Back to the Office for Tech Workers

[spdrun]

[quote=CDMA ENG]
I work longer hours because the team of people that I supported were people I respected and actually love. What hours I give to the company to get ahead or to support my friends are purely my business and my decision.[/quote]

If it’s your decision, it’s fine. If everyone does it and it establishes a norm that hurts others, that’s not so great. No. New. Normal!

This being said, I often pick up for others that are having issues that keep them from working on a given day.

[flyer]

[quote=sdrealtor]You are locked in by high capital gain taxes and low property taxes. Death and prop 19 changes that but it’s gonna take a while. Someday the future Silver Spooners in your family will sell them maybe sooner than you think. But it’s not gonna happen en masse for at least a decade or two. Not our problem[/quote]

I’m sure they’ll find a way to make it work–I’m not worried about it–but, my point, per this discussion, was that, like you, I don’t think where people physically work will have any real effect on the future of the housing market. Sure, the market could rise or fall for other reasons, but I don’t think that will be one of them.

[sdrealtor]

Of course they’ll find a way to make it work. When death comes they will get a step up in basis so they can sell tax free properties that lost decades old assessed real estate tax values. They’ll take the money and invest it in higher yielding opportunities than SD real estate as they should but again not our problem

[Coronita]

[quote=sdrealtor]Of course they’ll find a way to make it work. When death comes they will get a step up in basis so they can sell tax free properties that lost decades old assessed real estate tax values. They’ll take the money and invest it in higher yielding opportunities than SD real estate as they should but again not our problem[/quote]

Well, Prop 19 already eliminates keeping the primary home’s tax basis unless the kids end up living in the home, and it’s only for the amount up to $1million, which pretty much eliminates most homes now in SD County from a complete prop tax carryover.
There was a lot of people trying to work around this but it involved putting your kids on the deed… Honestly though, for someone that did well in real estate in CA not carrying over the property tax basis isn’t really a big deal if your real estate is now worth a few million.

The other issue is the capital gains step up cost basis. That’s nice, but you can count on that being eliminated one of these days if the democrats maintain a significant majority in our government or at least eliminated for most people who have a accumulated a decent nest egg.

However, I think well off people can work around that too. Flyer you should be aware of these accounting tricks and tax strategies. For example, using Annuities and Life Insurance which have very favorable tax treatments and also Irrevocable Trusts and Corps which potentially can allow the entity to persist and maintain many tax benefits, at a cost of the issue of a lot of paperwork and possible double taxation. Things you should be very familiar with if you are indeed wealthy, or if you were just given your wealth without the practical operating knowledge, your parents or your spouse’s parents probably already figured it out with your the family CPAs for you.

[Coronita]

[quote=spdrun][quote=CDMA ENG]
I work longer hours because the team of people that I supported were people I respected and actually love. What hours I give to the company to get ahead or to support my friends are purely my business and my decision.[/quote]

If it’s your decision, it’s fine. If everyone does it and it establishes a norm that hurts others, that’s not so great. No. New. Normal!

This being said, I often pick up for others that are having issues that keep them from working on a given day.[/quote]

I think you are worrying too much. I don’t think most employers will force their employees to be remote workers only…just like not all employers will force workers back into the office. There will be a mixture of both and varying degree in between so good talent should be able to find an environment that works best with their lifestyle and abilities. That’s the key.

I think the better employers are making changes in the workforce mainly to improve flexibility and using it as one more tool to attract and retain good talent without competing with raw salary/bonus/stock dollars. And there’s plenty of cases where it does not affect productivity. Most companies will offer some hybrid model of both in person and remote option, again of varying degree. My company just makes you pick one so you are accountable where you are, whether it’s fully in person, fully remote, or hybrid (and then you need to give a concrete plan on which days you are in).

Speaking of which. Are you working for a company now? I thought you were BYOB and hated working for a company and had your own business. If you are BYOB, this shouldn’t matter to you since then you make your own rules, to some extent. If you decided to join a company as an employee, it really isn’t as bad as you make it out to be. There’s pros and cons for everything. There’s a lot of things you don’t need to worry about now. And you can always do both too, best of both worlds (or worst of both worlds, depending on how you look at it)…

If you think about it, it’s just making what use to be regular jobs more flexibility that some BYOB people use to say was one of the main virtues of BYOB instead of being an employee for someone else. Now, if you want to take time off during the day for some non-work related things, you no longer have a rigid schedule (not that I ever felt I couldn’t do that before)…

[flyer]

Not to worry–we’re all set–not a problem. And, yes, when death comes–as it will to all–the step up in basis will become one of their best friends. Of course, as mentioned, they might also continue to take advantage of other higher yielding opportunities other than SD real estate, as we all have.

My point, per this thread, was that many people are keeping properties for many reasons, rather than selling, again limiting the number of homes on the market–and, especially, if the escalation in prices continues, imo–this trend will only increase as time goes on–having, possibly, an even greater impact than whether people work at home or in an office.

[sdrealtor]

[quote=flyer]Not to worry–we’re all set–not a problem. And, yes, when death comes–as it will to all–the step up in basis will become one of their best friends. Of course, as mentioned, they might also continue to take advantage of other higher yielding opportunities other than SD real estate, as we all have.

My point, per this thread, was that many people are keeping properties for many reasons, rather than selling, again limiting the number of homes on the market–and, especially, if the escalation in prices continues, imo–this trend will only increase as time goes on–having, possibly, an even greater impact than whether people work at home or in an office.[/quote]

Live your best life!

[flyer]

Hope we all can!

[The-Shoveler]

Covid-19 cases, hospitalizations and deaths are approaching or surpassing record highs across Europe just weeks after countries lifted pandemic restrictions and outlined plans to live with the virus, which could be a warning sign for the U.S.

[Coronita]

[quote=The-Shoveler]Covid-19 cases, hospitalizations and deaths are approaching or surpassing record highs across Europe just weeks after countries lifted pandemic restrictions and outlined plans to live with the virus, which could be a warning sign for the U.S.[/quote]

Yes, which is why I’m still wearing my masks.

[Coronita]

Dude AN, your Netflix options are totally in the money now. You’re killing it.

My Pfizer and Merck are back to pre-crash values slightly above break even.

4th round of boosters anyone? 🙂

[an]

[quote=Coronita]Dude AN, your Netflix options are totally in the money now. You’re killing it.

My Pfizer and Merck are back to pre-crash values slightly above break even.

4th round of boosters anyone? :)[/quote]
Yep, have to thank dz for that one. I wasn’t even looking at NFLX until this thread.

[flyer]

We’re all planning on 4th boosters as soon as approved for everyone, and still masking in most public places, except outside, etc. I knew the minute they relaxed the restrictions this was going to happen, so here we probably go again. Flu infections are up also.

From what I understand, the variants will just keep mutating, and finding hosts, mostly in the unvaccinated (even though those who are vaccinated and boosted are still at risk) which starts the cycle all over again.

The only good thing about the pandemic has been some of the investments we’ve made, but I’d rather see everyone healthy instead.

BTW it’s been gorgeous outside. Whatever you love to do outside–this is a great time–before the tourists hit the beaches and everywhere else–enjoy!

[spdrun]

I’m pro-vaccine, but I’m not planning a fourth shot until there’s one that’s variant-specific. Also, I was sick as a fucking dog for three Gaht damn days after my third (Moderna), even though I got it 10 months after my 2nd shot … this seems to argue for my immunity not waning all that quickly.

[sdrealtor]

[quote=flyer]Hope we all can![/quote]

You can do it!

[Author]

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