Back to the Office for Tech Workers

[Coronita]

[quote=spdrun]We’re talking about tech companies in the US, right? Do you not expect some to be exploitative?[/quote]

i don’t understand you understand how this works in practice.

H1B means hiring the person here in the US. It’s not cheap. Any public company or company planning to go public under a lot of scrutiny wouldn’t be able to get away with paying H1B significantly below market value. Small shitty companies maybe, but irrelevant to the greater talent pool of tech workers who don’t need to work at small shitty companies with no plans on going public of without stock grants…
Eventually companies will get caught and people will go to jail if company big enough….

H-1B abuse: Bay Area tech workers from India paid a pittance, feds say

H-1B: Prison for visa fraud in case involving Bay Area workers

Two Silicon Valley Executives Charged with Fraud in Obtaining H-1B Visas

Fed already learned from 2018ish.
H1B visa abuse is so circa 2018 that it doesn’t make sense to try to do this and risk getting caught
…And it’s way more expensive and far more risk than hiring someone out of a satellite office in Romania or Poland. Not just wages, but legal and administrative cost of doing an H1B applicant. Speaking from experience….

[Coronita]

My tenant in 92130 yesterday night eagerly called me to ask me to exercise his option to renew his lease for a 2nd year at the same price that I offered him last year. I said sure.

He asked if he can extend it for a 3rd year too. I said, I’m not commiting to a 3rd year, but typically unless we have excessive inflation or the USD drops like a rock, I typically dont raise rates for a good tenant that doesn’t move out. He offered to prepay 3rd year of rent in full…what? I suggested wait and see wait and see in case he or your wife has to go back to the office in LA/OC next year.

He said that both his company and wife will let them work indefinitely from San Diego, he reconfirmed his wife just needs to show up in satellite office in Old Town once every so often. he just needs to go to OC once per month. And he said no way in hell they would move back to Culver city and send their kids to school there instead of Del Mar Unified….

So I guess i locked $60k rental gross income for this year too. And probably the year after that if I want to…Score.

No need to put my SFH on the market for 2 years.

[Anonymous]

[quote=Coronita]Hey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….[/quote]

Netflix continuing to plummet already back to Pre-covid price. All the Covid gains evaporated.
Only a matter of time before they start announcing layoffs, if they aren’t already. This is the .com bust all over again. But only this time it is going to spread to the entire economy.

Mortgage rates also returning to pre-covid level and only going to keep going higher.

[Coronita]

[quote=deadzone][quote=Coronita]Hey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….[/quote]

Netflix continuing to plummet already back to Pre-covid price. All the Covid gains evaporated.
Only a matter of time before they start announcing layoffs, if they aren’t already. This is the .com bust all over again. But only this time it is going to spread to the entire economy.

Mortgage rates also returning to pre-covid level and only going to keep going higher.[/quote]

You keep talking about 1 stock. Netflix. Big deal.. I don’t own netflix lol….

Gold is back to $1958 and Oil is down. Your point? lol

[an]

[quote=deadzone][quote=Coronita]Hey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….[/quote]

Netflix continuing to plummet already back to Pre-covid price. All the Covid gains evaporated.
Only a matter of time before they start announcing layoffs, if they aren’t already. This is the .com bust all over again. But only this time it is going to spread to the entire economy.

Mortgage rates also returning to pre-covid level and only going to keep going higher.[/quote]
Sounds like a great buying opportunity to me. NFLX in 2019 has revenue of $20b, profit of $1.9b, with profit margin of ~9% and for 2021, revenue was almost $30b, profit was $5.1b, and profit margin of ~17%.

[Coronita]

[quote=an][quote=deadzone][quote=Coronita]Hey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….[/quote]

Netflix continuing to plummet already back to Pre-covid price. All the Covid gains evaporated.
Only a matter of time before they start announcing layoffs, if they aren’t already. This is the .com bust all over again. But only this time it is going to spread to the entire economy.

Mortgage rates also returning to pre-covid level and only going to keep going higher.[/quote]
Sounds like a great buying opportunity to me. NFLX in 2019 has revenue of $20b with profit margin of ~9% and for 2021, revue was almost $30b and profit margin of ~17%.[/quote]

I just do my bi-monthly DRIP investment into index funds and bond index mostly. I don’t need to take excessive risk these days and I don’t have any major expenses each month so I can put $5500/month into investments and $1500/month into my kids custodial accounts on top of my 401k.

I’ll live with the 4% rule : https://www.investopedia.com/terms/f/four-percent-rule.asp

[Anonymous]

And facebook. What is that, 2/5 of FAANG already corrected to pre-covid. Only a matter of time before Apple and Alphabet follow.
And more relevant to housing industry, Zillow, Redfin and Open Door all collapsing to pre-covid levels or all time lows in case of open.

Go ahead and ignore all of this just because you don’t personally own these stocks doesn’t change the fact that a collapse is happening.

[Anonymous]

[quote=an][quote=deadzone][quote=Coronita]Hey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….[/quote]

Netflix continuing to plummet already back to Pre-covid price. All the Covid gains evaporated.
Only a matter of time before they start announcing layoffs, if they aren’t already. This is the .com bust all over again. But only this time it is going to spread to the entire economy.

