#11
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E-Bikes
On 10/27/2020 11:49 AM, jbeattie wrote:
Perhaps you should move from your San Leandro ****-hole to Phoenix and be with your MAGA homeboys. You are a Trump sycophant. Its pathetic. Tom trumpets his idea that all the smart people are leaving California. Yet Tom is staying in California. And Tom isn't even smart enough to see the obvious conclusion. The lad needs to enroll in Logic 101. (Unfortunately for him, the prerequisite may be a high school diploma.) -- - Frank Krygowski |
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#12
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E-Bikes
On 10/26/2020 9:25 PM, sms wrote:
On 10/26/2020 5:56 PM, news18 wrote: On Mon, 26 Oct 2020 17:44:28 -0700, jbeattie wrote: SF currently has theĀ* highest rents in the US. https://tinyurl.com/y3fgk25bĀ* If everyone was leaving, rents would soften more than they are. Rent concessions are up in SF, but that doesn't indicate an exodus. http://zillow.mediaroom.com/2020-09-...s-on-the-Rise- as-Rental-Market-Softens I wonder if there is a significant number people who can now work remotely? I've read that some people have taken the opportunity to move out of SF as they can now work remotely, so they look for cheaper rent elsewhere, plus less crowded and safer. Nothing like the opportunity to take advantage of a few years of cheaper rent. P.S. Did Tommy see that building that is sinking/topling? Apparently insufficient pilling/fondations when built. The exodus of renters from the Bay Area is driving down rents. But for-sale housing is still doing very well, and a lot of those former renters are buying houses in outlying areas because they are able to work remotely and many companies have said that they can continue to do so even after the pandemic is over. It's a big saving in commercial office space rent as well. The MTC (Metropolitan Transportation Commission) for the Bay Area counties recently said that they want to require 60% remote-working. This caused the mayors of San Francisco and San Jose to go non-linear https://www.nbcbayarea.com/news/local/mayors-of-sf-sj-push-back-on-parts-of-bay-area-climate-plan/2380797/. Is "non-linear" the new term for "ape ****" or does it reference a milder response? What I saw in the article was pretty mild. Mark "Working on my street cred" J. |
#13
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On Tuesday, October 27, 2020 at 8:49:47 AM UTC-7, jbeattie wrote:
On Tuesday, October 27, 2020 at 7:42:08 AM UTC-7, Tom Kunich wrote: On Tuesday, October 27, 2020 at 7:04:43 AM UTC-7, jbeattie wrote: On Monday, October 26, 2020 at 9:25:19 PM UTC-7, sms wrote: On 10/26/2020 5:56 PM, news18 wrote: On Mon, 26 Oct 2020 17:44:28 -0700, jbeattie wrote: SF currently has the highest rents in the US. https://tinyurl.com/y3fgk25b If everyone was leaving, rents would soften more than they are. Rent concessions are up in SF, but that doesn't indicate an exodus. http://zillow.mediaroom.com/2020-09-...s-on-the-Rise- as-Rental-Market-Softens I wonder if there is a significant number people who can now work remotely? I've read that some people have taken the opportunity to move out of SF as they can now work remotely, so they look for cheaper rent elsewhere, plus less crowded and safer. Nothing like the opportunity to take advantage of a few years of cheaper rent. P.S. Did Tommy see that building that is sinking/topling? Apparently insufficient pilling/fondations when built. The exodus of renters from the Bay Area is driving down rents. But for-sale housing is still doing very well, and a lot of those former renters are buying houses in outlying areas because they are able to work remotely and many companies have said that they can continue to do so even after the pandemic is over. It's a big saving in commercial office space rent as well. The MTC (Metropolitan Transportation Commission) for the Bay Area counties recently said that they want to require 60% remote-working. This caused the mayors of San Francisco and San Jose to go non-linear https://www.nbcbayarea.com/news/local/mayors-of-sf-sj-push-back-on-parts-of-bay-area-climate-plan/2380797/. Probably pushed by Blackstone or CBRE Group. I'd be pretty worried if I were in commercial office real estate in SF. One of my riding buddies is the CFO of a San Francisco based consumer product company that just walked away from a lease of very expensive space downtown because management learned that everyone could work from home. One of my insurance company clients is closing two business-park office buildings at different locations in California. It just calculated the rent penalty, paid and walked from five or ten year leases. Retail is suffering because of shut-downs, but