Posted on 02/28/2019 8:55:30 PM PST by ProtectOurFreedom
I had lots of houses in the Bay Area and even sold and left for good, but an accident in the family brought us back. Only by luck were we able to get a small condo, which has also doubled in price. I had a small house in Palo Alto once for 46 K. Could not afford it now, and did not keep it — dumb.
You are right about companies moving, but my experience with this is a lot of the best don’t move. Too happy with this area. So its a benefit for the lower ranked employees who are willing to move to Texas or somewhere else in the south?
What has happened to the central valley is criminal. But a better plan could still bring it back. more stored water, electric rail to the bay area (forget this high speed stuff — just electrify what we have today) and clean Gen IV nuclear power. But they won’t do it.
A lot of lower ranked people, if they are staying with the same company, keep their California salary when they move elsewhere. I had a guy working for me who moved to North Carolina and we kept his CA salary. He lived like a king there. It was like he was one or two levels higher in the company.
Yes, companies are reluctant to tell an employee that they have to take a lower salary when moving into a lower standard of living area. The same happened to me when I moved with Lockheed to Austin. But then they closed the Austin facility and left me holding the bag. So there are some good things and some bad.
I’m so close I can breath on the glass and make it foggy... I’m hoping by the next election to have finally made it over the mark.
I’m debating - since I’m not in the IPOs for any of these - if I should watch the initial run-up and then do a short play. It seems to me that a lot of IPOs do an initial run up and then drop really quick to their stable price - usually 5-10% below the actual opening bell of trade.
I got blasted last fall on some calls I bought prior to the election - when the house went Dem I got burned and lost my little stash of trade-for-fun money.
Don’t you think some of these off good opportunities to buy into the next Google or Amazon? I remember the IPO days of those and thinking “Good Lord these are overpriced.” Wish I had gotten in then.
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