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If tech is so deflationary, why the hell is everything inflating. It fail the reality test.
A car today, compared to 20-30-40- years ago, is more expensive due to inflation in material and labor, that is the reality. Costs are passed through to consumer with higher prices.
However, the opposite is true with tech products... even though we use inflationary labor materials, we certainly have seen deflation in retail prices. A very tough business to be in given how much pressure on margins we get. Prices drop for many reasons... That PC/Laptop you are using is 10 times better than 10- 20- years ago and certainly far cheaper to purchase. The same is true with Storage/ Semiconductor / and some software products. All of these are life blood of South Bay economy. (PS. Why did IBM get out of all these markets years ago ?)
So higher rents or home prices will force employers to move out more operations out of the SFBA to remain competitive. Why else have we seen job migration over the coarse of the past 10-15 years ? There is a reason for all these.
ON THE RECORD / CARL GUARDINO
Published 4:00 am, Sunday, May 13, 2007
Hewlett-Packard and Dell are the top two computer-makers in the world. Corporate headquarters for HP are located in Palo Alto and Dell is in Round Rock, Texas. Obviously, they both have people and facilities around the globe.
In those two communities where their corporate headquarters are and where a lot of research and development takes place, the median resale price for a home in Palo Alto is about $1.6 million. In Round Rock, Texas, it's about $180,000, except the home and property are bigger.
We hear from HP all the time that a huge deterrent to the ability to recruit and retain people anywhere near Silicon Valley is the housing issue. We don't hear that from Dell, which is also a member company, about their operations in Round Rock. It does continue to plague us and we will continue to sound the alarm.
tatupu70
2013 Jul 24, 8:59pm
Only care about my apples. If people want to give away their apples for rotten tomatoes that works for me. 3K/mth renting verses 9K/mth ownership is not hard math to do. Although, I was always top of my math class, so maybe it is for some. ;)
OK--Mr. top of your math class, how about you show your work?
B.A.C.A.H.
2013 Jul 25, 1:22am
thomas you crack me up using electrons and your calories to argue with a hipster Cool Aid drinker with a prestige credit card handle.
Don't you know that the further away the hipsters are from using science to solve problems and create value added things, the more (Moore?) authoritative are their platitudes about "technology"?
Don't waste your time.
B.A.C.A.H.
2013 Jul 25, 1:24am
Oh Amex black Platinum AMX (thanks for the very Cool Correction, gentlemen) you're soooo Cool!
B.A.C.A.H.
2013 Jul 25, 2:11am
Oh Amex black you're soooo Cool!
1) No doubt SFace is really cool. If we have to take a vote on Patnet, I bet SFace will win hands down.
2) It's a Silver AMX, not black.
3) What's your beef with SFace? I believe he adds more value to this board than other individuals.
Yes he is!
Shows how Un-Cool I am here in the trenches of "tech", I dunneven know my Amex colors! Thanks for setting me straight on that!
And yes he does add value, if more wealthy folks will listen and act on his platitudes and keep on bidding up home prices here, to keep the assessments and local gov't revenues rising, it'll add more value like you said.
Sky's the limit! Cool and Hip!
thomas is old and jaded and its different here. Its different this time. S/he needs to chill out and hop on the bandwagon; ride the gravy train.
Goran_K
2013 Jul 25, 2:17am
Oh Amex black you're soooo Cool!
1) No doubt SFace is really cool. If we have to take a vote on Patnet, I bet SFace will win hands down.
2) It's a Silver AMX, not black.
3) What's your beef with SFace? I believe he adds more value to this board than other individuals.
APOCALYPSE is far cooler, it's not even a contest.
FortWayne
2013 Jul 25, 2:49am
A friend of mine was visiting from Norway in 2009 and she looked in her rearview only to see a homeless person squatting in traffic and taking a dump. She couldn't believe it. A lot had changed since her last visit in '89
I feel the same way, I think as a nation we are losing our greatness, the last frontier of freedom and prosperity for the working man.
B.A.C.A.H.
2013 Jul 25, 2:56am
Hey you can believe rent is coming down.
I don't think housing/rent is coming down in a built up and and built out, overcrowded geographically constrained region that is The Wide Open Prairie Spaces at Bargain Prices compared to crowded places like Shanghai and Mumbai where so many wealthy folks who covet to live here are from.
