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Coronita.
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March 3, 2022 at 8:51 PM #824049March 3, 2022 at 9:14 PM #824050
flyer
ParticipantAlthough a valid concern, I agree that if the intent of the post is to determine if San Diego and housing in other desirable locations is suddenly going to collapse because of a change in the working status of tech workers, imo, that’s very unlikely to happen, for all of the reasons that have already been mentioned.
There are definitely many issues that could subdue the current frenzy, and/or even cause some type of correction in real estate markets, but, as an investor, if you’re not over leveraged, that’s not a problem. The demand for housing is coming from many sectors of society, not just one, and, imo, that overall demand will continue to far outweigh the supply for many years to come–we shall see.
March 3, 2022 at 10:19 PM #824051March 4, 2022 at 12:04 AM #824053CoronitaParticipantOh my god. This is hysterical….
March 4, 2022 at 12:33 AM #824052CoronitaParticipant[quote=sdrealtor]https://sandiegolifechanging.org/blog/unicorns-are-real-san-diego-startups-to-watch/[/quote]
I didn’t know ShieldAi and Drata are unicorns. Oops. Interesting . I know a couple old colleagues from Carlsbad tech community went to both when they were still in their Series A, some ex-GoPro folks too.
Seismic is also on that list. They’ve been around for some time. I think one of my old neighbors was a founding member ….I forget what they do.
ClickUp was one of the Bay Area startup that moved here to SD.
I think also Kandji is close on this list. They got their Series C round of investment back in November. $100m or something like that. Mac OSX MDM player.
Kandji pulls in $100M Series C on $800M valuation, up 10x since last year
It will be interesting to see if Apple buys them or squeezes them out. I think the latter since Apple does that to small companies.
Show me.the money.
March 4, 2022 at 7:04 AM #824054sdrealtor
Participant[quote=Coronita][quote=sdrealtor]https://sandiegolifechanging.org/blog/unicorns-are-real-san-diego-startups-to-watch/[/quote]
I didn’t know ShieldAi and Drata are unicorns. Oops. Interesting . I know a couple old colleagues from Carlsbad tech community went to both when they were still in their Series A, some ex-GoPro folks too.
Seismic is also on that list. They’ve been around for some time. I think one of my old neighbors was a founding member ….I forget what they do.
ClickUp was one of the Bay Area startup that moved here to SD.
I think also Kandji is close on this list. They got their Series C round of investment back in November. $100m or something like that. Mac OSX MDM player.
Kandji pulls in $100M Series C on $800M valuation, up 10x since last year
It will be interesting to see if Apple buys them or squeezes them out. I think the latter since Apple does that to small companies.
Show me.the money.[/quote]
So many forces converging here now. It’s not just the wfh trend. The growth of this place is palpable in ways it’s never been before
March 4, 2022 at 9:18 AM #824055ParticipantYes, those opportunities are extremely exciting–sons keep me clued in on all investment ops.
With so much growth in San Diego, and so little housing supply, barring extreme effects from black swan events–which seem to be more likely everyday–there’s really no place for real estate to go but up.
Even if there is a correction in real estate from a dramatic change in life as we know it, I think San Diego has a better chance of weathering storms to a greater degree than many locations, so we should all be very glad we’ve taken advantage of these great opportunities before everyone decided to come to the party.
March 4, 2022 at 9:21 AM #824056an
Participant[quote=Coronita][quote=sdrealtor]https://sandiegolifechanging.org/blog/unicorns-are-real-san-diego-startups-to-watch/[/quote]
I didn’t know ShieldAi and Drata are unicorns. Oops. Interesting . I know a couple old colleagues from Carlsbad tech community went to both when they were still in their Series A, some ex-GoPro folks too.
Seismic is also on that list. They’ve been around for some time. I think one of my old neighbors was a founding member ….I forget what they do.
ClickUp was one of the Bay Area startup that moved here to SD.
I think also Kandji is close on this list. They got their Series C round of investment back in November. $100m or something like that. Mac OSX MDM player.
Kandji pulls in $100M Series C on $800M valuation, up 10x since last year
It will be interesting to see if Apple buys them or squeezes them out. I think the latter since Apple does that to small companies.
