Quote:
Originally Posted by Dcbrickley
They are not going to need all these employees that fast, with all the universities in Texas, they can bring in loads of graduates each year to fill positions. And trust me, those grads want to move to Austin, sure they would rather live in Manhattan, but you better have $50M in the bank to live there or you will feel like you pauper, and graduates know that.
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Eh, 100K in New York is enough money to live reasonably well for a single person. Especially if you are young and Kip's Bay or Hell's Kitchen bro-scene is your jam. Or you are willing to commute in from JC or Hoboken's bro-scene.
I hired plenty of youngins at my time in Wall St for 70-85K and they were living large in their own eyes.
Granted, you aren't wrong. 100K a year in Austin will put you downtown in the nicest newest apartments pretty easily, where in NYC you would likely need a roomate or two and live in a sort of douchey area. But young people with money tend to like douchey areas.
That said, current Austin is actually a place people want to move and is honestly viewed as a tier-A city for young grads. Almost everyone I know in NYC has been to Austin more than once and really liked the city. It certainly feels small compared to NYC, but it doesn't feel like it's lacking in urban lifestyle if that is what you want. We're well past the days of having to pretend the Triangle was an Urban development. It's not to say that Austin is as "flashy" of a place to move in most young people's eyes as San Fran or NYC. But it's not a place that anyone would mind relocating to and would likely be a pretty easy sell for top tier talent to locate here after school.
Pound for pound, I would put our central apartments, food and bar scene up against NYC, San Fran or L.A. Our commute is worse than NYC or San Fran, and our name is a step below them. But if you came in for an interview Austin would not be a recruiting hindrance at all.
I think Austin is likely one of the 4-5 cities they are actually seriously considering. And we'll all wait to find out where they want to be, and most cities on their list have compelling reasons for picking them, so it'll be down to what Amazon is looking for in a new HQ.
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