Sky's the limit!
Goran_K
2013 Jul 25, 3:08am
A friend of mine was visiting from Norway in 2009 and she looked in her rearview only to see a homeless person squatting in traffic and taking a dump. She couldn't believe it. A lot had changed since her last visit in '89
I feel the same way, I think as a nation we are losing our greatness, the last frontier of freedom and prosperity for the working man.
The destruction of the middle class over the past 20 years... Well you know the story.
APOCALYPSE knows the ending.
B.A.C.A.H.
2013 Jul 25, 5:39am
Deflationary Tech Industry.
"The complexity for minimum component costs has increased at a rate of roughly a factor of two per year".
Dr. Gordon E. Moore, Electronics, vol 36 (8). April 19, 1965. - Moore's Law, first publication in his own words.
Yes friends, as it was when Moore first said it in Silicon Valley in 1965, just as it ia now: it's all about Cost Reduction. Deflation. As in the economies and efficiencies that the New (Cool and Hip) media companies in the region are up to in order to wring out more blood from the stone of the declining purchasing power of working class folks.
Cost Reduction. Deflationary.
"The complexity for minimum component costs has increased at a rate of roughly a factor of two per year".
the reasoning is simple...
first gen chip will have one transistor and cost $100/transistor. TC = $100
second gen chip will have two transistor and cost $50/transistor. TC = $100
third gen chip will have four transistors and cost $25/transistor. TC = $100
and so on and so on...but it still costs $100 to make the chip.
Much of being fixed costs cannot change as easily as variable costs.
Then came the global competition from Japanese .. as they sold their
for less than US...
The fact is Moore did not predict price competition (price wars) what would force price discounts. Nore did he foresee many clones being introduced to force US manufacturer out of business. Truly no one wants to see average selling prices
collapse. Back in 1985 it was the turning point.
http://money.cnn.com/magazines/fortune/fortune_archive/1985/07/08/66112/
NOW, THE JAPANESE CHALLENGE IN MICROPROCESSORS Japan's largest chipmaker is moving fast to break the U.S. hammerlock on computers-on-a-chip and open the way for Japanese domination of the entire computer industry. The legal and commercial barriers loom large, but they may be breachable.
By Bro Uttal RESEARCH ASSOCIATE Nancy E. Marx
July 8, 1985
Then came the global competition from Japanese .. as they sold their
for less than US...
In the late 80s, the semiconductor industry was dominated by the Japanese: NEC, Hitachi and Toshiba.
Now in 2012 we're led by Intel, Samsung and Qualcomm. 2 out of the top three are based in California.
In fact in 2012 5 of the top 15 semiconductor companies are headquartered in California: Intel, Qualcomm, Broadcom, AMD, Nvidia
In fact in 2012 5 of the top 15 semiconductor companies are headquartered in California: Intel, Qualcomm, Broadcom, AMD, Nvidia
most of the operations are out of state... AMD my former employer has a few hundred in Sunnyvale, the vast majority 9000 are outside of CA. The same is true with Intel and many major tech firms. The term "headquarters" means very little.
In the late 80s, the semiconductor industry was dominated by the Japanese: NEC, Hitachi and Toshiba.
No one saw that coming and we got the shit kicked out. It wasnt pretty as we bleed jobs ! I worked at AMD back then.
RentingForHalfTheCost
2013 Jul 25, 4:25pm
Only care about my apples. If people want to give away their apples for rotten tomatoes that works for me. 3K/mth renting verses 9K/mth ownership is not hard math to do. Although, I was always top of my math class, so maybe it is for some. ;)
OK--Mr. top of your math class, how about you show your work?
Sure
3k/mth rent
9k/mth to own
Any questions?
New Renter
2013 Jul 26, 12:56am
Only care about my apples. If people want to give away their apples for rotten tomatoes that works for me. 3K/mth renting verses 9K/mth ownership is not hard math to do. Although, I was always top of my math class, so maybe it is for some. ;)
OK--Mr. top of your math class, how about you show your work?
Sure
3k/mth rent
9k/mth to own
Any questions?
Yes. How many sqft house/yard, what school district, how long have you been renting and how did you come up with $9k/mo to buy?
RentingForHalfTheCost
2013 Jul 27, 4:58pm
Sure
3k/mth rent
9k/mth to own
Any questions?
