Back to the Office for Tech Workers

[Anonymous]

[quote=sdrealtor]Uhhhh….no. You are fixated on what you think and want to happen. You were wrong then and still currently wrong on housing. Im over on other threads reporting what actually is happening[/quote]

Zillow further shitting the bed after earnings which indicate dire future for housing market. But sure you can continue living with your head in the sand. Future looks bright. Please, put all your money into NAIL or QQQ. You can get them at a super bargain prices right now. Opportunity of a lifetime.

[sdrealtor]

[quote=deadzone][quote=sdrealtor]Uhhhh….no. You are fixated on what you think and want to happen. You were wrong then and still currently wrong on housing. Im over on other threads reporting what actually is happening[/quote]

Zillow further shitting the bed after earnings which indicate dire future for housing market. But sure you can continue living with your head in the sand. Future looks bright. Please, put all your money into NAIL or QQQ. You can get them at a super bargain prices right now. Opportunity of a lifetime.[/quote]

Zillow is a tech company not a real estate company Larry

[Anonymous]

[quote=sdrealtor][quote=deadzone][quote=sdrealtor]Uhhhh….no. You are fixated on what you think and want to happen. You were wrong then and still currently wrong on housing. Im over on other threads reporting what actually is happening[/quote]

Zillow further shitting the bed after earnings which indicate dire future for housing market. But sure you can continue living with your head in the sand. Future looks bright. Please, put all your money into NAIL or QQQ. You can get them at a super bargain prices right now. Opportunity of a lifetime.[/quote]

Zillow is a tech company not a real estate company Larry[/quote]

Actually it’s both. So indicative of not only the soon to come RE crash but more prominently the Tech crash that is unequivocally occurring right now. Or do you also deny that there is a Tech crash?

So if my nickname is Larry, presumably after Larry David, I take that as a compliment. I love Larry! Meanwhile, an appropriate nickname for you would be “Clementine”, a rather famous Ostrich. You fit that bill perfectly, not only for having your head in the sand, but ostriches also have very small brains.

[spdrun]

Zillow is an insider trading company. They were in the business of buying homes and also claiming to provide impartial valuations.

[sdrealtor]

[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]Uhhhh….no. You are fixated on what you think and want to happen. You were wrong then and still currently wrong on housing. Im over on other threads reporting what actually is happening[/quote]

Zillow further shitting the bed after earnings which indicate dire future for housing market. But sure you can continue living with your head in the sand. Future looks bright. Please, put all your money into NAIL or QQQ. You can get them at a super bargain prices right now. Opportunity of a lifetime.[/quote]

Zillow is a tech company not a real estate company Larry[/quote]

Actually it’s both. So indicative of not only the soon to come RE crash but more prominently the Tech crash that is unequivocally occurring right now. Or do you also deny that there is a Tech crash?

So if my nickname is Larry, presumably after Larry David, I take that as a compliment. I love Larry! Meanwhile, an appropriate nickname for you would be “Clementine”, a rather famous Ostrich. You fit that bill perfectly, not only for having your head in the sand, but ostriches also have very small brains.[/quote]

Betting window remains open Larry

And if you have to explain a nickname it doesn’t work loser

[scaredyclassic]

[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]Uhhhh….no. You are fixated on what you think and want to happen. You were wrong then and still currently wrong on housing. Im over on other threads reporting what actually is happening[/quote]

Zillow further shitting the bed after earnings which indicate dire future for housing market. But sure you can continue living with your head in the sand. Future looks bright. Please, put all your money into NAIL or QQQ. You can get them at a super bargain prices right now. Opportunity of a lifetime.[/quote]

Zillow is a tech company not a real estate company Larry[/quote]

Actually it’s both. So indicative of not only the soon to come RE crash but more prominently the Tech crash that is unequivocally occurring right now. Or do you also deny that there is a Tech crash?

So if my nickname is Larry, presumably after Larry David, I take that as a compliment. I love Larry! Meanwhile, an appropriate nickname for you would be “Clementine”, a rather famous Ostrich. You fit that bill perfectly, not only for having your head in the sand, but ostriches also have very small brains.[/quote]

Larry David is hilarious, but for me, if I watch curb your enthusiasm all in a row, it becomes depressing. It’s very potent stuff, best in small doses.

[Coronita]

Larry, Zillow is neither a tech company or a real estate company. It’s more like wtf holding company that wants to try to “revolutionize” an old school industry led by wall Street bankers….

it’s like carorder.com, carvana, carwoo.

