At least before Facebook starts doing reverse splits to save from getting de-listed. Yup, I said it.
http://money.cnn.com/2012/04/04/technology/yahoo-jobs/index.htm?iid=Lead
Now we know which homes will absorb the Facebook demand for housing
By RentingForHalfTheCost Follow Wed, 4 Apr 2012, 7:16am 11,657 views 78 comments
In San Mateo CA 94404
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San Francisco, CA
Nomograph says
HAHA! I really do think this is pretty funny. Just the way you worded it.
Maybe it's true for some here. Based on statistics, I do make enough money. Based on how I want to live, I don't. I don't accept the lifestyle lived by people at my income level. I don't drive a BMW. I don't own a house.
I was hanging out with coworkers in a bar recently and one of my friends at work was showing off his NINE THOUSAND DOLLAR watch. I still can't believe he goes around wearing a $9k watch. Maybe he has family money, or something I don't know about, but I know I have a higher income. It doesn't matter, though, because no matter how much money I make, I won't wear a $9k watch.
I'm aware of how much money the average person(worldwide) makes and how far the average person(worldwide) walks for water each day. This awareness prohibits me from spending certain sums of money on certain items.
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Roslyn, NY
Facebook is a over-valued worthless company that will go broke. If you own stock... Sell out!
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Belmont, CA
Nomograph says
Most of the people on the peninsula are house poor morons or people who have been here for 20-25+ years. I personally know many house poor. Its insane, and the schools stink on top of it all.
Most of the smart people who have not won a "lottery" , RSUs or a startup pop are moving out. See you all later.
Between rent control, prop 13 and idiotic zoning and fools in 1950s moldy rickety earthquake-deathtrap termite laden tiny with knob and tube wiring who are living WAY worse than poor people in a double wide trailer do keeping the zoning the way it is, you can see how idiotic regulations and rules have caused the valley to turn into a unaffordable, bad schools, anti family anti middle class hole. The pay here is no longer enough to offset cost of living. not even close. Unless you have big RSUs or are company executive or senior sales, this dump is no longer paying nearly enough to live here. Its a sad, burned out husk thats way more like Wall Street than like the innovation valley it used to be long ago.
Im done. Its not worth it. The quality of life here is much, much lower than you think. I know because I visit people making less than half what I make in normal areas, they have a LOT more fun as a family than here.
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Robber Baron Elite Scum says
Absolutely. In the end, the whole point of ANY of what we do is to find happiness. Having kids and raising them well...the point is to make them successful because you would be UNhappy if they weren't! Working a job that you may or may not care about...the point is to get some money so that you can live where you want, eat what you want and have hobbies/travel/whatever.
So many people, of all classes and races, have totally lost sight of this. They are totally fixated on the "make money" part, since it IS a part of the happiness equation, but forget that it is only one part of it. The point is to live your life, since you only have one. So many people completely forget to live while they are engrossed with getting money since they "need it to live how they want." Well, what good is all that money if you piss away 20-40 years of your life chasing it...you are going to be too old and too out of shape to do a lot of the stuff that you dreamed about when you were in your 30's & 40's!
It's about finding a balance. It's about thinking for yourself and not blindly accepting society's dogmas (aspire to home ownership, money = success, what strangers think of you is important). It's about living your own life, for yourself. Living life has become synonymous with "making money" which is just sad. Yeah, you do need it in this society, but you are a fool if you let anyone but yourself decide how much you actually need to get what you want. It is also foolish, and in fact very dangerous, to let anyone else tell what you want.
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wthrfrk80 says
That shit drives me insane. Yeah buddy, sit there waiting for 5 minutes for someone to leave a close spot, and block up the parking lot. Nevermind that I parked 50 feet further away and am walking past you while you are still waiting. I'd say that I don't understand how those people think, but I know that this sort of idiocy comes from NOT thinking in the first place.
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Danville, CA
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Nomograph says
The house we just bought in Danville is better built than the one my parents built in Ohio in 1975. We gutted it to the walls upstairs. I saw for myself.
My question is, why do you need to act like a child?
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wthrfrk80 says
Ha, "the weather" likely only affects these goobers twice a day: when they walk from the car to the office, and when they walk from the office to the car. The rest of the time they are glued to a LCD screen or TV. It really chaps my ass that people love it here for "the weather" and barely spend any time outside. Given how much time I spend enjoying the outdoors, these sissies really need to go seek their fortunes somewhere else since "the weather" has negligible effects on them anyway.
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Detroit is great. Housing practically free. Any 10 year old kid on any street corner will sell you an AK and 10,000 rounds of ammo for $100. Potatoes grow well. Paradise.
