[KSMountain]

We’ve lived in 92024 since ’94. My impression is that the area (especially the coastal part) has been gradually gentrifying, especially in the last 5 years.

I’m not an RE expert by any means, but it seems to me the gentrification and upscaling will increase 92024’s appeal to wealthier buyers.

From there I extrapolate that prices in 92024 will NOT get hammered in the next 2-3 years, however much I might like them to.

Here I’m not arguing that the weather has changed, but that the nature of the community and its prospective inhabitants seems to be changing.

You can add me to the camp that feel there are PLENTY of people who can afford a $1MM house. That number gets easier to hit with age, btw.

Many/most of us don’t currently feel as wealthy as we may have in 1999, but unless some crazy secular thing is about to befall us (possible but I hope not), our economy is cyclical and inevitably the pendulum is going to swing back towards party times, even if that is very hard to imagine currently.

[KSMountain]

We’ve lived in 92024 since ’94. My impression is that the area (especially the coastal part) has been gradually gentrifying, especially in the last 5 years.

I’m not an RE expert by any means, but it seems to me the gentrification and upscaling will increase 92024’s appeal to wealthier buyers.

From there I extrapolate that prices in 92024 will NOT get hammered in the next 2-3 years, however much I might like them to.

Here I’m not arguing that the weather has changed, but that the nature of the community and its prospective inhabitants seems to be changing.

You can add me to the camp that feel there are PLENTY of people who can afford a $1MM house. That number gets easier to hit with age, btw.

Many/most of us don’t currently feel as wealthy as we may have in 1999, but unless some crazy secular thing is about to befall us (possible but I hope not), our economy is cyclical and inevitably the pendulum is going to swing back towards party times, even if that is very hard to imagine currently.

[KSMountain]

[quote=plasticfantastic]
As stated above, it’s likely a function of people deciding that while they cannot afford to buy a home, they choose to have a nice car.

Not entirely illogical. Most people do not think in terms of long term financial wealth… they want to get by and enjoy life now. They realize they will never be ‘rich,’ but want a taste of what they perceive as ‘the good life.’ Is that really so terrible? I think not. Perhaps they are happier than the miser who amasses wealth and drives a POS[/quote]
I like this post. As long as they don’t end up with nothing for retirement at the end and cry they are “entitled” to more money from the taxpayer, what do I care how they choose to prioritize.

And yes, life can be short. Things can and do happen.

There is much to be said for living it up in the present.

[KSMountain]

[quote=plasticfantastic]
As stated above, it’s likely a function of people deciding that while they cannot afford to buy a home, they choose to have a nice car.

Not entirely illogical. Most people do not think in terms of long term financial wealth… they want to get by and enjoy life now. They realize they will never be ‘rich,’ but want a taste of what they perceive as ‘the good life.’ Is that really so terrible? I think not. Perhaps they are happier than the miser who amasses wealth and drives a POS[/quote]
I like this post. As long as they don’t end up with nothing for retirement at the end and cry they are “entitled” to more money from the taxpayer, what do I care how they choose to prioritize.

And yes, life can be short. Things can and do happen.

There is much to be said for living it up in the present.

[KSMountain]

[quote=plasticfantastic]
As stated above, it’s likely a function of people deciding that while they cannot afford to buy a home, they choose to have a nice car.

Not entirely illogical. Most people do not think in terms of long term financial wealth… they want to get by and enjoy life now. They realize they will never be ‘rich,’ but want a taste of what they perceive as ‘the good life.’ Is that really so terrible? I think not. Perhaps they are happier than the miser who amasses wealth and drives a POS[/quote]
I like this post. As long as they don’t end up with nothing for retirement at the end and cry they are “entitled” to more money from the taxpayer, what do I care how they choose to prioritize.

And yes, life can be short. Things can and do happen.

There is much to be said for living it up in the present.

[KSMountain]

[quote=plasticfantastic]
As stated above, it’s likely a function of people deciding that while they cannot afford to buy a home, they choose to have a nice car.

Not entirely illogical. Most people do not think in terms of long term financial wealth… they want to get by and enjoy life now. They realize they will never be ‘rich,’ but want a taste of what they perceive as ‘the good life.’ Is that really so terrible? I think not. Perhaps they are happier than the miser who amasses wealth and drives a POS[/quote]
I like this post. As long as they don’t end up with nothing for retirement at the end and cry they are “entitled” to more money from the taxpayer, what do I care how they choose to prioritize.