SDR, an, and I talked about this a long time ago, along with Compass. failed business model and this failure is expected. No different than chewy.com, as proven before by pets.com. none of these companies are “tech” companies. They are simply bad ideas lol.

But what Zillow does prove is you are wrong about something you said 16 years ago. That real estate agents will be replaced by tech and low cost companies that can do it for cheaper.

Clearly, you are wrong about this again….because tech can’t replace some sort of human interaction that people expect. Just like zoom and Microsoft teams can’t replace human connection that is often needed for work.

Also some feedback….just because a much of wall street bankers find VC money to invest in putting together a website or mobile app to “revolutionize” an old school industry doesn’t by itself make it a tech company.

[Coronita]

One observation being here in Orlando for work.

Things seem different now here too.
Orlando sfh is now around the $800k range, considerably higher than I remember.

Also, the job market here seems a lot more competitive now for people locally here. We lost more people on the Orlando region to other employers than an any other region. It seems actually we have not lost nearly as much headcount for our west coast or Midwest remote workers. One reason could be we pay for remote workers a lot more competitively than our local FL workers because we (erroneously) think because they are local,we only need to compete with other local employers with presumably a lower payer…

Btw..the disney resort and universal studios resort was packed with people. Onsite resort hotels are booked fully and it’s not even summer yet. Seems like inflation is not curtailing this sort of “staycation” spending. In fact, it seems to suggest there’s more of it…because people aren’t willing/able to spend on those bigger more expensive vacation trips , so more of them are doing the staycations…

I mean check out this Harry Potter themed area @Universal. It’s not even a weekend and not even past noon time, and the place was crowded

[Coronita]

Btw Zillow probably will survive.

Just in a different way.

They have a strong brand, and some of the services they offer is pretty good imho that they can monetize.

Even cheapekake me use their paid rental management services that use to be free. Because it makes things a lot easier.

[Anonymous]

I guess you can decide for yourself what the definition of a “tech company” is. But for the purposes of this discussion, it is any company that hires a large number of software developers and IT personnel, as these are the folks that have been pulling the 300K+ salaries and WFH the last couple of years. So any company with a large on-line presence, which is pretty much the entire Nasdaq.

Which by the way, continues to SHIT THE BED. Again, not a good sign for the future of RE. Companies like Meta and Uber already announcing hiring freezes. Only a matter of time before mass layoffs are announced particularly from the smaller tech companies who will have limited access to capital in this environment. This is .com bust all over again. But it will be far worse because unlike 2000, there is also a housing bubble and everything bubble ready to burst.

[Anonymous]

Tech stock getting completely demolished right now.

https://www.cnbc.com/2022/05/09/techs-latest-ipos-fall-with-robinhood-rivian-uipath-down-over-70percent.html

My how quickly wealth can get vaporized in a market crash.

[an]

[quote=deadzone]Tech stock getting completely demolished right now.

https://www.cnbc.com/2022/05/09/techs-latest-ipos-fall-with-robinhood-rivian-uipath-down-over-70percent.html

My how quickly wealth can get vaporized in a market crash.[/quote]
Hope you follow your own forecast and loaded up on PUTs.

Btw, didn’t you say a gain is not a gain till you sell?

[Coronita]

Thanks for checking in on us, Larry, but we are doing fine :).

Since we own our own houses and are free and clear, so our housing costs are more or less fixed even during inflationary periods.

Also, since some of us work in tech , we don’t double double and gamble a lot on one hit one wonder stock trades as a primary financial strategy. In fact, yesterday was a great day for biweekly DRIP auto invest into index funds.

One of my tenants lease is coming up again too. I’ve already mentioned I’d be raising his monthly to $1650, from $1550 to cover the increased cost from inflation. He wasn’t thrilled but given that a comparable not rents $1850, he isn’t moving.

Business at company is doing fine too. We’re doing like 3x transactions from same time last year… now that people are itching to go in staycations…so our numbers came in way better than expected. Ceo is happy, and we get additional RSU stock grants while the markets are down… Woohoo…

[Coronita]

Larry comes here now…
When the stock market is down…
But leaves when it’s up…

(I like this piggington poem haiku thing…)
More here : https://www.piggington.com/ot_poem

[Anonymous]

Holy crap look at this company Upstart. Shares were $400 back in October, $30 today. Talk about wealth being vaporized. This crash is looking like it may be far worse than the .com crash. And unlike 2000, the Fed really cannot pivot to lowering interest rates given inflation is at 40 year high. This is going to be brutal.

https://www.cnbc.com/2022/05/10/upstart-shares-plummet-after-company-cuts-full-year-revenue-forecast.html

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