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Tarzana, CA
Sorry if this is not an exact thread match, but this article basically validates what has been dicussed on this blog for YEARS.
The housing market is rigged, especially in regard to high house prices.
http://www.msnbc.msn.com/id/46971242/ns/business-real_estate/
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Nomograph says
Explain home prices in Bay Area from 1992 to 1997 ?
Why was it so much cheaper compared to income vs today ?
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Roslyn, NY
bmwman91 says
You summed up Indians and asians very well.
These bastard monkeys think that "top schools" is going to automatically make their children successful.
Most of them force their children to go into medical, law and engineering thinking that's they only way to make huge shit loads of money. Anything else is to them guaranteed poverty.
Those careers except engineering are no longer easy to make money in. Even engineering is becoming a bit more hard.
They are the biggest pussies I've ever known in my life. They only pick these careers because they are fearful and need some type of career which is rigged in it's salary. Medical is one career which is rigged by the American Medical Association to keep salaries artificially high.
But the salaries of doctors is beginning to collapse slowly.
They earn 300K a year working 60-80 hours and then blow it on some overpriced million dollar cardboard dump.
Buy a bmw/benz/lexus usually on a loan or on lease. And the rest of their money they spend on clothes to keep up appearances along with spoiling the shit of their little brats.
Indians/asians are the most cheapest and greediest people but they are defiantly NOT good with money, investment or saving. Their delusion to me is astounding.
They feel a 300K salary makes them super-wealthy....
That's actually no where near wealthy anymore. Decent and comfortable lifestyle? Defiantly. But rich? Fuck no.
2/3rds of doctors and lawyers end up broke at the end of their life. Remember that.
When you give fearful brain-dead peasants a little bit of money, they end up thinking they are more than what they really are.
The medical insurance scam along with the pharmaceutical cartel plus AMA limiting the number of doctors admitted into practice to purposely rig the salaries to keep them higher along with denying medical school admission for no fucking reason to well-qualified candidates other than limiting the number of doctors to perpetuate their propaganda of a "shortage of medical professionals".
The medical insurance system also drives up medical costs and thus salaries. It is an unsustainable ponzi scheme which will collapse and the yearly debt from this insurance system is paid by the tax payers.
Sorry to get off topic...
But the majority of these FOB indians and asians are involved in this profession.
And by the way...
Never ever deal with a Indian or asian when buying or selling real estate. They are the worst people to deal with. Very unreasonable and demanding more than what they deserve.
I predict that Asians and indians will be the poorest people when a crash in the whole economic system comes in America.
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Roslyn, NY
Cupertino will one day become like Detroit.
As what happened to the auto industry in Detroit will happen to the computer/technology/internet industry in Cupertino.
Only 100X worse. At least the auto industry actually produced something of real tangible value.
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Robber Baron Elite Scum says
In the auto industry, you can always put more options into next years model plus inflation will increase the price of the autos sold in the future.
Its the opposite in tech land.. todays product does 10x more and will cost 1/10 then similar product 5 years ago.
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Robber Baron Elite Scum says
Egos !
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Roslyn, NY
bmwman91 says
I only partially agree with you and I only partially disagree with you.
Spending 50K a year to study literature is defiantly DUMB.
But neither is it einstein smart to go into a career you hate, have no REAL interest in, desperate for money and are just doing it to make your parents happy.
Trust me... The majority of these fucking chinks and hindu monkeys are ONLY going into medical for the MONEY... They don't give a fuck about helping sick people, healing the diseases or saving lives...
They DO NOT GIVE A DAMN FUCK ABOUT THAT.....
These clowns think they will make millions of dollars no joke! I know one that thinks $1,000,000 is going to be possible as a general doctor owning his own private practice.
What a dumb brainwashed idiot... Private practices ESPECIALLY general family private practices are being bankrupted by insurances companies, lobbyists and government policies. By the time, he graduates and has done residency... The game for private practice will be long gone OVER. And he'll have to take a much lower salary than he anticipated working for a hospital or a big medical center company.
Doctors are now being employed NOT self-employed like before.
The big money in being a doctor is no longer going into their pockets anymore. Gradually all the big money is going to the insurance companies, big hospitals, big medical centers, pharmaceutical companies and the government.
Not to mention the massive turd of fucking debt just to go to fucking medical school. You first have to take 4 years of useless college. ONLY than can you apply for admission to medical school.
If they don't take you.. which they don't for the majority of candidates who are more than well-qualified... YOU ARE FUCKED!
The majority of people trying to be a doctor never become one. And a very high percentage of doctors hate their job.
Why? Because they just want money. That's it. They don't give a flying fuck about helping anyone.
