For the Real Estate Drop in sales and price Naysayers HOLD ONTO YOUR HATS

[Cray Paper]

Man I feel old saying this ( 52 YO) but the industry I have spent my career working in has been carrying a LOT of dead weight for more than 2 decades. I say dead weight because of what it was when I entered the industry. Work your ass off, dedicate yourself to what you have chosen as a profession and provide value to the project / owner. I am still a union carpenter and learned in very direct and not politically correct ways to help your fellow worker and PROVE you take pride in being a better worker than non union carpenters, that is how I was trained by carpenter foreman when I was young and dumb.. Some were white, male, black male, white female lesbian. I respected them all and wanted to learn from them and did.
The younger generation today is much more polished, but is not goal or self driven. The concept of providing value and owning self performance is gone in most of the people born after the late 80's. Not all but enough of them that what is going to happen now is a good thing. The hard workers that can think for their themselves will be alright, it's just going to be a much smaller percentage since the last downturn. Those that follow and not able to think and do for themselves are going to suffer.

 

[Havasu blue label]

Yes we do, the dollar amount of contracts that were signed and the work is now shelved in the Seattle area is huge, in the billions. It will take a couple of months for the union trades to really get a taste of where the local economy is heading. I saw what was coming a couple of years ago, been through this cycle for more than 3 decades in the construction industry.

The younger generation is in for rude reality check of how things really work, I don't, seen this several times since I entered the work force when I was 15 YO in 1985.

The office space market is going well on it's way to cratering, it has several times in the last 20+ years... but this downturn isn't like the others. Think about what it takes for a MS, Amazon, Expedia etc. ( I've worked on campus projects for each of them..) to sustain, let alone build.

The real question is will it ever come back? I was involved with the demo scope of the Amgen campus that Expedia purchased about 8 years ago.. then the build back. Big business knows / directs 'coming....no doubt in my mind.

People working from home eliminates millions / billions of dollars of corporate campus expenses.... the Amgen campus spent more than 100K a month idling it with zero people or equipment in the almost 1M sq' of lab and office space almost a decade ago. Servicing buildings ( cleaners, janitors, building & equipment maintenance) adds up quickly.

I don't see home prices dropping much, but white collar job salaries are going to and their will be a huge loss in construction jobs. That will help drive down home prices but the work from home reality will insure home prices do not crater.

Just my .02

Same here

 

[Havasu blue label]

So how much longer do we have to wait for this crash to come in the economy?? Just making sure I don't wear my favorite hat outside.

Glad you are doing well

 

[PaPaG]

Hold onto your ... hats? $975K for this place? Yeesh! It's nice but... Wow.

View attachment 1179263

After a 19% price drop from original price I would say a held on hat was just proven to be a good idea..lol.

 

[PaPaG]

The funniest part of this thread is all the Naysayers that are financial and real estate investing experts saying OH that price was just to high, or inflated and now it adjusted so no hat holding needed and no drop, or pointing out some house in some of the hottest parts of the country selling for a high price and ignoring the rest of the country and financial markets, any excuse to deny the facts. I cannot help but laugh at those comments. IT has just begun....if anyone follows the stock market and actual financial news and reports it is clear as can be that debt is increasing by leaps and bounds, mortgage rates have gone up dramatically and a lot of folks (maybe not the real estate and financial experts here on RDP) but a lot throughout the country have started to suffer and it is only getting worse. Hat holding still suggested because the gusts have started and going to continue for another year or two.

 

[Go-Fly]

Here's my opinion after 49 years of the grind. Short and to the point. If we stay on the course we are on, there will be a recession. 100 million people (that's a big number) will be inconvenienced by it and will have no change in their lives. This will be a full cross section of wealth and not based on income. People with money go on vacation and come back when it's over. People with recession proof jobs will wonder what the big deal is and bitch about the cost of things. The next 100 million people, regardless of income, will know shit has hit the fan. They will cut back on spending, use some savings if they have any and bridge loan themselves with credit cards. They'll lose net worth, delay retirement, worry what's going to happen next and some will exit their high mortgage for lower rent. The last 100 million people are the ones left holding the bag. Most of these people will be higher income. The true working man knows how to live on short money. Everything in this thread is about the last 200 million people in all walks of life. Your status, your neighborhood and your net worth won't help, if you made poor money decision and end up on the short end. Some will be caught up in it at no fault of their own and that is what makes me angry.