Yes. How many sqft house/yard, what school district, how long have you been renting and how did you come up with $9k/mo to buy?
1800 sqft/ 11000sqft lot / pool/spa, grass, trees, bbq area, privacy
Pleasanton schools
1.5 years now at this place
9k/mth is the ownership cost to buy this house in today's market. Current value is now 1.3m looking at similar housing sales the last few months. Taxes alone would be over 14k/year. That is almost 5 months rent right there. Forget the upkeep, lost opportunity with the 20% down, mortgage, closing costs, realtors grap, etc. etc. Buying is just silly right now. Has been for a while.
RentingForHalfTheCost
2013 Jul 27, 5:04pm
RFHTC is doing "other favors" for the landlord. That hardly counts as a real rent vs buy analysis for the rest of the world.
I guess I am. I am taking care of the house. I do take the leaves out of the pool filters, clean the bbq when I am done, make sure the place stays cool so the paint doesn't peal from the walls in summer, fight the occasional ant attacks as nature is trying to fight back, and keep using the doors so they don't get stuck over time.
I guess I am just a great tenant. ;)
Sure
3k/mth rent
9k/mth to own
Any questions?
Yes. How many sqft house/yard, what school district, how long have you been renting and how did you come up with $9k/mo to buy?
1800 sqft/ 11000sqft lot / pool/spa, grass, trees, bbq area, privacy
Pleasanton schools
1.5 years now at this place
9k/mth is the ownership cost to buy this house in today's market. Current value is now 1.3m looking at similar housing sales the last few months. Taxes alone would be over 14k/year. That is almost 5 months rent right there. Forget the upkeep, lost opportunity with the 20% down, mortgage, closing costs, realtors grap, etc. etc. Buying is just silly right now. Has been for a while.
How can this place be worth 1.3 million. This would be $722 per square foot. I looked at all closed sales in the last 3 months in Pleasanton and nothing has sold for even $500 per square foot in that size of house and lot. Does your landlord have oil rights underneath?
RentingForHalfTheCost
2013 Jul 29, 2:41am
How can this place be worth 1.3 million. This would be $722 per square foot. I looked at all closed sales in the last 3 months in Pleasanton and nothing has sold for even $500 per square foot in that size of house and lot. Does your landlord have oil rights underneath?
Huge huge lot. 11000 sqft where all other houses are 7-8k. I wish it wasn't, but a similar house across the street just sold recently. I can't say I understand. Stupid money chases would be my guess. People who have more cash than they know what to do with. Not the boat most of us find ourselves. I just enjoy sitting back and watching and waiting.
I might have been a bit short on the sqft of the house. Might be up to 2000+ sqft. It is a 4/3. I come from a land where m^2 is more familiar.
New Renter
2013 Jul 29, 4:04am
How can this place be worth 1.3 million. This would be $722 per square foot. I looked at all closed sales in the last 3 months in Pleasanton and nothing has sold for even $500 per square foot in that size of house and lot. Does your landlord have oil rights underneath?
Huge huge lot. 11000 sqft where all other houses are 7-8k. I wish it wasn't, but a similar house across the street just sold recently. I can't say I understand. Stupid money chases would be my guess. People who have more cash than they know what to do with. Not the boat most of us find ourselves. I just enjoy sitting back and watching and waiting.
I might have been a bit short on the sqft of the house. Might be up to 2000+ sqft. It is a 4/3. I come from a land where m^2 is more familiar.
Try looking up your parcel # on your city/county tax collectors website. That should have the info you need.
Or break out a tape measure...
1 M^2 is 10 sqft. Is this math too difficult for you?
How can this place be worth 1.3 million. This would be $722 per square foot. I looked at all closed sales in the last 3 months in Pleasanton and nothing has sold for even $500 per square foot in that size of house and lot. Does your landlord have oil rights underneath?
Huge huge lot. 11000 sqft where all other houses are 7-8k. I wish it wasn't, but a similar house across the street just sold recently. I can't say I understand. Stupid money chases would be my guess. People who have more cash than they know what to do with. Not the boat most of us find ourselves. I just enjoy sitting back and watching and waiting.
I might have been a bit short on the sqft of the house. Might be up to 2000+ sqft. It is a 4/3. I come from a land where m^2 is more familiar.
