">Lately, Texas has been on steroids, increasing both its job and population growth, while California’s stalls. Is it a great idea to compare Texas and California, since they are very different from each other? They are both great assets to the country and the US will not be the same without them. The comparison is not to find flaws in the other, but to point out their strengths and weaknesses.</p><p id="2788">Texas does not have any income and that may be the reason it has attracted people like Elon Musk, Joe Rogan, and Drew Houston. If it were a country, it would be the ninth-largest economy in the world, compared to the fourth of California. Texas has great cities like Austin, Dallas, and Houston which offer a variety of incredible things. Dallas is the financial capital of the state, central Texas is a manufacturing hub and Houston is where oil and natural gas mining is, headquartering Exxon and Shell.</p><p id="4357">Texas has been the country’s top exporter for

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18 consecutive years owing that to oil and natural gas. It is home to 50 Fortune 500 headquarters, more than 1,600 foreign-owned companies, and 2.7 million small businesses. Texas does not lack top education institutions, having some of the best universities in the country and the world. As people are leaving San Francisco, Texas is the second place where most of them land.</p><p id="0523">The cost of living in Texas is normal. California might be big on big tech, but that does not mean Texas does not have the tech of its own. Texas has a rich history of tech too, even older than California’s. There are Venture capitalists in Texas, not as many as in California but the number has been steadily growing since the pandemic. In 2019 California had a venture capital investment of $65.6 Billion while Texas was fifth with$ 3.7 billion.</p><p id="13dd">Texas is known for its freedom and independence, perhaps that makes it superior to California in governance. California has some very strict laws, and it is those laws that are now pushing people away. They pushed Elon Musk out of the state after they closed businesses and Elon defied regulations to open the Tesla factory in Fremont. He was forced to close again and that made him decide to move to Texas.</p><p id="78d1">Texas independence is with its flaws too, it is that independence that led to the state going dark and losing billions of dollars in a couple of days. They do not want to get their electricity from the national grids because of their push for independence and fear of federal regulations.</p><h1 id="5e43">Suggested stories</h1><div id="70f2" class="link-block"> <a href="https://readmedium.com/carbon-capturing-technology-the-key-to-a-greener-world-1d4aadeea65b"> <div> <div> <h2>Carbon capturing technology. The key to a greener world?</h2> <div><h3>Would carbon-capturing reverse the effects of climate change?</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*GL746s-_ryw9-Ov6)"></div> </div> </div> </a> </div><div id="1ca3" class="link-block"> <a href="https://readmedium.com/what-apple-car-means-for-the-automotive-industry-a8ccfc0b613c"> <div> <div> <h2>What Apple car means for the automotive industry.</h2> <div><h3>The disruption of Apple in the auto industry.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*6PaBF0b5ak253K8w)"></div> </div> </div> </a> </div><div id="73e2" class="link-block"> <a href="https://readmedium.com/story-of-an-african-e-ntrepreneur-6b336e894687"> <div> <div> <h2>Story of an African E-ntrepreneur</h2> <div><h3>Doing online business in Africa.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*heCZH7Vxc9w1FMM03d9KzQ.jpeg)"></div> </div> </div> </a> </div></article></body>

Why Elon Musk moved from California to Texas.

Is California losing to Texas?

“If a team has been winning for too long, they do tend to get a little complacent, a little entitled and then they don’t win the championship anymore. California has been winning for too long”.

That was Elon Musk speaking about California late last year.

Elon Musk recently moved from Los Angeles, California to Austin, Texas. The Tesla man relocated to Austin after building what he calls a Gigafactory there. Oracle has moved its headquarters there and Apple is building its second-largest campus. Governor Abbott talked to TikTok about a possible American headquarters there, too.

Elon is one of the many high-profile and skilled people to exit the golden state for the lone star state. The pandemic has really put it in plain sight that California is unreasonably unaffordable. Even with its great weather, beautiful beaches, and booming tech industry, people are now over it.

Charles Schwab has relocated their headquarters from California to Denton, North Texas and Hewlett Packard Enterprise is relocating to Houston. A quick fact: Hewlett Packard is one of the first companies that started Silicon Valley.

