3 ms·

Miami Seduced Silicon Valley

• rsj_hn 5y ago
  Huge numbers of tech people are fleeing California and NY and going to Utah, Arizona, Florida, and Texas. And the reason is not because of whatever government initiatives are being done now but because of much cheaper housing and a substantially higher quality of life in terms of bang for the buck. I'm a frequent visitor to Miami and absolutely love the warm waters, laid back people, and remarkably affordable housing. Every time I go to Miami I see cranes in the sky. They are constantly building and going vertical. Once you have a critical mass of skilled people, that becomes an attractive location for companies to establish offices. Don't get me wrong, government regulation makes a difference, but it's not stupid culture war stuff, it's housing, taxation of housing, and zoning laws that are the key difference maker.
  • arthurcolle 5y ago
    No state income tax is pretty awesome too.
    • rsj_hn 5y ago
      Good point, but AZ has an income tax and so does Utah. Besides, no income tax and you pay more in property taxes so it's more about the spending per capita rather than the source of income when it comes to estimating the tax burden. I do have to say that higher property taxes reduce bubbles, though, so there is that.
      • arthurcolle 5y ago
        Yeah I'm moving to Miami next week from a DC suburb and the no state income tax is not even a secondary or tertiary reason behind the decision. Reasonable crypto-asset support from the local government, the sun + plenty of fun things to do are primary drivers. The extra 400 bucks a pay period (maybe its per month, can't recall right now) is just an additional plus. I don't plan on owning real estate over the next year or two, going to rent and enjoy the sun. Really loving that I work at a company with progressive remote work policies.