Comment by primrose | Hacker News Reader

Comment by primrose | Hacker News Reader

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> 30 years and the numbers have not significantly changed.

"How did you lose all the money?" "Slow at first, then very quickly."

> Companies based here are some of the most profitable in the world.

Cat's out of the bag. Most of the tools needed to form companies that are ridiculously profitable are online for anyone in the world to use (AWS). If they're not, the cloud providers are working tirelessly to put them there.

California was the hotbed of innovation due to concentrations of learning from higher institutions in tech. That's all distributed now.

> If as many people wanted to live in California as want to live in Texas, it would be cheaper to live here too.

Don't underestimate the crippling effects of powerful NIMBY's, over burdensome regulations and the CCC to dramatically increase cost. http://coyoteblog.com/coyote_blog/2013/03/another-california...

Also, Texas' population is increasing faster than California. https://www.forbes.com/sites/chuckdevore/2018/05/22/texas-la...

2045 is when California loses it's title: https://www.nextbigfuture.com/2018/07/texas-could-have-a-hig...

> the average California household also makes more

And get less: https://taxfoundation.org/real-value-100-each-state-2016

Which is why you now see a huge migration of middle class leaving.

It’s nice that you’re so invested in your fever dream of CA’s downfall. I hope where ever it is you live turns out nice for you. As long as we don’t descend to full on fascism next year I think I’ll buy a house here. I like California. I stay here because of it. Maybe if enough people who think that Texas is a good idea leave people then who want to be in California can replace them and we can build more housing stock together! :)

FWIW, I’m pretty much entirely for bulldozing local zoning law and control over a lot of housing and have been delighted by our recent progress there and often vote accordingly. I think this is our major issue, not asking people and companies to pay for advancing our communities.

I live in LA. No investment, it's baked into the numbers.

> As long as we don’t descend to full on fascism next year I think I’ll buy a house here.

I would not recommend buying a house for the next couple years at least. Prices are about to crash everywhere.

> I like California. I stay here because of it.

More power to you.

> Maybe if enough people who think that Texas is a good idea leave people then who want to be in California can replace them and we can build more housing stock together!

Seems the opposite is happening. Texas has very lax building regulations. Part of this is due to not being on a fault line but most of this is just bureaucrats justifying their jobs and costing everyone money.

> I think this is our major issue, not asking people and companies to pay for advancing our communities.

Seems like it's had the opposite effect. Some of the highest taxes in the nation with the worst results.

Good luck with your housing purchase. I wish you the best.

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