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rootvg
2012 Mar 9, 11:22am
The problem with Texas, especially for someone from California is the climate and then the culture.
For many its not going to matter... if one candidate declines, there will be plenty others will accept. No different if it was IBM, Intel, Dell, HP or GE in any othe city or state outside of CA.
Typically, we only have 1000-2000 emloyees working in the BA. for these large company. Far many more are outside of the region. Those are the realities.
It mattered for everyone I knew. Of all the people I worked with during the years we lived there, the only ones who stayed were those who couldn't go anywhere else because they had poor skills or grew up there.
It damn sure does matter. I was THERE. My politics are a better fit for Texas than California as I'm sure you've figured out by now but we were so sick so often than it didn't matter what kind of house we had. We lived in 2800 sq ft, solid brick, pool/spa in one of the nicest neighborhoods in Plano. The guy next door was a manufacturer's rep and the guy in back was a retired SVP of HR for Travelers Insurance and later Citibank. Anyone who made over $100K yearly salary and needed to be gotten rid of ended up being fired by him. He was a traveling HR manager and scalp hunter. You should have seen the inside of that guy's house. He must have made a ton of money over the years. He bought a new Cadillac and Corvette every three years. That right there told me he came from finance.
It mattered for everyone I knew.
AMD had a several thousand located in California back in late 80s. Today, around 700.. the rest 10,000+ of the headcount is in Austin and other parts of the globe. Symantec has under 1500 in SFBA, while the rest of the 17,000 is outside. For many outside of CA there isnt any issues. They are all too glad to have SV Tech jobs and live in much lower cost regions.
SAN FRANCISCO (Dow Jones)--Apple Inc. (AAPL) plans to build a $304 million campus in Austin, Texas, doubling its presence there over the next decade.
The Cupertino, Calif., company said it will add 3,600 jobs in the next 10 years to its existing work force of 3,500 employees there. Apple said the move is part of a rapid expansion from 1,000 employees in 2004.
If we only had in the SFBA home prices same or somewhat close to Texas home prices, and a favorable business enviroment, oh the jobs we could grow in the Bay Area. Just think about it...heck even cheap homes in Modesto sounds good about now...
Anyone want to discuss "Fortress" prices, the weather, the eco system, which will feed home prices and keep your jobs here.... keep praying!
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Little have been said about the improving job situation.
The commerce department reported about 243K new jobs created in January 2012, notwithstanding government layoffs. Furthermnore, unemployment claims appears to be at the lowest level since the great recession.
These indicators are the most positive they have been for at least 4+ years. (Note that I am not saying the job situation is good, but it is obvious things are developing for the better) It appears the econoomy is turning the corner and finally lead by jobs and ultimately consumer confidence which will surely lead to housing price turnaround.
The next follow-up leading indicator will be consumer confidence which I predict will be up.
Last year around this time, gasoline price, Japan earthquake and Greece pretty much killed the positive momentum. Am really hoping that gas doesn't slow things down again. 2012 may be the best yet.
http://www.dol.gov/opa/media/press/eta/ui/current.htm
http://www.economicpopulist.org/content/unemployment-83-january-2012-243000-jobs-really
#housing