 

[Nanu/Nanu]

... Im just throwing this out there as there were some interesting posts about the "younger" generation.

This applies only to those in a career field/trade and are only my observations. Im a union Lineman and i will say there is still a majority of older men working at retirement age than younger men getting into the trade. (Nothing new) but where i see a huge difference is these older men are still in debt or still paying off a house where the younger linemen are living debt free or have very little in payments each month.

Another thing to consider is this "younger generation" has been in the actual "career" for about 10-12years. Considering they graduated in 2000. College for 4-5 years then 4-5 years at an employer getting to a position where they completely know what their doing. If you were in the trades you can add 4-5 yrs being that you probably didn't go to college. I think the older generation has been at the helm a lot longer than than 10-15 yrs.

I dont know just some observations i dont think it matters whether your old or young its been a collaborative effort of people that got us into this mess.

Work hard for what you want and may the good Lord bless you with good health to enjoy it.

I think this has been a good thread theres been some very good advice to come out of it. Im a hat holder myself im not a risk taker i wish I was but im too simple. I don't understand economics very well but i do know if i want to spend the money i need to make the money.

I wish everyone the best and i hope it works out in your favor

 

[TCHB]

... Im just throwing this out there as there were some interesting posts about the "younger" generation.

This applies only to those in a career field/trade and are only my observations. Im a union Lineman and i will say there is still a majority of older men working at retirement age than younger men getting into the trade. (Nothing new) but where i see a huge difference is these older men are still in debt or still paying off a house where the younger linemen are living debt free or have very little in payments each month.

Another thing to consider is this "younger generation" has been in the actual "career" for about 10-12years. Considering they graduated in 2000. College for 4-5 years then 4-5 years at an employer getting to a position where they completely know what their doing. If you were in the trades you can add 4-5 yrs being that you probably didn't go to college. I think the older generation has been at the helm a lot longer than than 10-15 yrs.

I dont know just some observations i dont think it matters whether your old or young its been a collaborative effort of people that got us into this mess.

Work hard for what you want and may the good Lord bless you with good health to enjoy it.

I think this has been a good thread theres been some very good advice to come out of it. Im a hat holder myself im not a risk taker i wish I was but im too simple. I don't understand economics very well but i do know if i want to spend the money i need to make the money.

I wish everyone the best and i hope it works out in your favor

I have seen so many retired people living in Havasu buying the latest toys on credit with little liquid cash. During the last recession the people in debt got hurt and people with cash had a great opportunity.

 

[Havasu blue label]

... Im just throwing this out there as there were some interesting posts about the "younger" generation.

This applies only to those in a career field/trade and are only my observations. Im a union Lineman and i will say there is still a majority of older men working at retirement age than younger men getting into the trade. (Nothing new) but where i see a huge difference is these older men are still in debt or still paying off a house where the younger linemen are living debt free or have very little in payments each month.

Another thing to consider is this "younger generation" has been in the actual "career" for about 10-12years. Considering they graduated in 2000. College for 4-5 years then 4-5 years at an employer getting to a position where they completely know what their doing. If you were in the trades you can add 4-5 yrs being that you probably didn't go to college. I think the older generation has been at the helm a lot longer than than 10-15 yrs.

I dont know just some observations i dont think it matters whether your old or young its been a collaborative effort of people that got us into this mess.

Work hard for what you want and may the good Lord bless you with good health to enjoy it.

I think this has been a good thread theres been some very good advice to come out of it. Im a hat holder myself im not a risk taker i wish I was but im too simple. I don't understand economics very well but i do know if i want to spend the money i need to make the money.

I wish everyone the best and i hope it works out in your favor

Quick question whats the time frame to be a lineman what’s the process

 

[NicPaus]

Quick question whats the time frame to be a lineman what’s the process

My Friend recently got in a few years ago. He lurks on here but have not seen him post. Took him 2 years. Said he made 240k last year. He is a hard worker. Working crazy hours but making good money. Problem is young guys these days don't have the motivation.

 

[yuppie]

My Friend recently got in a few years ago. He lurks on here but have not seen him post. Took him 2 years. Said he made 240k last year. He is a hard worker. Working crazy hours but making good money. Problem is young guys these days don't have the motivation.

