THIS TWO-BEDROOM APARTMENT WILL COST YOU SIXTEEN HUNDRED DOLLARS A MONTH TEXAS IS THE FASTEST
GROWING STATE IN THE US AND LET ME JUST SAY THIS IS INSANELY SPACIOUS COMING FROM BIG CITIES I AM
NOT USED TO THIS AT ALL IN THE DFW AREA THERE ARE ABOUT 700 PEOPLE THAT MOVE THERE EVERY
DAY LIKE ALL OF TEXAS LOTS OF PEOPLE WANT TO BE CALIFORNIA'S POPULATION DECLINED FOR THREE YEARS
IN A ROW THIS PLACE IS BOOMING WE WERE TO STAY IN CALIFORNIA THERE'S JUST NO WAY WE COULD AFFORD A
HOUSE IT STARTS WITH YOUR HOME SAN FRANCISCO IS REALLY TOO EXPENSIVE THEY WERE JUST TOO MUCH BUT
IN PARTS OF TEXAS OUR AVERAGE HOUSE IS AROUND 250 ALL RIGHT AND THAT'S PROBABLY LIKE A THREE BEDROOM
TWO BATH WE MOVED HERE PROPERTY VALVES HERE WERE AROUND 300 000 TO 500 AND THREE YEARS AGO THE MOST
HIGH PROFILE BILLIONAIRE LEFT CALIFORNIA FOR HERE TEXAS ELON MUSK CAME TO TOWN HIS FOLKS HIS TEAM
ARE BRINGING ALL NEW ENERGY TO OUR COUNTY ELON MUSK DECIDED TO OPEN UP GIGAFACTORY HERE IN AUSTIN
SO I'M LIKE ALL RIGHT WELL THAT'S INTERESTING LET ME LOOK MORE INTO IT MUSK IS EXPANDING FAST
IN TEXAS AND NOW HE'S EVEN CREATING HIS VERY OWN TOWN OUTSIDE OF AUSTIN SO YOU HAVE THEM BUILDING
THE BORING COMPANY RIGHT THERE AND THEN JUST RIGHT NEXT DOOR YOU SEE LIKE IT'S ALMOST LIKE A MOVIE
SET BECAUSE IT'S LIKE RESIDENTIAL HOMES AND A SMALL LITTLE ROAD MANY MAJOR COMPANIES ARE MOVING
HERE TOO FROM ORACLE TO HP A LOT OF CALIFORNIANS HERE THIS IS MARIO HE TELLS ME THAT HE WENT
FROM A TWO-BEDROOM APARTMENT IN CALIFORNIA TO A FOUR-BEDROOM HOUSE IN TEXAS BUT THIS ISN'T JUST
ABOUT CHEAP REAL ESTATE TEXAS HAS NO STATE INCOME TAXES SO WE HAVE SEVERAL MAJOR ORGANIZATIONS THAT
HAVE BEEN MOVING IN RECENTLY SAMSUNG IS BUILDING A HUGE FACILITY ON THE NORTHERN PORTION OF OUR
COUNTY CALIFORNIANS EVERYWHERE WE LOVE THEM UH WE'RE GOOD FRIENDS WITH THEM MORE PEOPLE
MOVING TO TEXAS MEANS MORE PEOPLE ARE BUYING HOMES SPENDING MONEY EATING OUT AT RESTAURANTS BUT ARE
CALIFORNIANS GAIN CAUSING PAIN FOR MANY HERE IN TEXAS REAL ESTATE'S GONE THROUGH THE ROOF ALMOST
IMPOSSIBLE TO FIND SOMETHING REASONABLE MY ONE BEDROOM ONE BATH USED TO BE 975 AND I'LL PAY LIKE
A THOUSAND THREE HUNDRED WHEN YOU HEAR LIVE MUSIC CAPITAL I DON'T THINK IT'S THAT ANYMORE AS WELL
IT'S JUST REALLY EXPENSIVE FOR THE LOCAL ARTISTS TO BE ABLE TO STILL LIVE HERE IMAGINE YOUR FAMILY
HAS LIVED HERE FOR FIVE GENERATIONS YOU WANT TO MAKE AN OFFER ON A HOUSE THAT NOW YOU HAVE TO
COMPETE WITH A TECH WORKER FROM SILICON VALLEY VALLEY SAY ONE FRIEND DOWN AND SHE MAKES LIKE
