Forum Replies Created
-
AuthorPosts
-
CoronitaParticipant[quote=The-Shoveler]Covid-19 cases, hospitalizations and deaths are approaching or surpassing record highs across Europe just weeks after countries lifted pandemic restrictions and outlined plans to live with the virus, which could be a warning sign for the U.S.[/quote]
Yes, which is why I’m still wearing my masks.
CoronitaParticipant[quote=spdrun][quote=CDMA ENG]
I work longer hours because the team of people that I supported were people I respected and actually love. What hours I give to the company to get ahead or to support my friends are purely my business and my decision.[/quote]If it’s your decision, it’s fine. If everyone does it and it establishes a norm that hurts others, that’s not so great. No. New. Normal!
This being said, I often pick up for others that are having issues that keep them from working on a given day.[/quote]
I think you are worrying too much. I don’t think most employers will force their employees to be remote workers only…just like not all employers will force workers back into the office. There will be a mixture of both and varying degree in between so good talent should be able to find an environment that works best with their lifestyle and abilities. That’s the key.
I think the better employers are making changes in the workforce mainly to improve flexibility and using it as one more tool to attract and retain good talent without competing with raw salary/bonus/stock dollars. And there’s plenty of cases where it does not affect productivity. Most companies will offer some hybrid model of both in person and remote option, again of varying degree. My company just makes you pick one so you are accountable where you are, whether it’s fully in person, fully remote, or hybrid (and then you need to give a concrete plan on which days you are in).
Speaking of which. Are you working for a company now? I thought you were BYOB and hated working for a company and had your own business. If you are BYOB, this shouldn’t matter to you since then you make your own rules, to some extent. If you decided to join a company as an employee, it really isn’t as bad as you make it out to be. There’s pros and cons for everything. There’s a lot of things you don’t need to worry about now. And you can always do both too, best of both worlds (or worst of both worlds, depending on how you look at it)…
If you think about it, it’s just making what use to be regular jobs more flexibility that some BYOB people use to say was one of the main virtues of BYOB instead of being an employee for someone else. Now, if you want to take time off during the day for some non-work related things, you no longer have a rigid schedule (not that I ever felt I couldn’t do that before)…
CoronitaParticipant[quote=sdrealtor]Of course they’ll find a way to make it work. When death comes they will get a step up in basis so they can sell tax free properties that lost decades old assessed real estate tax values. They’ll take the money and invest it in higher yielding opportunities than SD real estate as they should but again not our problem[/quote]
Well, Prop 19 already eliminates keeping the primary home’s tax basis unless the kids end up living in the home, and it’s only for the amount up to $1million, which pretty much eliminates most homes now in SD County from a complete prop tax carryover.
There was a lot of people trying to work around this but it involved putting your kids on the deed… Honestly though, for someone that did well in real estate in CA not carrying over the property tax basis isn’t really a big deal if your real estate is now worth a few million.The other issue is the capital gains step up cost basis. That’s nice, but you can count on that being eliminated one of these days if the democrats maintain a significant majority in our government or at least eliminated for most people who have a accumulated a decent nest egg.
However, I think well off people can work around that too. Flyer you should be aware of these accounting tricks and tax strategies. For example, using Annuities and Life Insurance which have very favorable tax treatments and also Irrevocable Trusts and Corps which potentially can allow the entity to persist and maintain many tax benefits, at a cost of the issue of a lot of paperwork and possible double taxation. Things you should be very familiar with if you are indeed wealthy, or if you were just given your wealth without the practical operating knowledge, your parents or your spouse’s parents probably already figured it out with your the family CPAs for you.
CoronitaParticipantAlso, pay no attention to this report that comes from a small company that’s called Microsoft…lol…
CoronitaParticipantoh oh… Apparently all is not well at Google…
https://www.protocol.com/bulletins/google-employees-upset-remote-work
[quote]
Employees raised their complaints at a company all-hands last Thursday, submitting questions through a system called Dory. Two popular questions involved remote work, according to Insider.
