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May 15, 2020 at 3:05 PM in reply to: the reopening of america is a pivotal historical moment? #817299
The-Shoveler
Participant[quote=FlyerInHi][quote=The-Shoveler]Permanent WFH comes up in every meeting we have.
Twitter and Dell have already made this policy.[/quote]
That’s going to be excellent for the digital nomad lifestyle. I like it.[/quote]
Connecticut Governor Says Days of Commuting to NYC May End.
Connecticut Governor Ned Lamont said the chief executives of some large companies have told him that telecommuting could help them save money by cutting office space by as much as 30%, signaling what may be a national shift by businesses.https://finance.yahoo.com/news/connecticut-governor-says-days-commuting-183227412.html
ParticipantPermanent WFH comes up in every meeting we have.
Twitter and Dell have already made this policy.
ParticipantYou got to wonder if when the police etc… come in and force a shop to shut down, if they know that they are kind of shooting a hole in their own wallet.
ParticipantWell I guess we would just have to figure out what it means when they just start defaulting.
Or what a mostly volunteer fire department etc.. looks like or something.
I think this is why Buffett said he would never live in CA.
ParticipantProbably why Musk has to threatened to take UI benefits to get people back to work LOL.
Yea I think it will be extremely hard to get most furloughed to go back to work for the next few months.
Or to hire low wage employees.
Participant[quote=Hobie]My cynical side says not to expect any sort of tax break. Governor doesn’t understand the magnitude of keeping the state closed and the resulting loss of tax revenue. Calif has to push tax increases and new fees to recoup some of it losses.[/quote]
When they get done adding up all the tax revenue lost by the states, it will just dwarf all the stimulus so far by a large factor and it is still going up.
I think many states will seek BK.
It will be a very very large defect, unthinkably large, just mind blowing. Unlike the FED, the states cannot just conjure up money with a few strokes on a keyboard no matter how much Newsom wants to.
ParticipantWow almost worth moving LOL.
ParticipantFlyer,
If I understand your situation correctly you do not live in CA or pay taxes here.
I don’t think you are in position to say what CA should or should not do.
ParticipantI would take it further and say almost all tech jobs will be WFH for the foreseeable future.
I hear it more and more in our company meetings as well.
Commuting is now putting on slippers and walking down the hall to the home office.
ParticipantThe last place you want to be during the zombie apocalypse is downtown.
Participant[quote=FlyerInHi][quote=Coronita]https://www.cnn.com/style/article/cities-design-coronavirus/index.html
“Nearly a third of Americans are considering relocating to less crowded places because of Covid-19″[/quote]
I saw that. It was a long article that’s was all over…. But if the headline is accurate, people will sell in LA or Orange Country to move to Spokane and Waco? Sounds like the same past exodus of folks who couldn’t hang in Cali.[/quote]
really LOL, No it means they will move from their downtown condo to the burbs.ParticipantThey are saying 70% of unemployed are just temporarily furloughed.
ParticipantIt pays to be an optimist LOL.
If the market is a voting machine then this is over very very quickly IMO, but I accept that it could go the other way. Either way most likely SoCal will be open by June.
Time will tell.
ParticipantIMO it’s possible this whole thing just becomes a distant bad memory fairly quickly. Time will tell.
I was kind of hoping for another buying opportunity but I am good if the market/economy just puts this in the rear view mirror quickly.
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