[sdrealtor]

[quote=deadzone][quote=an][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]
Of course number wfh went down. Everyone (except for essential workers) were either WFH or not working. So, yes, it is a strawman cuz no one is arguing with you about that. You’re arguing against yourself on that one. Which is the exact definition of strawman.[/quote]

No, actually people on this site have been arguing this. Many here don’t really understand mathematics. They think just because the WFH folks who moved here aren’t necessarily going back to Bay area, that this is good for the housing market. It doesn’t mean squat becauese they’ve already bought their houses. What matter is growth (positive or negative) going forward. The point is there will be less and less future opportunities to move from Bay Area to SanDiego (or whereever) to wfH going forward so there will be far less demand than there was during Covid.[/quote]

And you dont understand how thinly traded real estate is. My zip code has nearly 50,000 residents. There are currently 3 houses on the market (all way overpriced) and 40 in escrow. You dont really understand mathematics. This is the way its been for quite some time. A nice house comes on the market and dozens flock to see it but it goes to the person with the most money. There is only 1 winner and dozens of losers each time. Every week through life events, people moving up (or down in some cases) a small amount trickles on with hoards awaiting and the hoards are growing. We dont need huge numbers of arrivals from the north to change our markets. One or two a month for any reason change our market. Residents are locked in with sub 3% mortgages, low tax bills and huge potential capital gain taxes. Few want to or have a reason to sell. The point is there will be less and less future housing opportunities to move from Bay Area to San Diego so its perfectly fine that there is far less demand than there was during Covid. The market is not set by the “smart conservative guy” its set by the the “richest dumbass”

[sdrealtor]

[quote=deadzone][quote=sdrealtor]And the bulk of those who have gone back were generally lower paid and not the ones that impact RE to a greater degree[/quote]

Right, and you have some evidence to support this? Of course not, pulled right out of your sphincter.[/quote]

There are no statistics on this but all the well paid professionals I know are still working from home while the more mundane worker bees are back. So which one are you? Are you still WFH? Who from your company has already gone back? Managment or clerical?

[sdrealtor]

And the bulk of those who have gone back were generally lower paid and not the ones that impact RE to a greater degree

[sdrealtor]

FWIW I said it will continue to be a factor and a significant one. Far from the only one but one more on top of the phenomenal growth and change occurring here otherwise. Why would people live here when other places are cheaper? For the same reason they have come here in the past and we stay here. This is an amazing place to live. We are firing on all cylinders and won’t be going back to where we were. The horse has left the barn and is enjoying the plush pasture known as OOAL

[sdrealtor]

[quote=deadzone][quote=sdrealtor]
Speaking of reading comprehension issues someone seems to be stuck on the idea that we need everyone working fully remote to continue the incredible growth around here. We do not! A small handful each month arriving has and will continue to change the housing market around here[/quote]

Do you truly believe that fully remote tech jobs are currently and in the future going to be a major contribution to San Diego housing price growth? Fully remote workers can live literally anywhere in the country (or world?). Is it really logical to think they ALL want to move to San Diego which is one of the highest COL areas in the U.S.? But regardless, any way you slice it, the growth rate of tech workers going fully remote is going to be going in reverse with Covid over. I never claimed that fully remote won’t be a thing going forward. But it will never again be at the level of during Covid.[/quote]

There goes that reading comprehension deficiency again. No one said they ALL have to move here. To the contrary only a small handful. And yes I think they have already had a significant impact here and will continue to along with several other factors driving growth here

[sdrealtor]

“ You tech guys have reading comprehension issues. I said the prima-donnas are the ones who threaten to quit if “forced” to work from the office a couple times a week. Think their skills are so unique, rare and irreplaceable that they can get any job they want. I see a lot of this attitude lately and it reminds me of the late 90s when engineers were hopping between multiple startups every few months chasing higher salary and stock options. Until the shit hit the fan.”

His ax to grind is on full display here. It must suck to be so unhappy and envious. It’s not that they think their skills are so unique, rare and irreplaceable but rather they know there is tons of demand for their skills. It’s not that they are unique but rather they are under supplied. It kind of reminds me of San Diego real estate and the opportunity of a lifetime here missed! OOAL!

[sdrealtor]

[quote=deadzone][quote=barnaby33]Deadzone you really do have an axe to grind. Wow, primadonnas? I don’t know about the rest of the tech industry but I am straight of back, white of tooth and above all modest.

