Not to continue beating a dead horse but....

[HangOutdoors]

Gas will go up a lot I predict, but the cyber attack is just a small thing. Look around and see who, whom owns major shares in refineries as well as have interests in them, oil and overseas ventures with oil and refinement. It is inevitable. Not sure it will hit 5 bucks here in Michigan but I see $4 + coming. For me $200 + per tank/outing/day if we use like last year. And we usually burned through a whole tank each outing pulling watersports. I am going to try and balance that this year by adding in the Reef Mat, Barbecue and other things. That is one of the reasons also that I got the Trolling motor, so we can cruise around some of the coves and such without running the big engines, plus it is more peaceful.

As far as boat and truck prices staying up there, not sure gas will have anything much to do with that. Inventory/Supply is driving that.

I have done some pretty silly things with money at times in my life, but spending it on gas and things the whole family can do together while everyone is still in the house is not one of them. Can't get the time back. Wish I was better off financially many years ago when my daughters where young to take them places and do things I couldn't afford, but can now.

 

[2kwik4u]

Can't get the time back.

And if you wait until you're ready you'll never start. Just do it.

Always had the mentality of; "Its' just money, I'll make more". Served me well the first 40yrs of my life. Lets hope it holds for the second 40 eh?

 

[BlkGS]

This is such a weird situation going on. If I didn't have kids right now I would have my truck, boat, and motorcycles all for sale. I would take my money and walk until this all crashes. I just don't want to go a summer without a boat with my kids. We basically only get 2.5 months to play in the boat.

How many think we will see $5.00/gal gas by June 1 with this cyber attack on that refinery? I can't see boat and truck prices staying "hot" if this happens.

"Experts" are saying 20 to 30 cents a gallon if the pipeline stays down. To be honest, I doubt there's much change. People aren't commuting as much, so demand is much lower. So I don't see a big spike in prices from it honestly.

That said, when people are buying boats, they're not thinking of the cost to fill up a 50+ gallon tank. Maybe in a big truck they think of it, but usually people buying a truck either have a need or have a thing they're compensating for. They're likely not thinking about fuel economy outside of "does one truck do better on gas than the other"

 

[Quad]

I think what people are missing is the realities of what's driving this. It's supply side, and demand is high. What will slow this is an increase in supply. That will come, on its own, as foreclosures start again. There are SO many preforclosure houses that can't be brought to market because of the govt. Once that process gets back into swing, the market will slowly cool off.

Banks won't do it too quickly either, because they know they can make lots of money by tempering the pace they sell them and keeping supply low.

The big difference between this market and 08 is the lending. There aren't a ton of VAPR loans out there set to expire. There's not as giant a boatload of subprime mortgages out there. There are a lot of FHA loans out, but not like back in the day. Moreover, the market isn't that hot everywhere. Up north, the market blows. Supply is a little tight, but they're not seeing the crazy price spike or bidding wars. A lot of what's driving our prices up is people fleeing the north. That's not likely to change either.

So overall, I don't think it's a bubble. I think it's more of a frenzy that will slow, but I don't see prices in the south coming back down, outside of maybe some big cities. The other thing is places that had overly expensive markets due to jobs like DC, Austin, etc. Are now going to have to grapple with people telecommuting. If you can work remotely, nobody will stay in a city where they have to deal with high taxes, crime, and hugely long commutes everywhere. Cities that are a bit smaller and more relaxed will, imo, do pretty well still.

Here in Maine(!!!), we're seeing insane price surges and no supply. At least in the Greater Portland area, it seems to be many people 1) fleeing NYC, Boston, etc for areas that cost less and they can work remotely and 2) local folks trying to find bigger homes to expand office space. The locals can barely keep up with out of state money, and those of us already on the water are seeing neighboring homes sell within days of being on the market for absolutely insane prices. We could sell our house today for at least 2x what we paid 5 years ago.

 

[BlkGS]

Here in Maine(!!!), we're seeing insane price surges and no supply. At least in the Greater Portland area, it seems to be many people 1) fleeing NYC, Boston, etc for areas that cost less and they can work remotely and 2) local folks trying to find bigger homes to expand office space. The locals can barely keep up with out of state money, and those of us already on the water are seeing neighboring homes sell within days of being on the market for absolutely insane prices. We could sell our house today for at least 2x what we paid 5 years ago.

I suppose "big Northern cities" would have been more detailed, haha. But yeah, rural areas seem to be seeing big price spikes, especially if they're only rural by bigncity standards. If it's in an area where you can get to most big stores in 30 minutes or so, prices seem to be going up as people flee congestion.

 

[2kwik4u]

I suppose "big Northern cities" would have been more detailed, haha. But yeah, rural areas seem to be seeing big price spikes, especially if they're only rural by bigncity standards. If it's in an area where you can get to most big stores in 30 minutes or so, prices seem to be going up as people flee congestion.