it will come back -- one hopes. Office space is going to get cheaper. We have a full floor of an office tower and don't need it now, but we're locked in and the new owners aren't interested in negotiating -- which doesn't make sense since they're flipping the building and should want to avoid vacancies. https://www.wellsfargocenterportland.com/ -- Jay Beattie. So, according to Jay, Those glass fronted Apartments NONE of which faced the bay because just 6 months ago the bay side of those apartments would face old broken down shipping docks, are filled by people who have no furniture, no drapes, no effects of any kind that would be visible and the three apartments that do have these things are simply rented by exhibitionists. Office space in San Francisco isn't being lost to people working from home but from entire companies and their staff moving to Texas. My friend and a group was returning from a 40 mile ride in Phoenix when they saw a commotion up ahead. It turned out that this was the route that Trump was going to use to a Rally and thousands and thousands of people were lining the route wearing maga hats and waving flags. He says for every Biden sign in front of a home there are 40 Trump signs. This must be why the Lame stream Media is saying that Biden is ahead in Arizona. Perhaps Jay would do better representing people that know their asses from a hole in the ground. Perhaps you should move from your San Leandro ****-hole to Phoenix and be with your MAGA homeboys. You are a Trump sycophant. Its pathetic. One more time with emphasis: the mere fact that you saw vacant rental units tells you nothing about why they were vacant. Did the tenants go to Texas? Phoenix? Who knows. Data shows softening in SF. Companies that are not reliant on the Bay Area work-force will move to less expensive markets. Work from home is affecting the commercial market. With softening, time on market for rental units will extend and result in rent concessions. That's what's happening in SF -- but even with concessions and softening, rents are still the highest in the US, and too high by a lot of metrics. Predictions are for more softening due to COVID and other economic factors -- but not because people are moving en masse to Phoenix so they can attend Trump rallies. Phoenix is soul sucking. https://tinyurl.com/y347z6ek Gak. Urban sprawl, and you can't ride after 7:00 AM half the year because it is too hot. But do feel free to move there. -- Jay Beattie. Tell us Jay, why has your fantastically brave media told us that Biden has pulled ahead of Trump there? Only some brazen lying fake news media has been giving this world a string of lies unabated so that half of the world thinks that Biden is a shew-in when he couldn't get elected as the masked man? If you think that Biden is going anywhere all the better for me to laugh in your face in 7 days time. |
#14
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On Tue, 27 Oct 2020 13:21:02 -0400, Frank Krygowski
wrote: On 10/27/2020 11:49 AM, jbeattie wrote: Perhaps you should move from your San Leandro ****-hole to Phoenix and be with your MAGA homeboys. You are a Trump sycophant. Its pathetic. Tom trumpets his idea that all the smart people are leaving California. Yet Tom is staying in California. And Tom isn't even smart enough to see the obvious conclusion. The lad needs to enroll in Logic 101. (Unfortunately for him, the prerequisite may be a high school diploma.) Or perhaps only sufficient common sense to "come in out of the rain"... But either way, he fails. -- Cheers, John B. |
#15
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On 10/27/2020 7:04 AM, jbeattie wrote:
snip The exodus of renters from the Bay Area is driving down rents. But for-sale housing is still doing very well, and a lot of those former renters are buying houses in outlying areas because they are able to work remotely and many companies have said that they can continue to do so even after the pandemic is over. It's a big saving in commercial office space rent as well. The MTC (Metropolitan Transportation Commission) for the Bay Area counties recently said that they want to require 60% remote-working. This caused the mayors of San Francisco and San Jose to go non-linear https://www.nbcbayarea.com/news/local/mayors-of-sf-sj-push-back-on-parts-of-bay-area-climate-plan/2380797/. Probably pushed by Blackstone or CBRE Group. I'd be pretty worried if I were in commercial office real estate in SF. One of my riding buddies is the CFO of a San Francisco based consumer product company that just walked away from a lease of very expensive space downtown because management learned that everyone could work from home. One of my insurance company clients is closing two business-park office