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CoronitaParticipant[quote=deadzone]All the big companies are going back to the office to some degree or another. Just because you don’t agree with it, or your little po-dunk companies are fully remote, doesn’t change that fact.[/quote]
Lol, you keep debating yourself. No one ever said all companies would stay remote forever. But just because some companies (which tend to be the big companies) have some hybrid work model (which the ones that have announced are hybrid… 2-3 days in office), doesn’t change the fact that there are still many companies that are remote first. Many of them are public companies like mine with 500+ employees.
Also, going into the office in a hybrid model for these companies means “reporting to any location”. For practical purposes, most of these larger companies already have presence here in SD and LA in addition to Bay Area. So if you’re expecting a mass exodus from san diego tech workers to make housing more affordable… Good luck there…
CoronitaParticipant[quote=deadzone]No surprise, now Google announcing return to the office. Obviously Google and Amazon are the leaders of the Tech industry, the rest of the industry is going to fall in line with them.
Sure there will be some niche workers who continue to remote work forever, and small companies like FLU’s where the logistically it makes more sense to remote work perhaps. But from macro scale, the reality is majority of workers are going to have to come in to the office, at least part time.[/quote]
Google was already an in-person only office anyway. That hasn’t changed from day 1. They never had a plan to allow remote work permanent. There’s no difference.
Microsoft on the other hand did decide to accept remote workers, for the right candidate, as several recruiters have explained to me. There’s a reason for that too. They are trying to lead by example that their tech lends itself to remote work, which is why they are massively expanding their Teams platform..
Is the stock market and tech and housing market still going to crash? We need another boost today 🙂
CoronitaParticipant[quote=sdrealtor]That’s great that the market is so strong there the builder throws in upgrades worth $50k and you didn’t have to pay to landscape your own property. Here I’m down and out California if you’re unlucky enough to be one of the few on the waiting list to get a house all they throw in is thanks for coming. And nice of you to omit the 4.2% unemployment rate here which is rapidly dropping. I did not omit the cost of my solar I said it was long since paid off which means that it has already paid for itself and is returning the equivalent of close to $4000 in savings every year.
EP your math skills are usually good also. But I’m going to have to correct something because you did not compound that return. If it was 20% over two years compounded twice it would now be worth over 800 which as you said it is not. It’s actually more like 15%.
While our markets are appreciating 30% so it’s not even close to what we are getting. If you had what we had you would be close to 950k. And our taxes are a very small price to pay for that appreciation. Over the last two years My average weekly appreciation has been more than my annual tax bill. My taxes are about 1/3rd of 1% of my current value due to prop 13.
Unlike Utah we are constantly birthing new unicorn tech companies and now even have them in small towns like Encinitas. The blue line on the trolley opened and ridership is soaring. They just opened 9 more miles of car pool lanes on the 5 freeway last week with more coming. Things are absolutely blossoming here and there looks to be no retreat in sight.[/quote]
That new I-5 northbound opening is awesome. Same with the UCSD trolley.
CoronitaParticipantDamn, deadzone, you’ll need to be more negative at closing on monday. We only inched an extra 100pt on dow.. We fell short of the +1000 dow gain in one day.
Let’s try again on Monday!
CoronitaParticipant[quote=deadzone][quote=Coronita]Dow only up now 700. Come on Deadzone. Please, try harder. We need that correction prediction soon. Only 19 minutes left before the day close…
Come on, you can do it. Push it over 1000. Need you to post some really negative thing[/quote]
your stock portfolio must be in very bad shape if you are cheerleading the market this hard!
Anyway, don’t talk to me, talk to J Powell if you need some help. All he has to do is make the following announcement: “due to unexpected geo-political risks, the Federal Reserve has decided to postpone the originally scheduled monetary tightening until a date to be determined”
This statement is what the market is dreaming about right now. Wouldn’t shock me one bit if it actually happens. If so, we will certainly go back to all time highs and your portfolio will be solid again.[/quote]
I can’t argue with that. I wish I was doing better this year. I’m down -4.98% Retirement accounts slightly less damage due to a lot less risk.
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Please help , deadzone!
CoronitaParticipant[quote=deadzone]Let’s fact it, none of us are “working”. Only difference is I’m currently not charging my time to the company or customer.[/quote]
I’m not an hourly worker, so I don’t know what you mean by “charging my time to a company or customer…” That would be unethical.
Are you an hourly person? If so, then I totally understand people might be concerned for wanting you to work in the office so they monitor you and make sure every hour you or your agency charges you are actually doing something. Yes, that probably makes much more sense for hourly paid workers…
CoronitaParticipantDow only up now 700. Come on Deadzone. Please, try harder. We need that correction prediction soon. Only 19 minutes left before the day close…
Come on, you can do it. Push it over 1000. Need you to post some really negative thing
CoronitaParticipant[quote=deadzone][quote=Coronita]
Shouldn’t you be back in the office, deadzone, working and not wasting time on the internet? I mean, people that work in the office are suppose to be more focused and efficient and not waste time using company resources checking out a finance blog, right?[/quote]
I’m actually not working today so no guilt. That reminds me of another of my favorite Office Space scenes.
