Real Estate Crash thread

[J. Barron DeJong]

It's not schmoozing and sucking up to your boss, it's learning how to develop relationships with clients and who at the client to develop relationships with and then also how to get credit internally for the wins. It's really rare that someone advances very far past where merit alone would place them ime.

I’m not in sales. I’m not developing relationships with clients.

[J. Barron DeJong]

In that we are in agreement...

Yeah. I’m not advancing a plan for how to climb as high up the corporate ladder as possible. I moved across country and live in a ski town, so different priorities.

[J. Barron DeJong]

Those that suck up without building relationships fizzle out = game.

It’s all a fucking game. Get off your high horse.

I’m not talking about myself, I moved to a ski town because I don’t care about advancing.

I’m talking about watching other co-workers come into the company and seeing who’s where a decade later.

[californiagrown]

I’m not in sales. I’m not developing relationships with clients.

Fwiw, I'm not in sales either. I'm in engineering. Developing relationships with clients/consultants/coworkers is key to keep work flowing your way... or increasing the amount of work flowing your way if advancement/growth is the goal.

[Mustonen]

I’m not talking about myself, I moved to a ski town because I don’t care about advancing.

I’m talking about watching other co-workers come into the company and seeing who’s where a decade later.

Right. You have maximized what’s important to you. Good job on playing the game well. Now quit sneering.

[Foggy_Goggles]

https://www.skyhinews.com/news/grand...ns-june-11-17/

Around here, it seems like people have stopped paying full retard for shit box condos and down valley nothing specials.

And Karen's gonna Karen. Read these public comments opposing an apartment complex https://grandco.app.box.com/s/is2k5s...r/211937030928

Sent from my Turbo 850 Flatbrimed Highhorse

[anotherVTskibum]

Fwiw, I'm not in sales either. I'm in engineering. Developing relationships with clients/consultants/coworkers is key to keep work flowing your way... or increasing the amount of work flowing your way if advancement/growth is the goal.

A relationship with the people driving the projects also helps in being able to properly define them; the less smoke you need to blow, the easier it becomes to get the specs right for the business case and budget (or to tell the client that they're asking for a two-comma project with a one-comma budget).

[J. Barron DeJong]

In good real estate news, a record number of multi-family housing units are currently under construction.

https://www.calculatedriskblog.com/2...er-of.html?m=1

[Mazderati]

If only relationships could be built remotely. Nah.

[skaredshtles]

https://www.skyhinews.com/news/grand...ns-june-11-17/

Around here, it seems like people have stopped paying full retard for shit box condos and down valley nothing specials.

And Karen's gonna Karen. Read these public comments opposing an apartment complex https://grandco.app.box.com/s/is2k5s...r/211937030928

Sent from my Turbo 850 Flatbrimed Highhorse

"Placing an apartment complex in a subdivision surrounded by million-dollar homes on all sides would significantly decrease property values throughout our community."

[Foggy_Goggles]

These people are special. This isn't a rezone. It is in an Urban Growth Area, 1/4 mile from US Hwy 40, and served by a municipal water and sewer district.

They really perceive that Planning and Zoning exists to insulate them from any perceived negative effect of any development.

They are not afraid to come with classist boomer rage no matter how old they are.

Sent from my Turbo 850 Flatbrimed Highhorse

[Conundrum]

I live between two million dollar homes (mine is definitely not) and across the street from apartments. The apartment neighbors are cool folks and the million dollar houses are still worth a million each or more. Commenter sounds like a cunt.

[Foggy_Goggles]

You only read one comment? You are missing the good stuff like calling apartment dealers "transients", the unslightlyness of a parking lot, suggestions to limit pets due to "their" pond being over run.

I really think they'd support an HOA covenant of any white people with a certain level of wealth. It's honestly been pretty eye opening and kinda gross.

Vacant lots make great neighborhoods but rhetoric is not something I would have expected around where I live.

Sent from my Turbo 850 Flatbrimed Highhorse

[skaredshtles]

You only read one comment? You are missing the good stuff like calling apartment dealers "transients", the unslightlyness of a parking lot, suggestions to limit pets due to "their" pond being over run.

I really think they'd support an HOA covenant of any white people with a certain level of wealth. It's honestly been pretty eye opening and kinda gross.

Vacant lots make great neighborhoods but rhetoric is not something I would have expected around where I live.

Sent from my Turbo 850 Flatbrimed Highhorse

I generally try not to read the comments.

[Danno]

I generally try not to read the comments.

Confucius say, wise man.

[AdironRider]

I pretty much use the internet exclusively for the comments

[skaredshtles]

I pretty much use the internet exclusively for the comments

[Name Redacted]

I generally try not to read the comments.

I liken it to looking down a campground pit toilet. You aint gonna like what you see.

[skaredshtles]

I liken it to looking down a campground pit toilet. You aint gonna like what you see.

But sometimes... you just gotta look, amirite??

[Danno]

I liken it to looking down a campground pit toilet. You aint gonna like what you see.

But sometimes... you just gotta look, amirite??

Never know what might be looking back at you:

[californiagrown]

If only relationships could be built remotely. Nah.

It's certainly not easier. And during a time in their careers where they are learning everything, all the time, they don't need unnecessary impediments to learning. Informal, social, ruboff learning is diminished (though not entirely eliminated) by wfh... and that hits greenhorns hardest.

Just had one of my entry level guys say he was house hunting with his GF and his price range was 750ish for a townhome. I think a lot of gen zers are getting parental help on their first home and that will help prop up the real estate market.

[liv2ski]

If you don't help your kids in HCOLA's they don't have a chance.

[californiagrown]

If you don't help your kids in HCOLA's they don't have a chance.

Eh. In this case the guys standards are just very high. He could get something for half that price, but just not built in the last 5 years. He said the cheaper options were crappy and he would rather just rent than own something crappy. I know his salary and he could just barely afford to buy my condo 15 mins from 2 different company offices, but with help from his GF, he could comfortably afford it... but its not in the most hip area, and it was built in 1988 with minimal updating so he would never consider something like that... even as a starter. This is in the Seattle metro area, which is a notorious HCOLA. Id argue that only a few areas legit price out most people (NYC/LA/SF) but many more require creative solutions like buying and then renting rooms for a while. That part of the american dream is changing, its not dead... IMO.

[J. Barron DeJong]

thread:
https://twitter.com/jaredvidales/sta...sR_NcRK2VkCfkg

[californiagrown]

thread:
https://twitter.com/jaredvidales/sta...sR_NcRK2VkCfkg

While guy is not wrong about development code and NIMBYs hampering the effort to build housing efficiently, there are so many things wrong about what he did and how he went about it, not the least of which is publicly shitting on City officials and the neighbors and burning those bridges. Dropping 100k on consultant fees prior to a preapp meeting for a 40 lot plat in AZ, along with the ensuing twitter tantrum screams inexperience to me. Reminds me of the time that one of my developer clients fought with the City over how many townhomes they could fit on the property (9 vs 13) and after a months long battle the developer won, and then promptly changed the name of the project to Thirteen Townhomes, just to rub it in the City's face.

Edit: He is the owner of Highest Cash Offer, which is exactly as it sounds. Need cash fast? He pays cash for YOUR house!