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an
Participant[quote=flyer]We here are all very fortunate that our kids have, or will have, great careers and help from their families wrt their desired (desired being the key word, as most would probably not want to live in the less expensive alternate options) housing, but this article highlights the affordability issue facing many in America. As expected, San Diego is on one of the charts.
https://nypost.com/2022/03/17/61-of-renters-in-the-us-cant-afford-to-buy-a-home-in-their-city/%5B/quote%5D
I have the desire to get one of those lots over looking the Pacific in La Jolla Farms. Unfortunately, like most people, I have to settle for a place I can afford.Participant[quote=deadzone][quote=an][quote=deadzone]I don’t represent the younger generation who has no shot at ever owning a house in the present situation.[/quote]
Two Sr. Software Engineers with 3-5 years of experience can probably make $130-150k. That’s a combine income of $260-300k/year. They can easily qualify for $1m house. So, I don’t know what you’re talking about.[/quote]So you have to be software engineer, and be married to another software engineer, to afford a house? Okay got it. Sounds like the younger generation has nothing to worry about.[/quote]if you want to live in a million dollar house, of course! Not a house, a million dollar house. There are plenty of houses in this vast country that’s well less than a million dollar.
Participant[quote=sdrealtor]Uhhh no! If you follow where I actually report data and what is going on you will see my opinion is very balanced and I don’t take one side or the other. You were calling for a national crash because you can’t afford it here. Most of the country is not priced like this and in most places the younger generation who work hard and save can easily purchase a home. It’s sad that you won’t admit it’s all about you and your failures[/quote]
The irony is that, with remote work, it would allow for the young generation to be able to buy a home much more easily. So, if deadzone really cares about the younger generations, he would be screaming at the rooftop for more remote work. Imagine making San Francisco pay but live in Fresno. You can probably have the house paid off in 3-5 years.Participant[quote=deadzone]I don’t represent the younger generation who has no shot at ever owning a house in the present situation.[/quote]
Two Sr. Software Engineers with 3-5 years of experience can probably make $130-150k. That’s a combine income of $260-300k/year. They can easily qualify for $1m house. So, I don’t know what you’re talking about.Participant[quote=sdrealtor]Walmart is working on a big push into eHealth. They’ll be one of the biggest providers of primary care in a few years. Amazon is also[/quote]
I thought tech is dying?Participant[quote=XBoxBoy][quote=deadzone]Covid is over now for all intents and purposes. Amazon announced return to the office (3 days a week) and no longer requiring vaccine.
[/quote]Funny how things change with time. The above quote is from the very first post of this thread on Feb. 23rd. But today, Covid is more active than then, and just the other day the head of Amazon’s recruiting replied to Elon Musk’s demand that workers return to the office with this:
“If the Emperor of Mars doesn’t want you, I’ll be happy to bring you over to #AWS. If you don’t like to be micromanaged by the Elon Musk’s of the world, come to #AWSIdentity!”[/quote]
https://www.msn.com/en-us/news/technology/recruiters-at-major-companies-like-amazon-are-going-after-tesla-employees-angered-by-elon-musk-s-return-to-office-demand-if-the-emperor-of-mars-doesn-t-want-you-i-ll-be-happy-to-bring-you-over/ar-AAY2ynH?ocid=uxbndlbingAnd then there’s more.
https://www.businessinsider.com/musks-back-to-the-office-demand-like-something-1950s-2022-6?inline-endstory-related-recommendations=Would be interesting to see massive poaching from companies like tesla.
Participant[quote=deadzone]I don’t have time to go through your entire dissertation on this subject, but once again it looks like you are drunk and typing random keys on your computer.
Just look at yourself in the mirror, how much of your net worth (i.e. Wealth) is tied up in RE and Stocks? Almost all of it I will go out on a limb? That would explain why you are so defensive whenever anyone brings up the topic of RE or stock market crashing.[/quote]
You literally described most, if not all, people who have any wealth in this country.Participant[quote=deadzone][quote=flyer]dz, I think you might underestimate the many sources of wealth some have, other than the obvious, and who have been living the lives they want to live for many years mostly independent of market conditions.
