[Coronita]

Qualcomm might be a larger employer but it isn’t the only one, and won’t drastically affect home prices by itself.

From observation, homebuyer pool in some of the areas I watch include (in no particular order)

1. Foreign buyers
2. Retirees
3. Lawyers
4. Doctors
5. Dentists
6. Biotech workers
7. Genetic sequencing companies
8. Small/mid business owners
9. Intuit workers (52 week high)
10. Other engineers in other companies (many)

The days of qualcomm stock options/RSU’s have been numbered. New employees do not get any sizeable grants worth mentioning. Most of the large grants are people years ago. Qualcomm is in the mist of cost cutting. Examples include (overheard from colleagues)

1) A new monthly 401k maintanance fee
2) A higher deductible health insurance with an HSA account component
3) Elimination the most benefits of the executive health plan for folks Senior Staff Engineer or higher, except for dental and vision.
4) Employee pay of some of the fringe benefits off hours.
5) Compensation limits in QCT.
6) Elimination of non-core groups (IT, support software, etc)

So far, even in the mist of such things going on, you don’t see SD house prices drastically affected by this, right? QC stock also have corrected from the high 80ies to the low 70ies. That doesn’t appear to have dampened home purchases in the county either.

So that seems to suggest that home buyers in SD are diverse than one might think.

[Coronita]

[quote=AN]He’s free to do what he wants. It just make him a hypocrit. Some people don’t care if they’re hypocrit. Just don’t try to justify your position and convince others that you’re not a hypocrit. Like I said, it’s easy to talk the talk but it’s much harder to walk to walk.

I’m not the one who bash the establishment. If you really hate everything America stands for, then feel free to leave or run for office and make the change. Talking/bash/etc are like talking the talk. I don’t care about your particular stance. I’m just pointing out the hypocrisy of whining about something on one hand and taking advantage of the thing you’re whining about for your own personal gain on the other. That is hypocrisy.[/quote]

+1

I will never understand people that apparently hate this country so much at the same time enjoying all the benefits from our system. That is not to say things can’t be improved. But if you really think it would be better elsewhere, just leave….

[Coronita]

[quote=FlyerInHi]AN, you and flu imply you have to either embrace the establishment or go live in the woods. It’s not that simple.

You can change the establishment by being part of it. There’s no hypocrisy. Think Warren Buffet.

You can also have high ideals and not live them. Think Thomas Jefferson. The fact that he owned slaves and kept his slave maid as his mistress for decades doesn’t diminish his work.[/quote]

It is simple. There are so many ways to make money in this country. Why does one who has an issue with this country’s equity market find it necessary to participate in it if he/she hates ? Especially for that one person that professes to be much smarter than most other Americans in this country that have made more money by being “dumber?” Or perhaps one isn’t as smart as one thinks.

[Coronita]

[quote=spdrun]Doesn’t everyone feed off the status quo to some extent?[/quote]

Yes, most people do. But usually not the minority of the ones that hold the conviction of being against it though.

For example, I have this loose looney friend from the bay area. Total anti-establishment. This guy literally is off the grid, and has no interest in any sort of stock investment, thinking it’s a corrupt system. No 401k, no mutual funds, and no stock purchases. Nothing. His belief is it’s rigged system meant to reward rich people, full of corruption, etc…. Ok, I think he’s crazy, as he thinks I’m a lemmings. But respectfully, he puts his money where his mouth is. Not a single dim vested in this “game” long or short or anyway.

As far as I’m concerned, I don’t mind him bitching…he can bitch all he wants, because at least when he does bitch, he means it.

Won’t take a single dime of anyone’s money. Thinks other people’s money is “tainted”

[Coronita]

[quote=spdrun]I’m not convinced that real change is possible until many members of the older generations either retire from public life or simply expire.[/quote]

Well that’s fine, but then you wouldn’t be sucking on the tits of the status quo either if you were really true to your words about change. It’s like telling people how bad crack cocaine is, then sniffing it’s fumes thinking its ok, that you can quit anytime because you really aren’t a user.

I really do respect people who want to change things and don’t participate in the status quo…Because at least they mean what they say.

[Coronita]

[quote=spdrun]As are some older people … ;)[/quote]

Ah, yes, but the difference is….Some of us are perfectly fine with the status quo and aren’t trying to change it while trying to suck on its tits at the same time.

In some cases, from the nice room in their parents house that some of these young ones bitch from.

[Coronita]

[quote=spdrun]Honestly, I wouldn’t, yet. I still hope that the people running the show will see reason at some point.

Younger people (my generation and below) tend to be more socially permissive yet support government spending on things that actually matter like healthcare and infrastructure. Once the older generation in politics retires, this country might actually head somewhere good.[/quote]

Some younger people these days tend to be more full of shit….

Spends considerable amount of time dwelling at how sucky things are, how things *should* be. But then does nothing to change the status quo, and at the same time enjoys some of the very benefits from the status quo.

[Coronita]

.

[Coronita]

[quote=FlyerInHi]what’s wrong with mobile/smart phone for everything?

Maybe you don’t have good cell reception at home?[/quote]

That might be part of it. But also, if you are more than a 1 person household, it’s sometimes convenient to have more than 1 phone across the rooms.

[Coronita]

[quote=Clifford]Just curious, how much did you pay before switching to OOMA ?[/quote]

I switched to OOMA about 3 or 4 years ago. Before then, I had local phone service from AT&T. It was like $18/month for just local calling (no long distance). That was the cheapest I could get the landline service to be, even though I barely used it. It was a no brainer for me.

I paid $30 to port my landline number to OOMA, so I kept the same number.

[Coronita]

[quote=spdrun]If you’re implying that there will never be another recession/correction, history is NOT on your side. Longest without a recession, ever, in US history has been 10 years, and we’re on year 6 right now. Average is much shorter.[/quote]

I’m not implying their won’t be a correction. I’m implying you won’t be able to take advantage of such downturns to the extent you are boasting about. At least, not based on your previous track record. Because if you were able to, you would have already done so in the past, instead of just talking about it it… Just like cyclical markets, no, this time it won’t be different…. 🙂

If you really are so confident in your assessment, you would be throwing the book at VIX and shorting the market, right now…

[Coronita]

What I’m so surprised, is that American officials made such a big deal about this….Afterall, it’s just soccer. It’s not like it’s the NFL or NBA! Do people even watch soccer here? 🙂

[Coronita]

[quote=spdrun]Stocks did, and that too is an opportunity. “Buy when blood is running in the street” doesn’t imply the street will always be the same.[/quote]

Sure, if you say so…

Weren’t you the one still thinking stock was going to fall 50+% beginning of last year?

How many times have you actually been accurate in your predictions? 🙂

[Coronita]

+1 on OOMA. I wish I got OOMA early on, when it was $0 really… I got it after they started to charge you for the taxes….Still, $3/month for calling isn’t bad.

The major drawback of OOMA is if you still use a traditional analog fax machine. It doesn’t work well on it…

Also, if you have an alarm system that still uses a phone line, that won’t work either. The solution to the fax problem is just use internet fax. Teh solution to the alarm problem is to go cellular with the alarm.

[Coronita]

[quote=spdrun]Well, now I’m able and willing to take advantage — it’s only a question of testicular fortitude when the next beautiful opportunity comes.[/quote]

Sure….If you say so….

[Author]

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