“Google made record profits through the pandemic (and WFH), traffic has already increased (at least in Bay Area) with gas prices at record high, and people have different preferences for WFH vs work from office,” one question said. “Why is the RTO policy not ‘Work from office when you want or when it makes sense to?'” Another submitter said some teams “blanket ban” remote work, with Google rejecting applications “even if managers are supportive.”
Workers told Insider that Google’s remote work policies felt arbitrary. One employee said a colleague was barred from remote work even though their manager was allowed to work from home. Bay Area employees who wish to work remotely from other states might face pay cuts: Google will lower pay if employees relocate to cities like Durham, North Carolina, and Houston, Texas.
This isn’t the first time Google’s remote work plans have upset its employees. In July, CNET reported that employees were angered by “hypocritical” remote work policies, allowing senior executive Urs Hölzle to work indefinitely from New Zealand while lower-level employees had to go through an application process.
[/quote]Time for Google folks to quit and go elsewhere and free up some jobs.
CoronitaParticipantMeanwhile, twitter wfh is permanent…
https://www.forbes.com/sites/jackkelly/2022/03/05/twitter-employees-can-work-from-home-forever-or-wherever-you-feel-most-productive-and-creative/?sh=142084d215e4[quote]
Twitter Employees Can Work From Home ‘Forever’ Or ‘Wherever You Feel Most Productive And Creative’
[/quote]CoronitaParticipantPay no attention to small companies that allow 40% of their workforce to work from home… Like American Express…
lol
https://www.nwaonline.com/news/2022/mar/13/american-express-workers-go-remote/
[quote]
American Express workers go remote
40% choose to work outside of office, prompting office, technology upgrades by Bloomberg
[/quote]CoronitaParticipantI wish I had $3million in cash to buy a house outright now. lol. Actually, I don’t really care.
CoronitaParticipantAnd look, these cold call emails have been arriving in my inbox weekly…. Even now… No mortgage/loan required.
[img_assist|nid=27545|title=fs|desc=|link=node|align=left|width=400|height=612]
Let that sink in.. $3.075m cash buyer… And we’re not talking about a mcmansion custom home.
CoronitaParticipant[quote=deadzone][quote=Coronita][quote=deadzone][quote=Coronita]The way I would look at it DZ is this remote work option could open the doors for where you want to live and buy a house too.
One gets a lot of newer houses and bigger houses for instance in great parts Riverside County.
If I wasn’t so entrenched where I am with my kid and school, I would seriously consider a nicer home elswehere that would be closer to what I would want out of an ideal home.[/quote]
Of course remote work is a benefit to the employee. I never said I am against it, just pointing out that it is not going to be an option for the vast majority of employees going forward. Whether you or I have a preference to work from home has no influence on what is going to happen.[/quote]
So how is more people going back to the office in San Diego going to impact real estate in San Diego?
Hypothetically, how is going back to the office for a lower cost area like Alabama for someone that relocated from San Diego to Alabama to move to a lower cost area going to impact real estate in San Diego?[/quote]
That’s exactly why I never bought into the idea of WFH being a long term contributor to SD RE growth. Maybe short term during Covid there was a huge influx of Bay area workers moving to San Diego. But long term, I would expect as many, if not more, SD workers to move to other parts of the country if they could make SD or Bay Area salaries working anywhere. Or if a new college graduate from an East Coast University can get 120K Bay Area starting salary working fully remote, would San Diego be the logical choice that they would move to?[/quote]
Again, I think you’re arguing with yourself and arguing in circles.
No one said WFH is the only major contributor…. And no one is saying it’s going to be a continuing factor for more people moving here, especially given that SD real estate isn’t really a bargain anymore relative to other parts of CA.
But it certainly has been a contributor for some people that did relocate here. And they will be here for some time and they will occupy those houses they bought or rented.
