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CoronitaParticipant[quote=flyer]Regarding the re binge topic, this article gives an interesting perspective. With only about about 16.5% of households in San Diego (with comparably low percentages in other major cities) earning more than $150K, no wonder people are moving.
Also interesting to note that the highest out migration from the most desirable cities is in the 18-54 age group across all income levels.
https://www.trulia.com/blog/trends/priced-out-migration/%5B/quote%5D
The data was compiled from 2014 census. Also, at least in SD County, what net outflow?
SD County second largest in CA, despite slow growthSan Diego County continues to have the second-largest number of people in California and is among nine counties that account for the majority of the state’s population — despite notably slower growth linked to the Great Recession.
The region, with a current population of about 3.3 million residents, grew by an estimated 28,000 people — or 0.9 percent — between July 2014 and July 2015, according to estimates released in December by the state’s Department of Finance.
Demographers attribute a majority of this growth to “natural increase,” or births minus deaths.
Migration patterns also have played a role in the county’s current demographics, said John Malson, chief of the finance department’s demographic research unit. It’s a particularly significant factor in a border region where migration flows are ever-present and often fluctuate, reflecting economic and social conditions in other countries.
Long-term forecasts indicate a shift in these migration patterns as migration from Asia continues to grow and migration from Mexico tapers off, extending a trend that’s been building for about a decade.
“The bigger part of the migration factor has been from Asian countries — China and India,” Malson said. “This is something that will likely continue.”
While the majority of Asian immigrants, particularly those from India, immigrate to pursue careers in California’s booming tech industry, people from China also immigrate on education visas, Malson said.
San Diego County gained an estimated 11,600 residents through foreign migration but lost about 8,700 people due to “domestic migration” — individuals who relocated to other parts of the country — resulting in a net positive migration of about 3,000 people, according to the finance department.
CoronitaParticipant[quote=spdrun]At least you can still get an Accord or Civic with a real transmission, not a 2-pedal automatic designed for idiots. Can’t get a Fusion with a real tranny, though you might still be able to get a Focus.
Besides: driving a “foreign” (even if US assembled) car sends a message that you don’t care about Trump’s demographic. Autoworkers got enough of a bailout in 2008 without your helping them.[/quote]
We are going off topic here. But… Dual clutch on race applications produce the best times. You can’t beat a computer. Even F1 has only two pedals now. I’m fine with them. Whichever produces a faster time.
If you insist, mustangs still come with 3pedals. Now with IRS. They just need to cut down on the weight a bit. Get it down to about 3350lbs.
CoronitaParticipant[quote=spdrun]Ford = found on road dead.
A good Ford truck is a dead one…
https://www.youtube.com/watch?v=3sQYQOc2mLM%5B/quote%5DFord’s actually pretty reliable these days. In a lot of ways, more reliable than Honda, which has nosedived recently in terms of reliably. I wouldn’t mind getting a 2018 Ford Raptor to tow around a dedicated track miata, if I had room for a 5th car.
The other tidbit is Jaguar is actually much more reliable under Indian Management Tata Motors
And Volvo’s latest products are looking pretty good under Chinese ownership
CoronitaParticipant[quote=spdrun]Regarding trucks/SUVs vs cars problem is that the average American auto buyer is an image-conscious idiot that need some sense slapped into them.
If I wanted to drive a fucking truck, I’d go work for UPS — don’t know how people can stand driving the pieces of shit if they don’t need them for work.[/quote]
That’s your opinion. I’m just stating the facts. The demand for truck/suv is there. Ford is doing well because they are building products people want, and meeting/exceeding the most stringent CAFE standards, and have come up with a lot of ingenuity getting there. And because of that, they need more capacity to build higher margin vehicles. Trump had nothing to do with it.
If apple can pull off manufacturing in the U.S. and still be profitable, well kudos to them. Motorola tried that a few years ago. They failed miserably, and ended shutting down the factory in texas after spending billions and not able to produce one phone.
CoronitaParticipantMost people will believe what they want to believe, even if it doesn’t make sense.
No critical thinking process required.
But hey, keep driving those made in Japan lexus es while tooting that bring american jobs mantra back. Lol.
I heard you can get a pretty good lease deal on a new Ford suv if you trade in a lexus. How about putting your money where your month is???
LolCoronitaParticipantSome people need to learn how to read…
In short, ford was never going to close any plants. There were just moving the lower cost/lower margin focus and c-max production to mexico so they could use the existing factories to build the higher demand and higher margin upcoming SUVs that americans tend to buy more anyway. Unlike the other two disasters of american car companies (one being now partly italian), Ford actually has the opposite problem of almost not having capacity to meet demand of its truck and SUVs, which have been selling like hotcakes. And Ford is bringing back the Ford Bronco and Ranger next year to the U.S. to try to meet demand for this country’s demand for trucks and SUVs. Ford is doing well, because Ford got their head out of their asses years ago, cut down on spending, sold brands they couldn’t run well (Jaguar, Land Rover, part of Mazda), so it could re-focus on it’s core business. And it invested heavily in technology, some of it borrowed from Ford India.