Even at 2000 square feet, this would make it $650 per square foot. Like I said, I don't see anything for even $500 per square foot in that range. Is there a gold mine underneath the lot because that would definitely add some value. What is the address across the street that sold for such a high price?
RentingForHalfTheCost
2013 Jul 29, 4:01pm
1 M^2 is 10 sqft. Is this math too difficult for you?
1 M^2 is much closer to 9 sqft. Just saying... ;)
New Renter
2013 Jul 29, 4:12pm
1 M^2 is 10 sqft. Is this math too difficult for you?
1 M^2 is much closer to 9 sqft. Just saying... ;)
http://www.google.com/search?ie=UTF-8&source=android-browser&hl=en-US&q=convert+square+meters+to+square+feet
1 square meter is 10.763 square feet
Wow you suck at Google searches as well...
New Renter
2013 Jul 29, 4:20pm
Wish I was. I wish it wasn't going for 1.3m. I completely agree with you guys, I don't get it either. I am renting it for 3000 and another house down the roads that would sell for 1m+ was put on the market to rent at 3200/mth. That place has been vacant for about 3 months now. Not making this shit up. Million dollar homes that can't be rented. Just silly times.
Prove it! Post a link to the rental ad!
RentingForHalfTheCost
2013 Jul 29, 4:57pm
Even at 2000 square feet, this would make it $650 per square foot. Like I said, I don't see anything for even $500 per square foot in that range. Is there a gold mine underneath the lot because that would definitely add some value. What is the address across the street that sold for such a high price?
Here is one forsale now for 1.1m in the same area. 2300 sqft and I've actually been into this house. It is not nearly as nice as the one I rent. Silly I tell yah. Just silly.
http://homes.yahoo.com/California/Pleasanton/4251-pleasanton-ave:0c2f0bbabfe8771c11f1e94b2a721d87/
RentingForHalfTheCost
2013 Jul 29, 5:01pm
1 M^2 is 10 sqft. Is this math too difficult for you?
1 M^2 is much closer to 9 sqft. Just saying... ;)
1 square meter is 10.763 square feet
Wow you suck at Google searches as well...
Right you are. Guess that is why I am always coming up short. Good to know. Thanks. So, now I would say my rental is about 2500 sqft using the right conversion. About 230 m^2
Bigsby
2013 Jul 29, 5:02pm
Even at 2000 square feet, this would make it $650 per square foot. Like I said, I don't see anything for even $500 per square foot in that range. Is there a gold mine underneath the lot because that would definitely add some value. What is the address across the street that sold for such a high price?
Here is one forsale now for 1.1m in the same area. 2300 sqft and I've actually been into this house. It is not nearly as nice as the one I rent. Silly I tell yah. Just silly.
http://homes.yahoo.com/California/Pleasanton/4251-pleasanton-ave:0c2f0bbabfe8771c11f1e94b2a721d87/
Yours is 500 sq ft smaller and 200k more? Why not post up the address so people won't question what you are claiming?
Bigsby
2013 Jul 29, 5:06pm
I presume Pleasanton is in America, and I presume when you rented it the sqft was stated and yet now you are suddenly off by 700 sq ft. Hmmm....
RentingForHalfTheCost
2013 Jul 29, 5:09pm
Wish I was. I wish it wasn't going for 1.3m. I completely agree with you guys, I don't get it either. I am renting it for 3000 and another house down the roads that would sell for 1m+ was put on the market to rent at 3200/mth. That place has been vacant for about 3 months now. Not making this shit up. Million dollar homes that can't be rented. Just silly times.
Prove it! Post a link to the rental ad!
570 Tawny Dr. Here is the picture of it. Can't find the rental link anymore so they must have decided to do something else with it.
Still sitting vacant for 3 months now. My guess is they are fixing it up now to sell into this crazy market.
RentingForHalfTheCost
2013 Jul 29, 5:14pm
Wish I was. I wish it wasn't going for 1.3m. I completely agree with you guys, I don't get it either. I am renting it for 3000 and another house down the roads that would sell for 1m+ was put on the market to rent at 3200/mth. That place has been vacant for about 3 months now. Not making this shit up. Million dollar homes that can't be rented. Just silly times.
Prove it! Post a link to the rental ad!
Found a cached version of the rental. Guess it started at 3495. Last I saw it was down to $3095 before it then disappeared. That was about a month ago and now it is still an empty house.
