LA se Karachi
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I hope that you didn't take my previous post too seriously. It was somewhat in jest. Obviously, everyone has their own opinions. With that said....
You are absolutely right that Texas is cheaper than California. No one is doubting that. That's by far the biggest thing that it has going it its favor. Arguably the only major thing. It's all about supply and demand.
I really doubt that every city in urban Texas is like Beverly Hills. That's absurd. Maybe you should visit again. Also, there are many houses in urban California (LA, Bay Area, SD, Sacramento) that are quite large. Perhaps fewer per capita than urban Texas, but many are definitely there. You should visit the Inland Empire, parts of Orange County (especially the southern part), and the East & North Bay among many other areas. SD and Sacramento have many, many houses like this.
Agreed, and quality of life cannot be tied to the size of your house. Not everyone wants a gigantic house. You should get out more. "Chicken box"?! Outside of SF city and a few parts of West LA/Downtown, most people don't live in "chicken boxes". And people can create equity pretty quickly actually due to rising housing costs. Much faster than they can in Texas. You contradicted yourself.
Agreed. That's why California still has the largest population of any state in America (and it continues to grow at a healthy rate). People are indeed voting with their addresses. Send me a message when Texas' population surpasses California. And this is despite the fact that housing costs here are double or even more than in Texas. There are some things in life that you can't really put a price on.
You're post was kind of okay up until this point. Now you're just going off the rails, with all due respect. California has a very, very diverse economy, more so than Texas. The Silicon Valley only makes up a part of it. Texas is much more reliant on Agriculture/livestock and mineral/energy extraction (especially oil) than California. This is a breakdown of California's economy:
I don't know if Texas has more startups than California, though I'm pretty skeptical. But even if it somehow does, it will never catch up to California economically. At least not in my lifetime (or yours).
I have no earthly idea where you got the idea that New York has the largest economy (or will one day) among states in America. California has the largest economy among states, not New York, and it has for quite a while now. Texas is actually 2nd (behind California of course). And contrary to your belief, California's economy is actually growing faster than Texas'. Click the link:
http://www.huffingtonpost.com/entry/states-fastest-growing-economies_us_576449abe4b0853f8bf0ce6e
"The Texas economy grew by 3.8% in 2015, faster than any state other than Oregon and California. Texas has nearly one-third of the nation’s crude oil reserves, and its economy is heavily dependent on the price of oil. As oil prices have fallen in recent years, the economies of many of the most oil-dependent counties in the state also suffered."
"California’s $2.2 trillion GDP is the largest in the country. Its 4.1% economic expansion in 2015 was also the fastest in the U.S., tied only with Oregon. Growth was driven primarily by the professional and business services industry as well as the information industry, which grew by 7.0% and 10.3%, respectively."
So unfortunately for you, the gap is widening, not shrinking. We are the 6th largest economy in the world. In fact, we may soon surpass the UK for the 5th largest economy in the world:
http://247wallst.com/economy/2016/0...a-could-soon-be-worlds-fifth-largest-economy/
"It’s reasonable to expect that California’s GDP will be greater than the U.K.’s in less than a decade and perhaps less than half that time."
I hope that clears up your gross misconceptions about the economies of Texas and California.
Maybe you should do a little research on economics before commenting and making yourself look like a naive person in front of the readers?
The crap hole I used to own in San Fran and then in LA, worth $ 2 million, gave me a 6000 sqft home with a library and two pools, and half an acre worth of back yard with a 5 car Garage in Texas, in an area filled with the CEO's and CFO's of companies like Exxon, Fidelity, etc, etc.
You are absolutely right that Texas is cheaper than California. No one is doubting that. That's by far the biggest thing that it has going it its favor. Arguably the only major thing. It's all about supply and demand.
In California, the only comparable city is Beverly Hills. While every other big city in Texas is like this, infrastructure wise. You could land a helicopter in my back yard. While in California, even Ambulances can't get into people's chicken box homes on time .
