Why Arizona Is Becoming A Hotbed For Tech
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- เผยแพร่เมื่อ 12 พ.ค. 2021
- Arizona has rapidly become an epicenter for electric vehicle and self-driving tech, and it’s now the site of three big new semiconductor factories as the U.S. struggles to increase production during the global chip shortage.
The Arizona Commerce Authority says it helped 634 companies relocate or expand in Arizona between 2015 and 2020. Big names include Intel, Taiwan Semiconductor Manufacturing Co. and electric vehicle companies Lucid Motors, ElectraMeccanica, Nikola and Atlis Motor Vehicles.
In 2020, Phoenix attracted more residents than any other U.S. city for the fourth year in a row, as highly skilled remote workers flocked to the lower cost of living and wide open spaces of the Grand Canyon State.
Watch the video to hear from Gov. Doug Ducey, big companies, and Arizonans about why the tech boom is happening and how it’s changing the state.
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Why Arizona Is Becoming A Hotbed For Tech
As a German, I only know Arizona for its iced tea
LMFAO
as an American, i know Germany as the one that builds high quality cars, but when they break, the parts to fix them are overpriced to hell, a thermostat for an American car is like $4.99-$24.99, compared to a VW Jetta it's like $80+.
infact, you can find 2010 German cars in the public junkyard already due to the high price of fixing them, exceeding the cost of the car itself trying to fix it.
@@Omar-em7rl As an American I think german cars are cool. Sure parts can be expensive but the engineering tends to be more advanced than that of other cars so I assume that’s one of the reasons why
Went from iced tea to car parts
I’ll take it
Sprechen sie dork?
You guys missed a chance to call this video, "The Rise of Phoenix" -_-
They should replace the editor with you, serious missed opportunity!
They should have 🤦🏾♂️🤦🏾♂️🤦🏾♂️
We are rising! Buildings popping up everywhere ..and downtown, love hanging off Roosevelt between 7th Street and Central 😎🌴🏜️🎉
@@SPECIALTRADER1 Astra, the tallest building in the state will begin rising in downtown soon. Phase 1 will reach 535 feet with a shorter 400 tower next door for Phase 2. They will both be finished in 2023-2024 at latest. It's already been approved
Phoenix Rising.
As someone living in arizona, not all of us are unhappy about the changes. i couldnt be more thrilled.
Same here. I’m excited about the what’s going on.
Wait 20 years, you'll be California the way it is now.
I just love AZ regardless 😁
I have stock in some of these companies
As a proud Arizona resident, I would like to take the opportunity to thank the California leadership for pushing corporations out of California transplant to Arizona
Nice of them to do that eh? It does wonders for one's real estate asset values!
well you guys got some nice healthy growing pollution that those big mean californian regulations won't hurt anymore so there's that
I'm a Tucson native who also lived in Los Angeles and Phoenix. To see the changes happening here is pretty incredible! When I was in high school the metro Tucson population was over 500,000, now it's over a million. So far Tucson has managed to keep a good balance between small city feel with big city amenities, but that's quickly changing with rising home and rental prices that don't keep in step with what the average person makes in pay. Making homes and rents out of reach for those of us who are native.
I’m from Maricopa County. But Downtown Tucson is quite nice.
That's exactly why I left for Texas and soon in a couple years to Florida.
Native Arizona Here..Born 1959 & Live In Tucson..
Kingman born Arizonan but live in Yuma 🙂
@@CompaDeArranke Wow..Yuma is worse than Tucson in the Summer..Stay Cool Raul..
Fun Fact: If it weren't for air conditioning, Arizona wouldn't be the state it is today.
Willis Carrier is a superhero to Arizona.
Sounds like south Florida- except we have humidity lol!
Ac? Pssh Its dry you dont need it. Humidity?? That’s another level
Ever heard of a fan 💨 and a spray water 💦? 😂
Ive lived in Gilbert AZ for 35 yrs. Was super beautiful and affordable. Now its full of crime, pollution, traffic and that heat certainly wears on you. Coupled with a corrupt legal system...id never go back.
Insanely short-sighted to build semi conductor plants (being one of the most water intensive processes in the supply chain) in a drought stricken state that already has to fight for its water.
I was born and raised in Tucson. I’m 30 years old. I’ve literally watched this area dry out before my eyes. I won’t be able to raise my kids here.
Growing cotton is worse. Destabilized the economy and politics of Syria, for example. That which is employed in the production of semiconductors, can be recycled.
The groundwater in Tucson is actually already tainted too. Stuff from decades ago dumped into the ground is just hitting the water table.
Lies all Lies
@@charlessmyth Big Ag is wasting the most water by far on low value crops like cotton, wheat and alfalfa, and who in hell thought that growing walnuts in Arizona was a good idea?
Arizona's cost of living just sky rocketed, the divide here between the lower and upper classes are growing daily, rent and home prices have already tripled
All fun & games until locals are being forced out cause of a new housing crisis
housing crisis?
You can thank the federal reserve for easy money policy letting hedge funds and rich investors borrowing at 0% raising the costs of real estate and goods.