And yes, life can be short. Things can and do happen.

There is much to be said for living it up in the present.

[KSMountain]

[quote=plasticfantastic]
As stated above, it’s likely a function of people deciding that while they cannot afford to buy a home, they choose to have a nice car.

Not entirely illogical. Most people do not think in terms of long term financial wealth… they want to get by and enjoy life now. They realize they will never be ‘rich,’ but want a taste of what they perceive as ‘the good life.’ Is that really so terrible? I think not. Perhaps they are happier than the miser who amasses wealth and drives a POS[/quote]
I like this post. As long as they don’t end up with nothing for retirement at the end and cry they are “entitled” to more money from the taxpayer, what do I care how they choose to prioritize.

And yes, life can be short. Things can and do happen.

There is much to be said for living it up in the present.

[KSMountain]

[quote=pjwal][quote=KSMountain]Here’s the bio for the current CIO of Atlanta.

This will give you some idea of the kind of person we’re talking about:

http://www.atlantaga.gov/government/it/bio.aspx%5B/quote%5D

Completely unimpressive. I worked for years in the Healthcare tech field for one of the few tech startups that actually experienced some success. My experience taught me that they are the industry closest to the government in their ineptitude with technology. So it’s a good fit for Atlanta and a great move for Dan Smith, who is no doubt thinking about retirement.[/quote]
I looked for the part that said he spent most of his time fixing printers. I didn’t see it. I see a guy with a masters from Georgia Tech and a long career managing projects and people.

Yeah his bio is not my cup of tea, but clearly he looks like a pretty common exec. In the private sector he’d quite likely be senior enough to get stock options, perhaps a lot of them. From his (or similar folks) point of view, they should be thinking, “How am I going to provide for my retirement?”. In the private sector you have 401k’s/stock options, in the public sector, a pension would be part of your calculations when deciding whether (and how long) to work there.

35 years is a LONG time. I don’t begrudge the folks having a retirement, especially if they had nothing to do with the terms of the pensions they receive. Again, they don’t have the 401k or stock option opportunities that some of us have.

Now, regarding the folks who actually set up these unsustainable pension benefits, especially if it benefited themselves, yes, I have a big problem with them.

[KSMountain]

[quote=pjwal][quote=KSMountain]Here’s the bio for the current CIO of Atlanta.

This will give you some idea of the kind of person we’re talking about:

http://www.atlantaga.gov/government/it/bio.aspx%5B/quote%5D

Completely unimpressive. I worked for years in the Healthcare tech field for one of the few tech startups that actually experienced some success. My experience taught me that they are the industry closest to the government in their ineptitude with technology. So it’s a good fit for Atlanta and a great move for Dan Smith, who is no doubt thinking about retirement.[/quote]
I looked for the part that said he spent most of his time fixing printers. I didn’t see it. I see a guy with a masters from Georgia Tech and a long career managing projects and people.

Yeah his bio is not my cup of tea, but clearly he looks like a pretty common exec. In the private sector he’d quite likely be senior enough to get stock options, perhaps a lot of them. From his (or similar folks) point of view, they should be thinking, “How am I going to provide for my retirement?”. In the private sector you have 401k’s/stock options, in the public sector, a pension would be part of your calculations when deciding whether (and how long) to work there.

35 years is a LONG time. I don’t begrudge the folks having a retirement, especially if they had nothing to do with the terms of the pensions they receive. Again, they don’t have the 401k or stock option opportunities that some of us have.

Now, regarding the folks who actually set up these unsustainable pension benefits, especially if it benefited themselves, yes, I have a big problem with them.

[KSMountain]

[quote=pjwal][quote=KSMountain]Here’s the bio for the current CIO of Atlanta.

This will give you some idea of the kind of person we’re talking about:

http://www.atlantaga.gov/government/it/bio.aspx%5B/quote%5D

Completely unimpressive. I worked for years in the Healthcare tech field for one of the few tech startups that actually experienced some success. My experience taught me that they are the industry closest to the government in their ineptitude with technology. So it’s a good fit for Atlanta and a great move for Dan Smith, who is no doubt thinking about retirement.[/quote]
I looked for the part that said he spent most of his time fixing printers. I didn’t see it. I see a guy with a masters from Georgia Tech and a long career managing projects and people.