Per this discussion, whether this, or other demographics are large enough to sustain the continued acceleration of pricing in the real estate market remains to be seen, and should be interesting to watch.[/quote]
There is no doubt the primary source of wealth in the U.S. comes from RE and Stock appreciation. If those markets take a 30 or 40% haircut, the reverse wealth effect will be staggering.[/quote]
There’s no doubt that when we see a crash, the poor and middle class will be hurt the most and the wealthy will be swooping in the pick up these assets at dirt cheap price and get that much richer. Wealth gap will grow.Just like what happened in 2008, buyers at the bottom were the wealthy buying all cash while the sellers are the poor and middle class people who had to short sale or got foreclosed on.
Participant[quote=JPJones]Yeah, and I know you guys prefer hard data, but another rumor is that roughly half of his devops team don’t have desks to sit at or parking. Add to that how most of the new hires over the past 2 years don’t live near a Tesla office and Musk just ends up looking like an out of touch clown.[/quote]
Well, maybe he can take the $ saving from cutting 10% of his workforce to expand the office to accomodate for all the new people they hired over the last 2 years but don’t have a desk for. Not to mention, cramming people into tight spaces is so Pre-COVID, so, gotta spend even more money to build even bigger offices, lolParticipant[quote=JPJones][quote=an][quote=JPJones]Well, there it is:
Word is he walked back his full-time-in-the-office ultimatum, too, to just 2-3 days a week with first-come-first-served seating. This guy is scumbag, not a leader.[/quote]
Not surprised at all to anyone who actually know about the tech job market and have a pulse in tech employee satisfaction.[/quote]Yup! I was just following up on my previous comment where I said as much.[/quote]I 100% agree. Musk can flex his muscle all he wants, but the power right now is in the employee’s hands. He just have to hope that his engineers wants to come into the office.
Participant[quote=deadzone]I think you greatly over-exaggerate how many people have “Fuck You money”. Fact is there will be industry wide layoffs this year, a lot of folks who were previously making big salaries will be on unemployment. That is not good for housing market.[/quote]
We have 6 months left in this year. Lets revisit in 6 months to see…Participant[quote=JPJones]Well, there it is:
Word is he walked back his full-time-in-the-office ultimatum, too, to just 2-3 days a week with first-come-first-served seating. This guy is scumbag, not a leader.[/quote]
Not surprised at all to anyone who actually know about the tech job market and have a pulse in tech employee satisfaction.Participant[quote=deadzone]Then why are you gloating about NAIL going up 10% in 3 days? Sounds like day trading to me. NAIL or any 3x leveraged fund is a short term day trading investment.[/quote]
Because you dare me to buy it, so I did. I still haven’t sell it yet. Bought it since early April and have been adding to it. How’s holding onto something for a couple of months day trading? At the very least, it’s month trading and not day trading.Participant[quote=deadzone][quote=an][quote=deadzone]Yes, and that is relevant if you actually owned NAIL, or more specifically if you had somehow timed the dip perfectly and bought it 3 days ago. But you didn’t. If you want to roll the dice, buy some NAIL at today’s price and let’s see how that works out.
But you are correct in pointing out that up till now the Homebuilder stocks have been amazingly resilient given the rising interest rate environment. I don’t think the future bodes well for them but we’ll see.[/quote]
What make you think I don’t? As for buying more… why? Instead of talking about it, why don’t you buy some PUTs.But you’re right, you timed it perfectly and I didn’t listen. Better yet, why didn’t you buy PUTs 3 days ago when it was crashing hard and you were obviously gloating?[/quote]
I’m not a day trader. I have a significant short interest in homebuilder stocks as mentioned previously in this thread. Looking for much bigger drops before I cover these shorts.[/quote]
Neither am I. So, I guess my comment is as relevant as yours.We’ll see where this shake out in a year and a half.
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