Topkick
Verified Military
Press Sec. highlights that the company is staying, the heiress is moving.
Why is Lynsi leaving California?
Press Sec. highlights that the company is staying, the heiress is moving.
Why is Lynsi leaving California?
In the recent past she has also made clear that she's not happy with Newsom's actions during Covid, his handling of the Homeless, and having to close stores because of crime. And that she doesn't want to raise her kids in California. Newsom's not wrong but conveniently leaves those parts out.Her stated reason is so she can oversee the development of their new eastern HQ as well as their expansion into states other than TN.
She is moving the HQ to Tennessee because the cost of doing business in California is high, and we're not talking about taxes.Why is Lynsi leaving California?
She is moving the HQ to Tennessee because the cost of doing business in California is high, and we're not talking about taxes.
The issue however with with all these states that create policies to attract businesses is those businesses bring voters that change the fabric of those states. Voters that vote for policies that made their previous states complete hell holes.
That's a good point. It's happening all over Mexico, just with white Americans buying or renting out things that Mexicans could afford pre-pandemic but no longer can. To the point where there are protests have been occurring off and on for a few years: 'Gringo go home.' Mexico City protests target Americans, gentrificationI’d call it the housing equity effect if it were me. People can take the equity out of their homes and retire early, move to a lower cost area and imbue their California values into those new areas.
That's a good point. It's happening all over Mexico, just with white Americans buying or renting out things that Mexicans could afford pre-pandemic but no longer can. To the point where there are protests have been occurring off and on for a few years: 'Gringo go home.' Mexico City protests target Americans, gentrification
She's clearly stated that she doesn't want to raise her family in California. Financial is a big part of it all, but let's not sugar coat it and make it the only reason. She can pay the bills. Values are not aligned. As I understand it the HQ will remain in CA? I've listened to many podcasts with her, she's not happy in California.She is moving the HQ to Tennessee because the cost of doing business in California is high, and we're not talking about taxes.
She is moving the HQ to Tennessee because the cost of doing business in California is high, and we're not talking about taxes.
The issue however with with all these states that create policies to attract businesses is those businesses bring voters that change the fabric of those states. Voters that vote for policies that made their previous states complete hell holes.
She's clearly stated that she doesn't want to raise her family in California. Financial is a big part of it all, but let's not sugar coat it and make it the only reason. She can pay the bills. Values are not aligned.
4 of the largest dots do not have a state income tax and AZ is the lowest of those that do (like OR and CO). People are moving to where they aren't taxed to the moon and back. 3 of those states are adjacent to CA so people are moving but remaining close to family and friends. You know this being in AZ and all, but it is rocket surgery for others.
And the lady moving to TN...another state w/o a state income tax. Double-edged sword though because employers will pay a little less in some areas as a result. In FL it doesn't help too that a lot of revenue is driven by tourism.
GotchaThat's my point. It's not about the taxes. Obviously Tennessee are also giving In N Out tax incentives to move corporate HQ as well.
Being close to my parents in case something crazy happens is very helpful. Something Texas certainly did not provide.
She's clearly stated that she doesn't want to raise her family in California. Financial is a big part of it all, but let's not sugar coat it and make it the only reason. She can pay the bills. Values are not aligned. As I understand it the HQ will remain in CA? I've listened to many podcasts with her, she's not happy in California.
I can see that happening if she is still as hands-on as she is now and if she stays in Tennessee.You'll likely see it flip-flop in the next 5-10 years where the corporate HQ is in TN and it becomes a regional one in CA.
It seems like the main corporate HQ is going to stay in CA, while they build up a regional HQ in TN. You'll likely see it flip-flop in the next 5-10 years where the corporate HQ is in TN and it becomes a regional one in CA.
I can see that happening if she is still as hands-on as she is now and if she stays in Tennessee.
It'll be interesting to see the effect this has on In N Out. I like the food, but I think part of the appeal for people in the eastern states is the fact that you want something you can't have. It's sure to be fun for awhile.
I can see that happening if she is still as hands-on as she is now and if she stays in Tennessee.
It'll be interesting to see the effect this has on In N Out. I like the food, but I think part of the appeal for people in the eastern states is the fact that you want something you can't have. It's sure to be fun for awhile.
Other way around. Corporate HQ is in Irvine, that office is being sunsetted. Baldwin Park "Burger University" is remaining open because the primary mission of the facility is employee training.