Austin's Reign as a Tech Hub Might Be Coming to an End

9,473 Views | 98 Replies | Last: 7 mo ago by American Hardwood
ts5641
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You want to move to California? Good luck with all that!
ts5641
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Sq 17 said:

Texas in August is no joke
I can easily imagine thetransplants going "Hell no"
If you ain't from here no way you'd be ok with the level of suffering in July & August
I love Texas! But the weather is extreme almost all year. People expecting California weather will be sorely disappointed.
dmart90
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Spotted Ag said:

e=mc2 said:

My SIL is moving to Greece because she says Austin is becoming too conservative. I was taken aback by that statement.
Your SIL sound like a complete and total dumbass that is a stain on the human race.

Wow
TRD-Ferguson
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Yet, they still wear black pajamas.
dmart90
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American Hardwood said:

I blame lunatic leftist city government and bad traffic.

Are you saying the people that are moving here find Austin too liberal? I didn't believe that for a second.
JW
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City is too liberal for conservatives. State is too conservative for liberals. Cost of living isn't low enough now to make those more tolerable.
Buford T. Justice
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The Austin that I grew up visiting, and enjoyed, died around '97. Tech can go anywhere it wants, so why would you go to 100 degree heat and insane traffic?
American Hardwood
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Not what I'm saying at all. It isn't the liberal culture, it's that the leftist government makes doing business in the area difficult. They are a bunch of mini-tyrants.
The best way to keep evil men from wielding great power is to not create great power in the first place.
whytho987654
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WestTexAg12 said:

whytho987654 said:

infinity ag said:

whytho987654 said:

My prediction, we see the tech bubble burst soon. So much has been poured into AI, with little financial returns. The things it has tangibly provided is massive debt to investors, and used up lots of resources and electricity. On top of smug tech workers looking at every hard-working engineer, doctor, nurse, lawyer, finance professional, skilled labor and telling them they'll replace you as they work 20 hrs a week and work fully remotely

I think so too, and I am in tech.
Too much hype, too much AI this AI that. Every company that has something to do is touting AI to be the be all and end all.

Then come the annoying Linkedin AI "influencers" who say nothing with a lot of words. Like
:
Quote:

AI won't take away your job, but someone who knows AI will

Nonsense.
The AI use cases are there but not enough TO MONETIZE. You and I asking ChatGPT for a recipe does not make anyone any MONEY.

I am sure some good use cases will emerge that are lasting, but it won't be as spectacular as the hype.


I know a doc who "developed" and AI that would "revolutionize the EMR for efficiency and help diagnose quicker" or some bs like that. All it did in the real world when applied was find some grammatical errors (which it wasn't even good at that) like Grammarly already does (Grammarly is the best "AI" in use IMO), he sold it for millions to some VCs who bought into it, laughed to the bank. AI is very nice for providing a summarization of things in seconds that would take me 20-30 min of searching on google though

I'm trying to work with some hospitals who are looking to incorporate some form of AI in a similar fashion. In this case, they want to use the AI to filter through the EMR and quickly determine patients that are at higher risk for certain things which would lead to more screenings. I.E.smoker, certain CT nodules, other risk factors that may be included in clinic dictations, which would lead to getting the patient to a lung screening quicker.
Its hard to do because EMRs are clunky. They're almost all god awful, add in hippa compliance. And tbh its a waste of money, there's already guidelines that we follow, everyone who is a smoker or smoked in the past ten years as of age 55 gets a low dose CT. Why do we need to pour millions into an AI to tell a pt who smokes they need a screening low dose CT at the age of 55? A high schooler can do that. Finding nodules on a CT is another issue. Is it a nodule, calcification, congenital abnormality, abnormal vasculature, or benign variant of lung parenchyma?
Deerdude
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If the hot summers are running them off, hurry up with that climate change
Signel
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There is literally no way we are dropping in tech talent in DFW... The number of people that are still moving here is insane. The cost of homes has gone up 2 to 3 times what they were before the pandemic as well.

I am sure that this is a split between prices equalizing by dropping in the bay area, as well as some of the companies deciding it is an even trade.

