It’s likely that a good number of the Toyota California employees that move to Texas will be able to pay cash for their new Texas home after they sell their overpriced California houses to some suckers staying in the “Golden” state.
Most will be VERY happy after they settle in to their new homes in Texas. I just hope only a small minority will bring their California “progressive” political beliefs with them.
The later other companies are to follow Toyota’s lead on exiting California, the less well off the employees will be (as, gradually, there will be fewer and fewer people wanting to pay astronomical prices for the overpriced California homes).
PLANO, TEXAS (where Toyota is moving) has been ranked by Forbes as America’s SAFEST CITY.
See here:
http://www.forbes.com/pictures/egim45edhe/1-plano-texas/
It says:
The affluent Dallas suburb has a median household income of $79,234, 60% above the national average; a police force made up of college graduates; and a strong community watch program.
Take’em out to the old J.R. Ewing place. Show’em what a Texas slum looks like. There’s room to breathe in Texas and it’s still affordable to the middle class.