New legislation in North Carolina impact on real estate???

[Patrick H.]

Hello,

I am in the process of setting up to conduct business in North Carolina (specifically in Raleigh and the Triangle area).  As far as I have discerned, the area I am interested in has a high emphasis on knowledge worker type jobs (tech, software, engineering, financial, etc).  Recently passed legislation in North Carolina doesn't sit well with many of the types of companies which are based in the Raleigh area (source cnn money "...Cooper spoke as more than 80 CEOs and executives co-signed a letter to North Carolina's governor pushing for a repeal of a "deeply discriminatory" bathroom law...").

Does anyone have any opinions on how this may play out?  Usually companies move for taxes and cost savings - not sure if I am familiar with a company moving their operations due solely to laws they find discriminatory.  I feel this definitely has a material impact on whether or not I continue to pursue the Raleigh market.

[Eric F.]

Patrick,  no business is going to leave. The exact same scenario happened with Amendment One (2012 - banning gay marriage). Most big businesses did not approve, but none left, laws like it got overturned by the Supreme Court, and now gay marriage is legal in North Carolina, and nationwide. All that happened is we had a pointless cultural war for a year and wasted 100 million dollars of taxpayer money fighting over it. 

This will get overturned or adjusted and then it will be on to the next stupid cultural war to steal headlines and accomplish nothing.