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an
Participant[quote=deadzone][quote=sdrealtor]
Speaking of reading comprehension issues someone seems to be stuck on the idea that we need everyone working fully remote to continue the incredible growth around here. We do not! A small handful each month arriving has and will continue to change the housing market around here[/quote]Do you truly believe that fully remote tech jobs are currently and in the future going to be a major contribution to San Diego housing price growth? Fully remote workers can live literally anywhere in the country (or world?). Is it really logical to think they ALL want to move to San Diego which is one of the highest COL areas in the U.S.? But regardless, any way you slice it, the growth rate of tech workers going fully remote is going to be going in reverse with Covid over. I never claimed that fully remote won’t be a thing going forward. But it will never again be at the level of during Covid.[/quote]
I don’t think anyone in their right mind will say the WFH quantity is normal or permanent. After, everyone either was not working or WFH during part of COVID. So, we’ll never see that again, unless we see another pandemic like COVID.Isn’t that the definition of a strawman argument?
Participant[quote=sdrealtor]Agreed! It will just be some else’s lifetime[/quote]
You will never know… No one predicted what happened over the last couple of years. Would be insane if we do see a repeat of the 70s to mid 80s. Would be awesome to see 5-10x gains LoL. Only hindsight will we know if it’ll be an opportunity of a lifetime or not. Let’s revisit this thread in 2035.Participant[quote=sdrealtor]meanwhile out on the streets heard about a few more properties with over 20 offers each in the last week[/quote]Bubble! have you not learn anything from 2008?
Participant[quote=sdrealtor]Always a bridesmaid never the bride[/quote]
LoLI don’t know what I’m hoping for more, repeat of 2008 or repeat of late 70s. Either way, there will be a lot of pain for a lot of people. So, maybe neither.
Participant[quote=deadzone][quote=an] I don’t bet on one direction or another.[/quote]
You literally just placed a bet that Neflix was going to go higher.[/quote]
If you just read the other post that you responded you, then you would understand.BTW, how much PUT did you buy over the last few months? You must be killing it over the last few months shorting NFLX and other tech stocks.
Participant[quote=deadzone][quote=an][quote=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[/quote]
Me too, I would love to see a repeat of 2008 where lending, labor and material cost is dirt cheap.[/quote]yes now you guys are getting it, Deflation is awesome.
I look forward to the return of the 5 for 5$ deal at Petco park. 2009/2010 timeframe, Padres games were great back then.[/quote]
LoL, what are you talking about? I took advantage of the last great recession and have been taking advantage of the current crazy inflation as well. Like sdr said, I don’t bet on one direction or another. I’ll be happy if we see a repeat of 2008 and I’ll be happy if we see a repeat of the late 70s. I’m set up to take advantage, regardless of which way it swings.Inflation is AWESOME too. I’m loving the last couple years of this massive inflation.
Participant[quote=deadzone][quote=an][quote=deadzone]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.[/quote]
I bought Jan 2024 call, so I have almost 2 years to capture my gain.[/quote]Strike price?[/quote]
360Participant[quote=deadzone]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.[/quote]
I bought Jan 2024 call, so I have almost 2 years to capture my gain.Participant[quote=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[/quote]
Me too, I would love to see a repeat of 2008 where lending, labor and material cost is dirt cheap.Participant[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]
DoneParticipant[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%.ParticipantNew high watermark for Mira Mesa: https://www.redfin.com/CA/San-Diego/7885-Norcanyon-Way-92126/home/4555873
Wonder when MM will have its first multi-million $ home.
Participant[quote=Coronita][img_assist|nid=27539|title=Nc|desc=|link=node|align=left|width=1000]
https://www.piggington.com/nc?size=_original%5B/quote%5D
Loving this! Let’s see if we can wrap up the year with 20% increaseParticipant[quote=deadzone]There is no way stock market crashes without taking RE market with it, and vice versa. Both bubbles were fueled by the same source.[/quote]
History says it’s very possible. Look at the DOW between 76-82 and see what RE price was between those 6 years. Same goes for 99-2003. -
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