TWICE AS MUCH YOU CAN QUICKLY SEE WHY NOT EVERYONE HERE IS HAPPY AND TEXAS HOME PRICES
HAVE SURGED 60 IN FIVE YEARS WE HAVEN'T REALLY CAUGHT UP WITH THE INFRASTRUCTURE TO SUPPORT
ALL THE NEW GROWTH AND IT'S BEEN HARD FOR GOVERNMENTS TO KEEP UP WE'RE EXPECTED TO
DOUBLE IN POPULATION WITHIN LIKE THE NEXT 10 15 YEARS SO WHY IS TEXAS THE FASTEST GROWING
STATE RIGHT NOW AND WHAT HAPPENS WHEN YOUR TOWN CITY AND STATE GROW FASTER THAN YOU CAN HANDLE
AUSTIN WAS NEVER BUILT TO BE WHERE IT'S AT RIGHT NOW WHICH IS WHY WE'RE SO CONGESTED WELCOME TO
AUSTIN TEXAS IT'S NOW ONE OF THE FASTEST GROWING CITIES IN THE U.S APPLE GOOGLE AND TESLA HAVE ALL
MOVED OR EXPANDED HERE RECENTLY MARIO WAS PLANNING TO SETTLE DOWN IN CALIFORNIA TO RAISE HIS KIDS
THERE BUT THEN THE PANDEMIC HAPPENED AND THEN CALIFORNIA WAS ONE OF THE STATES THAT HAD SOME OF
THE STRICTEST PANDEMIC RULES THEY CLOSED DOWN THE GYMS AUSTIN BECAME HUGELY ATTRACTIVE ESPECIALLY
DURING THE PANDEMIC APPLE IS NOW BUILDING A BILLION DOLLAR CAMPUS HERE IN AUSTIN I THINK
OVERALL CALIFORNIA IS STILL GOING TO BE A BIG HUB FOR TECHNOLOGY BUT IN THE NEXT FIVE OR TEN
YEARS I THINK TEXAS IS MESA PAST CALIFORNIA JUST BECAUSE OF THE TAX INCENTIVES BUT AUSTIN IS JUST
ONE PART OF TEXAS AND IF ANYTHING IT'S KIND OF A UNIQUE PART OF TEXAS I MEAN AUSTIN'S A LITTLE BIT
OF A WEAK SPOT IN THE REST OF THE STATE OF TEXAS SO TYPICALLY WHAT AUSTIN WANTS ISN'T NECESSARILY
WHAT THE REST OF THE STATE WANTS HERE'S THE THING THE BIGGEST FACTOR ATTRACTING PEOPLE TO TEXAS WELL
IS THAT IT'S A LOT CHEAPER THAN CALIFORNIA LOOK AT THIS GAS IS THREE DOLLARS SOMETHING I HAVEN'T
SEEN IN A LONG TIME JUST LOOK AT THIS WEBSITE WHICH TRACKS AVERAGE GAS PRICES IN TEXAS IT'S
THREE DOLLARS TWO CENTS A GALLON COMPARE THAT TO 4.84 CENTS IN CALIFORNIA THE AVERAGE HOME PRICE IN
TEXAS IS THREE HUNDRED FIFTEEN THOUSAND DOLLARS IN CALIFORNIA IT'S EIGHT HUNDRED SEVENTEEN THOUSAND
DOLLARS NEW HOUSE HAS FOUR BEDROOMS ONE OFFICE ONE GAME ROOM AND IT'S OPEN KITCHEN CONCEPT AND
IT HAS A BIG BACKYARD SO LIKE IT'S IMPOSSIBLE MAN YOU KNOW YOU GOT TO MAKE LIKE HALF A MILLION TO A
MILLION DOLLARS IN INCOME A YEAR THAT'S INSANE MAN THAT'S THE REASON WHY PEOPLE YOU KNOW DON'T
LIVE IN HOUSES OVER THERE THE DEMAND HAS SURGED AS TEXAS COUNTIES ARE STRUGGLING TO KEEP UP THE
AVERAGE ISSUING OVER LIKE 1100 1200 SINGLE FAMILY JUST BUILDING PERMITS EVERY YEAR RIGHT NOW EVEN
A MCDONALD'S BIG MAC COSTS YOU 4.39 IN TEXAS BUT FIVE DOLLARS ELEVEN CENTS IN CALIFORNIA
