Even the State prefers doing business in Texas
Businesses do not need government to tell them where to invest. Apple, Comcast, Campbells Soup, are all investing heavily in Texas. Now you have a California Real Estate Investment Trust is going where the money is, Texas.
Seriously, where would you put your dollars? California or Texas? Just going to Texas gives you a 10% increase in profits or wages—no income or corporate income taxes. Unions are part of the landscape in Texas—they do not own it. As Jerry McGuire said, “Follow the money”.
“The REIT paid $19 million for the 268-unit complex. The trust is sponsored by Steadfast REIT Investments LLC, an affiliate of Steadfast Cos. in Orange County, Calif.”