@@esb9814 ppl from other places with deep pockets out buying everything from locals, forcing them out of their own city, happens all the time in here in Miami
And then the tent cities and on to the next “new California” “tech oasis”
@@worldunfolds the climate prevents tent cities. If you’re in a tent city in Arizona, you’re at the end of the road. It’s over 90 degrees most of the year.
Next week why Alaska is become the new Nevada
Locate all the frozen food warehouses up there.
@@brodriguez11000 lol
No. It won’t happen. Dunleavy is a bit of a joke. More people are moving out of Anchorage than in. They cut university funding by 40% a couple of years ago to preserve the PFD. That should say something about the revenue stream.
hahahahahahahahahahahahahaha
There is so much space in Alaska - I doubt that will happen in the next 30 years.
A guest on The Wall Street Journal Report spoke sometime last week about making over $631,000 in 4months with a capital of $100,000, which made me realize that as a beginner i have alot to learn, so please assist me with any pointers or tips that would help me make this much profit.
seek the guidance of a professional.
I watch youtube videos and take courses, baby steps but it works for me.
I’m a new investor as well and I use a broker Olivia Mary Schulz, she’s been guiding me with my investment since I began late Nov and I’ve been able to accrue a profit of $426,000 with a principal of $85,000
that’s amazing
Wow I always wanted to invest with a professional but I never knew how to go about it please how do I reach Olivia Mary Schulz, and how does she help investors?
10-15 years ago it was a decent place to live with few concerns, these days it feels like a hell hole, much luck to all of you that feel otherwise.
I was born in Tucson in 91. I completely agree. People need to stop coming here.
The cost of living is skyrocketing here and I don’t understand how people can afford it. Rents are literally doubling in Tucson. If I hadn’t bought my house while prices were low I couldn’t afford to live here anymore.
Only housing prices and rent skyrocket. My sister just bought a home last year in Glendale with minimum wage and still live OK. Other like utility, food, gas insurance still low. Overall AZ is still more affordable. I bought a house in 2011 when home value here plummet now it tripples
@Marty Yo i paid it cash and no morgate payment for 10 years. Property tax here is low compared to other states. When you don’t have morgate, you live comfortably on $30k or $40k which is decent salary in AZ and have more time and budget for traveling which i want to spend time on
@@phuotnuocmychannel3021 As values go up, taxes will also go up…
@@sfrealestatedealmaker6001 property tax in AZ still low man compared to other states. If you don’t have mortgate you live comfortably in AZ on minimum wage because cost of living here cheap
Welcome to the rest of the country! From Florida to Georgia, Ohio to New England and beyond the housing as increased tenfold since the recession. It's called capitalism my friend!
CNBC after the water runs out: "The Fall of Arizona"
Yep my thoughts exactly....
same with California. California used to rely on snow melt to refill the aquafer, but that will be gone within the decade. Most mountain lakes are between 30-50% of capacity.
Arizona doesn't even have that. When the Arizona aquafer is gone its gone.
It took thousands of years to fill up.
It will never run out, desalination from ocean water very soon. Huge advancements in this technology is happening.
Pull water from the air. Some houses in Arizona already have machines for it. This coming from some one in Arizona.
@@shenghuang9861 this is wrong. go research AZ water supply before you comment like you know something about it.
I’ve lived in Arizona my whole life, 27 years. I can definitely see how much it is has changed and grown since then. Especially the housing market! It’s insane!
All the Californians going to vote “vokE, Az will soon be like Californiacate AZ. Otherwise you have to move again!
@@stevenlau7921 better than being Alabama, Mississippi, west Virginia , Oklahoma..... poor conservative garbage of states ..Arizona is growing because of diversification and tech transfer from areas like California and brings with them highly educated skilled workers...
as someone who lives in az and was born and grow up here, We need to do something about our education system. we are commonly ranked 49th out of 50 in education. I hope this means that our kids actually get an education now rather than the mandatory prison sentence it was before.
"Everybody knows the five Cs of Arizona." I'm from Arizona and had no idea wtf he was talking about xD
Me too.
He’s trying to make it a thing LOL
Yeah just a campaign pitch. Ducey sucks with his overemphasized midwest accent. "BRINGING JABS". No not a punch, a job. Finally rid of the douchey in 2022 which is nice. The future is bright in Arizona with Tea Party Koch boy Dark Money Ducey out.
I learned about it in school about 10 years ago
Yeah citrus isn't even a thing here anymore. They sold out to housing. The last AZ citrus processor closed down years ago. Mainly we allow Saudi Arabia to use our groundwater to grow crops that get shipped to Saudi Arabia because they depleted all of their groundwater supply. 20 years from now phoenix will look like detroit when the water runs out.
I've been wondering this, so thanks for making this. Since chip-making requires insane amounts of water, Arizona seems like an odd choice
I think they use recycled wastewater
people dont really need water
No it’s perfect because of the underground auquifer
why does it need so much water?
Low tax, lower salaries/ living costs and huge tax incentives.
Nonetheless. The vast water usage semiconductor manufacturing requires, still makes AZ a bizarre choice.
Proud to be born in AZ!! 🌵
As if you had any choice in the matter.