Show me.the money.[/quote]
Yep, Drata is blowing up quick! Their ARR growth is phenomenal. Between them and ClickUp, I think they’ll be big for the San Diego scene. Not to mention Apple, Amazon, and Google are all hiring here with the first 2 is dramatically hiring. I know Amazon is trying to poach from Intuit and Apple from QCOM. Will be fun to watch from the sideline as they push up the SD’s salary band.March 4, 2022 at 9:32 AM #824058ParticipantGreat–and they’ll all need housing–fantastic!
March 4, 2022 at 9:55 AM #824059ParticipantLast year looking at data I thought 10% appreciation was in the bank. We already got it in the first two months though it will take a while for the data showing that to come in. Happy for all of us who got in when they could. Truly the opportunity of a lifetime!
March 4, 2022 at 9:57 AM #824060Participant[quote=sdrealtor]Last year looking at data I thought 10% appreciation was in the bank. We already got it in the first two months though it will take a while for the data showing that to come in. Happy for all of us who got in when they could. Truly the opportunity of a lifetime![/quote]
Hell yeah! It’s definitely the opportunity of a lifetime. I wish I had bought more between 2009-2014.March 4, 2022 at 11:02 AM #824061CoronitaParticipant[quote=an][quote=Coronita][quote=sdrealtor]https://sandiegolifechanging.org/blog/unicorns-are-real-san-diego-startups-to-watch/[/quote]
I didn’t know ShieldAi and Drata are unicorns. Oops. Interesting . I know a couple old colleagues from Carlsbad tech community went to both when they were still in their Series A, some ex-GoPro folks too.
Seismic is also on that list. They’ve been around for some time. I think one of my old neighbors was a founding member ….I forget what they do.
ClickUp was one of the Bay Area startup that moved here to SD.
I think also Kandji is close on this list. They got their Series C round of investment back in November. $100m or something like that. Mac OSX MDM player.
Kandji pulls in $100M Series C on $800M valuation, up 10x since last year
It will be interesting to see if Apple buys them or squeezes them out. I think the latter since Apple does that to small companies.
Show me.the money.[/quote]
Yep, Drata is blowing up quick! Their ARR growth is phenomenal. Between them and ClickUp, I think they’ll be big for the San Diego scene. Not to mention Apple, Amazon, and Google are all hiring here with the first 2 is dramatically hiring. I know Amazon is trying to poach from Intuit and Apple from QCOM. Will be fun to watch from the sideline as they push up the SD’s salary band.[/quote]
….and housing and rental costs…March 4, 2022 at 11:42 AM #824062Anonymous
GuestAnd yet real estate has been and continues to be on fire throughout the US since Covid. In some cities more so than San Diego. This suggests that Covid policy (i.e. Fed money printing) is a far larger influence on this red hot RE market than the so called “unicorn” companies in San Diego. I’m not suggesting that SD isn’t growing and in better position than many other cities. But let’s be realistic here. The Covid market is on fire due to Covid policies.
March 4, 2022 at 2:04 PM #824063CoronitaParticipant[quote=deadzone]And yet real estate has been and continues to be on fire throughout the US since Covid. In some cities more so than San Diego. This suggests that Covid policy (i.e. Fed money printing) is a far larger influence on this red hot RE market than the so called “unicorn” companies in San Diego. I’m not suggesting that SD isn’t growing and in better position than many other cities. But let’s be realistic here. The Covid market is on fire due to Covid policies.[/quote]
So now you’re deflecting and arguing SD housing demand isnt growing due to job expansion despite what reports says about job expansion in SD.
Interesting.
Um ok.
I’m really curious though… If you’re expecting a lot of higher compensated people suddenly are jobless , what makes you think you won’t be and would be in a better financial situation then them.
March 4, 2022 at 2:07 PM #824064ParticipantSD was on fire before COVID. Has the COVID market had an influence here? Absolutely and no one here has ever said otherwise. What we have been saying all along is that there is a lot going on here. Not one thing but multiple things that have been building for quite some time. That is why so many here hopped onto the opportunity of a lifetime between 2009 and 2012 that are now reaping rich rewards. I spent my morning running around CraneTown and counted a dozen massive cranes working in the Golden Triangle. They aren’t building houses, they are building jobs while others missed out on the opportunity of a lifetime
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