I offered you a rebuttal and then you said it was irrelevant. You sir are veering off into incoherence. I may be wrong but I’ve been around in tech a long time. Salaries aren’t actually that high now. During the 90’s contract software engineers (more senior than me at the time but certainly less so than me now) could regularly find 100+/hr contracts. Those are few and far between these days. Plus the cost of living has what tripled? Salaries have really stagnated and compressed. Sure a college grad now gets 80k to start but trying to find jobs above 140k is still difficult. I think you think that everyone works at FAANG or that’s the impression I get.
Josh[/quote]

You tech guys have reading comprehension issues. I said the prima-donnas are the ones who threaten to quit if “forced” to work from the office a couple times a week. Think their skills are so unique, rare and irreplaceable that they can get any job they want. I see a lot of this attitude lately and it reminds me of the late 90s when engineers were hopping between multiple startups every few months chasing higher salary and stock options. Until the shit hit the fan.

Sure most employees would prefer to work at home in their pijamas all day, save gas, avoid rush hour traffic, jerk off during lunch break, etc. But the fact is corporate management is not in favor of that because they know it is not the most productive situation. That’s why they are calling their employees back to the office now that Covid is over. You guys can whine about it all you want, but it isn’t going to change the fact that fully remote work is going to be the exception, not the norm, going forward.[/quote]

Speaking of reading comprehension issues someone seems to be stuck on the idea that we need everyone working fully remote to continue the incredible growth around here. We do not! A small handful each month arriving has and will continue to change the housing market around here

[sdrealtor]

New listings 18 (29) – last year we were putting up 20 to 30 a week through mid August. This year it looks like we’ll have to deal with about 30 to 40% less each week.

New Pendings of 19 (30) – inventory constrained

Thats -1

Closed sales at 22 –

Total houses for sale 31 (52) with median of $1.99M ($1.99M). A couple are down the street working through multiple offers

Inventory is down 40% since last year. Prices continue to march up with multiple offers on everything. My hovel will soon cross $2m on zillow. Never thought id ever see anything close to that. This is nuts

[sdrealtor]

New listings 8 (5) –

New Pendings of 6 (9) –

Closed sales at 10 (7) –

Inventory was 4 last week and 8 now so some improvement. But its all on market a week or less and likely in negotiations. It was 6 this time last year. The median list price is now $972K and was $727K this week last year.

YTD there have been 47 closed SFR sales with median of $1,011,000. Same period last year there were 65 closed sales and median was $760,000.

YTD there have been 7 sales below $850K of which 5 were off market. Any home placed on the open market is gonna be over $850K now.

MM continues its steady march up. No relief in sight

[sdrealtor]

[quote=barnaby33]Oh and I for one am not going back to an office unless forced to. If there is a bloodbath in tech it won’t last forever and my first jump would be from an office to remote, if I were so coerced.
Josh[/quote]

WFH certainly presents advantages for decanting one’s dinner wine

[sdrealtor]

[quote=spdrun]

This startup is building a remote configurable hearing diagnostic and hear aid system. The concept is to allow some elderly in the rural/remote community with limited mobility and unable to reach hear specialistics to have access to top hearing specialists that live elsewhere (IE urban areas)…

Two things:

(1) What’s to stop the companies from pushing laws that allow the specialists to be outsourced abroad or automated away? This sounds like a jobkiller long-term.

(2) People who need hearing aids should also have a checkup for other organic causes of hearing loss … a hearing aid could be hiding the real problem that’s damaging hearing long-term.[/quote]

I know quite a bit about that. The nature of the test and patient history dictates whether there could be another issue behind it. Most commonly it is sudden loss of hearing not chronic decline. Easily referred and differentiated

[sdrealtor]

Party on dead zone!

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[sdrealtor]

[quote=Coronita][quote=XBoxBoy]It’s funny. We keep talking about tech workers, but the other day I called a company’s customer service and while I’m on the line with the service rep. I could hear her also telling her kid that she needed to be quiet while mom’s on the phone. I guess she could have brought her kid into work, but I suspect she was working from home. And if you think about it, she’s saving money because she doesn’t need to pay child care, and the company is able to get a low wage worker that they otherwise might not have been able to. I don’t think this work from home thing is just about high paid tech workers.[/quote]

It’s also school district employees, who called just a few days ago, and she said she’s not in the office and she’s working from home so it’s best to reach her via email….[/quote]

And it’s health care workers also. One family member meets with a therapist over zoom. Another family member just took a work from home job counseling patients with hearing issues.

Much of the mortgage industry is wfh now also. It’s a tech wave but has created many other ripples

[sdrealtor]

Yes many of us will take advantage of another OoaL comes but not all of us. Some will always be waiting for more rather than jumping in when the numbers make sense

[sdrealtor]

Agreed! It will just be some else’s lifetime

[Author]

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