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an
Participant[quote=deadzone]Well if the Fed does not reverse course, at least my gold will go through the roof in that scenario. But we’ll see within a matter of months, just how well Americans can handle this level of inflation before there is chaos in the streets.[/quote]
Inflation was much worst in the 70s and the American people handled it for many years. We barely just got started.Participant[quote=deadzone]Sorry, there is nothing in the history of monetary policy that compares what the Fed has done with QE. So if they do in fact reverse course, it will be an absolute blood bath in the markets.[/quote]
I doubt that would happen. So, IMHO, you’re talking about the improbable probability.ParticipantI wonder what housing did between 2002-2012 after the .com crash in 2001-2002.
Someone seems to be married to one potential outcome. I personally think we’re more likely to see a repeat of the 70s than 2008. But I’m ready for both.
I agree with sdr that RE was an opportunity of a life time if you had the gut to buy between 2009-2019.
Participant[quote=deadzone]That’s the spirit!
A crash/correction will be a good thing for the country. I don’t understand why it hurts SDR and some others so much to think about it. If his financial ducks were in a row, he would be able to get behind a crash too! But I’m just pointing out the obvious signals are flashing RED right now.[/quote]
The country would disagree with you that a crash would be good. Many people were hurt the last time around. The rich people were the ones who were able to take the most advantage of the last crash.Either way, I’m set up to take full advantage of whether we see a crash or a repeat of 1970s
Participantsdr, exactly! There are many things we can’t change and don’t agree with. That doesn’t mean we can’t take advantage of the situation. Prop 13 and the environmentalists are the reasons I will keep on buying and not sell. At this point, I’m just hoping dz is right, so I can buy more if we see another crash. So, bring it! I’m ready!
Participant[quote=deadzone]And yet you keep deflecting the fact that RE is on fire all over the country. Do you really believe that San Diego is somehow immune to the bubble bursting? Yet so much of the wealth and RE gains in San Diego are a direct result of the bubble inflating?[/quote]
So, when do you expect this bubble to pop like 2008?Participant[quote=sdrealtor]SD 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[/quote]
CraneTown, love it! Opportunity of a life time for sure.Participant[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.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.Participant[quote=Coronita]
I mean, let’s think about this. When that new MM 3Roots community started taking waitlists for new home buyers, there were 14k+ people on a waitlist for 200 homes, and that’s before they stopped taking additional people on the wait list….Think about that… That’s a 70:1 ratio….
How bad does the real estate market have to get to knock off demand when it’s a 70:1 ratio[/quote]
When 3Roots first started, Lennar’s biggest model in Alta development started out at low $1m. Then when it gets more concrete, they say starting at $1.3m. Now, it’s going for $1.65m+. All in the span of 6 months. Now, the bigger question is, can you even get pick to buy the place.Participant[quote=deadzone]
So you are cherry picking here it would seem. Also are you claiming that all of these companies are 100% remote permanently? If so, have they all sold off their office space that existed pre-Covid? I’ll believe a company is going full remote when they dump all of their office space.[/quote]
Not cherry picking, just going down the list of companies on the first page. Do you think they’ll hire a bunch of remote people only to fire them a few weeks/months later because they won’t relocate?Life is not black and white and I never said all. like sdr said, there will be a lot of exceptions. The office environment is not going back to pre-covid. Things have changed and will continue to evolve as different companies find their new culture.
Participant[quote=deadzone]All the big companies are going back to the office to some degree or another. Just because you don’t agree with it, or your little po-dunk companies are fully remote, doesn’t change that fact.[/quote]
I guess Meta is not big.Twilio with 5-10k employees is not big. Twitter with 1-5k employees is not big. ZenDesk with 1-5k employee is not big, SquareSpace with 1-5k employee is not big, Oracle with 10k+ employees is not big, DocuSign with 5-10k employee is not big, VMWare with 10k+ employees is not big, I can go on and on. You can easily do a search on LinkedIn for Director Of Engineering and filter for only Remote (LinkedIn have this filter now, shows you where the demand is at) and you’ll see 40 pages of jobs open today that’s 100% remote.
Participant[quote=JPJones]Hey slight tangent, do any of you watch commercial real estate? Relevant to this topic, I’ve had a decent number of friends and former colleagues mention their companies either sold or let their office leases expire to go permanently remote.[/quote]My old company went fully remote mid 2020 and never looked back. Sub-leased their office and have grown dramatically over the last year and a half. With their work force everywhere in the world now AND several people I know who still work there have moved to other city/state, I don’t see them changing course and firing anyone.
ParticipantI keep on getting blown away about this prices this spring. I would have never imagined we’re talking about low to mid $1m in Mira Mesa: https://www.redfin.com/CA/San-Diego/11122-Avenida-Del-Gato-92126/home/4529475
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