If California were an independent country, it would be the fifth-largest economy with a GDP of 3.2 trillion dollars. It would be ahead of India and slightly behind Germany. These are crazy figures, which explain the importance of a thriving California to America and its population. The state has a bit of everything. It has the largest film industry; a booming tech hub, and it is America’s biggest wine producer.

Due to its high cost of living inflated by the high-paying tech and movie industries, the average person has found it hard to survive on the little they get. Real estate is super expensive, and a little one-bedroom apartment goes for over 2000 dollars a month. By apartment meaning, a place to sleep and eat.

After 2020 popularized working from home, people with flexible careers took advantage of that and worked from home in another state. This includes the pride and joy of San Francisco, tech workers. They bought good quality homes in neighboring states like Nevada and Oregon that cost way less and offer more amenities. They also get to pay lower taxes than they used to while their pay remains the same.

Most people are already comparing San Francisco with Detroit, but that may be a bit harsh. San Francisco is more stable than Detroit was in the 1940s. It has already survived the dot com bubble, and it is now held by stable businesses. No one could expect that Google, Apple, Facebook, Microsoft, and thousands of other companies are going to leave California. It is absurd. Yes, it may no longer be the same California of the years gone past, but it still deserves respect.

Effects of a mass exodus

Due to this mass exodus, real estate prices took a major tumble. Highly-paid individuals are no longer there to fork thousands of dollars for corridors and the demand too has fallen. The competition is no longer amongst the tenants but real estate companies. Small and young start-ups have left, some closed due to the pandemic, and rents for offices have also gone down.

However, when flexible and most probably well-paid individuals are leaving Cali to work from home somewhere, the poorly paid cleaners and packers cannot clean and pack from home. Offices still need to be cleaned and maintained and shops stocked. This has always been the reality of California, but it could get better due to fallen real estate prices. It is still a double-edged sword.

A falling economy would mean fewer workers unemployed, who will ultimately leave the state. The state loses taxes and money from the laid-off workers. The economy plummets even further, and more workers are laid off? Will this be the reality of California, or it is more stable than that?

California VS Texas

Texas and California are the two most populated American states, hosting a fifth of the national population. They have a long rivalry, being the largest democratic and republican states, respectively. Texas is huge, it takes more than 12 hours to drive from one end to the other. It is 1.6 times bigger than the state of California and the second-largest state behind Alaska. There is plenty of land for farming, development and any other thing land could be used for. It is very hot though in Texas, hotter than California.

Lately, Texas has been on steroids, increasing both its job and population growth, while California’s stalls. Is it a great idea to compare Texas and California, since they are very different from each other? They are both great assets to the country and the US will not be the same without them. The comparison is not to find flaws in the other, but to point out their strengths and weaknesses.

Texas does not have any income and that may be the reason it has attracted people like Elon Musk, Joe Rogan, and Drew Houston. If it were a country, it would be the ninth-largest economy in the world, compared to the fourth of California. Texas has great cities like Austin, Dallas, and Houston which offer a variety of incredible things. Dallas is the financial capital of the state, central Texas is a manufacturing hub and Houston is where oil and natural gas mining is, headquartering Exxon and Shell.

Texas has been the country’s top exporter for 18 consecutive years owing that to oil and natural gas. It is home to 50 Fortune 500 headquarters, more than 1,600 foreign-owned companies, and 2.7 million small businesses. Texas does not lack top education institutions, having some of the best universities in the country and the world. As people are leaving San Francisco, Texas is the second place where most of them land.

The cost of living in Texas is normal. California might be big on big tech, but that does not mean Texas does not have the tech of its own. Texas has a rich history of tech too, even older than California’s. There are Venture capitalists in Texas, not as many as in California but the number has been steadily growing since the pandemic. In 2019 California had a venture capital investment of $65.6 Billion while Texas was fifth with $3.7 billion.

Texas is known for its freedom and independence, perhaps that makes it superior to California in governance. California has some very strict laws, and it is those laws that are now pushing people away. They pushed Elon Musk out of the state after they closed businesses and Elon defied regulations to open the Tesla factory in Fremont. He was forced to close again and that made him decide to move to Texas.

Texas independence is with its flaws too, it is that independence that led to the state going dark and losing billions of dollars in a couple of days. They do not want to get their electricity from the national grids because of their push for independence and fear of federal regulations.