Mortgage rates also returning to pre-covid level and only going to keep going higher.[/quote]
Sounds like a great buying opportunity to me. NFLX in 2019 has revenue of $20b, profit of $1.9b, with profit margin of ~9% and for 2021, revenue was almost $30b, profit was $5.1b, and profit margin of ~17%.[/quote]

Then go ahead and buy Netflix right now, what are you waiting for. Opportunity of a lifetime!

[an]

[quote=deadzone][quote=an][quote=deadzone][quote=Coronita]Hey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….[/quote]

Netflix continuing to plummet already back to Pre-covid price. All the Covid gains evaporated.
Only a matter of time before they start announcing layoffs, if they aren’t already. This is the .com bust all over again. But only this time it is going to spread to the entire economy.

Mortgage rates also returning to pre-covid level and only going to keep going higher.[/quote]
Sounds like a great buying opportunity to me. NFLX in 2019 has revenue of $20b, profit of $1.9b, with profit margin of ~9% and for 2021, revenue was almost $30b, profit was $5.1b, and profit margin of ~17%.[/quote]

Then go ahead and buy Netflix right now, what are you waiting for. Opportunity of a lifetime![/quote]
Done

[Coronita]

[quote=deadzone]And facebook. What is that, 2/5 of FAANG already corrected to pre-covid. Only a matter of time before Apple and Alphabet follow.
And more relevant to housing industry, Zillow, Redfin and Open Door all collapsing to pre-covid levels or all time lows in case of open.

Go ahead and ignore all of this just because you don’t personally own these stocks doesn’t change the fact that a collapse is happening.[/quote]

Lol. I don’t own facebook either… My dad does when it was $30/share I think. I don’t generally hold individual stocks that my parents own and vice versa.

You’re picking and choosing your winners and losers based on current market price. A danger game of being more wrong that right. no one can “guess” that accurately over a long period of time.

The only 3 techs I own individually are TSM and AMD and Intel, and it’s less than 10% of my total holdings. not really material one way or the other lol. I’m not too worried about it because there’s still a massive chip shortage and it’s getting worse, even more so now that Shenzhen and Changchun are shutdown….Good news for US engineers and manufacturing in the long run. Inflation can actually support US tech wages that previously went overseas..

https://www.wsj.com/articles/covid-19-outbreak-shuts-down-some-china-factories-including-apple-supplier-11647246503

[Coronita]

[quote=an][quote=deadzone][quote=an][quote=deadzone][quote=Coronita]Hey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….[/quote]

Netflix continuing to plummet already back to Pre-covid price. All the Covid gains evaporated.
Only a matter of time before they start announcing layoffs, if they aren’t already. This is the .com bust all over again. But only this time it is going to spread to the entire economy.

Mortgage rates also returning to pre-covid level and only going to keep going higher.[/quote]
Sounds like a great buying opportunity to me. NFLX in 2019 has revenue of $20b, profit of $1.9b, with profit margin of ~9% and for 2021, revenue was almost $30b, profit was $5.1b, and profit margin of ~17%.[/quote]

Then go ahead and buy Netflix right now, what are you waiting for. Opportunity of a lifetime![/quote]
Done[/quote]

You’re brave 🙂

[Coronita]

…and COVID is NOT over… Just look what’s happening in China again….

It’s only a matter of time before it arrives here…

https://www.cnn.com/2022/03/14/china/china-covid-outbreak-monday-intl-hnk/index.html

https://finance.yahoo.com/news/china-locks-down-iphone-tech-235320042.html

https://www.aljazeera.com/news/2022/3/13/china-announces-new-curbs-amid-worst-covid-outbreak-in-two-years

[Anonymous]

[quote=Coronita]
Then go ahead and buy Netflix right now, what are you waiting for. Opportunity of a lifetime![/quote]
Done[/quote]

You’re brave :)[/quote]

Okay we’ll revisit this later in the year and see how you did.
I did a lot of dip buying tech stocks back in 2000. It didn’t work out well for me.

[sdrealtor]

[quote=deadzone]And facebook. What is that, 2/5 of FAANG already corrected to pre-covid. Only a matter of time before Apple and Alphabet follow.
And more relevant to housing industry, Zillow, Redfin and Open Door all collapsing to pre-covid levels or all time lows in case of open.

Go ahead and ignore all of this just because you don’t personally own these stocks doesn’t change the fact that a collapse is happening.[/quote]

I hope you are right. Ive got a house to build and the money to do so. I would love to at a discount

[Anonymous]

[quote=Coronita]…and COVID is NOT over… Just look what’s happening in China again….

It’s only a matter of time before it arrives here…

https://www.cnn.com/2022/03/14/china/china-covid-outbreak-monday-intl-hnk/index.html

https://finance.yahoo.com/news/china-locks-down-iphone-tech-235320042.html

https://www.aljazeera.com/news/2022/3/13/china-announces-new-curbs-amid-worst-covid-outbreak-in-two-years%5B/quote%5D

Well the Covid lockdowns and USG money handouts due to Covid is what I am claiming are over. In other words the Covid economy which includes the insane real estate bubble which is the crown jewel of covid policy accomplishments.

[Author]

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