Exactly where I live. 15-20min drive into the downtown area of the 29th largest city in the US. About the same drive to the nearest Costco and Shopping mall. I'm within 2hrs of Indianapolis, Cincinnati, and Nashville.

My house backs up to an 18acre hay field and I still have deer in the yard on a nightly basis. It's rural enough to feel "out in the country", but close enough to not really miss anything from "big city life".

By, it makes for an interesting mix of politics and religion though. Shew the opinions around here are a mixed bag!

 

[Canuckjetboater]

XYZ

 

[the MfM]

Here in Maine(!!!), we're seeing insane price surges and no supply. At least in the Greater Portland area, it seems to be many people 1) fleeing NYC, Boston, etc for areas that cost less and they can work remotely and 2) local folks trying to find bigger homes to expand office space. The locals can barely keep up with out of state money, and those of us already on the water are seeing neighboring homes sell within days of being on the market for absolutely insane prices. We could sell our house today for at least 2x what we paid 5 years ago.

Yep, when they fled the cities they scattered like cock roaches in every direction.

It will be interesting to see what happens if/when companies start to adjust salaries for remote workers considering they no longer have to be in high cost of living areas.

 

[BlkGS]

Yep, when they fled the cities they scattered like cock roaches in every direction.

It will be interesting to see what happens if/when companies start to adjust salaries for remote workers considering they no longer have to be in high cost of living areas.

My younger sister is convinced she is going to get a job working for a SF bay area tech company at bay area wages, but then get to live remotely and live wherever she wants. She's delusional (about a lot of things), but people really do think like this.

 

[Quad]

Yep, when they fled the cities they scattered like cock roaches in every direction.

It will be interesting to see what happens if/when companies start to adjust salaries for remote workers considering they no longer have to be in high cost of living areas.

I'm the director of a technical department and I can't fill well-paying roles because local talent is taking remote work - work that has specifically been listed as remote. (More details for added clarity - we are hiring, people we have interviewed are interested though end up takin higher paying work that is exclusively remote, while we have an in-person staffing model that will be implemented in Q3.)

I think there will be a more competitive market overall. The best talent can be hired at a CA based company but live in ME. If the compensation isn't what they desire and their skills travel well, they'll find a place that pays better, locally or remote. I'm not saying that someone in Maine will get Bay Area salaries, but it will be at least Boston level (which really isn't too far off from Bay Area), and we're already starting to see those salaries creep in locally.

 

[HangOutdoors]

I am a CIO and my entire staff is remote right now, at least till June 14th. I do not pay West Coast Wages.

 

[Slant555]

Prices of boats, historically, never really dropped.
Could it be different this time?
I think we are seeing real inflation. Fiscal discipline has been gone for a few years at the top and the trend appears to trickle down.

To me, what continues to amaze me when it comes to buying boats are people who take super long-term boat loans because it's better than paying cash because the rates are so low they will make more money investing it! lol.
Seriously, I have heard this more than once.
How many of those geniuses-investors are going to keep their boats for twenty years, while the actual rates they pay in first few years are ten-, twenty-fold higher than the "low rate" they have in mind...
Unbelievable, as most of them are technically adults. If those attitudes become widespread, than yes, a downturn, or crush, seems inevitable.

Hahaha! Yes. Never take financial advice from a sales person. I try to buy everything I own in cash...not possible on all purchases of course but first course of action after any loan is...pay off the loan! Interest is still interest ie. you are paying more than what it cost.

 

[adrianp89]

I am a CIO and my entire staff is remote right now, at least till June 14th. I do not pay West Coast Wages.

Remote work forces are the future and the next major transition in society. A lot of companies will be left behind trying to go back to old norm of cubicles. There are tons of jobs available, and when people are told to go back to the office, they will just find a job that is remote. Organizations are starting to realize they can get the best talent in the country and not just the best in their back yard.

 

[swatski]

Remote work forces are the future and the next major transition in society. A lot of companies will be left behind trying to go back to old norm of cubicles. There are tons of jobs available, and when people are told to go back to the office, they will just find a job that is remote. Organizations are starting to realize they can get the best talent in the country and not just the best in their back yard.

Right... lololol.
It's also a way to make yourself most dispensable. A migrant worker of tomorrow?

Joking aside, it can work, in some sectors; but in my experience it is very hard to run any real operation 100% remotely.
I'm speaking from a position of an (interim) director of a third largest clinical sequencing facility in the nation. 90% of our "production" activity is in silico, if you will. The other 10% is what makes the operations run smoothly, provides a differentiator from the competition, etc.
I can tell you, in general, we don't hire anyone above an analyst level unless they commit to be on site, at least part time.
I - go in every day; for now I take most weekends off, "off" meaning being remote, lolol.


