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> Redfin, the Seattle-based home buying site/app, has been beating this drum for years, recently stating that we will see “mass migration” from the Bay Area ba
by arbuge 8y ago
> Redfin, the Seattle-based home buying site/app, has been beating this drum for years, recently stating that we will see “mass migration” from the Bay Area based on housing. The CEO writes “Silicon Valley is going to leave Silicon Valley… the technology companies… they’re chasing talent, and talent is chasing affordable housing.” Redfin specifically identifies Denver, San Antonio, and Houston as the next hubs newer generations will seek out.
Rather odd choice of Texas cities in my opinion. If you're going to go with Texas, I'd think Dallas and Austin are more obvious choices for technical people.
- toomuchtodo 8y agoSan Antonio is a bit more conservative than Austin, but much cheaper and still very nice. My financial services firm is slowly moving everyone from NYC to Texas and Florida, for obvious reasons.
- twblalock 8y agoAre people quitting because they don’t want to move?
- toomuchtodo 8y agoNot to my knowledge. To be more specific, roles are being moved, not people. New roles only in target market, old roles slowly attritioned out as people leave or retire. No one has been forced to move yet. That day may come, but it’s a long ways off.
- crack-the-code 8y agoI don't think the price differential between San Antonio and Austin housing is high enough to offset the level of talent and appeal that Austin (or even Dallas for that matter) currently provides for the tech scene.
- deleted 8y ago[deleted]
- toomuchtodo 8y agoNot everyone in tech wants to live in Austin.
- anothergoogler 8y agoIn software, isn't San Antonio pretty much a company town (Rackspace)?
- ci5er 8y agoDepends on your vertical. There are a number of O&G related startups. And (oddly) San Antonio rates just behind San Diego and Boston for Medical Device innovation (not software, but still, big tech business)
- lgregg 8y ago> Rather odd choice of Texas cities in my opinion. If you're going to go with Texas, I'd think Dallas and Austin are more obvious choices for technical people. Why? Dallas is too expensive, and imho the only good thing about Dallas is the Stars and Mark Cuban. Austin is good but also small and saturated but also Austin is 2.5 hours away from Houston and 1 hour from San Antonio, so it's not hard to poach talent if needed. San Antonio has a similar military–industrial complex to SV with it being a major area for bases for the Air Force. It also has the infrastructure scaffold from when ATT was headquartered there. They've got 5-6 F500s headquartered there. So, there's plenty of engineering talent for all types. Houston is #2 in the USA for F500 HQs following NYC with 19 based here. [0] Houston is massive, 11k sq miles for the metro area. There is plenty of space and Cost of Living is low. You have a major DOD/NASA source of engineering talent plus all the F500s. You've also got massive medial research with the largest medical center in the world while UTMB-Galveston runs one of the most important labs in the country for biocon. It's a major shipping port(s) and the port of Houston is #2 in trade. However, I will yield that the traffic sucks and parts are worst than LA; It's very hot during the summers, particularly August; and, that hurricanes suck. We also don't have earthquakes. Overall with Texas is you've got the Texas Triangle, it's also a safe bet infrastructure wise because the state has it's own power grid. There's tons of link points for data/bandwith. [0] https://en.wikipedia.org/wiki/List_of_companies_in_Houston https://en.wikipedia.org/wiki/List_of_companies_in_Houston