This is great news!! As a California native, Im so happy to see so many people leave, it brings tears to my eyes! I was always wondered why tech companies felt like they needed to be in NorCal, it just drove me nuts!! Cant go anywhere without long lines and no parking! I hope other States like Idaho, Montana, No & So Dakota will become next Hotbeds. Spread it out!!
California major metro areas will still be overcrowded, its just certain demographic move out BUT being overpopulated for so long it wont make much of a difference
@@Cahluvca Ive seen a significant change in the Bay Area, people are moving out of San Francisco & Oakland. Why pay $3000 for a one bedroom if the place is harboring homeless tent camps? That may change when this thing blows over, but for now massive crowds dissipated.
I was always wondered why tech companies felt like they needed to be in NorCal.....people in the same industry like to be close together (i.e. Detroit back in the days for cars, Bankers in NY, Showbiz in Hollywood). The early tech guys came from and rectuited people from Stanford and Berkeley. More talent in the Bay area. That is why they have not left. If other States can offer the same level of educated workforce they would explore those options. If you recall a few years back Amazon was looking to build their HQ2. They wanted tax breaks but the State of NY refused. People got upset because it was going to cause the State jobs. In the end, Amazon opened in NYV anyway (Queens but soon moving into Manhattan). Why? Because of the talent they can recruit and the lifestyle they can offer those soon to be well paid recruit. They could have saved billions had they gone to, say, Nebraska, but the peopl they will hire will not be the same. Nothing against Nebraska, I am sure it is a nice place, but for a profit driven competitive company they always look for and will go to where the talent is.
@@saksit247 Andrew Yang toured the country trying to start innovation hubs. No success. Look at West Virgina. They won't let go of coal and protect pollution. They could do well in so many modern fields.
NO! NO! NO! I'm SICK of people spreading out! Stay in your hellhole cities and leave me alone!!! I'm sick of increased traffic due to pompous out of staters moving to my area in endless hordes. Stay put!
the summers are brutal, not that fun when its 110 everyday for like three months
*4
The summers are what I can’t handle anymore
aside from the 4 months the rest is awesome weather..
I feel you! It’s hot and humid in south Florida 10 months a year- gross!
Done it for 27 years, at least it's not humid like Florida. It doesn't gret easier though haha
14:20 "The Colorado River sometimes doesn't even make it to the ocean because it's all used, every drop of it."
It's so sad that he sounds actually proud of this.
He thinks along the lines of Trump, catches flies and tears their wings off and watches them try to fly.
I watched a documentary a year ago where to environmental engineers followed the river, it doesnt make it to the ocean per their findings.
To be fair the river hasn't reached the ocean in like a decade now and the fact it's not worse than it could be is good sign I guess
@@deedeew4040 What tf does that have to do with Trump? You guys always want to bring up Trump but don't care about the actual topic at hand.
Then recycle it. Have to start somewhere. Pump salt water in. And use reverse osmosis pump it by using solar in the day and when it trickles down that as water battery. The entire west needs water. Something needs to be done on a huge scale. not little thinking big ideas.
The reason arizona is popping for tech is because it’s literally a barren desert for most of its size & has low natural disasters compared to CA, TX, FL etc..and leans is cheap and plentiful. It also helps that Phoenix metro is a quick drive to LA & the coasts.
'quick drive'
@@yen7705 Right more like 12hrs. Thats not quick.
@@filthyfrankblack4067Phoenix is only a 6-hour drive to LA, not 12..
It doesn’t hurt that Arizona so far is still a Republican state with low taxes and business friendly environment, unlike the shithole state next door.
Just did a quick Zillow check, comparable houses in Phoenix is about 40% lower than in Southern California. But their average income is about the same ratio of it in SoCal, which makes it not any more affordable.
I grew up with Chris Barker, haven't spoke to you in years bud, but I'm so glad to see you and your family are doing well!
The boom here is incredible. I've seen more growth and development in the past 3 years than I have in my whole life. It's getting crazy,
And more liberal
@@3000MrGian yeah, not everyone wants to live in the 1800s anymore.
Right those stack and pack are being thrown together in months time. It used to take them years to build apartments. Those Biden bucks at work and all the money and contracts that where signed years ago are finally coming into affect. Watching them knock down a school to build housing for college students was weird.
You should come to Nashville then
What happens when your taps run dry
Arizona is extremely friendly from a regulatory standpoint. I worked at a blockchain related startup in Colorado and the Arizona Commerce Authority was offering us great incentives as well as a "blockchain sandbox" type of regulatory environment to try out really neat things if we relocated there. It wasn't enough to pull us away of course, but that's how you attract cutting edge businesses. It's no wonder it's booming.
Ditto a lot of areas. One good example is starting a small food producing company. Other than a very simply obtained license there's literally no regulatory restrictions, none. You simply start production and see if anyone will buy your products. Literally no barriers to business development in that market sector on the production side at all. We've literally gotten rid of huge swaths of the regulatory state, and so far it's working great.
Loving CNBC's mini documentarias, so on point and informative!
They mentioned "Arizona's three universities". They should add a fourth. Grand Canyon University now has about 25,000 students on campus with a variety of programs including tech and engineering.
