> Eventually Silicon Valley will end up like Detroit, with abandoned 4-over-1 condo complexes and empty office parks where the software industry once stood.
I'm certain this will never happen simply due to the superiority of California's climate.
I'm certain this will never happen simply due to the superiority of California's climate.
Outside US (taxes could be higher, but what I get in return could be a better deal than CA): Sydney, Australia or Auckland, New Zealand.
I would try Auckland before you buy. It's cold compared to all your other places.
I'll turn your argument around and say that the only truly location-dependent industries are extraction based. Everything else moves where the people are. And people will pay through the nose to live where it's nice.
Well, yeah, prior to Covid, Andalusia in Spain was a favorite tourist destination. It really is lovely sitting at 10pm with a sangria in hand on a historic staircase of a palace and watching the nightlife milling around.
But all this flocking is temporary. People do not move there to start businesses. (They do to Gibraltar, but that is a tax haven.) They just enjoy they stay, spend some money on recreation and fly back to gloomy-but-rich Amsterdam, London or Hamburg.
I don't think I would call the transportation industry (as in: ports, trains, planes, and related infrastructure) "extraction based". But that is an example of something very clearly location-dependent.
"Nice weather implies good economy" does not seem to pass even the basic correlation test.