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Alternatively, the influx of tech money greatly increases the cost of property in Texas. In turn, senior residents start to no longer be able to afford to keep
by lavishlatern 6y ago
Alternatively, the influx of tech money greatly increases the cost of property in Texas. In turn, senior residents start to no longer be able to afford to keep up their property taxes. Eventually a proposition appears on the ballot to limit the growth of property taxes...
- chrisco255 6y agoThere's a lot of land in Texas, and they're not opposed to building high rises.
- MAGZine 6y agoCitation needed? In my experience, SFHowners who live in a primarily residential neighborhood generally don't want condos if they live in Texas or Maine or California.
- wahern 6y agoWhile Houston doesn't have zoning use restrictions, apparently many neighborhoods have private land covenants that restrict redevelopment: https://kinder.rice.edu/urbanedge/2020/01/09/no-zoning-in-Houston-there-are-workarounds https://kinder.rice.edu/urbanedge/2020/01/09/no-zoning-in-Ho... So in practice large projects usually will only occur in less wealthy neighborhoods where residents aren't savvy enough to enforce restrictions, and patterns of development end up looking pretty much like most of California. I'm sure it's still much cheaper to build in Texas, though, because the real costs in California aren't the restrictions, per se, but the uncertainty and time delays. Time is the real budget killer, and a silent one that helps to hide the externalities that policies create.
- octoberfranklin 6y ago> > There's a lot of land in Texas > Citation needed? Somebody buy this guy a map.
- MAGZine 6y agoCalifornia has a lot of land, too, and more habitable then texas imo. People don't want sprawl. The live in sf because it's a city with an urban center. It's why, despite hours of traffic, people live in sf instead of mountain view, cupertino, etc. It REQUIRES densification. Sprawl will not meet this demand.
- Finnucane 6y agoAlso, not opposed to building explody chemical plants near residential areas. But I suppose the Oracle folks moving in have enough money to avoid that.
- alisonkisk 6y agoThe name "Silicon Valley" refers to the fact that the whole region is perforated with Superfund sites. https://en.m.wikipedia.org/wiki/Superfund https://en.m.wikipedia.org/wiki/Superfund
- ak217 6y agoThat's not what the name refers to.
- octoberfranklin 6y agoyeah because you know silicon is so very toxic
- bronson 6y agoThe semiconductor industry, which is where the name came from, sure was. Scroll to Santa Clara: https://en.wikipedia.org/wiki/List_of_Superfund_sites_in_California https://en.wikipedia.org/wiki/List_of_Superfund_sites_in_Cal...
- delaynomore 6y agoYou are still limited by commute time. Urban sprawl can be costly to the local government, and ultimately the tax payers.
- BurningFrog 6y agoI'm Texas, increased demand for housing results in production of more housing. This keeps prices reasonable, and gives people somewhere to live.