How the Coronavirus will affect Bay Area Housing Market

Time. Need to consider time. If it takes as long as it booms i.e. 40-50 years, then it is irrelevant to us since most of us have a timeframe of 3-7 years for houses.

While you are delving with data, I am enjoying life in my huge 3500 square footage Single Story SFH.

More startups don’t imply good return of residential RE investments, show you charts of real houses many times, SV doesn’t have the advantage in long term.

Somehow I think you are saying a $2M house is worth more than 8 $250k houses.

Both corporations and workers make entitlement claims. Corporations think they have the right ( or some kind of entitlement) to produce using labour outside the country where the product is consumed. Workers think they have right to demand the product be produced where it is to be consumed. There are two ways to look at it :
Political Answer: If voters are convinced the American corporations are exporting jobs, Trump will get voted.

Economic Answer: If a product is produced outside the borders of the USA, the product can attract duty/tariffs when in it crosses border into the USA. Same as other countries do to goods and services produced in the United States when it goes to those countries.

Did you know why some countries like Singapore have zero import tariffs (except 1% of imports for social/ environment reasons) ? Btw Singapore doesn’t demand other nations to do likewise.

Singapore hardly has any capability to manufacture given its island city nature. It has nothing to loose with zero import duty policy. Anyway, the USA has to do what works for the USA. The US should exempt goods manufactured in the Singapore if it provides same access to the goods made in USA. That is why we need to go on bilateral basis. The one rule for all countries, like the one with WTO is not in benefit of the USA, and likely result in the USA quitting WTO at some point of time in future.

Prior to Trump, US economy is booming! Tech industry is booming! Many mega cap companies. US has the highest number of billionaires. Many SWEs become highly paid and rich. What are not working?

It (the US economy) will boom even more after return of the tariffs. That is what Trump and its supporters believe.

Singapore is big in manufacturing.

Do you know why there is a WTO? What does WTO aim to achieve? Frankly I didn’t bother to find out but vaguely know is a big thing.

Singapore has a lot to lose with import tariff.

That is called management !
For that matter, even Trump did the same before he took president position !
He sold most of the home and used it as investment immigration!
Since he knows such loopholes, he stopped all those after he became president.

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He would revert once he is no longer the POTUS :joy:

@erth So the orange primate bites the hand that feed it?

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It is not clear from the above what wrong did Trump or Kushner do.
These things happen when you weave a complex legal and regulatory web around people’s life and business. There are so many rules and laws that at any given time, a person or a business must be violating hundreds of them.

The article above is behind a paywall, so I do not know what it says. But, I found that state authorities had approved the above project. Why did the city and state approve it?
According to what I read
Kushner deal shines spotlight on Jersey City's struggling inner city - nj.com

"A May 26, 2015 letter from the state Department of Labor to a consultant working with Kushner Companies on EB-5 issues listed 16 Census tracts the developers could cite to win federal approval designating 65 Bay St. as located inside a TEA. "

Anyway, you brought a good point. It confirms that Trump administration is on the right track in unwinding much of the legal and administrative system created during last 50 years and making it easier for small and medium-sized businesses to operate freely and respectfully.

Employees may not hold all the cards. but US congress holds the card. They will be highly reluctant to favor a firm or even a single state where all the pension funds and Fed bailout money goes to boost the stock without contributing to buy and built America.

Elon Musk is selling all his homes and all his new investments are going outside. this give you a hint.
Tim Apple is not a Thomas Edison.

:question:

Have no idea what you are talking about.

Going outside where? You need to clear up your thinking first. You are simultaneously telling us Bay Area is doomed, California is doomed and also America is doomed.

Because this and that person or company is making investments elsewhere. Because of some government plans announced in Europe which they do all the time. Because of our bad infrastructure which has always been bad. Because of WFH which, if it’s such a great idea I am sure Asians and Europeans would be stupid not to follow.

Your arguments are like a ball of spaghetti all mushed together. Don’t really know what you are talking about.

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Just showed it is common to take advantage of such laws/rules. Similarly, when total cost of production is better than production at USA, every company will try to place orders outside of USA.

Whatever the tariff or restriction will not help, still jobs will go out o USA.

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@Jil

@erth forgot that the goal of businesses is to make and maximize profit, and not provide jobs to anybody or community or ethnicity or nations.

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Exactly for the same reason, Trump is cutting taxes and reducing regulation and business hurting laws. He wants to make the cost of doing business in USA efficient and less expensive. Do you not see it that way?

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I agree. And government has a job too. It is to maximize the benefit to its voters. That is why there are tariffs and other tools in governments tool box.

I definitely see that and hate Biden attempt to revise to 28%. It will not help local business growth.

Still business motive is increase profit, they will buy outside and also take 21% corporate tax.

Businesses need to do what they need to do. And politicians need to do what they need to do. American corporations should be focusing on maximizing profits. Many of them have taken up the role of social engineering and that is where they put the Business and Politics into a collision course. If American corporations do not like Americal, they are welcome to relocate to a country of their choice and reap the benefits. One of the founders of Facebook relocated to Singapore. Others should do the same. If they do not like America and its rules, they are welcome to leave. Is it not a fair advise?

No because USA will rob them of hard earned capital gain prematurely. This rule needs to be CHANGED :face_with_symbols_over_mouth: Saverin runs before IPO :rofl:. That is, many want to leave but can’t do so without a heavy penalty :rage: USG is a big bully.

None of dem. is going to reduce capital gain ! They will add more if they get majority ! Even Obama added more capital gain taxes !