I've lived in Arizona for over 15 years. I'm 26, and I grew up here. Everyone moving here is pushing a lot of AZ natives from there homes and driving up rental prices. It's a mess :D also we are going to run out of water if we keep expanding so that's cool too
Yuuuup
Factzzzz
If we just built more housing we could enjoy our new neighbors without pricing going insane!
@@TheOMGPudding Forgot the water part!
I wonder what Native Indians thought when they lost there land
Moved to Arizona in 2018, now working for one of the mentioned tech companies. Cost of housing is lower, but so are wages. Taxes aren't significantly lower than anywhere else, so no net gain. Insurance and utilities increased because of bad drivers and climate. It's also missing any culture of a cosmopolitan city, so don't just look at what the big companies are doing.
Downtown Phoenix is one of the most boring downtowns for any big city. And. I’m saying this as a native
Culturally boring!? Y'all never visited West Mesa or south Central? There's so much more to the Valley than Gilbert.
Born/raised in the Dirty T. Moved north to get a job, like everyone else. Tried California. Made me appreciate AZ.
Phoenix is a city of second chances. Where California scorned your audition or app pitch, Phoenix welcomes you with a 3a.m. burrito and a call center cubicle. I love this city. The weather is crap, but the ppl are real.
@@billiii711 yea, significantly cheaper property tax rates than Texas.
I think Phoenix is geared towards outdoor activities. There’s good hiking all year round if you drive just a little way
Please leave.
Loop 303 was a 2-lane dirt road not long ago, now its a 4 lane highway either direction, PhX metro has exploded very quick.
Parts of the 303 are 6 lanes. its been exploding the past few years. That's where TSMC is going to be build at.
this video basically summarized my experience in arizona. I was living in san francisco, going to school and about to start an internship there, when things went virtual. i decided to work remote from arizona while saving on rent but getting paid san francisco wages.
on my way there, driving along the 10, i saw countless cargo trains hauling ridiculous amount of material into the state. i also saw wind turbines being moved on big trucks.
when i arrived in the phoenix area, one of my roomates worked at intel, and another worked at what is now Raytheon Technologies. Another guy there was a gamer and he educated me on the world of semiconductors.
There were also a few asian immigrants in my building, and when I went to parties, I saw a bunch of latinos with guns. Those rentable scooters were all over the place as well.
The summer was hot, the roads were huge and wide, and i loved my time there. Very commercial city, not the type of authentic culture you would find in a place like el paso with mexicans, or in massachusetts with native americans, but a great experience nonetheless
You never visited Hopiland when you were there?
stay in San Shitsisco
@@bellaleo104 what’s that?
@@elgoblino8885 ived lived in SF for a total of 8 months of my life dude. I’m not a Californian and prefer the low tax way of living in southern states. I just lived in Houston the past four months lol. I don’t like the ppl in SF either my guy, don’t be so confrontational
@@habibbialikafe339 why were you in Houston? Where were you originally from?
After seeing what the tech industry did to cost of living in California I really don’t know if I would be that excited about it coming to my state. It’s a hard trade off. Most of those jobs won’t be going to locals.
Yo check out what SpaceX is already doing to Austin.
A sh*t storm of inflation is coming and Arizona locals have no idea… 🔥
@@sfrealestatedealmaker6001 I'm guessing you're from the Bay Area so yea You're 100% right
Depends on how you look at it, if you are already in a house...you are good. If you are looking at it from a collective standpoint...many will be priced out of housing and decent rental locations.
It's NOT going to help you in any way shape or form.
boom area in America just means more of the same toxic housing cost inflation for non-homeowners that occurs in every other modern boom town
You only need to look at what happened in Williston, ND to see that’s true. Families who had lived there for generations were priced out of their homes in a matter of a few years.
True.
Texans already start complaining
i just laugh when the same demographic that always screams capitalism to everyones faces is the same one that complains about its effects
Welcome to capitalism my friend! Have you ever heard of Karl Marx? He thinks pretty similarly to you!
@@jacksevert3099 The boom of the 50s and 60s didn't cause the problems these booms cause. Maybe it's more than just capitalism.
AZ is a great place to live, but, its manufacturing growth is due to the creativity and innovation in CA with its great research universities. CA creates billionaires by the week, while AZ services them.
CAs’s billionaires are moving out. No productive successful person wants to live in a Leftist sh**hole.
This is such an arrogant comment..
California is driving all businessmen and hard working people away. They are not welcome there. "Progressivists" want to create new socialist heaven on Earth there and all they need is more homeless, junkies and people on benefits. Crowd that is easily controlled and manipulated. Any sign of creavity and rational thinking is undesired (except activities that damage business)
But most of ordinary people want to live with some dignity, not being bullied in a communist $hithole as My Music correctly calls it! That's why they are moving away.
The only thing I can't understand is why the newcomers vote again for the same crowd that ruined California. They must be brainwashed beyond repair 👎👎👎
@@jirislavicek9954 CA, being the world’s 5th largest economy, with a $76B surplus during a world pandemic, and the world’s best public university system, only fools believe it’s anti business as it creates billionaires every week. Two immigrants just became billionaires by disrupting Wall Street, with the IPO of Robinhood. BTW, studies show the amount of people leaving CA is about the same, just less people moving to CA, but, the ones moving to CA are generally more highly educated and richer. Even British Royalty moved to SoCal. Most of the moving is within CA.
