Forum Replies Created
-
AuthorPosts
-
CoronitaParticipantToo rich for my blood… lol
Now, if a 1/1 in 92126 can sell for $500k+
that would be sweet…
CoronitaParticipantDont get me started about how engineers dress.
I think the last time I bought new clothes for myself was…..crickets chirping…..maybe 6-7 years ago…Ok if you don’t count the fund raising t-shirts.CoronitaParticipantGold isnt bad scardey. I have gold too. It isn’t going to return you 10 folds but that’s not what gold is for.
And gold isn’t nearly as bad as *cough* platinum. Man, my platinum coins are still like 0 gain.
Gold will always have a place. It’s a great way for people who made money on crypto launder money….
3% gold is beating S&P500 ytd this year so far . A win is still a win.
CoronitaParticipantYeah, my 401k and long term IRAs YTD is -0.01% today.
My after tax trading account is slightly negative still.
Combined YTD is -1.35%
CoronitaParticipant[quote=an][quote=Coronita]Netflix is up again. Your call options totally killing it.. good job. Nice speculation.
Pretty surprised at how the market is moving after the interest rate announcement and why I won’t bet against the markets and just do mostly DRIP into indexes.
The markets can stay irrational longer than one can stay solvent[/quote]
Up 32% so far. Not bad for a few days. Now my call is deep in the money.[/quote]Netflix is at $390/share AN….
G..OOAL !
CoronitaParticipantI’m still negative this year.
-2.31% YTD, or roughly 1 Tesla Model 3 performance (maybe a little better after my long term accounts total in later this afternoon).
CoronitaParticipant[quote=sdrealtor]Heading up to LA for a concert so early update. Id expect a few more to go pending in the next few hours.
New listings 17 (34) – still havent hit 20 yet
New Pendings of 25 (41) –
Thats -8
Closed sales at 21 –
Total houses for sale 27 (57) with median of $2.3M ($1.9M)
Here’s todays observation which relates to a conversation I had with a friend a few weeks ago and wrote about here. I asked a dear friend/client that retired here from Silly Valley a few years ago what a market looks like when prices get so high that incomes just cant support them like what happens up in the Bay Area and people buy with stock option money. His answer was the cost of everything goes up (Hello $70 haircuts) and people make do with smaller, more densely packed spaces (Condo is the life for me).
For that to happen we would need to have what I would consider a large scale SFR capitulation meaning folks who would typically buy an SFR would begin to shift en masse to attached homes and condos. My thought was thats gonna take some time thinking NCC buyers would head east to San Marcos and North toward Oside and Vista rather than spending close to or more than $1M for an attached home.
While I dont post it here weekly, I also track attached homes in 92009/92011 because I have a close family member whose interests are very dear to me.
This is what I saw this week when running the numbers. New listings were about double what they have been running. My first thought was uh-oh homeowners are starting to take the money and run and will soon blow past demand. Then I ran the pendings and they are more than triple what they have been running! While new listings are 30% above the prior high total this year, the pendings are double the prior high! These numbers scream large scale SFR Capitulation but its still early.
On top of that I saw this.
https://www.redfin.com/CA/Carlsbad/3026-Rancho-Del-Canon-92009/home/3855232
A twin home just closed for about $350K above asking. I dont think that was someone that came looking for a twin home but rather an SFR buyer that capitulated. And for it to get that high there has to be more than 2 or 3 capitulators. Its still early to call it a trend but this bears watching and following. The numbers to watch will be # of new attached listings to see if people are taking the money to run vis a vis # of attached pendings to see if SFR buyers are capitulating. I’ll keep y’all posted[/quote]
GOOAL!!!
CoronitaParticipant[quote=deadzone]
I speculated back in 2006 timeframe because I saw the “opportunity of a lifetime” with the impending housing crash. But I never was into day trading, mostly buying out of the money leap Puts and then just waiting patiently. I don’t day trade today either, but certainly you can’t deny the stock market is a casino and many of the moves are quite predictable.[/quote]
O really ? 🙂
CoronitaParticipant.
CoronitaParticipant[quote=sdrealtor]Just ran into my favorite lender over coffee. Here is latest, at least while we were having coffee as things are moving around quickly (up and down through out the day). Just some data points here as they are likely different by the time you read this.