It was one of the first domestic companies to start pushing for turbo charged engines to meet CAFE standards, and it was the first company to start to use aluminium in it’s bread butter F150 truck, which had incredible weight savings and fuel economy without sacrificing to much in HP/torque. Ford is succeeding simply because they have good products, and demand is there.All this is. Is just lip service to what Ford was already planning to do, because Ford had no plans to eliminate those factories to begin with, they were just making space for more capacity for higher margin products. You can’t make money on a low cost sub-compact ford focus. Whereas you can make a shitload of money on a $30k+ SUV/truck. and given how low gas prices are, more americans are buying those big trucks/SUVs again.
But hey, don’t let facts get in the way of ignorance.. Sure hasn’t stopped some of you before, lol.
As far as some of you other that think about Apple’s demise is good.. Fine, let’s say apple goes under. That’s great. There’s always samsung,LG, HTC, and huawei. I’m sure they would be thrilled they have one less competitor to deal with, especially apple.
I would say, we could consider another U.S. cell phone company could replace them. Something like Motorola, but they are part of Lenovo…God, some of you folks are brilliant. Even if an american company is 50% produced here in America, you still would rather see it fail and employ 0% in america, versus 50%.Lol…
http://www.autoblog.com/2016/11/18/donald-trump-bill-ford-lincoln-mexico/Trump did talk to Bill Ford, but the Kentucky plant was never moving to Mexico.
During his campaign, Trump claimed that Ford was going to fire US workers and move manufacturing to Mexico. That wasn’t the case – yes, Ford planned to transfer Focus and C-Max production from Wayne, Michigan, to Cuautitlan, Mexico, but no, that wouldn’t mean anyone losing their job. The Wayne plant will continue to operate, and likely busier than before, as it will be the home of the new Bronco and Ranger. So Ford CEO Mark Fields responded with the facts, and then chairman Bill Ford Jr. sat down with Trump over the summer. Things apparently weren’t resolved to Trump’s satisfaction, so he and Bill Ford spoke on the phone yesterday as he claims in this tweet:
We continue to engage with President-elect Trump’s team – and the new Congress – as they shape the policy agenda for 2017. We have shared our commitment to continue investing in the U.S. and creating American jobs – building on the $12 billion we have invested in our U.S. plants and the nearly 28,000 U.S. jobs Ford has created in the past five years. Ford continues to employ more American autoworkers and produce more American made vehicles than anyone.
Today, we confirmed with the President-elect that our small Lincoln utility vehicle made at the Louisville Assembly Plant will stay in Kentucky. We are encouraged that President-elect Trump and the new Congress will pursue policies that will improve U.S. competitiveness and make it possible to keep production of this vehicle here in the United States.
We will have more details to share on our future plans at the appropriate time.
CoronitaParticipant[quote=scaredyclassic]maybe the solution is to raise out of state tuition to levels that produce a profit and can subsidize expansion for CA students.
why not $120k a year for out of state tuition. or 175k for foreigners? or hell, 250k a year for uc, 219k for cal state? if theyre loaded, whats the difference? at the very least it should cost the same as a top pvt school. we should find outvwhat the market will bear maybe we can find 500 chinese people who will pay 2 million each for a degree. is a billion enough to run the whole shebang?
wait…similar to bidding up property prices, we can auction off a set number of uc seats worldwide, no min. qualification. pay all 4 yrs upfront. no refund if u fail out, grade foreigners on a curve and kick out 1/3 of the class every year!! haha! like old school law schools!! then we can find out exactly what its worth.
ebay.
im guessing its well over 100k a year. why in the hell would we charge less than they are willing to pay????
if each chinese dude was ponying up 2 million for a degree, maybe we could give scholarships to everyone….
make it illegal for student visa holders to pay less than 500k a year to study here in ca, so pvt schools cant compete on price. thats what it costs, baby. pay to play…[/quote]
Why don’t we rate tuition based on someone’s academic performance? Low performing students need to subsidize and pay more tuition versus high performing students…If you think about it, it makes sense. More resources need to be spent teaching underachieving students. Therefore, college tuition should be based on one’s grades. Someone with a 4.0 gets almost a free ride. Someone that gets a 2.7, pays for most everyone else’s tuition. Now of course, the weighting would be weighed. Clearly an A+ in Religious Studies wouldn’t necessarily carry the same weight as a B- in Organic Chemistry.