In the end, the vast number here means we won't have a shortage.
RAB87
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e=mc2 said:

My SIL is moving to Greece because she says Austin is becoming too conservative. I was taken aback by that statement.
My sister did the same, but to Denver and then France, with money she did not earn. And yes, she is divorced, lives with a cat, and drives a Subaru. Who knew France and Greece would accept the worst of American society?
Silent For Too Long
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AgGrad99 said:


That article is a bit silly.

A whole 1.6% decline?

There are cuts happening in high tech all over the country. 1.6% sounds like it's fairing pretty well.

'Outdated infrastructure/traffic'. This is compared to places like LA and Silicon Valley?

But I agree with everyone else. Dont let the door hit ya where the Good Lord split ya....We'll pay for your ticket. Just get out.


This.

The article is completely full of *****
Burdizzo
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RAB87 said:

e=mc2 said:

My SIL is moving to Greece because she says Austin is becoming too conservative. I was taken aback by that statement.
My sister did the same, but to Denver and then France, with money she did not earn. And yes, she is divorced, lives with a cat, and drives a Subaru. Who knew France and Greece would accept the worst of American society?



Again with the cat thing.

I betcha the Egyptian civilization also declined because of their fascination with cats.
samurai_science
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Deerdude said:

If the hot summers are running them off, hurry up with that climate change
Last year was mild for a summer here, they are just weak.
Butcher of Bakersfield
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Loquacious Lunchbox said:

That would be nice. Austin was way better before it became Silicon Valley East.
This, it got WAY too fruity. Everything that made Austin special pretty much died over the last decade and a half.

Good riddance. I'd rather be a less prosperous state if it means pretentious pansy ass scooter riding liberals are fleeing my state.

Austin has way too many people. We used to love it there. Our last staycation a couple of years ago was miserable.
samurai_science
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Butcher of Bakersfield said:

Loquacious Lunchbox said:

That would be nice. Austin was way better before it became Silicon Valley East.
This, it got WAY too fruity. Everything that made Austin special pretty much died over the last decade and a half.

Good riddance. I'd rather be a less prosperous state if it means pretentious pansy ass scooter riding liberals are fleeing my state.

Austin has way too many people. We used to love it there. Our last staycation a couple of years ago was miserable.
1993 to 2005 for me was peak
Captain Pablo
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The factors I've seen most cited are

Climate. Californians have been in hot weather before, but then are NOT ready for Central Texas summers, which of course can last 5-6 months

Property taxes

Electric bills

Politics - as stated above, state and local
Butcher of Bakersfield
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Quote:

I don't live in the Silicon Valley, but the moment my younger one goes to college, I sell my sheet in my midwestern town and move to the Bay Area.

Congrats on being loaded, every other post seems to be about how well off you are lately lol. I'm guessing you came from humble beginnings or a different culture and your parents just never taught you better. Indian right?

You're still a solid poster overall though. But have fun paying $3.4MM for a basic 2,400 SF house that is completely outdated inside.





$3,398,888

342 Carolina Ln, Palo Alto, CA 94306

Even if I was made of money like you, there's no way I could live up there. If I had your millions and millions, it would go much further in SoCal...where it's more pleasant in general and the people are much nicer. But I am not your financial advisor or travel agent . Just trying to help a fellow Ag who is obviously loaded. I do take tips tho.
infinity ag
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ts5641 said:

You want to move to California? Good luck with all that!

Yes. That is where the jobs in my area are.
infinity ag
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whytho987654 said:

infinity ag said:

whytho987654 said:

infinity ag said:

whytho987654 said:

My prediction, we see the tech bubble burst soon. So much has been poured into AI, with little financial returns. The things it has tangibly provided is massive debt to investors, and used up lots of resources and electricity. On top of smug tech workers looking at every hard-working engineer, doctor, nurse, lawyer, finance professional, skilled labor and telling them they'll replace you as they work 20 hrs a week and work fully remotely

I think so too, and I am in tech.
Too much hype, too much AI this AI that. Every company that has something to do is touting AI to be the be all and end all.

Then come the annoying Linkedin AI "influencers" who say nothing with a lot of words. Like
:
Quote:

AI won't take away your job, but someone who knows AI will

Nonsense.
The AI use cases are there but not enough TO MONETIZE. You and I asking ChatGPT for a recipe does not make anyone any MONEY.

I am sure some good use cases will emerge that are lasting, but it won't be as spectacular as the hype.