Conventional 30 yr 4.5%
Jumbo 30 yr (portfolio loan) 4.125%
10/1 arm 3.625%[/quote]Interesting. Why are jumbos lower than conventional. I think for many purchases out here, especially MM, that would be Jumbo.
CoronitaParticipant[quote=sdrealtor]Not the end all be all but a strong local showing nonetheless
Hey, I’m in the top 20 lol….
Except I didn’t do a CS degree when I was in college.I got my degree in Underwater Basket Weaving. I swear, that major is really really difficult!
Actually, true fact.. When I was doing my undergrad, my schools CS degree was not ABET accredited… lol.
And actually, you could do CS degree through either the liberal arts college or the engineering school, the difference being what kind of filler classes you would end up doing.. In hindsight, most of the CS majors going through the engineering school regretted going through the engineering school instead of the arts school, where the former people had more fun and basically earned the same degree, lol.
CoronitaParticipant[quote=an]I had a chance to speak with a friend who recently joined Amazon and she told me that although the company said they must come back to the office, the manager has total discretion, so she has only been in the office twice over the last 2 months and they have no plan to force anyone to returning to the office. I don’t know how many other teams are like hers, but it seems like it’s not a hard and fast rule.[/quote]
A few of my ex-intuit friends that went to Amazon said the same thing. It’s at the discretion of the manager and dept. Not that it matters one way or the other.
Amazon policy is pretty clear.
https://www.aboutamazon.com/news/workplace/amazon-offering-teams-more-flexibility-as-we-return-to-officeIt’s still a pretty competitive job market. Even my cheap ass company had to pony up pretty sizable bonuses , and they are based in Florida.
CoronitaParticipant[quote=scaredyclassic][quote=Coronita][quote=scaredyclassic]You can get a law license through self study under a practitioner if you pass the bar, but would be hard.
I don’t know anyone who’s done it that way. Would have to be quite clever and motivated. Law school is dumb, but it does perk up the brain and work ethic.[/quote]
Anything is possible. But for most, most of it is improbable.[/quote]
Not sure anything is possible. Could one become a great athlete without coaching and competition? Might not be possible.[/quote]
Sports is different though,from engineering or law.
You don’t have to be the best in law or engineering to do reasonably well. But I don’t think you can get just get by being a mediocre athlete if you need to count on it to pay the bills.
Software is a little different. It is possible to do well without being a CS major, unlike most other stem relate careers. It’s not that common and not as easy as some people who claim it to be. But there are folks with liberal arts degree that have been able to do it. I had a coworker that was a Poli Sci.undergrad from Stanford who self taught himself after he realized he didn’t want to go to law school. He did fine and ended up a a lead engineer at Google. He was smart and motivated enough to pick things up himself.
I had a guy in QA that I recently converted over to software engineer. he wasn’t a CS major, but an engineer that graduated from UCSD. Really smart kid, really motivated to want to do development, spent his own time learning, and volunteered time to take up work we didn’t have time do in the dev team. Contrast that with some other guy that wants to be in dev, has no engineering background, wants to go take a bunch of classes on basic stuff one can learn on the internet, and can’t handle basic small scripting tasks.
So not everyone can do it.The other angle is there’s a lot of people who work at a tech company that aren’t engineers….that’s another way to get in.. some are in product management….there are others who are the glorified bean counters (program managers),.etc..If you get lucky , and hit the right company that IPOed, well it might work well for you too.
That’s also why some folks non+engineers end up trying to chase after a tech company because it is possibly they can hit the jackpot that way too, something they normally couldn’t achieve just at a normal job with their skill set and career prospects. Sometimes it works out for folks. Theres a bunch of executive assistants and bean counters at Qualcomm that are multi+millionaires simply because they were in the right place at the right time. One can argue whether their windfall is fair or not fair. Imho, a GOOOAL win is win no matter how you get it. For most of them they won’t hit the jackpot. In a tech downturn, those folks in the supporting role are the ones usually the first to get let go, and have the toughest time finding employment in tech during a downturn..many of them never return.CoronitaParticipant[quote=scaredyclassic]You can get a law license through self study under a practitioner if you pass the bar, but would be hard.
I don’t know anyone who’s done it that way. Would have to be quite clever and motivated. Law school is dumb, but it does perk up the brain and work ethic.[/quote]
Anything is possible. But for most, most of it is improbable.
-
AuthorPosts