RentingForHalfTheCost
2013 Jul 29, 5:15pm
Yours is 500 sq ft smaller and 200k more? Why not post up the address so people won't question what you are claiming?
Wish it wasn't either cause the landlord wants to sell. I'd love to pay a reasonable price that would be equivalent to renting. 2x or 3x doesn't matter to me. No Deal. I said above, I was off on the sqft. My rental is a little bigger than this place.
This place also is near the train noise. Mine is close to downtown as well, little train noise, quiet street, better schools, and a pool/spa/bbq. Still I wish it wasn't 1.3m. I should sick you guys on the landlord. Tell him that his place can only be 800K at most. Maybe you guys know best.
Bigsby
2013 Jul 29, 5:17pm
Yours is 500 sq ft smaller and 200k more? Why not post up the address so people won't question what you are claiming?
True. Wish it wasn't either cause the landlord wants to sell. I'd love to pay a reasonable price that would be equivalent to renting. 2x or 3x doesn't matter to me. No Deal.
I thought you just said it was 200 sqft larger.
RentingForHalfTheCost
2013 Jul 29, 5:19pm
Yours is 500 sq ft smaller and 200k more? Why not post up the address so people won't question what you are claiming?
True. Wish it wasn't either cause the landlord wants to sell. I'd love to pay a reasonable price that would be equivalent to renting. 2x or 3x doesn't matter to me. No Deal.
I thought you just said it was 200 sqft larger.
True to the 200k more. Trying to encourage people rather than point out their errors. ;)
Bigsby
2013 Jul 29, 5:21pm
Yours is 500 sq ft smaller and 200k more? Why not post up the address so people won't question what you are claiming?
True. Wish it wasn't either cause the landlord wants to sell. I'd love to pay a reasonable price that would be equivalent to renting. 2x or 3x doesn't matter to me. No Deal.
I thought you just said it was 200 sqft larger.
True to the 200k more. Trying to encourage people rather than point out their errors. ;)
I think you need to get your 'facts' in order before you continue posting.
RentingForHalfTheCost
2013 Jul 29, 5:25pm
I presume Pleasanton is in America, and I presume when you rented it the sqft was stated and yet now you are suddenly off by 700 sq ft. Hmmm....
Okay, just so you guys can sleep well, I found the rental record from when I first checked on this place. It is 2150sqft officially. My first count was low, and then my force adjustment to meet your logic was high. 2150sqft on a 11000 sqft lot for 1.3m. Wish it wasn't this silly.
RentingForHalfTheCost
2013 Jul 29, 5:26pm
I think you need to get your 'facts' in order before you continue posting.
Can say the same to you.
Bigsby
2013 Jul 29, 5:28pm
I presume Pleasanton is in America, and I presume when you rented it the sqft was stated and yet now you are suddenly off by 700 sq ft. Hmmm....
Okay, just so you guys can sleep well, I found the rental record from when I first checked on this place. It is 2150sqft officially. My first count was low, and then my force adjustment to meet your logic was high. 2150sqft on a 11000 sqft lot for 1.3m. Wish it wasn't this silly.
Meet my logic? Someone else corrected your error. And you are just posting numbers. You've done this before and been caught in a lie. Why should people believe what you are posting now?
Bigsby
2013 Jul 29, 5:28pm
I think you need to get your 'facts' in order before you continue posting.
Can say the same to you.
Based on what?
RentingForHalfTheCost
2013 Jul 29, 5:33pm
Why should people believe what you are posting now?
Couldn't give a rats ass what you or others believe. For all I know you are believe in haunted trees. Good for you. I got my financial situation and it makes perfect sense to me. You don't like it, tough. It is what it is. Housing here sucks. Always has, always will. Renting just rocks right now though. Athough, owning if you bought at the bottom or long ago rocks as well. My decision point deals with today though, not yesterday.
RentingForHalfTheCost
2013 Jul 29, 5:34pm
I think you need to get your 'facts' in order before you continue posting.
Can say the same to you.
Based on what?
Too much to highlight with you. Have a good sleep. The brain functions better with rest. ;)
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Wall Street Journal article says rents are rising very fast. My thought is that this will fuel gains in housing values. Any thoughts out there?
http://m.us.wsj.com/articles/a/SB10001424127887324694904578602013087282582?mg=reno64-wsj
#housing