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no_such_reality
Participant[quote=CA renter][quote=no_such_reality][quote=CA renter]I don’t think these investors really understand what they’re getting into. [/quote]
Yes they do. For the bigger funds, it’s a distributed apartment complex that will be managed by a subsidiary that will be indistinguishable from the IAC arm of the Irvine Company.
Or the smaller ones, a cut-rate West Side Rental churn and burn.
And what that really means is that sans a significant vacancy problem, renters will see severe upside pressure in rents and churn.[/quote]
Fair enough. We’ll see how things go in 5-7 years.[/quote]
Don’t get me wrong, I think it’s really bad for housing and people the move by hedge funds into housing.
Personally I consider most of the PM firms in LA/OC to be marginally better than slum lords.
I suspect any renters not willing to fight, against people that love to fight, basically will be forfeiting their security deposit and facing the maximum possible rent increase at every opportunity.
Participant[quote=CA renter]I don’t think these investors really understand what they’re getting into. [/quote]
Yes they do. For the bigger funds, it’s a distributed apartment complex that will be managed by a subsidiary that will be indistinguishable from the IAC arm of the Irvine Company.
Or the smaller ones, a cut-rate West Side Rental churn and burn.
And what that really means is that sans a significant vacancy problem, renters will see severe upside pressure in rents and churn.
ParticipantRegulated in the late 1700s meant well functioning, not regulated as we know it today.
The 2nd Amendment as written then essentially reads,
A well functioning militia, necessary for a free state…
Hence the 1792 law requiring people to own the weapons.
January 24, 2013 at 4:08 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758508Participant[quote=flu]
Well, since most of my earnings this year is in an IRA, I guess I don’t need to pay for it, not now at least….Lol….[/quote]I know you’ve heard of a required minimum distribution.
Have you heard of the Excessive Distribution Minimum Tax?
January 24, 2013 at 3:49 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758506ParticipantI don’t think anybody is faulting or denying someone a reasonable pension for working 40+ years. In fact many of pension currently being drawn are quite modest.
The problem is the 90s/00s giveaways, particularly to ‘safety’ workers. That resulted in pension spikes like this for OCFA.
And no, none of the changes made for pension reform change this for existing employees, just new hires.
Participant[quote=AN][quote=no_such_reality]You’ve got ten years. 🙂
I myself am going for version 2.5 of Professional NSR, it’s life expectancy is roughly 5 years. Then I need to do a version upgrade, 3.0…[/quote]
Only 3.0? I think I’m on version 7.0 right now.[/quote]V1.0 Electro-optic Enginerd
V2.X Info-Tech EngiNerd/Management (probably more than .5)
V3.X ???Something like company 9 job 21. Gen-X we get all those grand working conditions…
ParticipantYou’ve got ten years. 🙂
I myself am going for version 2.5 of Professional NSR, it’s life expectancy is roughly 5 years. Then I need to do a version upgrade, 3.0…
Participant[quote=flu]
Bring it .[/quote]I’m curious, have you seen Shipping Wars?
I see software development going to same way. Time, distance, location, all will basically be immaterial.
Just 200 Million people doing clever language tricks scrapping for a gig.
ParticipantJust to unhijack the thread I started…
Back to real problem, in four years, we’ve increased the number of people needing assistance for food by roughly 75%. And in a concrete real sense, by 20,000,000 people.
That increase was driven by the decrease in middle income opportunities available which are steadily being replaced by low income opportunities for those without the current skills to create.
Traditional middle class roles that are predominately basic labor are steadily disappearing. Hence, $66K a year meter-readers are the utilities are rapidly becoming extinct. Those jobs will not come back. That same trend is shifting into ‘thinking’ service functions. Grocery checkers, customer service reps, financial analysts, stock brokers, basic info-tech, basic engineering, buh-bye. Medical isn’t safe either.
This is a problem for the haves and the have-nots. The 1% will not care as their money will last for them and theirs. The rest us facing heightened competition.
Most importantly, what people seem to missing, is it doesn’t only matter how good you are. How smart you are. Or how hard you work. It doesn’t matter if you’re the best, when there are 300 people that can do the job lined up for it.
If you can create and solve a unique problem, market it, produce it and sell it. You’re okay. You’re going to need to be able to employ yourself. And you’re going to need the soft-skills to align people to you.
Note: Rich T, can you do us a favor and reduce those graphics?
ParticipantYou might be right, but I think that 15% living well will really be 5% or less.
With 15%, it’s probably doable. As that 15% falls to 10% or 5% or less, at which point isn’t it.
The living waged in EU are pretty good, but let’s be honest, Spain, Italy, Greece, looking a lot like a house of cards, Germany looking pretty good. France? Looking a lot like the PIGS if you’re young or an immigrant, looking like Germany, if you’re employed and older.
Participant[quote=UCGal]
They are trying to convince me to consider teaching for one of these programs as a part time gig in semi-retirement. I’m considering it – but still have to get past the profit over student’s interest piece that bugs me.[/quote]The students, it is better and faster and often, cheaper. Even if it is for profit.
It’ll sort itself out once people realize they need to look at attending school as their for profit activity. Are they investing in something that will get them more money, or are they really, just purchasing entertainment.
Participant[quote=The-Shoveler]
Really do you just think it would be like Mad Max or something?[/quote]No, I think it’s going to look a lot more like Caracas now or Rio of 20 years ago.
As for STEM degrees, well, that’s going to be our biggest failing. First we don’t train enough, second, we’re shipping all the junior roles out.
It’s really hard to get to be one of the thinkers that knows how things work, if you haven’t really had a good chance at learning the ropes. Those ropes learning jobs even in STEM are getting rarer.
China is building their Hoover dams, their NASA programs, their Interstates. We’re spending billions trying to protect people that don’t give a rats as about us from a bunch of thugs and doling out pork.
ParticipantAN, ironically, I think the current kid’s generation, the second half of Generation Y and the current post 2000 born children will be fine.
As much as they get dissed, they oddly, have been conditioned by technology to adapt, plagiarize and use.
I foresee more and more business shifting to ‘small business’ even though their revenues may be in the tens of millions or billions, like Valve.
When you look at Google, or Amazon and the ability to stand up so much professional business enterprise class functions by yourself just out of their app marketplaces and oddly, combine it with the mindset displayed in “The Four Hour Work Week”, the kids get it.
They’re used to thinking, I need an app to do X. And that app to do X is steadily approaching 99 cents.
Participant[quote=flu][quote=no_such_reality]
It may be 10 years out. Maybe 20. But think of how many people you work with are really just doing stupid language tricks.[/quote]
I would say a lot of them 🙂
Meh.. I don’t care. I’m out the workforce by then.[/quote]
Hopefully me too. But I’m thinking about your kid, and my 2 year old.
IBM: $106B in revenue, 440,000 employees and falling.
Google: $38B in revenue, 53,000 employees
Valve: $2.5B in revenue, 400 employees…The Valve new employee handbook is quite interesting. I wonder how many will be able to adapt to it?
Now let’s translate. If we grow our economy to $20 Trillion and we continue to produce like IBM, we need 83M workers ($20T/$106B)*440K
Like Google and we need 28 million workers.
Like valve and we need 3.2 million workers…
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