[update]Elon and Friends moving to Texas, Samsung $17 billion plant in Taylor

AHA!!!

I know this will shock you, but the Statesman writeup totally butchered the numbers in the actual report, here it is (easy to read, pretty pictures and everything):

https://www.honestaustin.com/wp-con...ational-Homebuyers-Report-2020-compressed.pdf

eta: and yes, foreign = non-citizen

 

Is that some sort of 70's p*rn reference?

 

Why don't you do a search on tech companies started in TX and compare it with CA? LOL. Scoreboard baby.

 

Your video shows 7 California's wanting to buy mansions. Who is driving the real estate property in this direction? Lol

 

Austin is one of the top Cybersecurity hubs in the world. It's not exactly known for it's technological innovation beyond that though. My sister is in real-estate in Austin and does quite well for herself. That said, she complained about Chinese investors that buy out homes, apartments and condos to rent out while providing the minimum in basic repairs that would be responsible for the landlord to maintain. Also a lot of people moving in from Cali and other states. Very little new home ownership and good paying jobs actually ends up benefiting local Austinites as a result.

Most local Austinites that work stagnant wage jobs have to end up selling their property because of increasing property taxes as more tech companies move here and end up having to purchase homes out in rural areas just to make it. It used to be Pflugerville was the affordable hub to locate to back in the 90s and early 2000s. That's no longer the case as even places further out from N. I-35 like Hutto are increasing in rent and mortgage. It's partly a contribution to the rising homelessness issue in Austin and greater parity in wealth among the poor and middle class.

It's one of those things that our elected officials can brag about creating jobs, but those jobs don't ultimately benefit local Texans, unless you happen to be in something like real estate or your construction company is contracted to make more residential homes to sell or help build a portion of whatever new tech factory is being built. It's a greater benefit to outsiders with better public and college education programs that come from other states and countries. Not as much local Texans though.

Programs like this, https://www.capitalidea.org/ , benefit Travis county residents that are poor more than any tech company moving to Texas. Besides breaking cycles of poverty by educating poor people to a level of competency to work higher wage jobs with upward mobility for promotions, it also is a positive return on investment with your tax dollars. For every tax dollar put in, you do actually get $1.10 to $1.12 as a return on your investment. Considering poor people are more likely to be on programs like Medicaid, Medicare, SNAP, Social Security Disability and other government dependent programs, a job training program like what Capital IDEA employs, educates poor people to earn a higher wage job for a private company that offers better health insurance packages than what government provides while putting them in a high enough income bracket which is middle class, thus disqualifying them from government programs they were previously dependent on to survive.

 

Dont waste your time, some people are too ignorant to think beyond what some politicians tell them.

 

First, don't feel like im criticizing you. But your message is a bit all over the place. These are the same issues Seattle and San Francisco complain about. Its likely inevitable. I don't expect the government to do much, especially in Texas. California and Washington certainly put jobs and the economy first.

If our country is truly serious about putting poverty and education on the forefront, we need to do a serious overhaul on our education system...starting at the grade school level.

 

Outside of a few posters I find to be pathetic trolls, I really try to avoid demonizing anyone, even if I disagree with them. Instead, I think it's better to illustrate the pros and cons to tech company moves like this that maybe they're not aware of. This tech move has it's pros to it. It will benefit some local Texans in real estate like my sister, who again is doing very well for herself. It benefits people in IT, like myself and my brother in law. Again Austin is one of the top Cybersecurity hubs around the globe. Its IT influence is strong. It does open up construction opportunities for new residential homes to be built and other construction opportunities for shopping centers which small businesses or franchises can lease out on around those new neighborhoods. It does attract wealthy and educated people to move here.

The Cons though, is it doesn't benefit any local Texans not in real estate or construction. It's more of a negative than a positive for home owners that used to live in the ghetto-ish areas of Montopolis, Riverside and East Austin. Those areas over the past few decades have been gentrified enough and Austin has grown enough to the point where poor people who could afford 90s property taxes aren't able to afford 2020 property taxes. Same **** that happened to housing around St. Edward's University. Those were poor people neighborhoods that are now prime real estate for ambitious Californians with money to buy out instead. Or Chinese investors as I already stated. Only difference is instead of places like Plfugerville being affordable like it used to be for poor people in the 90s, the affordability for poor people around Austin is being pushed further and further out to more rural areas surrounding Austin like Hutto, Elgin, Kyle and even Buda.

Plus Austin is or was a primarily college town. It's existing freeways were never designed to cater to a larger population that is only growing faster than construction can keep up. So you get all these toll roads that can run you up to $80-120/month if you want to navigate around the city at any sort of efficient pace during more hectic hours of traveling during the day. Traffic is **** in the city. Property taxes are too. If you're poor and live in or around Austin, it really sucks for you. Enjoy that 3 hour bus fare it takes to get to work downtown while having two other roommates in your Chinese invested rental property that's breaking down to split the rent with.

 

Completely agree with you. I've stated it before, but start teaching Ethics from Kindergarten up to Senior year in high school. Fund STEM and Computer Science especially in your poorer communities. It's one thing to read about chemical reactions in a textbook and watch it in Youtube videos. It's another thing to have a Chemistry lab with all the modern equipment for young children to hands on learn with the right teacher at the helm. Get youths excited about the sciences and current mysteries evading our best and brightest. These are common sense investments to me that will only benefit all Americans, indirectly or otherwise.

 

It's not just primary education but higher education. It's no coincidence that CA has some of the best public and private universities and is the innovation center of the world.

I mean I like Texas Walker Ranger.... but come on.....

 

You'd have to check their scholarship programs.... I mean it is one of the best research universities in the world.

Rice is good..... but come on.

 

You seem to never tire of repeatedly exhibiting your ignorance.

Trustees set 2020-21 tuition, again expand financial aid for middle-income families
Currently at Stanford, parents with annual incomes below $125,000 and assets typical of that income level are expected to pay no tuition; Stanford offers scholarship support to cover this cost. This threshold will increase to $150,000 in 2020-21. In addition, parents with annual incomes below $65,000 and typical assets pay no tuition and also pay no charges for room and board. (Students receiving need-based aid are expected to contribute an average of $5,000 per year in work and summer earnings toward their cost of attendance.)

 

Impoverish kids have trouble getting out of the cycle because they are not getting a solid education early on. Going to college doesn't make a person intelligent if they are struggling with basic reading comprehension and other fundamentals that should have been learned early on.

Personally I think we should be pouring money into our elementary schools. Parents have largely taken a hands off approach in education and expecting the state to take care of the rest. Thats hard to do when we are not employing good teachers and sticking them with 20-30 kids at a time. Class size should be much much smaller.

If high school graduates can make better adults choices, they wont get caught up in bull **** over priced or inadequate degrees.

 

Its difficult to break that cycle with a model in which the school district is primarily funded from property taxes. Hiring better teachers, lowering student to teacher ratio, good infrastructure, and other similar improvements, require significant funding. Schools in low income neighborhood will never get significantly better unless there are additional funding sources made available to them.