I know a doc who "developed" and AI that would "revolutionize the EMR for efficiency and help diagnose quicker" or some bs like that. All it did in the real world when applied was find some grammatical errors (which it wasn't even good at that) like Grammarly already does (Grammarly is the best "AI" in use IMO), he sold it for millions to some VCs who bought into it, laughed to the bank. AI is very nice for providing a summarization of things in seconds that would take me 20-30 min of searching on google though

People are pimping the idea that all you got to do is get a "killer idea" and get a subscription "to an AI" and tell it what you want and it will generate all the code, and voila you have a company with a working product making money for you and an employee count of just ONE.

Example: Kalanick just had to get the idea for Uber, and buy a subscription to Grok or whatever and tell it "Generate the code for a product called Uber that does so and so....". Boom. All code generated, code deployed, bugs and new features taken care of by AI.
All Kalanick does is watch $$$ roll in.

Oh, how I wish it were true.
And when their product under delivers/miserably fails "But it'll get there someday!" (to keep money pouring in), maybe. But that someday will be likely well after we are all gone. Notice how hositle and aggressive they get to people who question their thoughts, that's the most telling of their true beliefs of their product

It's like a cult or a religion. Islamics are that way. Their cult has failed, but if you point it out, they say "we need to pray harder, we have moved away from Islam". Same thing here.

I have a software engineering background. I don't program now as a career but I am still in tech and I program for personal projects. I invest a lot and have my own complicated spreadsheets in Google Sheets. I started using ChatGPT to help me with spreadsheet formulas. They are creative and impressive and work very well. But if something breaks externally or if I want to make a change on my end, I am screwed. I don't understand the formula any longer so I am all at sea. Even ChatGPT which wrote it initially has no memory of it and goes "wtf is this?"

Fun times ahead. The AI pimps are just pumping up the stock to sell before the hype crashes.
infinity ag
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aggie93 said:

I think this is more about a stronger concentration of VC money in the Bay Area than anything negative on Austin. Austin is still one of the top destinations for the next tier. I'd rate the tech areas as Bay Area #1 by a bunch, Seattle #2, NY/Boston 3/4, then Austin is probably rounding out the Top 5. RTP (Raleigh/Durham/Chapel Hill) Area is probably next up. Pound for pound though Austin and RTP still hit well above their weight class. I could probably make a decent argument that Austin is above Boston/NYC depending on the industry.

Salaries in the Bay are just stupid though (as is cost of living) for the right tech. $500k as a package isn't even that senior and I see more and more $1 million plus. The key is those tech companies can feed off each other so well because the investors are all tied together, it's such an advantage. Asians also DGAF about cost of living nearly to the extent everyone else does, just a different mindset and they dominate the tech world.

Last year I got an offer from Walmart for Product Management in Sunnyvale. $185k base. Seemed low to me. Midwest gives that much for my seniority. They had some stock and this and that. I would have taken it If I didn't have a kid in late high school here.
infinity ag
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Butcher of Bakersfield said:


Quote:

I don't live in the Silicon Valley, but the moment my younger one goes to college, I sell my sheet in my midwestern town and move to the Bay Area.

Congrats on being loaded, every other post seems to be about how well off you are lately lol. I'm guessing you came from humble beginnings or a different culture and your parents just never taught you better. Indian right?

You're still a solid poster overall though. But have fun paying $3.4MM for a basic 2,400 SF house that is completely outdated inside.





$3,398,888

342 Carolina Ln, Palo Alto, CA 94306

Even if I was made of money like you, there's no way I could live up there. If I had your millions and millions, it would go much further in SoCal...where it's more pleasant in general and the people are much nicer. But I am not your financial advisor or travel agent . Just trying to help a fellow Ag who is obviously loaded. I do take tips tho.

I am not here to boast as I find boastful people annoying and don't want to be one myself. But I answer honestly when someone asks me a question and try to help. My budget is $3M for a Bay house. I don't think I can go beyond that. I already have a "House Fund" set up in my Schwab account (taxable) which I plan on tapping into. The recent market swoons put a dent into it but it is coming back.