It's one of the top 10 most dangerous jobs in America. For every 100,000, 42 lineman die per year.

 

[badgas]

people in debt got hurt and people with cash had a great opportunity.

This is the same in good times and bad

 

[monkeyswrench]

It's one of the top 10 most dangerous jobs in America. For every 100,000, 42 lineman die per year.

I grew up around construction. "Construction" as a whole, is ranked pretty high. The particular type I grew up around was a subset ranked higher. Roofing has been in the top 5 consistently as long as I can remember. I think most recently it was 3rd. Average annual deaths are about 50 per 100k. Really, that's only 1 in 2000. Not too bad, but obviously not good either. What really is a eye opener, in any "dangerous" job, isn't deaths, it's injuries. Burns, stitches...hell, losing a finger...are not that bad. The stuff that ends your ability to make a living, short term, long term or even permanently, can be the real bad ones.

Any job carries inherent risks. Some, like linesman, roofer or logger, are obvious physical risks. There are "desk pilots" who's risks are just as high, I think. Stress causes health issues, and a host of problems that can end you as well.

Pick your poison. I like the sun and a changing view. All work is, is a way to pay your rent on life. No one gets out alive.

 

[Havasu blue label]

My Friend recently got in a few years ago. He lurks on here but have not seen him post. Took him 2 years. Said he made 240k last year. He is a hard worker. Working crazy hours but making good money. Problem is young guys these days don't have the motivation.

I have a nephew that’s asking my father his grandpa for money to travel with his crew . My looser sister age 61 nephew 41 live with my parents yes the are fucking looser .

 

[shintoooo]

My looser sister age 61 nephew 41 live with my parents yes the are fucking looser .

Loser, not looser

 

[Havasu blue label]

Loser, not looser

Thanks

 

[Done-it-again]

Loser, not looser

Maybe that’s what he was going for.

 

[TCHB]

Data keeps coming!

270,000 homebuyers who bought in 2022 are underwater on their mortgage

Among the 450,000 underwater borrowers in the third quarter, nearly 60% had mortgages originated in the first nine months of 2022.

money.yahoo.com

 

[Havasu blue label]

Maybe that’s what he was going for.

That to

 

[240Hallett]

Loser, not looser

Maybe he was just going for the polite version of looooooser!

 

[Nanu/Nanu]

Quick question whats the time frame to be a lineman what’s the process

Depends on where you want to get your apprenticeship everyone is hiring apprentices. My best advice is work in cali or work for the outside line halls. Cali pays well and has tons of work that gives you good experience. Outside line crews or locals have phenomenal benefits for the retirement. If i was single and no responsibility outside line crew is where its at.

240k in California seems like he is living a very balanced life. There are guys who are zombies and reel in 500k a year. But what ever the case Cali pays the best on the west coast.

My Friend recently got in a few years ago. He lurks on here but have not seen him post. Took him 2 years. Said he made 240k last year. He is a hard worker. Working crazy hours but making good money. Problem is young guys these days don't have the motivation.

 

[Done-it-again]

Depends on where you want to get your apprenticeship everyone is hiring apprentices. My best advice is work in cali or work for the outside line halls. Cali pays well and has tons of work that gives you good experience. Outside line crews or locals have phenomenal benefits for the retirement. If i was single and no responsibility outside line crew is where its at.

240k in California seems like he is living a very balanced life. There are guys who are zombies and reel in 500k a year. But what ever the case Cali pays the best on the west coast.

Real question. Why does Cali pay SO much more for line work? Does Cali get much better work for the pay? Or does Cali over pay most Union work and get the same end result like all other states?

 

[jet496]

I think this economy where people don't have to work, or be good at their jobs, yet still have plenty of money to do whatever they want, has ruined them. They will pay the price in the years to come when the guberment quits handing out money like it's candy. Probably live at home or live in a trailer the rest of their lives.

 

[baja-chris]

Phoenix area has record high rents driven by demand caused by record high paying job creation. TSMC just announced they were doubling down and building a second major chip fab in the valley bringing the total investment to $40B (with a B). As just one example. How do housing prices collapse with record high rents? They don’t.

 

[baja-chris]

High interest stagnates sales but still plenty of Corp cash buyers out there as long as rents support purchase prices.