AND ASIDE FROM GAS HOMES AND BURGERS WELL THERE ARE TAXES CALIFORNIA HAS THE HIGH HIGHEST STATE
INCOME TAX IN THE COUNTRY WHILE TEXAS DOESN'T HAVE A STATE INCOME TAX WE HAVE LOW TAXES WE HAVE A LOT
OF SPACE FOR DEVELOPMENTS WE HAVE A LOT OF MAJOR SCHOOLS MAJOR COMPANIES SO THERE'S A LOT OF REASON
TO MOVE TO TEXAS ALTHOUGH TEXAS'S PROPERTY TAX IS ABOUT TWICE AS MUCH AS CALIFORNIA'S BUT REMEMBER
HOW MUCH CHEAPER HOMES ARE HERE IN TEXAS SO COST OF LIVING IS REALLY THE MAIN REASON THAT PEOPLE
AND COMPANIES ARE COMING TO ALL PARTS OF TEXAS WE HAVE ANOTHER MAJOR NEW HEADQUARTERS I CAN'T SAY
WHO IT IS JUST YET BUT IT'S UH IT'S ONE OF THE BIG BANGS SO THEY HAVE A NEW CAMPUS THAT'S GOING UP I
THINK ELON MUSK VISIONARY SO I THINK OF MAKING THE RIGHT MOVES MOVING A GIGAFACTOR HERE IN AUSTIN AND
AUSTIN TEXAS THE WORKFORCE IS HERE THE TALENT IS HERE THE GREAT LOCATION WHILE I'M IN TEXAS
I HEAR THAT ELON MUSK IS PLANNING TO CREATE HIS OWN TOWN A PLACE WHERE HIS EMPLOYEES CAN
LIVE SO I DRIVE 35 MINUTES OUTSIDE OF AUSTIN TO INVESTIGATE SO YOU HAVE THEM BUILDING THE BORING
COMPANY RIGHT THERE AND THEN JUST RIGHT NEXT DOOR YOU SEE LIKE IT'S ALMOST LIKE A MOVIE SET
BECAUSE IT'S LIKE RESIDENTIAL HOMES AND A SMALL LITTLE ROAD THIS IS THE LIVING COMMUNITY NEXT
TO BORING AND SPACEX ELON MUSK IS EVEN GIVING IT A NAME CALLED SNAIL BROOK SO RIGHT HERE IS
WHERE THEY'RE PLANNING MORE THAN A HUNDRED HOMES TO BUILD IT'S PRETTY INTERESTING BECAUSE YOU CAN
LITERALLY JUST WALK TO WORK I MEAN IT'S RIGHT NEXT DOOR A FEW MINUTES LATER I'M APPROACHED
BY SECURITY APPARENTLY I WAS ON PRIVATE PROPERTY BUT DIDN'T REALIZE THE NAME SNAILBROOK COMES FROM
THE BORING COMPANIES DIRECTIVE WHICH IS TO BUILD MACHINES THAT MOVE FASTER THAN A SNAIL A CORPORATE
LINGO INSIGHT JOKE NOW BECOMING THE NAME OF A TOWN IN TEXAS LATER I MEET THE COUNTY'S HEAD OF TOURISM
AND ECONOMIC DEVELOPMENT ELON MUSK CAME TO TOWN HIS FOLKS HIS TEAM ARE BRINGING ALL NEW ENERGY
TO OUR COUNTY SHE TELLS ME IT'S BEEN A CHALLENGE BALANCING SMALL TOWN VIBES WITH CALIFORNIANS BIG
TECH ENERGY WE'RE STILL PRIMARILY RURAL OUR THREE LITTLE TOWNS HAVE DOWNTOWN MAIN STREETS
WITH OLD BUILDINGS AND THEY'RE FULL OF MOM AND POP RESTAURANTS AND SHOPS BUT SHE'S HAPPY THAT
THE BILLIONAIRE CHOSE HER COUNTY TO MOVE HIS COMPANIES TO THE KIDS LEAVE RIGHT BECAUSE THEY
COULDN'T BE ENGINEERS IN BASTROP COUNTY AND WELL NOW THEY CAN GO OFF TO SCHOOL AND COME
BACK AND YOU KNOW BE WHATEVER THEY WANT TO BE AND APPARENTLY EVEN ELON MUSK HIMSELF WILL LIVE HERE
IN SNAIL BROOK SO IF CALIFORNIA REFUGEES ARE HAPPY AND LOCAL GOVERNMENTS AND COUNTIES ARE HAPPY IS
