patrick.net

I looked at earnings like EBITA for Zillow and it has essentially never made a profit since it went public in 2011 :-/

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People in my neighborhood in tri valley not taking evening walks like they used to. We're almost alone during evening walks, unheard of. Fear and Loathing in the tech sector making people upset?

Ceffer says

People in my neighborhood in tri valley not taking evening walks like they used to. We're almost alone during evening walks, unheard of. Fear and Loathing in the tech sector making people upset?

Is this in Silicon Valley ? If yes, are they too stressed about possibly an impending job layoff ? Or stressed cause they lost a lot of money in the stock market, crypto, home value, etc. ?

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ad says

Is this in Silicon Valley ? If yes, are they too stressed about possibly an impending job layoff ? Or stressed cause they lost a lot of money in the stock market, crypto, home value, etc. ?

Too stressed about the possibility of having to actually go back to the office! Some are scared they will die of covid (even though the commute is likely more dangers than the covid) and some just don't like the inconvenience of having to show up at work. Some lame group at Apple actually claims working in the office disproportionately inconveniences minorities.

ad says

Is this in Silicon Valley ?

Not really Silicon Valley. It's a bedroom community in three small valleys of the Diablo Mountains east of the East Bay.

Geographically, not Silicon Valley. Demographically, a bedroom community for Silicon Valley. Before traffic got maddeningly horrible, it was a reasonable commute time/distance to Silicon Valley. Over the decades working in the trenches of tech I've known many who relocated to there, to flee the urban folks, especially urban folks of color. Sort of like salarymen of NYC commuting in from Connecticut. They needed their techie salaries to make it all work, and like I mentioned in a different thread, it meant TWO techie salaries, - and so latchkey children. Ilene Mischeloff was one of those latchkey children. Last seen walking home from her middle school in leafy, lily-white Dublin. No parent at home to notice she didn't make it till several hours later after techie parents came home from work in the evening. During that time there were other sensationalized cases of adolescent girls in the region being kidnapped. Betcha if Ilene wasn't a latchkey kid whose techie parents were away each day in "Silicon Valley", one of the parents would've picked her up or otherwise escorted her home that day.

Much to be nervous about for many trivalley folks to "make it all work".

Just the property taxes at current values are onerous. Between inflation and stock market realignments, my own pile is down by a purchase capability (as opposed to net numerical losses) of over 20-25 percent so far from peak and still going down lots of Hummers. Nothing for me to worry about since we can easily live on a fraction of the pile's output. However, the paycheck to paycheck crew, in debt, mortgaged and stretched on the working rack for the suburban dream, could be in trouble. It does seem to resemble the tech drop of 2000-01, although I think that market was even more frothy and heady than the present.

B.A.C.A.H. says

ad says

Is this in Silicon Valley ?

Not really Silicon Valley. It's a bedroom community in three small valleys of the Diablo Mountains east of the East Bay.

Geographically, not Silicon Valley. Demographically, a bedroom community for Silicon Valley. Before traffic got maddeningly horrible, it was a reasonable commute time/distance to Silicon Valley. Over the decades working in the trenches of tech I've known many who relocated to there, to flee the urban folks, especially urban folks of color. Sort of like salarymen of NYC commuting in from Connecticut. They needed their techie salaries to make it all work, and like I mentioned in a different thread, it meant TWO techie salaries, - and so latchkey children. Ilene Mischeloff was one of those latchkey children. Last seen walking home from her middle school in leafy, lily-white Dublin. No parent at home to notice she didn't...

Not sure about the father but the mother works for the city, is not a "techie" and does not have a commute to speak of (5 min tops).

RWSGFY says

Not sure about the father but the mother works for the city, is not a "techie"

When her daughter went missing, the mother worked in HR for a tech company in the Valley, - a "techie". The local gig came later (too late).

B.A.C.A.H. says

When her daughter went missing, the mother worked in HR for a tech company in the Valley,

Dad was a 'propellerhead' Labber, as they like to call the Lawrence Livermore crew. He had all the spaced out geek appurtenances, including big mutton chop whiskers when they weren't 'in fashion'. They still have an annual publicity thing for the disappeared girl.

Ceffer says

Dad was a 'propellerhead' Labber, as they like to call the Lawrence Livermore crew.

He was also an engineer at a semiconductor company in "the valley", where he worked when his latchkey daughter went missing. Look it up. I worked there at the time.

Could be. I knew some who contracted for LLL or Sandia and also worked in private tech industry around the area.

When I worked for a 'Guv Lab', they were starting to push me to collaborate with some associated tech groups on the peninsula at the time. However, I didn't stick around long enough for that to happen.

@ad

Zillow is making money they are just reinvesting their 'profits/revenues' back into the business.

Zillow will go BK when housing declines. The high prices saved them from their stupidity in buying

ElYorsh says

Zillow will go BK when housing declines. The high prices saved them from their stupidity in buying

I think they have actually lost money on that one. And laid off shitload of people. But since now they are out of that racket, I don't think price declines would matter anymore.