No one said that it’s the only contributor, nor did anyone say it’s going to be a sustained contributor. But it certainly was a factor for some people who wanted to stay in California when San Diego real estate was more affordable than it is now. They are here, they bought, as well as folks that relocated here for a new job… Now that real estate in SD getting closer to expensive as LA/OC/SF, its’ probably no lesser of a viable “lower cost” option for more people that don’t have these higher paying, higher compensated jobs, whether they are working remotely or have a new job.
Now housing is considerably more expensive, some people are probably going to need to consider other options elsewhere.
I think you’re missing the point in that those people that did relocate here for whatever reasons and who bought a house aren’t going back anytime soon, and that reduces the housing supply, given that in SD new housing isn’t being built any faster.
CoronitaParticipant[quote=deadzone][quote=Coronita][quote=deadzone]
Strawman my ass. The number of people fully working from home is going down. Period. Companies are bringing folks back to the office, in droves, that have been working fully from home for 2 years. That’s the whole point. What is this so hard to understand? If you claim fully remote workers were a significant factor in SD (or any other city’s) RE gains over the last 2 years, you can’t also claim that remote workers going back to the office won’t have a negative impact. You can’t have it both ways.[/quote]
Again, why does it matter for SD real estate, whether ?[/quote]
For the upteenth time, because it has been reported all over the media, and by folks at this site including you, that Bay area tech workers were moving down to San Diego in droves to buy houses during Covid and WFH. I’ve heard that same story in the media about many other cities besides San Diego, so not unique to San Diego. Whether that is actually a significant factor in Sd RE growth I don’t know. But if it is, that trend will reverse itself post Covid as the number of fully remote jobs goes down.[/quote]
Yes, and how will those people that already have commitments from the bay area companies to allow them to work remotely and have been doing this for some time, affect things? You really think all the sudden they are being called back into the office? Um no… Not even amazon…No one that I know that was given the option to work remotely for Amazon has that rescinded since Amazon’s soft back peddling… Perhaps you missed it. And yes, I know plenty of people that continue to work remotely at Amazon.
[quote]
For our corporate roles, instead of specifying that people work a baseline of three days a week in the office, we’re going to leave this decision up to individual teams. This decision will be made team by team at the Director level. We expect that there will be teams that continue working mostly remotely, others that will work some combination of remotely and in the office, and still others that will decide customers are best served having the team work mostly in the office. We’re intentionally not prescribing how many days or which days—this is for Directors to determine with their senior leaders and teams. The decisions should be guided by what will be most effective for our customers; and not surprisingly, we will all continue to be evaluated by how we deliver for customers, regardless of where the work is performed.
[/quote]How many Amazon engineers do you personally know that relocated down here and that you know personally that has said they now move back?
CoronitaParticipant[quote=deadzone][quote=Coronita]The way I would look at it DZ is this remote work option could open the doors for where you want to live and buy a house too.
One gets a lot of newer houses and bigger houses for instance in great parts Riverside County.
If I wasn’t so entrenched where I am with my kid and school, I would seriously consider a nicer home elswehere that would be closer to what I would want out of an ideal home.[/quote]
Of course remote work is a benefit to the employee. I never said I am against it, just pointing out that it is not going to be an option for the vast majority of employees going forward. Whether you or I have a preference to work from home has no influence on what is going to happen.[/quote]
So how is more people going back to the office in San Diego going to impact real estate in San Diego?
Hypothetically, how is going back to the office for a lower cost area like Alabama for someone that relocated from San Diego to Alabama to move to a lower cost area going to impact real estate in San Diego?
CoronitaParticipant.
CoronitaParticipant[quote=an][quote=deadzone][quote=an] I don’t bet on one direction or another.[/quote]
You literally just placed a bet that Neflix was going to go higher.[/quote]
Thank you!!!! for bringing my attention to NFLX. Up about 18% in less than 2 days. The question now is, should I sell and capture my 18% gain?[/quote]yes, sell imho. I’d rather have a smaller capital gains, then a long term capital loss carryover.
18% is way above the 4% rule 🙂
-
AuthorPosts
