Newer Irvine listings with crazy WTF asking prices from equity sellers

Danimal said:
This photo is from another thread about an open house (attached condo) in S. OC today. According to OP, 10 people inside, 40+ waiting outside to get in and the rest looking for parking.

That is nothing pre covid grand opening of new homes in Irvine would bring thousands of people. (free drinks, boba, snacks, water, food)


 
eyephone said:
airplanes said:
Just wait until Facebook and Google cave to employee demands and start offering permanent WFH / remote work to a wider base of employees.  And if you are familiar with the valley and tech culture, you know that the other large employers tend to follow what FB / Google establish as a precedent when it comes to employee benefits.

Software engineers making $500k - $1M+ a year will start descending down to Orange County in hordes, leaving the Bay Area behind them.  As many have already pointed out, lots of them have already made their way down.

Even $800 / sq ft looks like a bargain if you are used to looking at homes in Palo Alto where homes start at $1,500 / sq ft.

I thought facebook delayed to return to the office until March.

Source: cbnc

Yup, you are correct.

Right now lots of employees have left the bay but once they get the green light to never return, lots of them are going to permanently switch NorCal for SoCal.  I used to live/work in the Bay Area and made the switch last year.
 
I personally knew people who live in Bay Area during weekdays in cheap accommodation and commute to Irvine during the weekend , PRE Covid.

Then you have LA people who are buying in OC?

The trend will get worse?
 
The California Court Company said:
I personally knew people who live in Bay Area during weekdays in cheap accommodation and commute to Irvine during the weekend , PRE Covid.

Then you have LA people who are buying in OC?

The trend will get worse?
The proposed  Orchard Hills 4 New SFRs will make a great destination for Bay Area buyers with deeper pockets that OC locals  :)
 
The California Court Company said:
I personally knew people who live in Bay Area during weekdays in cheap accommodation and commute to Irvine during the weekend , PRE Covid.

Then you have LA people who are buying in OC?

The trend will get worse?

It is a waste of time to drive or fly back and forth.
 
The California Court Company said:
I personally knew people who live in Bay Area during weekdays in cheap accommodation and commute to Irvine during the weekend , PRE Covid.

Then you have LA people who are buying in OC?

The trend will get worse?

Worse?
PotatO
potAto
 
The California Court Company said:
I personally knew people who live in Bay Area during weekdays in cheap accommodation and commute to Irvine during the weekend , PRE Covid.

Then you have LA people who are buying in OC?

The trend will get worse?
yeah the only thing that prevented the inflow of Bay Area/LA folks to move into OC is the lack of tech jobs outside of Google/Amazon. With remote work now potentially being the norm going forward, people can now make the decision to live wherever they want.
 
well it will be harder for Apple to appreciate more now?.its stock almost tripled since the Covid low. do you think it will triple again reaching 9 trillion market cap in two years?  so don?t need to worry about new Apple hires now. it is the people who are tenured but want to make Irvine home for their kids and family and more bang of the buck for housing,  that only need to work in bay area for less than 5 days a week.

scubasteve said:
Apple is opening up a design center in Irvine so buy now or get priced out forever! #RSUs
https://www.bloomberg.com/news/arti...n-new-office-to-bring-wireless-chips-in-house
 
The California Court Company said:
well it will be harder for Apple to appreciate more now?.its stock almost tripled since the Covid low. do you think it will triple again reaching 9 trillion market cap in two years?  so don?t need to worry about new Apple hires now. it is the people who are tenured but want to make Irvine home for their kids and family and more bang of the buck for housing,  that only need to work in bay area for less than 5 days a week.

scubasteve said:
Apple is opening up a design center in Irvine so buy now or get priced out forever! #RSUs
https://www.bloomberg.com/news/arti...n-new-office-to-bring-wireless-chips-in-house

Apple also has a very big campus in Austin.
 
Danimal said:
scubasteve said:
Apple is opening up a design center in Irvine so buy now or get priced out forever! #RSUs
https://www.bloomberg.com/news/arti...n-new-office-to-bring-wireless-chips-in-house

Microsoft just announced the purchase of Activation Blizzard. Irvine now has another mega cap footprint.

