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meanwhile out on the streets heard about a few more properties with over 20 offers each in the last week

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[quote=gzz]My house has a 30-day change of 6.0%.

Zillow is pretty bad with estimating older areas with drastically different construction quality, views, and lot sizes. I also noticed they will increase a place by 25% in a year and say it went up 5%. Which is OK if they are just saying their old estimates were wrong, but this happens a lot.

They also seem to invariably have a really pessimistic 1 year price projection. During a boom with annual increases of 7% and more, the projection was always 3% to -1%, even when inventory was very low.

I give them credit for still being better than redfin. But it’s also disappointing that Zillow doesn’t seem to be any more accurate than it was 10 years ago. Appraisals are perfect for big data AI.[/quote]

No they arent which is why they arent better. They have no way of knowing what the house looks like inside, that 6K sq ft usable lot can better than a 10K lot that has less usable land, how good a view, that there can be street noise on one side of a road but not another and so on. There is no substitute for in person valuation. None! There are far too many variables that must be seen in person and the fact zillow way overpaid for many homes and lost a ton is a perfect example of it in action.

Hell last year you were going on and on about a house in Encinitas thinking it was a short walk to the beach when in reality one would have to cut through someones house and jump off a 200 ft cliff to get to the beach in the time you thought looking at google maps

On another link I posted you said it was the nicest 2br detached house you had ever seen but it was a twinhome not a detached house. Mistakes abound

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Always a bridesmaid never the bride

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[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]

Don’t be an idiot you know he meant as a whole. Of course we put our money down on various things but through hedging we diversify our risk and come out ahead consistently as compared to those sitting on the sidelines whining about missing the opportunity of a lifetime

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[quote=deadzone][quote=sdrealtor][quote=deadzone]And facebook. What is that, 2/5 of FAANG already corrected to pre-covid. Only a matter of time before Apple and Alphabet follow.
And more relevant to housing industry, Zillow, Redfin and Open Door all collapsing to pre-covid levels or all time lows in case of open.

Go ahead and ignore all of this just because you don’t personally own these stocks doesn’t change the fact that a collapse is happening.[/quote]

I hope you are right. Ive got a house to build and the money to do so. I would love to at a discount[/quote]

Or just roll the dice and put all your money into Netflix[/quote]

Smart money doesnt put all their money or hopes on one thing whether its a single stock or a market correction

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[quote=deadzone]And facebook. What is that, 2/5 of FAANG already corrected to pre-covid. Only a matter of time before Apple and Alphabet follow.
And more relevant to housing industry, Zillow, Redfin and Open Door all collapsing to pre-covid levels or all time lows in case of open.

Go ahead and ignore all of this just because you don’t personally own these stocks doesn’t change the fact that a collapse is happening.[/quote]

I hope you are right. Ive got a house to build and the money to do so. I would love to at a discount

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They have mine up 6.5% in last 30 days and 10% this year plus there are things in escrow that once closed will push it even higher. I think it all comes early this year. Called 10% in the bag last fall based upon the two areas I track weekly and already have that.

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CEO of Goldman Sachs demanded all employees return to work in office 5 days a week. Only half showed up

https://fortune.com/2022/03/11/goldman-sachs-return-to-work-employees-david-solomon/amp/

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So kind of you to do that. He’s an employee that may actually return or follow you to your next gig. Well done

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I prefer this one

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[quote=Coronita][quote=XBoxBoy][quote=flu]I didn’t even know sabbatical existed at my company.[/quote]
So when’s your sabbatical gonna be?[/quote]

Holy Shit.
I’m having a great day.
My boss just resigned.
I’m in charge now.

VP for years decided to join a startup and work remotely.[/quote]

Emperor FLU

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[quote=Coronita][quote=sdrealtor][quote=Coronita][quote=JPJones][quote=Coronita]Lol….

So one of my senior mobile engineers, the one that I previously said was working out of his RV/trailer traveling the US, decided to resign from my company. He’s going on a 6 month hike from the mexican border to the canadian border.

I was like, man that’s cool. I wish I did that when I was younger. So I tell my boss’s boss that his last day will be next week. To my surprise, my boss’s boss told me to ask him if he was interested in going on a 6 month sabbatical. I didn’t even know sabbatical existed at my company. I was told, “not officially”…. lol….[/quote]

Sounds like your boss knows how difficult/impossible it will be to replace a senior engineer. And here we are kicking around the idea that remote work is on the way out. Maybe we should kick harder so it goes away?[/quote]

I know how hard it is to replace a good senior engineer, but I didn’t think it was possible to compete against “I’m going on a 6 month hiking trip”. He’s taking the sabbatical deal. Lol…[/quote]

What a great idea! Sabbatical for me also! Got the ok from the boss[/quote]

I am sad to see him go for 6 months but I would totally do it before I settle down. Going on a hiking trip from border to border is one of those once in a life time events, and job security 6 months after he’s done is probably a once in lifetime arrangement from a once in lifetime cool boss and boss’s boss.[/quote]

Cool story. When one is faced with opportunity like that it seldom comes again in one’s lifetime

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[quote=Coronita][quote=JPJones][quote=Coronita]Lol….

So one of my senior mobile engineers, the one that I previously said was working out of his RV/trailer traveling the US, decided to resign from my company. He’s going on a 6 month hike from the mexican border to the canadian border.

I was like, man that’s cool. I wish I did that when I was younger. So I tell my boss’s boss that his last day will be next week. To my surprise, my boss’s boss told me to ask him if he was interested in going on a 6 month sabbatical. I didn’t even know sabbatical existed at my company. I was told, “not officially”…. lol….[/quote]

Sounds like your boss knows how difficult/impossible it will be to replace a senior engineer. And here we are kicking around the idea that remote work is on the way out. Maybe we should kick harder so it goes away?[/quote]

I know how hard it is to replace a good senior engineer, but I didn’t think it was possible to compete against “I’m going on a 6 month hiking trip”. He’s taking the sabbatical deal. Lol…[/quote]

What a great idea! Sabbatical for me also! Got the ok from the boss

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[quote=Coronita][quote=sdrealtor]I want gas money from Newsom[/quote]

You have an electric car, lol…[/quote]

I still want it lol

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The fruit of the vine is always the right answer

[Author]

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