It's all about materialism. Make mom and dad think you are better than everyone else because you make a certain amount of money. Their parent's than go to family friend group parties to brag about it. That's all it is.
Trust me, I know their culture very well.
Now, I don't think their is anything wrong with that. The problem is that they are not fucking honest about it. But also is the problem that they are chasing after peanuts while being so fucking proud that they spend all of it like money is going out of style.
$300K is nothing when you factor in how expensive everything has become. It really is not the same money it was before. Nowhere near rich or wealthy EVEN as a single person with minimal expenses. Just being well-off and doing good doesn't make a person Rockefeller rich.
Also remember that $300K is not a likely salary for a new general doctor. More like $175K MAXIMUM. Realistically $150K.
Then you must factor in student loan debt PLUS insurance PLUS taxes PLUS living expenses. Most of them have a very expensive lifestyle.
And their kids aren't really putting effort into anything. Medical school doesn't teach you jack shit. Many doctors are the biggest fucking idiots who are nothing but dangerous to your body and health.
And working on the job, do they put in any effort? Fuck no! They just write scripts to toxic drugs so you die faster while pocketing kickbacks from the pharmaceutical companies to prescribe their trash. Big conflict of interest!
The most time a doctor spends with you is a short quick few minutes. The nurses and the physician's assistants' do the majority of the work and tend to be in many cases smarter than these fucking smart aleck posers.
Yuppies like these immigrants will be slaughtered in the coming crash. They are the most blind idiots to not see what's going to come and how absolutely catastrophic the condition of the economy is really in.
Going to medical school and law school to expect yourself to make millions automatically is a disaster recipe.
And trust me. A lot of people are doing just that. They will be severely disappointed.
bmwman91 says
Chinks and hindu monkeys are also lazy. They don't do shit besides using loopholes, artificial market salaries and short-term gimmicks to earn the "$300K/year" lifestyle.
And than they blow that money as much as they can. That's what all Yuppies do. Doesn't matter if they are white, asian, black or indian.
I understand mexicans, whites and blacks also have this problem...
But to be completely honest... This problem is many many times greater in indians and asians. Their level of entitlement, pride, materialism and ego-trips are completely over the top.
It's so easy for me to tell these kids don't really have much of a passion about medical school. They just want money...
And I don't think there is anything wrong with that. The problem is that they are so fucking dishonest about it and way too much of a fucking PUSSY to start a business if money is what they really want.
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Roslyn, NY
Also a bank will give anyone with a valid medical degree and a valid license to practice medicine a mortgage/loan as long as they have a down payment and ok credit.
And the mortgage/loan they will approve them for will be VERY recklessly high.
They are given mortgages by banks they have NO FUCKING BUSINESS taking. And they only get that mortgage approved because their occupation happens to be doctor or something considered "safe".
Otherwise a similar applicant with the same income and same credit except different occupation would NOT get approved for that same mortgage limit.
Due to these reasons as well. The majority of doctors live very high on credit cards, car payment, mortgage payments and a expensive lifestyle.
They are yuppies... Spend till you are broke.
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Roslyn, NY
thomas.wong1986 says
+1
Exactly!
thomas.wong1986 says
+1
And trust me, I've seen a lot of them with egos!
They are the most smug group of people. I really hate to sound racist but I have NEVER met truly humble indians and asians.
They always love to brag about their worthless educational degrees and think they are so fucking smart than everyone.
They are the most annoying people to be around. And if they are find out you are 100X wealthier than them but you don't have any special university degrees...
They become EXTREMELY jealous and envious. They actually begin to hate you. No joke.
They also begin to put in smart ass comments like "If your business fails, than what will you do."
Well you dumbfuck... That's what FUCKING SAVINGS ARE FOR... Which you idiots never do.
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Roslyn, NY
SparrowBell says
Perhaps...
I've defiantly seen the crazy spending though. $150,000 one night parties.
Indians doctor being arrested for $2,000,000 insurance fraud. Another one did $10,000,000 million dollar fraud.
I knew these people by association.
SparrowBell says
This is grossly false. They are many well-qualified candidates with high GPA that are never accepted into medical school when they fucking deserve it.
SparrowBell says
They don't make excessive amounts of money for the service they provide. So comparing Asia to here is not relevant to this discussion neither applicable.
SparrowBell says
No. I disagree. I'm just giving them what they deserve.
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Corning, NY
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noooooooo not another Race War...aaaarrrggghhh...;)
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Corning, NY
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bmwman91 says
Very true, sadly. It's even more true in an area where shacks sell for half a million bucks. Is nice weather really THAT important? Central heating/air conditioning were invented for a reason.