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XBoxBoy
Participant[quote=EconProf]
The exodus from CA of businesses and people will accelerate, as the “push factors” continue to grow. Can San Diego RE be far behind?[/quote]I’m hoping so! EconProf, please tell all your friends how wonderful Utah is, and what a mess CA is so they will move!
ParticipantNewsom probably keeps his job.
Small chance that recall is successful, and Larry Elder becomes governor. If he does, vetoing legislation passed by assembly will be his only way to impact the state. Not sure if SB9 and SB10 are signed by Newsom yet or not. If not, I suspect Elder would veto them.
ParticipantFirst take note that SB9 has not yet passed and been signed into law.
I too wonder what will happen. I live in an area of LJ that is all single family homes. If this passes and someone decides to split the lot and build multiple units on a single lot I can only imagine the crazy level of outrage that will generate. So, I find it hard to believe that if passes and it seriously allows that, it won’t be overturned.
But I guess we will see.
Participant[quote=sdrealtor]It was never intended to be a hard and fast measure but multple measures to understand the direction and velocity of the action in the market. Does that make sense?[/quote]
Umm… not really. If you want to show the direction and velocity of the action in the market, new listings minus pendings isn’t a valid way to do that. Number of active listings this week minus number of active listings last week is the stat you’re looking for.
That being said, don’t take me wrong. I’ve enjoyed following this thread and appreciate the work you’ve put into.
Participantsdrealtor, what’s up with your math… Every week you report the number of houses for sale, and you also report the change.
Previously August 19 you reported 64 houses for sale, and then August 25 you reported 68 houses with a change of -13 but going from 64 to 68 isn’t -13, but +4. August 31 66 houses with a -12 (which should have been -2) Sept 8 you report 59 for sale, with -17 (which should be -7)
If nothing else I’ll give you that you’ve been consistently wrong every week.
Participant[quote=EconProf]But yesterday a factoid came out from the Hoover Institute of Stanford University that is more relevant to RE trends. CA has lost more businesses to other states so far this year than all of last year: 74 so far in 2021 vs. 62 in all of 2020. So the exodus of people (as per Census Bureau) and businesses is accelerating.[/quote]
Honestly, truth be told, I hope a lot more people and companies leave. It would make me very happy to have fewer people in San Diego. (It would also make the ridiculous rise in house prices slow which I would like.)
Unfortunately, from everything I see, people aren’t leaving, house prices are still rising, and California still seems to be the land of opportunity. I wish it wasn’t so, but it does seem to be that way.
ParticipantThis thread has been great for me. When this thread was posted, I was tempted, but didn’t sell anything. (instead I have continued my steady dribble of savings into the stock market)
This thread has confirmed for me:
1) that I should never take advice from people on the internet
2) that I am not a speculator, that for me the only viable strategy is buy and hold.
3) I am not able to time the market, not even close.I need to see these sort of threads to be reminded of these things.
ParticipantHad the plumber out, expecting to replace the water heater. He took one look at it, and said that some of these heaters have balls in them right where the water comes in and where it goes out. That he would remove the balls and that it would be fine. And sure enough in an hour we had hot water flowing out of the hot taps as fast as cold water will flow.
I’m not really sure what he meant by balls in the water heater, I’m thinking he meant filter screens on the intake and outtake. Or possibly one way flow valve. Either way, removing these balls freed up the flow.
I was just glad he only charged my $200 (he did put in new flex pipe) and didn’t sell me a new water heater which would have been $1600. Although because the heater is 11 years old, I’m sure I’ll need a new one before too long. (the plumber did say the heater seemed to be in pretty good shape.)
Thanks for all the input.
Participant[quote=deadzone]Long term, it will take strong growth in high paying industry to keep prices high here.[/quote]
Don’t count this possibility out. Suppose for a second that your are correct that work from home is a temporary thing. People who have moved here and then are told they have to report back to an office in LA or Silicon Valley. What do they do? You seem to assume they move back. I on the other hand assume they quit and start their own companies here in SD. Some of these companies will fail, but some will succeed. We could have the next Google, or Facebook, or Apple, here in SD. There is no reason those types of companies have to be in Silicon Valley.
August 5, 2021 at 1:03 PM in reply to: Zillow bought a house in a neighborhood where I’m active #822885ParticipantI notice that this home is now pending. I wonder how much zillow will make off this transaction?
Participant[quote=deadzone][quote=XBoxBoy]In a crazy twist relevant to this thread, I found out today that about 1/3 of our development staff is working on a “side-project” in their “spare time” while working from home. Something they hope will allow them to quit and create their own startup company. Of course upper management knows nothing about this.
It’s a fascinating idea to me that maybe companies suddenly start loosing work from home employees because they’ve had enough time to pursue their start up dreams… Suddenly your employees are your competitors![/quote]
Doesn’t surprise me at all. Like I keep saying, this work at home concept is clearly unproductive and ripe for abuse. Management not having any visibility into their employees whereabouts is not sustainable. Anyone who thinks this can continue forever is in fantasy land.[/quote]
If you only look at it from the employer’s point of view I agree with you, but I’m fascinated with the idea that in the next year or two we could be seeing an explosion of new startups. These are people who used to think they needed to go to the office every day and work a job. Now they have been working from home for the last year and found they like it. The boss is making noise about getting people back into the office and these folks are thinking about an alternative to what they used to do. It could be really interesting to see this unfold.
ParticipantIn a crazy twist relevant to this thread, I found out today that about 1/3 of our development staff is working on a “side-project” in their “spare time” while working from home. Something they hope will allow them to quit and create their own startup company. Of course upper management knows nothing about this.
It’s a fascinating idea to me that maybe companies suddenly start loosing work from home employees because they’ve had enough time to pursue their start up dreams… Suddenly your employees are your competitors!
Participant[quote=svelte]The first guy mentioned (holds jobs for 2 months, does nothing, gets paid then fired) would never be hired by me because I’d trash-can his resume as soon as I saw the length of his stay at his prior employers.
[/quote]Somehow I doubt his resume accurately reflects his work history. You would only find out after checked references, and I wouldn’t be surprised if he doesn’t have references that are less than honest.
Participant[quote=deadzone]It is so obvious that a large percentage of folks are just effing off most of the time with this work from home situation. [/quote]
How is that different than all the effing off they were doing while at the office?
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