Yeah his bio is not my cup of tea, but clearly he looks like a pretty common exec. In the private sector he’d quite likely be senior enough to get stock options, perhaps a lot of them. From his (or similar folks) point of view, they should be thinking, “How am I going to provide for my retirement?”. In the private sector you have 401k’s/stock options, in the public sector, a pension would be part of your calculations when deciding whether (and how long) to work there.

35 years is a LONG time. I don’t begrudge the folks having a retirement, especially if they had nothing to do with the terms of the pensions they receive. Again, they don’t have the 401k or stock option opportunities that some of us have.

Now, regarding the folks who actually set up these unsustainable pension benefits, especially if it benefited themselves, yes, I have a big problem with them.

[KSMountain]

[quote=pjwal][quote=KSMountain]Here’s the bio for the current CIO of Atlanta.

This will give you some idea of the kind of person we’re talking about:

http://www.atlantaga.gov/government/it/bio.aspx%5B/quote%5D

Completely unimpressive. I worked for years in the Healthcare tech field for one of the few tech startups that actually experienced some success. My experience taught me that they are the industry closest to the government in their ineptitude with technology. So it’s a good fit for Atlanta and a great move for Dan Smith, who is no doubt thinking about retirement.[/quote]
I looked for the part that said he spent most of his time fixing printers. I didn’t see it. I see a guy with a masters from Georgia Tech and a long career managing projects and people.

Yeah his bio is not my cup of tea, but clearly he looks like a pretty common exec. In the private sector he’d quite likely be senior enough to get stock options, perhaps a lot of them. From his (or similar folks) point of view, they should be thinking, “How am I going to provide for my retirement?”. In the private sector you have 401k’s/stock options, in the public sector, a pension would be part of your calculations when deciding whether (and how long) to work there.

35 years is a LONG time. I don’t begrudge the folks having a retirement, especially if they had nothing to do with the terms of the pensions they receive. Again, they don’t have the 401k or stock option opportunities that some of us have.

Now, regarding the folks who actually set up these unsustainable pension benefits, especially if it benefited themselves, yes, I have a big problem with them.

[KSMountain]

[quote=pjwal][quote=KSMountain]Here’s the bio for the current CIO of Atlanta.

This will give you some idea of the kind of person we’re talking about:

http://www.atlantaga.gov/government/it/bio.aspx%5B/quote%5D

Completely unimpressive. I worked for years in the Healthcare tech field for one of the few tech startups that actually experienced some success. My experience taught me that they are the industry closest to the government in their ineptitude with technology. So it’s a good fit for Atlanta and a great move for Dan Smith, who is no doubt thinking about retirement.[/quote]
I looked for the part that said he spent most of his time fixing printers. I didn’t see it. I see a guy with a masters from Georgia Tech and a long career managing projects and people.

Yeah his bio is not my cup of tea, but clearly he looks like a pretty common exec. In the private sector he’d quite likely be senior enough to get stock options, perhaps a lot of them. From his (or similar folks) point of view, they should be thinking, “How am I going to provide for my retirement?”. In the private sector you have 401k’s/stock options, in the public sector, a pension would be part of your calculations when deciding whether (and how long) to work there.

35 years is a LONG time. I don’t begrudge the folks having a retirement, especially if they had nothing to do with the terms of the pensions they receive. Again, they don’t have the 401k or stock option opportunities that some of us have.

Now, regarding the folks who actually set up these unsustainable pension benefits, especially if it benefited themselves, yes, I have a big problem with them.

[KSMountain]

Here’s the bio for the current CIO of Atlanta.

This will give you some idea of the kind of person we’re talking about:

http://www.atlantaga.gov/government/it/bio.aspx

[KSMountain]

Here’s the bio for the current CIO of Atlanta.

This will give you some idea of the kind of person we’re talking about:

http://www.atlantaga.gov/government/it/bio.aspx

[KSMountain]

Here’s the bio for the current CIO of Atlanta.

This will give you some idea of the kind of person we’re talking about:

http://www.atlantaga.gov/government/it/bio.aspx

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