Yes hybrid will win
Very true.
In that regard, work remotely in Silicon Valley while living in the middle of Nebraska might work for a select few people, but not everyone.
Might work for a native of Nebraska who is 45+ years old, has put in 20 years of work while living physically in Silicon Valley, and now wants to go back to Nebraska and coast into retirement while drawing a paycheck for few more years. But how many such people are there?
I know one native of Nebraska in his 40s, he is a Sr. Director in one of the big Valley tech companies. He bought a house in San Jose few years ago, so I doubt he is relocating backā¦
These people may not last too long in the org after they move out of state. A few more years maybe doable. But longer than that? Highly doubtful.
Thereās a saying about sales meetings. The most important decisions were made before the meeting. If you were not physically present, you arenāt in where the action takes place.
How about this setup? Move to Reno, fly back to SV and stay at a hotel for 2 nights every 2 weeks or so. So a) you donāt need to pay CA taxes, and b) you still have 3 full days of face time in the office every 2 weeks. House prices in Reno is a fraction of SVās and flight time is only 1.5 hour each way.
Sounds like a messy arrangement just to save a few bucks on housing
Better to be in Bay Area with low price home. Can fit in both hybrid and permanent wfh.
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Ranch homes less than 2000 sq ft in Sunnyvale 94087 are now routinely selling for high $2Ms and touching up to 3M. These same houses were selling for high $1Ms 4 years ago.
If WFH or even hybrid is becoming more prevalent, why are RBA homes appreciating as rapidly as other parts of Bay Area. Sunnyvale prices should have been flatā¦
Money has lost purchasing power. You need more money to buy the same. Some people call it inflation, some call it currency debasement, still others call it growth. Pick whichever you like.
Inventory is so thin that if 500 families decided they are going to buy in Sunnyvale or any random town in RBA they are going to move prices up significantly. Itās not that hard to find 500 families in any one year who want to buy houses close to work. Money is no problem for them given the outsized gain in their RSU.
Companies have functioned just fine without people in the office for over a year now. Has any company publicly lowered guidance or missed results due to lower productivity from employees working remote?
Promoting people based on face time and not work output is just as stupid as promoting based on how many hours a week people work. You end up with layers of management who arenāt good enough to actually do their jobs. They are already burned out and canāt work more hours to make up for their lack of ability. Even worse is those people become the decision makers which is the sure fire path for a company to become mediocre.
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Someone tell that to our employers, who persist in giving us 2-3% annual raises. I guess they are compensating the rank and file to be able to afford rent, and compensating execs to be able to afford to buy houses in RBA
Only mystery is that the 1700 sq ft house in Sunnyvale selling for $ 2.8-3M is not a typical executiveās house. Itās more what a rank and file worker would live in. So are execs now buying homes in middle class neighborhoods? Is the renter next door the guy who is 3 levels below in their reporting tree?
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Good news. My primary house in Austin is worth $1M now, bought 1.5 years ago for less than $600k, if follow Sunnyvale trend, should be worth $3M 4 years later 
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Are the property tax assessors in TX/Austin quite accurate in valuing market price of the house for Property tax purposes?
And that would imply that Sunnyvale prices would go up to 6M in 4 more years??? 
in my view Austin growth will slow down soon. Canāt catch up with RBA. Just my view from what I read and may be wrong.
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There is an oversupply of technology workers and oversupply of printed money. If a person is not blue eyed employee, the standard answer is that if there is a job that is paying more, take that job. In the last 30 years, a lot more programmers, engineers, and technologists have come into the market, therefore the wages and salaries have not kept the pace.
This house in Sioux Falls, SD appreciated by 30% in last 9 months. Other than loss of purchasing power of dollars, what can explain prices appreciation of homes in places like Sioux Falls. Sioux falls is Thinly populated and remains frozen for almost 1/3 of year. I just picked a home in. You can do your own searches of homes for sale in far off places and see how homes prices are appreciating all across America.
https://www.zillow.com/homedetails/4200-S-Cathy-Ave-Sioux-Falls-SD-57106/91819488_zpid/
what did you read that gives you such impression?
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Guess you are referring to price and not rate of price growth. When I started investing in Austin, I think Austin is 15-20 years behind, now is 10-15 years behind. Is closing in very fast. Comparing the neighborhood that I am staying now with where I left in CU, price differential reduces from 5x to 3x.
According to my realtor, Inventory is rising, demand has slow down and price is stabilizing. Stabilizing = Slower growth in price and not price decline. However, have yet to be reflected in the actual sale price because of the 1-2 months lag from pending to closing.
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I see anecdotal evidences too. No more huge sign-on bonuses and huge jump when switching companies. Do you have any hard stats?
Well, then the average employee of big tech companies is shut out from buying houses in RBA.
A 1500 sq ft 3/2 SFH in RBA used to be affordable to the dual income tech couple. But with salaries not going up, and such houses costing $2.5-3M, even the dual income couple making a family income of $300k per year cannot afford it. Just the down payment is 500-600k, it would take such a couple at least 10 years to save up the down payment. Then they have to take $2M mortgageā¦
Seems like only people with exec level Compensation can afford to buy these days in RBA