Forum Replies Created
-
AuthorPosts
-
an
Participant[quote=sdrealtor]You missed one major reason prices shot up also. After living through COVID a lot of people’s preferences have changed. People got used to spending more time at home and want nicer homes. That’s unlikely to revert[/quote]
That’s transitory tooParticipant[quote=deadzone][quote=an]
Yep. Also, for every 1 big company that make their employee goes back to work, there are a few not as big that are going fully remote. Here are some:
Stripe, Shopify, Twilio, Jobot, CloudApp, Slack, Meta, SalesForce etc.Even Amazon is still advertising for remote positions on LinkedIn.
Also, good luck to the companies who try to tell their engineers to go back to the office after they have already moved. I doubt they’ll fire them lol.[/quote]
Those “fully remote” companies you list are all getting pummeled in the market right now. You leave Amazon to work at Shopify for remote work, you take a chance you get laid off in short order. At this rate there are massive layoffs coming at these unprofitable tech companies.[/quote]Stock price is not the same as company health. Shopify revenue is growing, profit is growing, profit margin is growing. So, I doubt anyone would be concerned. If there is a layoff, companies tend to lay off the lower performer and/or those they wanted to fire but can’t for whatever reason.
Participant[quote=deadzone][quote=an]
Yep. Also, for every 1 big company that make their employee goes back to work, there are a few not as big that are going fully remote. Here are some:
Stripe, Shopify, Twilio, Jobot, CloudApp, Slack, Meta, SalesForce etc.Even Amazon is still advertising for remote positions on LinkedIn.
Also, good luck to the companies who try to tell their engineers to go back to the office after they have already moved. I doubt they’ll fire them lol.[/quote]
Those “fully remote” companies you list are all getting pummeled in the market right now. You leave Amazon to work at Shopify for remote work, you take a chance you get laid off in short order. At this rate there are massive layoffs coming at these unprofitable tech companies.[/quote]Stock price is not the same as company health. Shopify revenue is growing, profit is growing, profit margin is growing. So, I doubt anyone would be concerned. If there is a layoff, companies tend to lay off the lower performer and/or those they wanted to fire but can’t for whatever reason.
Participant[quote=deadzone]
And let’s face it, if hiring 100% remote is fully normalized, why would I hire a San Diego engineer at 200K when I can get the same productivity out of an Indian engineer for 50K or less?[/quote]
LoL, no, just no.Participant[quote=Coronita]Well anecdotal story… I have a friend who works at a small biotech company. She’s on the administrative staff and they and support were all told to go back to the office starting next week…
However all the scientists and researchers…They are allowed to work remotely indefinitely.
Now this might seem a bit unfair, because it is. But you know why the company did this, right?
The company views the administrative staff as easily replaceable so they get treated like crap. And their philosophy is well if you quit go ahead we’ll just find a replacement.
However, when it comes to the scientist and engineers. It seems like they don’t want to fvck with them, because I guess if they said the same thing, the scientist and engineers would just walk across the street to a competitor.
Go figure.[/quote]
Yep. Also, for every 1 big company that make their employee goes back to work, there are a few not as big that are going fully remote. Here are some:
Stripe, Shopify, Twilio, Jobot, CloudApp, Slack, Meta, SalesForce etc.Even Amazon is still advertising for remote positions on LinkedIn.
Also, good luck to the companies who try to tell their engineers to go back to the office after they have already moved. I doubt they’ll fire them lol.
Participant[quote=flyer]Have never seen such a fantastic real estate run-up in my lifetime–but where things go from here is still a mystery, and the Russia situation may become a thing–or not. As always, probably best to be prepared on all fronts for whatever happens.[/quote]
Never? Not even in the 70s?Participant[quote=DaCounselor]When and how does this rocket ride end, we are pulling major G’s.[/quote]
My crystal ball is broken, but I hope it’ll end the way it ended in the early 80s. I wouldn’t mind 5-10x increase in valuation over 10-15 years.Participant[quote=sdrealtor][quote=Escoguy][quote=jmw][img_assist|nid=27501|title=MM|desc=|link=node|align=left|width=100|height=78]
If you had told me 10 years ago one of the standard models in Mira Mesa would sell for $1m…[/quote]When I see this, I realize my projection of 1400 sf in 4S at 1.2M isn’t far off.[/quote]
As you know a 1400 sf 4S house is a detached condo and really more townhouse than sfr. Pricing is knocking on the door of that level and there is nothing for sale
I never saw this coming but feel like we are heading toward Silicon Valley pricing down here unless something changes quickly. I hope Im wrong[/quote]
I have my fingers and toes crossed that you’re right 😀ParticipantYes, if you can find one you like and want to live in.
Participant[quote=deadzone][quote=Coronita]Just got out of a compensation/merit increase meeting today.
Standard merit increase will be moved up to Jan this year.
Standard merit increase will be 5% minimum and 15-20% bonus + TBD stock grants. I have some discretion for some to jack it up to 8% for those considered flight risk, which is basically my entire senior staff.From a cheap company like mine, that says a lot. Employee retention is a big concern=> wage inflation.[/quote]
Regarding flight risk for your senior people, why is this all of a sudden an issue? Are there really less people in the labor force for your industry than before Covid? Or alternately is there really that much more work? Did Covid create significantly more demand for smart phone apps?[/quote]Econ 101,simple supply vs demand.
ParticipantIt’ll be interesting to see if we’ll break the $1m mark for the median price by the spring.
Participant[quote=sdrealtor][quote=gzz]Depreciation and deflation have actual definitions in economics, and not the way you use the words. The decrease in the market price of a new product over time is the latter, not the former.[/quote]
An iPhone 11 is not a new product. It’s a clearance item on the clothes rack with the rest of the men’s medium and small sizes. The iPhone 13 is a new product[/quote]
Nordstrom Rack vs Nordstrom, Off 5th vs Saks, etc.Participant[quote=teaboy][quote=sdrealtor]And the inflationary is not transitory now. If things go back down substantially we can say yes it was but for now its inflation. Only in the future can you make that claim. If prices dont pullback it wont have been transitory now wouldnt it[/quote]
“Transitory” inflation could mean one of three scenarios:
1.Prices rise and plunge.
2.Prices rise and stay where they are.
3.Prices rise and continue to rise, but more slowly.
https://www.globest.com/2021/08/25/when-transitory-inflation-really-means-dont-worry/#:~:text=Inflation%20has%20wreaked%20havoc%20on,apartment%20materials%20are%20no%20different.&text=%E2%80%9CTransitory%E2%80%9D%20inflation%20could%20mean%20one,to%20rise%2C%20but%20more%20slowly%5B/quote%5D
That literally explain the last century. So, I guess inflation over the last century is just transitory. Nothing to see here. lolParticipant.
-
AuthorPosts