@@oppenheim2 Yes, California has the best universities, they have been building their reputation since before WWII. The problem is that universities have been hijacked by "progressives" and whilst they still produce world class scientists and research in many fields, they became world's leaders in political correctness and producing vast number of useless graduates. Freedom of speach and academic freedoms are gone.
California also has the massive Silicon valley and Hollywood industries are there well rooted for decades. This system has huge inertia and always will be there in some form. People always will pay to live in Californian climate near the ocean.
Also software and product development and trade are flexible industries in covid pandemic, working from home is an option for many workers so that left California relatively unaffected by the lockdown. It's not the case in physical manufacturing etc.
California is great for the super wealthy (multinational companies) and the really poor. The average middle class, the base of every healthy society, is squeezed. Government does nothing to help them.
As for British royals you mean Meghan and Harry? The moved there just to hide from British tabloids and to winge about racism in the UK.
There is a fuckload amount of construction in the Phoenix Metro Area. From Mesa to Buckeye.
States that attract high tech companies turn very blue, very fast.
Didn’t that happen to Portland and Seattle
As a resident of CG for about 18 years, the amount of wealth and people moving from out of the state because of Lucid and Nikola is absolutely wild. ADOT needs to hurry with expanding infrastructure before it overwhelms our freeways and highways more and more
Edit: I did not realize AZ had a highly reliable electric grid. I’ve only experienced one power outage that lasted a couple minutes 8 or 9 years ago...
Well Arizona is in the desert, it doesn't get huge storms that knock out power over a wide area unlike other states so reliability of their grid has natural advantage
@@thomasgrabkowski8283 I just now realized that, haha! Goes to show we have other more important issues, like our A/C units breaking or accidentally overheating our cars driving up slopes 😂
Arizona has a very stable base load because it has one of the largest nuclear generating plants on Earth. On top of this it has easy access to abundant supplies of NG. A viable partisan political environment has kept Arizona investment in solar and wind rational and largely productive. Arizona also has a highly favorable environment for efficient production of solar power, which is helpful. While water is a challenge it can be met by increasing re-use of water, and area where Arizona has made great progress. For example the aforementioned nuclear power generation plant? It uses waste water and produces very clean water as an output. While nothing is perfect, Arizona is situated to become one of the major tech manufacturing areas in the USA, in large part because of very pro-business government policies that view business as a partner, not a cash cow or a threat.
Good episode, Helpful information.
I can't live there, it's too damn hot in the summer.
It's only 120 degrees, and it's dry.
Lol. I know how dry heat feels like, still no.
You get used to it and 7 months (at least) are beautiful
@@briannelson4246 ...it's only dry April/May & half of June, after that it's sticky nearly every afternoon/eve till late Oct or Nov now (we hit 100 last Nov 6th).
Do you have AC??? Lol I commute on a motorcycle year round.I wear an ice vest and a vented jacket.My chest is ice cold after the “hot” 30 min ride home. Cover up when out in the sun.HUGE difference
Why don’t do guys do Georgia and North Carolina next, they both growing fast because all the people from the New England states are moving there
Ik sure not as much. It they keep moving to SC as well. Everyone hates it. Literally so much deforestation to build horrible cheap identical suburbs. Many native SC people move to them of course. But yeah. To many people to fast is just 5o much crowding and the traffic. Lord.
I'm from Boston and yep planning to move to Georgia also :)
I just left AZ. Housing is out of control and pay is subpar at best.
Looking to move as well. Where did you relocate?
I left at the end of 2019, I'll never go back to that dust bowl!
I ended up moving to Dallas, Texas. Similar in some ways, but the people are MUCH friendlier. 0% state income tax. Seems like my $$$ goes a little farther in Texas... I also considered Tampa, FL.
Out of control housing costs are happening everywhere.
Step 1: Fed prints money.
Step 2: Banks and big corporations get the money.
Step 3: Banks and big corporations buy real estate with the money, driving up the price of housing.
Step 4: Economy stays bad so Fed decides it needs to print more money.
Step 5: Repeat.
As an Arizonan, the way you pronounced Casa Grande killed me a little inside 😂
As I've said before. Where ever techs go the cost of living will increase in that area that's what happened to California. You are seeing the result of what happens when the states is overrun with techs getting 6 figure salaries and real estate agents want to get more commission? Most wages won't be able to compete with tech wages 🤑
Yeah that's the point and tech statically can't enroll thousands employees to benefit everyone it just can't this itself will create a humongous gao between even the middle class and lower middle class and poor
Why did I just watch an ad for Arizona at 4 am in the morning
I watched it because my tech company has an office there and I considered moving during the pandemic. And now I don't so bad ad
Let’s not forget about the wonderful gentrification and rent hikes all over Phoenix and surrounding areas. The amenities (e.g. public transportation) didn’t change, just the price tag.
Californians and liberals are coming!
