Texas is the new California, but it won't last
TEXAS IS THE NEW CALIFORNIA, BUT IT WON'T LAST
June 1st, 2016 BY JOHNNY SANPHILLIPPO Read More: http://www.strongtowns.org/journal/2...t-it-wont-last Quote:
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That article was in 2016. There is a lot of flaws in the simplistic argument since the two states are very different, and always have been. Regulation and taxes are not nearly as big of problem as lack of developable land, using the old, outdated post-WII models of economic expansion, has caused the cost of housing and business to increase exorbitantly. Even still, it is the positive economic growth that is exacerbating the problem. If California were to loosen regulation and lower taxes and allowed its remaining open lands to be developed it would only be a matter of time before we are back to same predicament. The problem will only be solved by rethinking (abandoning) the economic model which led us to where were are today. California is just beginning to do this. In some ways, California will have an advantage over Texas. Because it is more constrained by geography, California will be forced to do things differently.
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Ha! A lot has changed since 2016!
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it is the new california but without the red tape. i think it will continue to thrive the more companies move there.
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https://www.twc.texas.gov/news/texas...ed%20in%202022. |
As long as it doesn't turn blue, it'll last.
"Texas is a generation behind the curve" - lol |
Purple?
Texas is already on the verge of going blue, are you kidding me? Ted Cruz beat Beto O'Rourke only by a hairsbreadth in the race for his own senate seat.
Hell......Ryentwo this has been going on for as long as i have been alive- The Texas transplant. I would not bet against the "Texas miracle". Whenever the American economy crashes; the displaced- "head for Texas", where opportunity always abounds. I remember the recession in the eighties, during this time Texas was suffering badly. Office space over build of millions of square feet, oil prices dropped from $32.00 to sixteen dollars per bbl. Real estate values dropped steeply and still the yankees came to Texas because things were far, far worse in Detroit and the northeast. The Japanese were building far better cars for a cheaper price , Detroit went into an economic tailspin. This is about the time that Chrysler went bankrupt. Lots of displaced workers- all the way down the supply chains, also. Came to Texas. Yes, Texas is a generation behind the curve, you are right. Socially backwards. A backwater place without culture. Yes, I am from Texas. Totally. Quote:
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