4 ms·

I am curious to know, what would be the various advantages of living in TN vs CA that you speak of? Have you lived in both these states for substantial periods?

pchristensen 2y ago
Some unambiguous ones: cost of living, ability to buy a house (maybe less of an issue for executives), lower taxes (much bigger issue for executives). Others that vary by person: political conservatism, smaller city, closer to everything besides the West Coast.
ergonaught 2y ago
TN does not have a state income tax, and no longer taxes interest/dividend income either. Cost of housing is about an order of magnitude lower. Property taxes are lower. For the most part a radically lower population density. If you cross the Atlantic a lot, you don't have to spend 6 hours crossing North America first. If you're inspired to make The Handmaid's Tale a reality, don't like a whole lot of racial diversity, and love you some guns, TN and a majority of its population are friendlier to you.
- rayiner 2y ago
  In practice the south is more "racially diverse" than the Bay Area, because minorities can actually afford to live near white people. Coming from Atlanta it was shocking to me how homogenous the Bay Area was.
  - IncreasePosts 2y ago
    55% of the Bay area is Hispanic, Asian, or Pacific Islander. The major point how they differ is that the south has far more black people and fewer hispanics and Asians, vs the bay area having far more hispanics and Asians and far fewer blacks.
    - rayiner 2y ago
      But in say Palo Alto, you’ll rarely see black or Hispanic people outside service roles. It’s 85% non-Hispanic white or Asian, which is about as diverse as Wyoming. The south is economically flatter, which means people mix more. Also, because of its affordability, the south is the major destination for upwardly mobile black and Hispanic people.
- billh 2y ago
  > If you cross the Atlantic a lot, you don't have to spend 6 hours crossing North America first. Unfortunately Nashville International Airport doesn't have very many non-stop transatlantic flights so the geographic proximity savings is often eaten up by time spent connecting.
- gamblor956 2y ago
  Wile Tennessee does not have a corporate income tax, it does have "business taxes" that are the same thing. And they also let counties and cities impose their own "business taxes" on companies. And these combined business taxes end up being more costly and time-consuming to businesses than a single state income tax return would have been. Property taxes are lower. TN has an average property tax rate of 0.9x%. Los Angeles County has an average property tax rate of 0.5x% (i.e., nearly half). Property taxes in LA are only higher on an absolute basis because the property subject to tax is worth more.
throwaway4220 2y ago
Actually Nashville’s real estate market is very expensive. Belle Meade a Nashville suburb has the honor of being the richest town in America
- tsunamifury 2y ago
  These rankings are entirely false. There is no richest town in America as a single individual moving anywhere could make it that overnight. Also just prima facia there is no way belle mead is as rich as billionaires row Manhattan, Pacific Heights in SF or Bel Air in LA. Let alone the Hamptons/Jackson Hole zones.
- dgfitz 2y ago
  That must depend on the definition of “richest town” because my quick search of that term disagrees.
- jayp 2y ago
  Honestly this is hard to believe. Many uber wealthy suburbs attached to NYC, LA, and SF. Probably many other large cities too. By what metric is this city the richest?

pchristensen 2y ago

Some unambiguous ones: cost of living, ability to buy a house (maybe less of an issue for executives), lower taxes (much bigger issue for executives). Others that vary by person: political conservatism, smaller city, closer to everything besides the West Coast.

ergonaught 2y ago

TN does not have a state income tax, and no longer taxes interest/dividend income either. Cost of housing is about an order of magnitude lower. Property taxes are lower. For the most part a radically lower population density. If you cross the Atlantic a lot, you don't have to spend 6 hours crossing North America first. If you're inspired to make The Handmaid's Tale a reality, don't like a whole lot of racial diversity, and love you some guns, TN and a majority of its population are friendlier to you.

rayiner 2y ago
In practice the south is more "racially diverse" than the Bay Area, because minorities can actually afford to live near white people. Coming from Atlanta it was shocking to me how homogenous the Bay Area was.
- IncreasePosts 2y ago
  55% of the Bay area is Hispanic, Asian, or Pacific Islander. The major point how they differ is that the south has far more black people and fewer hispanics and Asians, vs the bay area having far more hispanics and Asians and far fewer blacks.
  - rayiner 2y ago
    But in say Palo Alto, you’ll rarely see black or Hispanic people outside service roles. It’s 85% non-Hispanic white or Asian, which is about as diverse as Wyoming. The south is economically flatter, which means people mix more. Also, because of its affordability, the south is the major destination for upwardly mobile black and Hispanic people.
billh 2y ago
> If you cross the Atlantic a lot, you don't have to spend 6 hours crossing North America first. Unfortunately Nashville International Airport doesn't have very many non-stop transatlantic flights so the geographic proximity savings is often eaten up by time spent connecting.
gamblor956 2y ago
Wile Tennessee does not have a corporate income tax, it does have "business taxes" that are the same thing. And they also let counties and cities impose their own "business taxes" on companies. And these combined business taxes end up being more costly and time-consuming to businesses than a single state income tax return would have been. Property taxes are lower. TN has an average property tax rate of 0.9x%. Los Angeles County has an average property tax rate of 0.5x% (i.e., nearly half). Property taxes in LA are only higher on an absolute basis because the property subject to tax is worth more.

throwaway4220 2y ago

Actually Nashville’s real estate market is very expensive. Belle Meade a Nashville suburb has the honor of being the richest town in America

tsunamifury 2y ago
These rankings are entirely false. There is no richest town in America as a single individual moving anywhere could make it that overnight. Also just prima facia there is no way belle mead is as rich as billionaires row Manhattan, Pacific Heights in SF or Bel Air in LA. Let alone the Hamptons/Jackson Hole zones.
dgfitz 2y ago
That must depend on the definition of “richest town” because my quick search of that term disagrees.
jayp 2y ago
Honestly this is hard to believe. Many uber wealthy suburbs attached to NYC, LA, and SF. Probably many other large cities too. By what metric is this city the richest?