@@stevenlau7921 i like them , better than Alabama, Mississippi, Kentucky, those poor red states.....And phoenix has always been liberal...and the the Californians who are coming are mostly skilled ...so no worry...go live in west Virginia and work in those coal mines .
Thank you for your info
Moved here recently from Wisconsin and love it! Just wish housing wasn’t so expensive and competitive so we could buy a home.
My mc mansion neighbor stays here only 3 months,then returns to WIS. His AC runs constantly $$$$$ ???????
These videos always seem to do a good job of highlighting the good and bad surrounding each topic.
I think the real estate information was 8 years ago. I bought my house in 2009 at $235K. New homes being built around our area are priced between $600K - $800K. It has become very expensive to buy a house now.
Then sell it for $$$
@@iconsumedmt1350 If you don't have kids, it make sense.
This is a Phoenix based video. The rest of us in AZ who don't live a mini-me Cali lifestyle of Phoenix are struggling to survive. AZ is a decent place to grow up and retire. The whole middle part of life in AZ is difficult.
When water 💦 runs dry property values will hit rock bottom
Enjoy it while it lasts. Greed will always win at the end.
I relocated from Chicago to Phoenix twenty years ago. I am so glad I did. Love the Phoenix Valley.
I can’t stand Governor Doug Ducey. Wish he wasn’t in this video.
@@SynchroSk8 why?
@@SynchroSk8 Why?
@@SynchroSk8 then move back
GO back to Chicago!
Wow! It’s crazy how fast Phoenix and the surrounding areas are growing!!
Arizona is gonna stay blue love it 🥰
Wait till you gotta order your water from Amazon.
LMFAO
Shout out to beautiful Flagstaff!!! ❤️🏔🌲 @7:50
Wonderful video. Lots of vital information.
Born and raised seeing this growth is super crazy
Tech hubs should be in cold places....not the desert.
Easier to cool servers, saving $$$$
Electricity costs and how easy it is to house and obtain skilled workers are more important than cooling
all these places have 10 million solar panels on the roof. arizona = best place in world for solar panels
@@esb9814 they dont tho bc that's really bad for cooling something that's far more important to them than using solar
that is true and I feel like Oregon would better choice ( close to cali )
@@ceberios increased taxes in more liberal states is a big big factor as well
I feel ya Arizonans. I live in a cheap low tax state where New Yorkers are flocking too, so I can relate to rising housing costs, rising cost of living, increasingly miserable traffic and the over development of previously pristine natural landscapes.
it’s depressing
Yeah but if people from New York and California are moving to your state why is the rent so high
@@ahadumer418 Because they can afford to pay more, then the landlord(s) raise the price.
if everybody wanted that, America would not be the largest economy in the world and the most powerful....as the world is heading for the sky , conservative are still in their little nostalgia of small village type life
the only thing I know about arizona is that it has a great green tea
Very very informative in many aspects from high tech to human, politics /demographics in this amazing state of Arizona. !
When they said the Proving Grounds were in "remote desert regions," and I know that there's one like I'm a mile or two away from my house, made me laugh.
At one time they were, no longer for sure.
My home literally sits on the original GM Desert Proving grounds.
Saying that water from the Colorado river sometimes doesn’t reach the ocean like that’s a good thing and not a problem
That’s cause so many states use it all up. Southern California and Nevada heavily rely on the Colorado river. The Phoenix and Tucson metro areas use a percentage of the Colorado River and the rest is from ground water and rivers such as the Salt river which are also drying up
just wait till 2025, the video will say: the colorado river sometimes doesn't reach arizona anymore
I lived there. For 4 months out of the year you can't go outside, it is too hot
Unless you can stand it which I can
People from other states relocating for jobs Arizona live to work and provide for their families. There’s no way I could live In that heat. I was there for a month and covered in sweat. Where I live it’s usually 72 degrees in August. I quit my job when my company wanted to permanently relocated our department there. I don’t have children or a desire to have a huge home. I would rather live in my means and enjoy the outdoors.
Unfortunately, that is the trade off for Big Tech companies moving to a city near you....it brings higher housing prices!
And higher paying jobs
Actually the majority of the increases of housing costs is due to foreign investment since we are the most crony capitalist nation on the planet.
@@thejquinn i would love to see a source for that seeing as we arent Vancouver Canada
@@thejquinn how did your education system fail so badly they didn't even teach you how to cite properly or find an actual reliable source. you know this explains a lot about other comments iv seen of yours good lord you really are just special
@@thejquinn literally the more i look at this blog you cited the more embarrassing it is like no one in their right mind would ever cite this as a source in anything at all I mean truly the logic here is baffling to me
I loved Arizona when I visited it was beautiful.
Dont move to Arizona and vote Democrat
As a Chinese living in Maricopa, I think that Maricopa is an amazing and majestic place. I love Arizona so much
Cost of living is great in Arizona. But keep in mind, as the economy grows and further develops with high paid jobs. Cost of living will go up.
Indeed.
Arizona has a big advantage with its low property taxes compared to other growing states like Texas.