THIS A HAPPY STORY THERE'S A HOUSING SHORTAGE I THINK THERE'S A HOUSING SHORTAGE EVERYWHERE
THAT THERE'S GROWTH THIS GUY I MEET AT SOUTH BY SOUTHWEST TELLS ME POINT BLANK HE WANTS ELON MUSK
TO STOP BRINGING CALIFORNIANS TO TEXAS SO YOU SEE A LOT OF THE LOCAL STUFF CHANGING A LOT OF
THE LOCAL CHAINS NOT EVEN CHANGE JUST STORES THAT HAVE CLOSED UP THEY'RE NOT AROUND ANYMORE I THINK
THAT'S KIND OF A DISAPPOINTMENT AND TEXANS HAVE TO KEEP UP WITH THE RISING HOME AND RENT PRICES
YOU HEAR A LOT OF PEOPLE NOW HAVING MULTIPLE JOBS INSTEAD OF JUST ONE SO THAT'S BEEN LIKE
A HUGE SHIFT AND REMEMBER TECH JOBS CAN BE SOME OF THE MOST VOLATILE JOBS THERE ARE EVEN THOUGH
IT DOES HAVE THAT PERCEPTION THAT IT'S KIND OF ENDLESS JOBS ESPECIALLY IN TECH THAT THERE ARE
A LOT OF PEOPLE THAT YOU KNOW THEY THERE ARE A LOT OF LAYOFFS GOING ON RIGHT NOW AND NOW PEOPLE FROM
CITIES LIKE AUSTIN CAN NO LONGER AFFORD LIVING HERE A LOT OF COMING FROM AUSTIN LIKE PEOPLE ARE
GETTING PRICED OUT OF AUSTIN AND SO THEY'RE COMING TO SOME OF THE SMALLER COMMUNITIES ARTISTS FROM
AUSTIN ARE MOVING 30 MINUTES OUTSIDE OF AUSTIN TO HER COUNTY IT'S BEEN A LOT OF SINGLE ARTISTS OUR
AGE HAS GONE DOWN YOU KNOW OUR MEDIAN AGE AND I JUST KNOW WHAT I SEE ON THE STREET YOU KNOW
AND AND SO THAT'S KIND OF FUN TO HAVE NEW IDEAS COME INTO TOWN THE POPULATION OF TEXAS WILL ONE
DAY SURPASS CALIFORNIA'S POPULATION ACCORDING TO THE ECONOMIST THE GOVERNOR OF CALIFORNIA HAS
BEEN TAKING JABS AT TEXAS EVEN BUYING THIS AD IN NEWSPAPERS IN TEXAS AND SOME ARE CONCERNED THAT
CALIFORNIANS ARE MOVING TO TEXAS AND IMPORTING THEIR WEST COAST VALUES AND POLITICS INTO TEXAS
BUT TO ME THIS STORY IS A SIMPLE ONE IT IT'S A BASIC STORY ABOUT MONEY IT'S JUST BETTER QUALITY
OF LIFE MORE SPACE AND BECAUSE THERE'S NO STATE INCOME TAXES YOU COULD AFFORD MORE YOU KNOW WE
CAN BUY MORE FOOD WE COULD GO OUT TO EAT MORE YOU CONSIDER THE PROS AND CONS AND YOU SPEND
YOUR MONEY WHERE YOU FIND THE MOST VALUE WHICH IS REALLY ALL THAT'S HAPPENING HERE ONE OF THE
THINGS WE'RE EXCITED ABOUT IS A LOT OF TIMES OUR KIDS GROW UP AND THEY'VE HAD TO GO AWAY
TO BE AN ENGINEER OR THEY'VE HAD TO GO AWAY TO BE IN FILM AND SO THE MORE OPPORTUNITIES
WE PLANT THERE THE MORE THE KIDS WILL BE WITH US WE MET PEOPLE FROM ALL OVER THE COUNTRY AND ALSO
PEOPLE FROM TEXAS AND EVERYBODY HERE IN OFFICE IS VERY FRIENDLY VERY OPEN YOU KNOW I FEEL REALLY
SORRY FOR THE PEOPLE AND IT'S SENSITIVE TO THE PEOPLE THAT DON'T WANT IT TO CHANGE VERY MUCH