General Discussion
In reply to the discussion: Toyota moves from Ca to Tx: When are bluestates going to actively fight job poachers? [View all]Johonny
(26,389 posts)you wonder how many of these people are underwater in their house value. What an absolute nightmare for the area.
It is hard to imagine given prop 13 that their property taxes were all that much relative to what they'd pay for a new property in Texas. California generally grades out as a tax friendly place to be rich hence why the southbay around Toyota is filled with rich people. Unless Dallas gave them a sweetheart property tax deal then I bet they could end up paying MORE in property taxes than in Torrance. Usually when companies move like this all the "brain" trust that can afford to retire or find work elsewhere leaves. Now would be a good time not to invest in Toyota which is likely going to suffer a severe brain drain from gutting operations in three different states to chase the fantasy that is Texas gold.