In a lot of ways, this is how the rest of our society works. In the private sector, your bonus/raise is often dependent based on your performance.
(just kidding…sort of)
CoronitaParticipant….lol….never mind. My predict-o-meter hasn’t been very reliable lately…
That said, 30 year is more than 4%. I’d say that + ARM reset has a bigger effect on home prices than a clampdown on chinese buyers…Especially in border cities where I seriously doubt the chinese are looking anyway…
CoronitaParticipant[quote=bewildering]I suspect that Trump will impose an employer tax on H1B visas. For example, the company has to pay the Fed the equivalent of 25% of the employee’s wage. That will sort out the ‘cheap’ labor but still provide the visa to companies that really do need the expertise.[/quote]
Well, I guess that means a lot of those workers are going to end up working for the foreign competitors, lol.
CoronitaParticipantSpeaking of jobs…Looks like while immigrants might not be as popular, robots and automation sure are gaining in popularity…
http://money.cnn.com/2016/11/17/news/mcdonalds-steve-easterbrook/index.html
http://money.cnn.com/2016/11/17/technology/trump-tech-populism-automation/index.html
Software,hardware, robotics, and mech e’s… You’re going to have a very very promising future as you figure out ways for companies to do more with less human labor.
If you have kids, start them young… Like First Lego League….My team of elementary kids did pretty well, even when they competed against middle school teams.
Oh….And high skilled immigrants have a choice on where they can work now.
Getting laid off at Cisco Systems? No problem… Give Huawei a call. And then we can watch more companies here fall further behind…Silicon Valley’s foreign contingent needn’t consider Canada. If President-elect Donald Trump makes good on campaign promises to bar foreign talent, China will welcome them with open arms.
Robin Li, the billionaire chief executive of China’s largest search engine Baidu Inc., may have voiced the sentiments of many of his compatriots on Friday. He hopes that some of the tens of thousands of highly-skilled, overseas-born workers now plying their trade in the Valley will instead consider a career in the world’s second largest economy.
“I read that an advisor to President-elect Donald Trump complained that three-quarters of engineers in Silicon Valley aren’t Americans,” Li told the World Internet Conference in the historic town of Wuzhen. “So I myself hope that many of these engineers will come to China to work for us.”
Li’s reckoning isn’t far off the mark: in the two Silicon Valley counties of Santa Clara and San Mateo — home to Intel Corp. and Nvidia Corp. — about two-thirds of people working in computing and mathematics fields are foreign-born, according to a study by research firm Joint Venture Silicon Valley using 2014 U.S. government data.
CoronitaParticipantThat would be pretty ironic if, because of the hard stance of immigration, border cities that are more sensitive to demand from border crossing immigrants end up plunging in prices as demand falls off the cliff..While, at the same time, mortgage interest rates rises really fast, making people on ARM loans pay a heck of a lot more per month. Especially areas where real estate is not typically purchased by homeowners via cash.
I believe 30 year is now 4%, right?
I wouldn’t mind seeing more inventory personally.
CoronitaParticipantSo. I sold most of my stock weeks back, but one thing I didn’t sell was FNMA, lol….
What do guys think I should do with this?
My purchase price were around $1.80/share. I’m thinking let it ride.
CoronitaParticipant[quote=flyer]From an investors perspective, just wondering if anyone knows how Qualcomm’s acquisition of NXP may bode for the company, and how it might affect jobs and housing in San Diego? Thoughts?[/quote]
NXP isn’t really here in san diego. Most of NXP is in Europe. So there’s little impact to the existing Qualcomm headcount, since Qualcomm has virtually no in house NFC solution.
Of the few NXP people in San Diego, they came from Broadcom. Avago bought Broadcom 2 years ago. At the beginning of this year, Avago sold Broadcom’s NFC group in Rancho Bernardo to NXP. I’m assuming now that NXP group will be part of Qualcomm. That said, most of the trimming already happened by Avago before they sold that Broadcom group to NXP. There’s less than 100 people in that group, I believe. The guys are still part of that group are the lucky ones, double dipping into both vested Broadcom RSUs and now vested NXP RSUs.
What’s amazing is Qualcomm went from no NFC solution last year to being pretty much the only NFC game in town…The only two companies that were really making NFC chipsets were NXP and Broadcom. Frankly, I’m surprised why Qualcomm took so long to figure that one out. From a biz perspective, Qualcomm chip portfolio is looking pretty good. They also grabbed CSR a few years ago, which is a pretty dominate player in Bluetooth.
What’s even more surprise is, once again Intel slept at the wheel.. Intel is fvcked.
CoronitaParticipantLol.with the way the GOP are getting along with each other, I’d say there probably nothing that is going to get done over the next few years.
Good. The more government can’t agree on what to do, the better off I think most individuals are.
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