YMMV
--

 

[swatski]

...what is this thread about, anyway?

I need to run to work.

lololol

--

 

[2kwik4u]

My younger sister is convinced she is going to get a job working for a SF bay area tech company at bay area wages, but then get to live remotely and live wherever she wants. She's delusional (about a lot of things), but people really do think like this.

Best friend does this exact thing. Sales Engineer for a storage company based out of Mountain View. 6-figure salary to work out of his basement in the Southeast.

I would say he's the exception, not the rule though. He spent the first 10yrs of his career working locally for peanuts, then got in good with the team on the west coast to support local initiatives and clients. It wasn't a "just go find it" plan to get there, he had to work for it and prove his value before stepping into that role.

 

[2kwik4u]

Right... lololol.
It's also a way to make yourself most dispensable. A migrant worker of tomorrow?

I've always worked on the premise of making myself EASILY replaceable. I cross train, educate, and encourage those under me to come take my position. That leaves me free to move ahead and take on more......With that said, I've never worked for a company over ~$100mil in revenue, so arguably they've all been "small" companies.

....I can tell you, in general, we don't hire anyone above an analyst level unless they commit to be on site, at least part time.
I - go in every day; for now I take most weekends off, "off" meaning being remote, lolol.

Same here. Many jobs will remain a "must be present to win" at least at some level. I'm an engineer in the manufacturing sector. Really hard for my shop guys to work out of their dining room!

I will say though, there has been a "shift" in mentality of upper management here. They've finally realized that they don't pay for people to warm a seat, they pay people to get things done. Some of us can work from anywhere, some of us MUST be present at the shop. Those of us that can work from anywhere, often do. So things like moving my schedule around to catch the boys ball game, working a few hours at home in the morning before a doctors appointment, and things like that, they finally understand and are FAR more relaxed about. The benefits of flexibility gained from remote access has been absolutely HUGE for work/life balance, and we've both recruited, hired, and retained a good number of people on that balance. The mentality of "get your job done, I don't care where you sit" has really helped drive clarity in purpose. It's also REALLY weeded out those that are just here to punch a clock. They went home and productivity dropped like a rock, and have subsequently already been replaced. I firmly believe there is no "revolution" coming in the modern workforce, this is just another evolutionary move, and the companies that are the most flexible, while keeping an eye on productivity will come out on top.

 

[adrianp89]

Right... lololol.
It's also a way to make yourself most dispensable. A migrant worker of tomorrow?

Joking aside, it can work, in some sectors; but in my experience it is very hard to run any real operation 100% remotely.
I'm speaking from a position of an (interim) director of a third largest clinical sequencing facility in the nation. 90% of our "production" activity is in silico, if you will. The other 10% is what makes the operations run smoothly, provides a differentiator from the competition, etc.
I can tell you, in general, we don't hire anyone above an analyst level unless they commit to be on site, at least part time.
I - go in every day; for now I take most weekends off, "off" meaning being remote, lolol.


YMMV
--

It definitely depends on sector. Anything considered a “cubicle” job (most of corporate America) will end up this way. Obviously production will be different, though that has been shifting away from our country anyways. Even on a director or corporate officer level there is still minimal reason to be in office.

People can think it’s funny and not going to happen. Sears probably thought online sales was funny too ?‍ Adapt or get left behind.

 

[adrianp89]

...what is this thread about, anyway?

I need to run to work.

lololol

--

Beating dead animals or something.... not sure. Maybe Yamahas lack of quality control around anchor locker drains?

 

[BlkGS]

I'm the director of a technical department and I can't fill well-paying roles because local talent is taking remote work - work that has specifically been listed as remote.

I think there will be a more competitive market overall. The best talent can be hired at a CA based company but live in ME. If the compensation isn't what they desire and their skills travel well, they'll find a place that pays better, locally or remote. I'm not saying that someone in Maine will get Bay Area salaries, but it will be at least Boston level (which really isn't too far off from Bay Area), and we're already starting to see those salaries creep in locally.

My work has a hard time filling roles too. I think a lot of companies have expectations out of whack with reality. I see postings all the time for entry level ish work, often times with entry level pay, but they want 5 to 10 years of experience.

My company has subtlety hinted that roles that aren't production based will be full time remote, and we will convert that extra office space into production floor. So all the people who have been remote for a year, have had no reason not to be remote, why would they waste the floor space to give them offices?

That said, I think the expectation will be "be available". So if there's a meeting, or you need to come see something, you can come do that. If you're in market, maybe you drove in. If you're out of market because you moved, I don't think it's unreasonable to be expected to hop on a plane or train, get a hotel for the night, and come in the next day. Especially if it's like, once a quarter or something. Maybe once a month. I don't think most people would be upset by that until they get super entitled.