Lot of foreclosures in Bay area

[Peddayana]

3 minutes ago, hyperbole said:

Foreclosure is common even when the market is hot and these foreclosures are definitely not because of covid because all the banks are allowing to defer payments. Currently the market is still very hot, we are looking to upgrade and currently it is still sellers market, over bidding is common and inventory is very low. Manchi illu padite kukkalu kottukunnatu kottukuntunnaru

+1 , market ATL area lo assalu down avvaledu , full josh going , multiple offers to homes etc..

[Discordraja]

1 hour ago, Sarvapindi said:

Bay area is overhyped...

Agreed anduke tech capital of the world iyyindi

[Migilindi22]

27 minutes ago, JambaKrantu said:

even after the Vaccine, around 70% of IT work force will remain remote forever..

Too much anpichatamleyda?

[JambaKrantu]

8 minutes ago, Peddayana said:

+1 , market ATL area lo assalu down avvaledu , full josh going , multiple offers to homes etc..

ATL is still an affordable city, so lot of people are moving to ATL from highpriced cities like NY. The trend of people moving to east coast especially from TriState area to ATL is in full swing.. SFO and NYC on the other hand are losing people. Manhattan has the most number of condos for sale or lease currently than anytime in the last 50 years. Rents dropped in SFO and Bay Area by 15% for the first time in 25 years. 

[JambaKrantu]

4 minutes ago, Migilindi22 said:

Too much anpichatamleyda?

Read this article, there are several other articles and surveys that predict anywhere between 60 to 80% of the IT workforce to remain remote forever

 

https://www.forbes.com/sites/gilpress/2020/07/15/the-future-of-work-post-covid-19/#d95e6724baf8

[MRI]

1 hour ago, MiryalgudaMaruthiRao said:

pm please

nee pant kindaki mundu cheddilu konukkora.. ivi taravata..

[chanchala]

5 minutes ago, JambaKrantu said:

Read this article, there are several other articles and surveys that predict anywhere between 60 to 80% of the IT workforce to remain remote forever

 

https://www.forbes.com/sites/gilpress/2020/07/15/the-future-of-work-post-covid-19/#d95e6724baf8

mmmm

[JambaKrantu]

19 minutes ago, tom bhayya said:

same with hyd dont tell me that Hyd is different 

HYD will be impacted for sure but real estate dynamics in India and US are different. With the overpopulation and limited options of livable and affordable cities in India, HYD won't sustain the same amount of impact. 

[Migilindi22]

16 minutes ago, JambaKrantu said:

Read this article, there are several other articles and surveys that predict anywhere between 60 to 80% of the IT workforce to remain remote forever

 

https://www.forbes.com/sites/gilpress/2020/07/15/the-future-of-work-post-covid-19/#d95e6724baf8

Gitlanty survey saana susam. Thatha mida saana ochay. Yemaindy?. I disagree with your analysis. Sfo and ny will bounce back even stronger

[Migilindi22]

1 minute ago, Migilindi22 said:

Gitlanty survey saana susam. Thatha mida saana ochay. Yemaindy?. I disagree with your analysis. Sfo and ny will bounce back even stronger

With 70% wfh, there is even more risk for real estate debacle which will impact many other sectors and drive us into recession 

[Catalpha]

23 minutes ago, JambaKrantu said:

Read this article, there are several other articles and surveys that predict anywhere between 60 to 80% of the IT workforce to remain remote forever

 

https://www.forbes.com/sites/gilpress/2020/07/15/the-future-of-work-post-covid-19/#d95e6724baf8

Then why would jobs be in the US

[JambaKrantu]

Just now, Migilindi22 said:

With 70% wfh, there is even more risk for real estate debacle which will impact many other sectors and drive us into recession 

Commercial real estate and a few over priced cities themselves will not cause a nationwide recession. It will have localized impact. 

[chanchala]

Just now, JambaKrantu said:

Commercial real estate and a few over priced cities themselves will not cause a nationwide recession. It will have localized impact. 

[chanchala]

1 minute ago, Catalpha said:

Then why would jobs be in the US

because JambuKrantu thinks there would be. its called mogic.. magical logic

[JambaKrantu]

Just now, Catalpha said:

Then why would jobs be in the US

Most of the IT jobs that can be shipped overseas are already outsourced. The ones that are in the country now are here for a variety of reasons, privacy concerns, government regulations, companies want US based workers in US timezones, company culture prefers US based workforce and so on and so forth..