@@basedoz5745 Arizona, unlike Texas is able to charge low property taxes because it, unlike Texas has income tax
@@thomasgrabkowski8283 But if you compare Phoenix to a city like Austin, the median home price by recent 2021 reports is $420k while Phoenix is at $360k. In Austin the property taxes are going to be over $8k per year. In Phoenix your property taxes would be less than $3k. To make up that 5K in property taxes you would have to make $150k just as a single filer to reach those AZ state income taxes.
*Bay Area Type Beat*
Everywhere is a hotbed for tech now apparently....
Scattering from CA like cockroaches
Right and TMSC has not finalized their decision to build in AZ.
The California exodus will spring up multiple California-lites like Austin TX, Denver CO, Phoneix AZ, North Carolina, Miami FL, etc.
Austin TX is already like a mini silicon valley (silly con valley)
Yeah!!! silly con valley!! I miss the old Texas that was dirt poor welfare queens living on meth and Mountain Dew until the grownups from blue states came and made you rubes a real city xD. Get real dude, without our tech and smarts y'all would have starved to death ages ago.
@@gibsonflyingv2820 I can't tell if this was sarcasm.
FYI I work on tech. I'm not talking about the industry here, nor the politics.
Afaik Texas was and still is a rich state.
And no tech people are not frickin Einstein's pls
Miami sucks
So does Texas
@@TheAlchemist1089 Lets be honest bruv, Texas outside of a few large cities like Dallas, Austin, and Houston is the same as the rest of the bible belt.
@@flash012234 can't disagree with that
And Dallas will pretty much become little India in 5 years
When I was visiting in California, I saw lots of real estate marketing ads from NV and AZ welcoming California.
“How is your relationship with Mexico?” lol
Priceless 🙂
Gov. Ducey: Well, we invaded their land and declared it US territory in 1848, in 1912 we made it the 48th US State and we treat Mexicans like trash ever since. We call them aliens who do not belong here. Did I mentioned, we are building a fabulous, tremendous beautiful impenetrable wall?
Big business: That sounds awesome! Where do I sign?
@@Gheorghe99 I want to live where I don't constantly hear about it, because frankly I had nothing to do with it..peace
@@tommyjuneau6329 - have you considered Iceland? 100% white population, 0% Mexicans!
@@Gheorghe99 I think I know what you are getting at, and ultimately hope that isn't the solution to the massive problem going forward...but something will change that much I'm sure of
Love these CNBC documentaries
Why wouldn't I live Arizona? 120 degree days come to mind.
Arizona won't be the semi conductor capital for atleast a few decades. That title belongs to Taiwan and will continue to belong to Taiwan in the next decades to come. Taiwanese chip makers are already producing new smaller semiconductors that is not mass produced anywhere else yet, and Taiwanese company still holds the majority of the market.
I think it's more about trying to bring back American manufacturing jobs and not making them becoming tech capitals. The news sensationalizes things.
Meanwhile China: Let me Steal Your Trade Secrets and Become the BOSS
@@DhrubajyotiRaja01 You mean like the West did for the past 500 years?
Also, semiconductor is being seen as part of national security, so Arizona will benefit from the national push for domestic semiconductor production
@@DhrubajyotiRaja01 There is always that one Indian
I went to Phoenix a couple years ago for work and I loved it.
I was in this state in 2019, such a great 6 months there!
I got 20 years Making PCB circuits and SMT thanks for the info
Born and raised in beautiful Arizona and couldn’t be happier to be in a state of growth and wealth!
I’ve lived in phoenix my whole life and the housing is out of control. It was cheap before but now that it’s expensive and I have to deal with the heat, why should I stay? When a townhouse rental is 2450$ I might as well move to California
But if I have a home with a $500 mortgage payment and can rent it out for $2500, and the renter sees this as fantastic deal, my view of the situation is different.
My second-favorite clip in this video is the little Solo trike on the highway trying to get up to 50 mph.
I like how pro business they are. I just hope they consider environmental & housing sustainability with the same enthusiasm.
same
Geez imagine moving to a state where it hits 100+ degrees majority of the year 🤒
That's AZ for ya bud. Been that way even before climate change
It’s not over 100 majority out of year. It is closer to 4 months. I won’t lie, that can be tough. But so can 4 months of bitter cold and snow. Spring, fall, winter are beautiful here.
It’s hot but at least it’s not humidity hot
@@LisaFaiss we had like 50 days last year of 110 degree weather. I’ve lived in AZ my whole life and I just want to enjoy summers and not be depressed. Time to move
@@nicolea8205 I’ve lived here since 1983. Last year was extremely tough.
I'm starting to wonder where isn't a hotbed for tech? A company can move and start from damn near anywhere
West Virginia can hope
Well if the State doesn't have a decent broadband network/infrastructure then it isnt smart to set up a tech company there
It's a hotbed because California wanted to increase taxes to pay for there social programs. When arizona starts the same, people will flee.
california
Hawaii.
Arizona deserves the best 🇺🇸🇸🇦🧡
We are experiencing the same thing out here in Vegas. Used to be a very affordable place to live and now you can’t find a 1bd1ba apartment home in a nice area for less than $1400/month and that’s not including utilities. It’s getting crazy out here but I know that what goes up must come down! This boom won’t last forever and when it finally crashes everything will be reset again and as long as you have a job you will be fine.