I really doubt that every city in urban Texas is like Beverly Hills. That's absurd. Maybe you should visit again. Also, there are many houses in urban California (LA, Bay Area, SD, Sacramento) that are quite large. Perhaps fewer per capita than urban Texas, but many are definitely there. You should visit the Inland Empire, parts of Orange County (especially the southern part), and the East & North Bay among many other areas. SD and Sacramento have many, many houses like this.
Life is measured with the quality of living. Not due to the fact that one lives in an expensive chicken box, has little outside life due to mortgages being too high, and they pretty much box in for years to create equity or a better living standard.
Agreed, and quality of life cannot be tied to the size of your house. Not everyone wants a gigantic house. You should get out more. "Chicken box"?! Outside of SF city and a few parts of West LA/Downtown, most people don't live in "chicken boxes". And people can create equity pretty quickly actually due to rising housing costs. Much faster than they can in Texas. You contradicted yourself.
I also see cars with Cali and pretty much all other states in Texas in large numbers (North Texas has the highest migration in the country, top 3,4,6, and 10th cities to move to, are in Texas so people are moving to Texas for a reason in such large quantities). Btw, Sugar-land isn't real Texas as majority of Indian and Pakistanis live there. Its truly a lower class neighborhood of Houston!! Check out the other side of Houston starting from Kirby st up. Or Dallas, Ft. Worth area, etc, etc. Numbers of migrants and quality of life speak for itself.
Agreed. That's why California still has the largest population of any state in America (and it continues to grow at a healthy rate). People are indeed voting with their addresses. Send me a message when Texas' population surpasses California. And this is despite the fact that housing costs here are double or even more than in Texas. There are some things in life that you can't really put a price on.
You remove the Tech sector out of California and then you'll have Water Melons, Wheat and Rice to sell to others as that's what was originally big in Cali outside of the Hollywood. If you remove the tech sector, your real estate will drop by 60%. But these aren't the factors in Texas as their model post Oil based economy is everything. So Texas isn't solely depending on one or two things to stay up economy wise.
You're post was kind of okay up until this point. Now you're just going off the rails, with all due respect. California has a very, very diverse economy, more so than Texas. The Silicon Valley only makes up a part of it. Texas is much more reliant on Agriculture/livestock and mineral/energy extraction (especially oil) than California. This is a breakdown of California's economy:
It has the highest numbers of thriving businesses and most startups out of Austin (that's right, more compared to Cali). In the next 5-7 years, Texas will become the second largest state economy (after NY) and people, and quality of living wise.
I don't know if Texas has more startups than California, though I'm pretty skeptical. But even if it somehow does, it will never catch up to California economically. At least not in my lifetime (or yours).
I have no earthly idea where you got the idea that New York has the largest economy (or will one day) among states in America. California has the largest economy among states, not New York, and it has for quite a while now. Texas is actually 2nd (behind California of course). And contrary to your belief, California's economy is actually growing faster than Texas'. Click the link:
http://www.huffingtonpost.com/entry/states-fastest-growing-economies_us_576449abe4b0853f8bf0ce6e
"The Texas economy grew by 3.8% in 2015, faster than any state other than Oregon and California. Texas has nearly one-third of the nation’s crude oil reserves, and its economy is heavily dependent on the price of oil. As oil prices have fallen in recent years, the economies of many of the most oil-dependent counties in the state also suffered."
"California’s $2.2 trillion GDP is the largest in the country. Its 4.1% economic expansion in 2015 was also the fastest in the U.S., tied only with Oregon. Growth was driven primarily by the professional and business services industry as well as the information industry, which grew by 7.0% and 10.3%, respectively."
So unfortunately for you, the gap is widening, not shrinking. We are the 6th largest economy in the world. In fact, we may soon surpass the UK for the 5th largest economy in the world:
http://247wallst.com/economy/2016/0...a-could-soon-be-worlds-fifth-largest-economy/
"It’s reasonable to expect that California’s GDP will be greater than the U.K.’s in less than a decade and perhaps less than half that time."
I hope that clears up your gross misconceptions about the economies of Texas and California.
Maybe you should do a little research on economics before commenting and making yourself look like a naive person in front of the readers?