buildings at different locations in California. It just calculated the rent penalty, paid and walked from five or ten year leases. Retail is suffering because of shut-downs, but it will come back -- one hopes. Office space is going to get cheaper. We have a full floor of an office tower and don't need it now, but we're locked in and the new owners aren't interested in negotiating -- which doesn't make sense since they're flipping the building and should want to avoid vacancies. https://www.wellsfargocenterportland.com/ Exactly. The changes brought on by Covid-19 are not going to be temporary, they are going to result in long-term changes to the way we live, work, play, shop, and travel. When someone says, āI canāt wait until Covid-19 is over and we can all go back to exactly the way things were before,ā they are not understanding that there is going to be a new normal and things are not going to return to the way things were. The long-term effects of Covid-19 on housing, commercial office, and transportation are something that commercial real estate owners, rental apartment complex owners, public transit agencies, and YIMBYs are in denial about, but they can't control market forces to the extent that they'd like to believe. It's amazing to listen to some clueless politicians who believe that people want to rent apartments in tall apartment buildings forever and take a public bus to work. But the reality is the following: 1. Families, especially families with children, prefer to not live in high-density housing, they like the suburbs and they'll endure long commutes to own a home. 2. People don't really want to live right next to where they work. 3. People are unlikely to ride a public bus to work, it's too slow and too inconvenient not to mention the health risks. 4. Remote-working is not going away. 5. Personal mobility is the future, whether it's electric cars, electric bicycles, or on-demand driver-less shuttles. Long term, the banks will have to foreclose on a lot of newer commercial real estate and sell it at a loss to new owners who will be able to rent at lower rates. Apartment complexes, other than new ones, are in better shape since even with lower rents they will still be profitable. Even before Covid-19, rents were falling and there was a glut of unaffordable market-rate rental housing and developers were refusing to build projects that were already approved by cities. We were literally begging one huge developer to construct their approved project but they said that they were not moving forward due to the housing glut, labor costs, material costs, mitigation fees (which legally cannot be set higher than the costs incurred by a city), the cost of community benefits, inclusionary affordable housing requirements, etc.. But even when we offered to look at helping them with what we could, they said that it would still not cause them to start construction. |
#16
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Am 28.10.2020 um 03:22 schrieb sms:
The long-term effects of Covid-19 on housing, commercial office, and transportation are something that commercial real estate owners, rental apartment complex owners, public transit agencies, and YIMBYs are in denial about, but they can't control market forces to the extent that they'd like to believe. Agreed. But the reality is the following: 1. Families, especially families with children, prefer to not live in high-density housing, they like the suburbs and they'll endure long commutes to own a home. Make that "half the families". "Freaksih" famlies (rainbow families, nerd famlies, mixed-race families) will continue to prefer the cities becaue you can only live happily in the burbs when your bigot neighbors accept you as equal. In the city you can ignore your neighbors and socialize with other freaks like yourself. 2. People don't really want to live right next to where they work. 3. People are unlikely to ride a public bus to work, it's too slow and too inconvenient not to mention the health risks. Yes but light rail will continue to be popular. 4. Remote-working is not going away. right but this collides with 2 and nobody knows which argument will become more relevant in future 5. Personal mobility is the future, whether it's electric cars, electric bicycles, or on-demand driver-less shuttles. 1,2 and 4 together mean that the freaks working in the silicon Valley will still be happy to live in SF (and maybe work from home three days a week). Even before Covid-19, rents were falling and there was a glut of unaffordable market-rate rental housing and developers were refusing to build projects that were already approved by cities. Covid might cause the SF rents and house prices to return to realistic levels (like New York, LA or Chicago) but it will not turn SF into a Detroit. |