Microsoft already had an office in Lake Forest for a long time, and the purchasing of Blizzard is just switching of owner, so there is no material impact to the job market here. Unless Microsoft decided to hiring more people locally here but this needs it to open new line of business (which requires more engineering effort to justify the extra headcount).
 
felixcat said:
Danimal said:
scubasteve said:
Apple is opening up a design center in Irvine so buy now or get priced out forever! #RSUs
https://www.bloomberg.com/news/arti...n-new-office-to-bring-wireless-chips-in-house

Microsoft just announced the purchase of Activation Blizzard. Irvine now has another mega cap footprint.

Microsoft already had an office in Lake Forest for a long time, and the purchasing of Blizzard is just switching of owner, so there is no material impact to the job market here. Unless Microsoft decided to hiring more people locally here but this needs it to open new line of business (which requires more engineering effort to justify the extra headcount).
Most likely activision employees are getting an immediate vesting of options.
 
felixcat said:
Danimal said:
scubasteve said:
Apple is opening up a design center in Irvine so buy now or get priced out forever! #RSUs
https://www.bloomberg.com/news/arti...n-new-office-to-bring-wireless-chips-in-house

Microsoft just announced the purchase of Activation Blizzard. Irvine now has another mega cap footprint.

Microsoft already had an office in Lake Forest for a long time, and the purchasing of Blizzard is just switching of owner, so there is no material impact to the job market here. Unless Microsoft decided to hiring more people locally here but this needs it to open new line of business (which requires more engineering effort to justify the extra headcount).

Funny you brought that up.  I dont know about now but that office in Lake Forest had a small team dealing with MSSQL development. I worked there as db developer few years ago.

Blizzard activation is huge. They may or may not hire more. All i am saying is that MS has a bigger footprint in Irvine.
 
Ready2Downsize said:
felixcat said:
Danimal said:
scubasteve said:
Apple is opening up a design center in Irvine so buy now or get priced out forever! #RSUs
https://www.bloomberg.com/news/arti...n-new-office-to-bring-wireless-chips-in-house

Microsoft just announced the purchase of Activation Blizzard. Irvine now has another mega cap footprint.

Microsoft already had an office in Lake Forest for a long time, and the purchasing of Blizzard is just switching of owner, so there is no material impact to the job market here. Unless Microsoft decided to hiring more people locally here but this needs it to open new line of business (which requires more engineering effort to justify the extra headcount).
Most likely activision employees are getting an immediate vesting of options.

It's an all cash acquisition, so no conversion to MSFT shares. Question is, are the unvested shares accounted for?
 
The list of government agencies investigating Activision Blizzard has grown to now include the SEC. The Wall Street Journal reported that the Securities and Exchange Commission has subpoenaed the video game publishing giant, including CEO Bobby Kotick, for records pertaining to employment, separation agreements, and communications between senior executives. The Wall Street Journal report says that the SEC is investigating whether Activision Blizzard disclosed information about harassment and discrimination claims to investors in a timely fashion.

Activision Blizzard issued a press release on its investor relations website confirming they are cooperating with regulators and authorities. Activision CEO Bobby Kotick said,

?We are deeply committed to making Activision Blizzard one of the best, most inclusive places to work anywhere. There is absolutely no place anywhere in our Company for discrimination, harassment, or unequal treatment of any kind. While we continue to work in good faith with regulators to address and resolve past workplace issues, we also continue to move ahead with our own initiatives to ensure that we are the very best place to work. We remain committed to addressing all workplace issues in a forthright and prompt manner.?
Two months ago, the California Department of Fair Employment and Housing sued Activision Blizzard for facilitating a culture of abuse, harassment, and discrimination. The suit alleges that employees engaged in activities like a ?cube crawl? in which men drank large amounts of alcohol while moving from workstation to workstation ?groping? or otherwise harassing female employees. There was also an account of the infamous ?Cosby suite? in which Blizzard employees set up a room at Blizzcon in 2013 where men attempted to ply women with alcohol in efforts to sleep with them.

https://www.theverge.com/platform/a...ard-investigation-sec-activision-bobby-kotick

Maybe this is a blessing. You guys thought better.com was bad. I would avoid this with a 10 foot pole after I read this article.
 
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