COVID Economy

[Hards Alumni]

Truth. But obviously accelerated now.

And if it comes to be, corporate landlords will buy up mom and pop rentals. And wall street will buy up tons of homes. More movement to the top.

How anyone can look at the current economics (not even considering covid) of the US and think we're in a good/safe place is ridiculous

Surely, the Democrats will fix this problem!

[jesmu84]

Surely, the Democrats will fix this problem!

Without a doubt.

That's why the "stimulus" has been halved.

[Hards Alumni]

Without a doubt.

That's why the "stimulus" has been halved.

Just as their masters have requested.  The trick is to break the average man, without breaking the system for the rich guy... while at the same time appearing to be on the side of the average man. 

[MU82]

Interesting Pew study on working from home preferences post-COVID:

https://seekingalpha.com/news/3643170-majority-of-work-from-homers-dont-want-to-go-back-to-office?utm_medium=email&utm_source=seeking_alpha

As companies keenly await COVID-19 vaccines that promise to return staff to the office, a new survey from the Pew Research Center suggests that won't be so easy.

More than half of U.S. employees currently working from home say they'd like to keep their remote arrangements beyond the pandemic and one-third of those surveyed said they want the option to telework at least sometimes. Only 11% said they rarely or never want to work from home.

There's also a clear class divide. 62% of workers with a bachelor's degree or more education say their work can be done from home, compared with only 23% of those without a four-year college degree. Similarly, while a majority of upper-income workers can work remotely, most lower- and middle-income workers cannot.

[Hards Alumni]

Interesting Pew study on working from home preferences post-COVID:

https://seekingalpha.com/news/3643170-majority-of-work-from-homers-dont-want-to-go-back-to-office?utm_medium=email&utm_source=seeking_alpha

As companies keenly await COVID-19 vaccines that promise to return staff to the office, a new survey from the Pew Research Center suggests that won't be so easy.

More than half of U.S. employees currently working from home say they'd like to keep their remote arrangements beyond the pandemic and one-third of those surveyed said they want the option to telework at least sometimes. Only 11% said they rarely or never want to work from home.

There's also a clear class divide. 62% of workers with a bachelor's degree or more education say their work can be done from home, compared with only 23% of those without a four-year college degree. Similarly, while a majority of upper-income workers can work remotely, most lower- and middle-income workers cannot.

Just think of all the savings on office space that these companies will pass on to their workers as increased pay!

[Frenns Liquor Depot]

If the WFH revolution that everyone is frothing over comes to fruition

I never thought WFH was so controversial that there are people frothing at the mouth over it. 

[Jockey]

Just as their masters have requested.  The trick is to break the average man, without breaking the system for the rich guy... while at the same time appearing to be on the side of the average man.

Thomas Friedman agrees.

[Hards Alumni]

Thomas Friedman agrees.

Thomas Friedman is part of the problem, not the solution.

[JWags85]

I never thought WFH was so controversial that there are people frothing at the mouth over it.

I just meant people falling all over themselves to call for the end of offices, the demise of major cities, "THE WAY WE WORK IS FOREVER CHANGED".  WFH isn't controversial, but the speed in which it supposedly will become the "norm" is.

[4everwarriors]

We are talking about moving to the Seattle area in the next year or two to be closer to our daughter and new grandson. It's outrageously expensive there.

Ideally, we would sell our Charlotte house just before the housing collapse and then swoop in to buy one in Seattle after the collapse.

But that kind of luck hardly ever happens.

Ya kould allweys due chores at keefe's crib four room and boored, hey?

[Jockey]

Thomas Friedman is part of the problem, not the solution.

I don't disagree.

I was just referring to his book on the subject of people voting against their best interests.

[MU82]

Ya kould allweys due chores at keefe's crib four room and boored, hey?

I was thinking we might hire him to provide security for our mansion.

[shoothoops]

https://www.washingtonpost.com/business/2020/12/10/pandemic-shoplifting-hunger/#click=https://t.co/rNKIWmZ9Ep

"Stealing to Survive"

[warriorchick]

If the WFH revolution that everyone is frothing over comes to fruition, Seattle would likely have a major bubble pop. All those software and tech firms that brought people to the city and sent housing prices SOARING would suddenly no longer be tied to the city.  Everyone talks about Manhattan, but I would think the exodus out of Silicon Valley and Seattle would be profound given then types of jobs there.

My kid is renting in Seattle and would love to see the bubble pop. With the exception of the cost of living (and being so far from his mom, natch  ) he loves it there and would welcome the opportunity to be a homeowner. It's out of his reach right now.

[MU82]

My kid is renting in Seattle and would love to see the bubble pop. With the exception of the cost of living (and being so far from his mom, natch  ) he loves it there and would welcome the opportunity to be a homeowner. It's out of his reach right now.

Crazy expensive, but yes, my daughter loves it there.

If we move there, we'll probably rent, at least at first. That's outrageous too but at least we wouldn't be tied down.

[Jockey]

Crazy expensive, but yes, my daughter loves it there.

If we move there, we'll probably rent, at least at first. That's outrageous too but at least we wouldn't be tied down.

Your wife finally get tired of supporting you and decided to retire? 

[MU Fan in Connecticut]

You will all be hanging out with keefe.......

[tower912]

Tiny house.

[Skatastrophy]

Tiny house.

#vanlife

[MU82]

Your wife finally get tired of supporting you and decided to retire? 

Everybody should have a Sugar Mama. Or two!

Seriously, it's totally her call. She knows she could retire tomorrow, next month, next year or whenever. But she likes her job and it's important work, so really she should keep working as long as she gets satisfaction out of it. But the pull to be near family is significant, too. We actually had a long talk about it just the other day, and she's thinking 2022 or 2023. We'll see!

[Skatastrophy]

Everybody should have a Sugar Mama. Or two!

Seriously, it's totally her call. She knows she could retire tomorrow, next month, next year or whenever. But she likes her job and it's important work, so really she should keep working as long as she gets satisfaction out of it. But the pull to be near family is significant, too. We actually had a long talk about it just the other day, and she's thinking 2022 or 2023. We'll see!

Wife and I are in the same boat and this pandemic has helped us push our goals. She is pushing her company to support WFH permanently to support a life of travel. She is also pushing to move from full time to part time plus full benefits. The company gets to keep an excellent worker with deep experience. We get to keep mega-corp health insurance until we hit 65 and Medicare kicks in. It's also hard to turn down huge mid-career salaries even if you've already hit your number.

[MU82]

Wife and I are in the same boat and this pandemic has helped us push our goals. She is pushing her company to support WFH permanently to support a life of travel. She is also pushing to move from full time to part time plus full benefits. The company gets to keep an excellent worker with deep experience. We get to keep mega-corp health insurance until we hit 65 and Medicare kicks in. It's also hard to turn down huge mid-career salaries even if you've already hit your number.

I hope your wife's company works with her to make all parties happy.

Totally agree with your last line. My goal has always been to have "more than enough." But it's always alluring to keep going for "more than more than enough."

[Frenns Liquor Depot]

Survey about WFH (aka mouth frothing).

https://thehill.com/blogs/blog-briefing-room/news/529446-half-of-at-home-workers-say-theyd-like-to-keep-arrangement

[jesmu84]

https://twitter.com/BernieBroStar/status/1336488069009190914?s=19

Crime against US workers

[Jockey]

https://twitter.com/BernieBroStar/status/1336488069009190914?s=19

Crime against US workers

Dems need to pull the plug. Then go to Georgia and outline exactly what the election means financially for people (stimulus, UI, and aid to states and small businesses).