#17
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On 10/28/2020 5:31 AM, Rolf Mantel wrote:
Am 28.10.2020 um 03:22 schrieb sms: The long-term effects of Covid-19 on housing, commercial office, and transportation are something that commercial real estate owners, rental apartment complex owners, public transit agencies, and YIMBYs are in denial about, but they can't control market forces to the extent that they'd like to believe. Agreed. But the reality is the following: 1. Families, especially families with children, prefer to not live in high-density housing, they like the suburbs and they'll endure long commutes to own a home. Make that "half the families". "Freaksih" famlies (rainbow families, nerd famlies, mixed-race families) will continue to prefer the cities becaue you can only live happily in the burbs when your bigot neighbors accept you as equal. In the city you can ignore your neighbors and socialize with other freaks like yourself. 2. People don't really want to live right next to where they work. 3. People are unlikely to ride a public bus to work, it's too slow and too inconvenient not to mention the health risks. Yes but light rail will continue to be popular. 4. Remote-working is not going away. right but this collides with 2 and nobody knows which argument will become more relevant in future 5. Personal mobility is the future, whether it's electric cars, electric bicycles, or on-demand driver-less shuttles. 1,2 and 4 together mean that the freaks working in the silicon Valley will still be happy to live in SF (and maybe work from home three days a week). Even before Covid-19, rents were falling and there was a glut of unaffordable market-rate rental housing and developers were refusing to build projects that were already approved by cities. Covid might cause the SF rents and house prices to return to realistic levels (like New York, LA or Chicago) but it will not turn SF into a Detroit. "you can only live happily in the burbs when your bigot neighbors accept you as equal." ??? have you ever visited my country? That's absolutely untrue. -- Andrew Muzi www.yellowjersey.org/ Open every day since 1 April, 1971 |
#18
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Am 28.10.2020 um 14:38 schrieb AMuzi:
On 10/28/2020 5:31 AM, Rolf Mantel wrote: "you can only live happily in the burbs when your bigot neighbors accept you as equal." ??? have you ever visited my country?Ā* That's absolutely untrue. If you only speak for Wisconsin, no but I guess Wisconsin is not that much different from Minnesota. I know suburbia very well in Germany, in the UK and in Minnesota. I have suffered bigot neighbors in Germny in my youth. My then girl-friend had suffered bigot neighbors in UK during her childhood. I have seen in 1995 how non-"normal" people were treated both in downtown Minneapolis (positively) and in the burbs 20 miles out (not so). I was happily living downtown myself. I saw what happened to a friend when he moved out of the city into suburbia with his black wife in 2005. |
#19
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AMuzi wrote:
On 10/28/2020 5:31 AM, Rolf Mantel wrote: "you can only live happily in the burbs when your bigot neighbors accept you as equal." ??? have you ever visited my country? That's absolutely untrue. Thanks for noting. Maybe Rolf got his impression from reading too many Guardian and Spiegel fabrications about the evil, Trump-voting suburbs? |
#20
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On Wednesday, October 28, 2020 at 7:45:10 AM UTC-7, Rolf Mantel wrote:
Am 28.10.2020 um 14:38 schrieb AMuzi: On 10/28/2020 5:31 AM, Rolf Mantel wrote: "you can only live happily in the burbs when your bigot neighbors accept you as equal." ??? have you ever visited my country? That's absolutely untrue. If you only speak for Wisconsin, no but I guess Wisconsin is not that much different from Minnesota. I know suburbia very well in Germany, in the UK and in Minnesota. I have suffered bigot neighbors in Germny in my youth. My then girl-friend had suffered bigot neighbors in UK during her childhood. I have seen in 1995 how non-"normal" people were treated both in downtown Minneapolis (positively) and in the burbs 20 miles out (not so). I was happily living downtown myself. I saw what happened to a friend when he moved out of the city into suburbia with his black wife in 2005. The idea that if you aren't a communist you are a bigot seems to run very strongly in the younger generation. This is what has been taught in schools now for over 20 years and children just lap it up. They want everything given to them and have no desire to work for it. |
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