But remember life is not just winning. You win some you lose some. I have done well in my investing. I have underachieved in my career. Seems weird? Yes, I am perplexed too. I am intelligent, have 3 useful degrees, have relevant experience, have no issues about getting hands dirty. I recognize now (late) that you need to be in the right location. I am not and have never been. I was stupid to not know that earlier. So I want to fix it so I work in a better location for the next 10 years and retire. I need to be in the Bay Area or Seattle.

God takes away one thing, but He gives you something else.
My health is still very good so that is the biggest wealth as we get older.

Thanks for reading my posts. I don't like the group-think that happens on TA and my ideas might seem far out there, but that is how new ideas and innovations develop. Some of my ideas/views are incorrect and I change them as I learn more.

BTW, you are showing me Palo Alto which is insane. San Jose, Campbell, Fremont areas are more affordable and you get nice houses. I like this one.

5451 Ligurian Dr, San Jose, CA 95138

Quote:

$2,650,000
5 Beds 3 Baths 3,112 Sq. Ft.
5451 Ligurian Dr, San Jose, CA 95138
6,615 sq ft lot $205 HOA 3 garage spots

aggie93
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infinity ag said:

aggie93 said:

I think this is more about a stronger concentration of VC money in the Bay Area than anything negative on Austin. Austin is still one of the top destinations for the next tier. I'd rate the tech areas as Bay Area #1 by a bunch, Seattle #2, NY/Boston 3/4, then Austin is probably rounding out the Top 5. RTP (Raleigh/Durham/Chapel Hill) Area is probably next up. Pound for pound though Austin and RTP still hit well above their weight class. I could probably make a decent argument that Austin is above Boston/NYC depending on the industry.

Salaries in the Bay are just stupid though (as is cost of living) for the right tech. $500k as a package isn't even that senior and I see more and more $1 million plus. The key is those tech companies can feed off each other so well because the investors are all tied together, it's such an advantage. Asians also DGAF about cost of living nearly to the extent everyone else does, just a different mindset and they dominate the tech world.

Last year I got an offer from Walmart for Product Management in Sunnyvale. $185k base. Seemed low to me. Midwest gives that much for my seniority. They had some stock and this and that. I would have taken it If I didn't have a kid in late high school here.
Unfortunately $185k in Sunnyvale won't take you very far. You will get the choice of being in a tiny rat trap nearby or driving for an hour plus for a not much nicer place and paying $5.50/gallon for gas. Really tough to live an upper middle class lifestyle out there without a lot of sacrifices. It's an area for the single types that want to work all the time and the uber rich.
"The most terrifying words in the English language are: I'm from the government and I'm here to help."

Ronald Reagan
Butcher of Bakersfield
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samurai_science said:

Butcher of Bakersfield said:

Loquacious Lunchbox said:

That would be nice. Austin was way better before it became Silicon Valley East.
This, it got WAY too fruity. Everything that made Austin special pretty much died over the last decade and a half.

Good riddance. I'd rather be a less prosperous state if it means pretentious pansy ass scooter riding liberals are fleeing my state.

Austin has way too many people. We used to love it there. Our last staycation a couple of years ago was miserable.
1993 to 2005 for me was peak
No doubt.

Wish I could have experienced the 70's and 80's though.
Deerdude
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Butcher of Bakersfield said:

samurai_science said:

Butcher of Bakersfield said:

Loquacious Lunchbox said:

That would be nice. Austin was way better before it became Silicon Valley East.
This, it got WAY too fruity. Everything that made Austin special pretty much died over the last decade and a half.

Good riddance. I'd rather be a less prosperous state if it means pretentious pansy ass scooter riding liberals are fleeing my state.

Austin has way too many people. We used to love it there. Our last staycation a couple of years ago was miserable.
1993 to 2005 for me was peak
No doubt.

Wish I could have experienced the 70's and 80's though.


You missed a lot. Hate to even go there now.
dmart90
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American Hardwood said:

Not what I'm saying at all. It isn't the liberal culture, it's that the leftist government makes doing business in the area difficult. They are a bunch of mini-tyrants.
Got it - agreed!
Deerdude
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But if they want to distract the minions, just put up any word, doesn't matter which, and follow it up with "fest". They on it.
American Hardwood
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I have a BIL that is a realtor in San Jose. Just sayin'.....
The best way to keep evil men from wielding great power is to not create great power in the first place.
 
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