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re: The house that sold for $800K over asking price speaks to the inequity of California

Posted on 11/19/17 at 9:51 am to
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481222 posts
Posted on 11/19/17 at 9:51 am to
and there was litigation over that issue filed like 2 days after Harvey

i don't know what disclosures were made or what the ultimate issues will be. we'll have to see how the litigation unfolds
Posted by EmperorGout
I hate all of you.
Member since Feb 2008
11612 posts
Posted on 11/19/17 at 9:53 am to
quote:

Explain the massive amount of development there that is is directly contrary to that? Even the non-union residential electrical contractors are swamped.



There are multi-story developments going up almost everywhere I look. I read somewhere that multi-family dwellings are being built at their highest clip in over 40 years.
Posted by Sayre
South Bend, Indiana
Member since Nov 2011
5754 posts
Posted on 11/19/17 at 9:53 am to
My foreman on my first job in the Valley lives in the house he grew up in. He inherited it when his folks passed. He's raised his family there, and they've fixed it up some, but he's been able to use the equity in it to buy a nice place in Maui. When he retires, he'll make a killing selling the place, have a place paid for in Hawaii, and no debt and a nice retirement package.

There's always that other side of the coin.


Posted by Sayre
South Bend, Indiana
Member since Nov 2011
5754 posts
Posted on 11/19/17 at 9:54 am to
quote:

There are multi-story developments going up almost everywhere I look. I read somewhere that multi-family dwellings are being built at their highest clip in over 40 years.


Reality is often not what the conventional wisdom wants you to believe, stats or not. Although granted, Silicon Valley is somewhat of a unique case.
This post was edited on 11/19/17 at 10:34 am
Posted by Napoleon
Kenna
Member since Dec 2007
74905 posts
Posted on 11/19/17 at 10:02 am to
I've met so many people who bought houses in Nola straight cash and have huge nest eggs from selling houses in Cali.
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 11/19/17 at 10:29 am to
quote:

zoning and permitting, brah


Ill give you permitting, but not zoning. Residential , Single Family is about as restrictive as you can get. I've seen Developement in St. Helena , CA, to the grumbles of the local population . If a private land owner want to sell, he'll sell.

Eta: if you can provide me a link where a private landowner could not zone for single family housing, I'd like to see what the state did .
This post was edited on 11/19/17 at 10:31 am
Posted by JamalSanders
On a boat
Member since Jul 2015
12230 posts
Posted on 11/19/17 at 10:54 am to
quote:

My wife has a max census of 4 and mandatory lunch time. If someone asks her 1 work related question during a break, the nurse gets paid for the lunch break.


That's about as dumb as I've ever heard.
Posted by lsunurse
Member since Dec 2005
129146 posts
Posted on 11/19/17 at 11:11 am to
quote:

That's about as dumb as I've ever heard.


Not really. Lunch breaks are a current big hot topic for nurses(and nursing unions). Some hospitals have been sued recently for nurses not being able to take a proper lunch break...but yet were still docked the time for it. Which violates Federal labor laws...

quote:

The Fair Labor Standards Act (FLSA) is very strict in requiring employers to pay non-exempt employees for all hours worked. This may include requiring an employer to pay an employee for time worked while on a bona fide meal or lunch break, even if the break is supposed to be unpaid. (See 29 CFR 785.11). If an employee works during a lunch break that is supposed to be unpaid, an employer may be obligated to pay additional wages, including unintended overtime, to that employee.




LINK

Most hospitals will automatically take out 30 minutes out of the hours the nurse works that day for their lunch. Some hospitals will have the units so short staffed that the nurse never truly gets to take a full 30 minutes of time to themselves to eat. Instead...they may be eating for 5 minutes before they are pulled back to care for a patient.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 11/19/17 at 11:11 am to
quote:

if you can provide me a link where a private landowner could not zone for single family housing, I'd like to see what the state did .


See it all the time. Land here in TN doesn’t perc for septic you can’t build house.
Posted by islandtiger
Baton Rouge
Member since Sep 2012
1787 posts
Posted on 11/19/17 at 11:15 am to
quote:

are progressive havens who happen to have stumbled into some major industries


Companies don't just "stumble" into a location. Lots of solid factors go into the decision including quality of life for employees and highly educated workforce. Seattle (my home) is in a similar position as Silicon Valley. Housing prices are a casulty, but when median salaries for entry level professionals is in six figures, Millenials are happy to pay over $2000 a month for a small apartment.

This economy is causing folks to re-think the value of home (and car) ownership. All comes down to what you want...I need my 1.5 acres but others are quite happy with the city center life and I certainly respect that.
This post was edited on 11/19/17 at 11:45 am
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