I think the remote work revolution, long term, is just going to expose the reality that Office Space pointed out more than 20 years ago. The end game to this is if/when the Fed easy money policy changes, there will be a lot of layoffs and more and more US remote workers replaced by Indians and others.[/quote]
Lol, and like Indians, and Romanians, Polish, and Eastern slovik contract engineers don’t slack off….ever…. You definitely must not be in management…lol…
How much is the Dow suppose to fall again? Can I get a quote from you again?
Interesting, why is it every time you are on piggington, you are conveniently also not working???? I think this is the nth time those went hand in hand.
Hmmmmmmm.
CoronitaParticipant[quote=deadzone]Yes, middle management!
Reminds me of one of my favorite Office Space scenes..https://www.youtube.com/watch?v=m4OvQIGDg4I%5B/quote%5D
Get back to work, worker bee. Chop chop. Remember, expect your butt to be in your office seat, because we can keep better tabs on you! Worker smarter more efficient!
CoronitaParticipant[quote=deadzone]I’m not going to support your day trading habit FLU.[/quote]
I don’t day trade. But just to clarify, you think the stock market will go significant down, right? Can you say that one more time before closing bell?
We’re pretty close to +1000 dow to day, and you can help push it over…[quote]
Shouldn’t you be at work right now, writing code or something?
[/quote]I’m the department head. I don’t need to write code. I have people that do that. I just need to send emails and direct and collect my bigger paycheck…
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…Shouldn’t you be back in the office, deadzone, working and not wasting time on the internet? I mean, people that work in the office are suppose to be more focused and efficient and not waste time using company resources checking out a finance blog, right?
CoronitaParticipant[quote=deadzone]is reverting to pre-covid bubble highs really crashing and burning? Those are your words, not mine.
Nothing is certain in this world. All depends on what the Fed does. They control this 100%.[/quote]
But you do think we will see a correction to pre-covid stock market and real estate right?
Can you say this with conviction at exactly at 12:45PST right before closing bell today?Come on deadzone… Go deadzone!!! Let’s push for +1000 dow by closing bell today.
Please…Say we are definitely going to havea serious correction back to pre-covid letter at 12:45pm. Pretty please.
CoronitaParticipant[quote=deadzone]Yes I absolutely believe that, it is logical given the only reason those prices shot up the last two years were due to various Covid policies, most notably Fed money printing, PPP loans, Stimmies, Mortgage and rent moratoriums, historic low interest rates, work from home, etc.
Every one of the above influences has started to reverse and if you believe Covid is over, from a government policy perspective, will continue to reverse or expire.
By far the biggest contributor to this is Fed QE/money printing. So personally I’m not going to bet the farm on anything. They say they are going to raise interest rates starting in March, and also start winding down balance sheet, most notably MBS purchases starting in March. Market seems to believe it so far. But I won’t believe it until it happens.
Fed has proven consistently that their #1 mandate is to inflate stock and RE prices above all else. They realize (correctly) that our economy is totally reliant on wealth effect. Without it, our economy will implode. That’s why they kept up QE constantly since 2009, even though the recovery was complete by about 2013 or so.[/quote]
Just wanted to double check again. Do you really think things will crash and burn? Like almost definite? Both the stock market and real estate market? Can we cant your confirmation for this afternoon too?
CoronitaParticipant[quote=deadzone][quote=XBoxBoy][quote=deadzone]
The Nasdaq still has a long way to retrace just to get to pre-covid numbers.[/quote]Yeah, that’s true. QQQ’s are probably about $100 above their pre-covid level, so another 30%. SPYs about the same, maybe only 20%. And north country real estate would need to drop more than 30% to get to pre-covid levels I suspect.
Which leads me to wonder, are you predicting that things have another 30% to drop from here, or are you just saying, “Things will go down from here, but anyone who bought stocks or real estate and has held if for over two years will still be ahead.” Curious minds want to know.[/quote]
Well since all Covid related asset price gains, stocks, RE, etc. were completely artificial (Thanks to Fed printing 4 plus trillion dollars) it is a logical assumption they will be reversed at a minimum to pre-Covid levels given all of the Covid related programs will soon be over.[/quote]
So just to help people out here…You believe…err…expect with conviction that both stock market and San Diego real estate prices will correct back to pre-covid prices, right?
Can you repeat your conviction of this certainty today?
CoronitaParticipantHey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….
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