LOLed at Doug Duchy patting himself on the back for water conservation as all of our reservoirs are at like 5%.
He isn’t wrong that AZ is the top state in conserving and managing water and best litigators for arguing for more water rights from the Colorado River. But that has been the case for decades. And Lakes Pleasant, Bartlett, Roosevelt are near full capacity. Lakes Mead and Havasu are down 10%, but those are on the Colorado. AZ is last in line for water rights for Colorado water so they get drained by other states.
The “microchip capital of the world” was funny as well. Maybe of the country, but not competing with Taiwan yet.
@@LisaFaiss it’s less arguing the water rights, and the deregulating he brags about. Agriculture uses 70% of our water in Arizona. We have corporate agriculture from all over (California, Minnesota, Saudi Arabia, and the UAE) using Arizona water and leaving people especially in rural areas of Arizona at risk of not having water.
@@basedoz5745 I do agree that the rural areas have major issues due to corporations overdrawing ground water. At the same time, overall the state has some of the best managed water, particularly in the valley. Water usage for ag and golf courses are way down because they were pressured to decrease their usage.
@@LisaFaiss And this is after a recent severe drought.
Love these CNBC videos
I love ARIZONA, always. Abundant blessings; in wisdom, creativity, innovation, sustainable development, peace and healthy dimensions, abidingly. Thanks a trillion: CNBC, for this insightful documentary.
Lol, just came back GA from Arizona. it was my first time to be there. Both the climate and landscape are so foreign to me. Thus, it was a great travel experience; however, I could not imagine myself to settle down there, especially Phoenix, as it is so extremely hot and dry. The daily temperature difference is huge. The Mars-looking could make me depressed.
Uhh Phoenix doesn’t look anything like “Mars” there’s lots of green grass and palm trees here
@@orlanzo2621 lol, still too big contrast to the south eastern part of the country.
@Richard Schiffman the humidity doesn't last more than three months
Yes, all the brown was depressing and very hard to get used to moving from the southeast to az. Totally understand!
Yup I thought I was the only who gets depressed by this mars looking scenery here. Its so polluted and dusty here now too, some of the filthiest air quality in the country. Phoenix and the natural desert areas were not meant to become big metropolises with this many people but lets keep building anyway!
THE E-SCOOTERS need more law enforcement, those scooterists are crazy! Go to downtown Mill Ave in Tempe, AZ on a Friday or Saturday night and prove me wrong. It's like that South Park episode with Mr. Mackey.
So where are we going to get water from?
I visited Tempe for a week in July and had my first heat stroke. I went to a zoo, walked outside for hours (which, in hindsight was stupid of me), and the minute I walked into a souvenir shop which had air conditioning I felt dizzy and almost collapsed to my knees.
back in '84 my interview w/ Motorola my senior yr at UCCS w/ a EE degree did not lead to a job offer.
regrettable at the time as i'd been to Phoenix and Flagstaff and liked the country. now though, many
years later the regrets are a blessing in disguise. as Arizona is one of the last places i'd ever
want to live given the summers becoming hotter than ever. Colorado is bearable in the summers
only because the big mtn's are close enough for weekly camp trips
Drive two hours north of Phoenix and you are at 7,000 feet of altitude (which means 21F cooler on average) filled with national forests for camping.
Why is “anywhere but California or New York” becoming a hotbed for budding tech industries
Maybe bc cali and new york keep passing laws that are blatantly anti business and not just big business but anti small medium and large
Property Tax and Income Tax. Air Tax and Sunshine Tax
@@tjellis1479 breathing tax, walking tax, sleeping tax, and the tax tax
Low cost housing market
Republican ignorance/greed/brain dead slaves to the .1 percent.
People from Arizona thinking this state is a retirement state 😂😂 not anymore
Looks like it is the most recent state for Democrats to take over and ruin. Has two Democrat senators and voted for Biden. It'll turn into California in no time; homelessness, high taxes, legalized weed, and social justice warriors. The border wall will be torn down, the border patrol will have no mission, and there will be no difference between Tuscon and Puerto Penasco.
@@migooknamja ok
@@migooknamja you obviously don’t understand economic development and the convergence that is occurring between newly industrialised countries (Mexico, Thailand, Vietnam, Brazil, etc) and the developed world.
And you obviously don’t understand that the prices would go up regardless of whether or not those new residents would vote for Democrats. It’s funny how people don’t understand the basic principle of supply and demand. Blame these companies for bringing in out of state workers and making your state more attractive to live. That’s what’s bringing in more people, which will inevitably drive up home costs
@@hiphipjorge5755 companies and individuals go where they are treated best. If a state keeps raising taxes on companies and people, then eventually there will come a tipping point and people will leave. This is exactly what is happening in places like CA and NY where decades of Democrat rule, high taxes, and inefficient social programs have caused people to flee to red states like FL and TX. The sad thing is, many of these fleeing citizens are Democrats and will elect new democrats in these new states, which will subsequently be ruined in about 10 years' time
Its still a retirement state... For Californians. Lol