 

[baja-chris]

Now Havasu? We are screwed! The job market is not there to prop up rents.
Good thing I bought my Havasu house as a lifestyle choice and not an investment.

 

[monkeyswrench]

Real question. Why does Cali pay SO much more for line work? Does Cali get much better work for the pay? Or does Cali over pay most Union work and get the same end result like all other states?

Well, here's what I can say: @Nanu/Nanu and his crew have done a lot of work in our area here...not one massive fire pinned on them!

Maybe Cali pays more just because of the number of lines and customers. The union thing is surely part of it, as the unions are so strong there.

 

[Dan Lorenze]

... Im just throwing this out there as there were some interesting posts about the "younger" generation.

This applies only to those in a career field/trade and are only my observations. Im a union Lineman and i will say there is still a majority of older men working at retirement age than younger men getting into the trade. (Nothing new) but where i see a huge difference is these older men are still in debt or still paying off a house where the younger linemen are living debt free or have very little in payments each month.

Another thing to consider is this "younger generation" has been in the actual "career" for about 10-12years. Considering they graduated in 2000. College for 4-5 years then 4-5 years at an employer getting to a position where they completely know what their doing. If you were in the trades you can add 4-5 yrs being that you probably didn't go to college. I think the older generation has been at the helm a lot longer than than 10-15 yrs.

I dont know just some observations i dont think it matters whether your old or young its been a collaborative effort of people that got us into this mess.

Work hard for what you want and may the good Lord bless you with good health to enjoy it.

I think this has been a good thread theres been some very good advice to come out of it. Im a hat holder myself im not a risk taker i wish I was but im too simple. I don't understand economics very well but i do know if i want to spend the money i need to make the money.

I wish everyone the best and i hope it works out in your favor

One of my best friends has a son that is in Lineman school, I think in AZ.. He loves the trade and is super eager to get his career going. He's starting out his life with little debt and already has job offers waiting for him. I'm so excited for him. Instead of starting out his life in huge financial debt from a college with a football team he's gonna be making good money at a trade he likes and he will be able to buy a house with instead of paying off a worthless degree.

 

[THE WIDGE]

Hold onto your ... hats? $975K for this place? Yeesh! It's nice but... Wow.

View attachment 1179263

Sold July 2020 for 675k. Still high imo at these rates, but not for this guy. This house will be 750 in 9 months if rates stay the same

 

[pronstar]

Data keeps coming!

270,000 homebuyers who bought in 2022 are underwater on their mortgage

Among the 450,000 underwater borrowers in the third quarter, nearly 60% had mortgages originated in the first nine months of 2022.

money.yahoo.com

They’ve got nowhere to go except become renters.
Can’t walk and buy cheaper, monthly nut will be the same.

Will be interesting to see how it plays out.

 

[hallett21]

They’ve got nowhere to go except become renters.
Can’t walk and buy cheaper, monthly nut will be the same.

Will be interesting to see how it plays out.

Under water used to go hand in hand with the old monthly being higher as well. Now your equity is “underwater” while having a significantly cheaper monthly payment.

 

[Nanu/Nanu]

Real question. Why does Cali pay SO much more for line work? Does Cali get much better work for the pay? Or does Cali over pay most Union work and get the same end result like all other states?

I wouldn't say cali over pays. Cost of living is a huge part of it. Im not a fan of working in a big city on the side of the road in a lane closure. Sure all you guys might slow down but no one else does they drive like A holes, and then you have clue less drivers who follow you into your barricades or dont stop when you're trying to run your lines across a road.

I may be way off base but i think the majority of lineman in Cali are tramps so theyre sending money back home which i mean what is your price to do high voltage work away from your family?

And you also gotta realize that the hourly wage was negotiated between the union and and the company so it was considered reasonable to a group of executives and company lawyers.

The men in cali earn their wages for sure.

 

[Nanu/Nanu]

Well, here's what I can say: @Nanu/Nanu and his crew have done a lot of work in our area here...not one massive fire pinned on them!

Maybe Cali pays more just because of the number of lines and customers. The union thing is surely part of it, as the unions are so strong there.

I dont like welding on the job. Haha

 

[grumpy88]

The office space market is going well on it's way to cratering, it has several times in the last 20+ years... but this downturn isn't like the others. Think about what it takes for a MS, Amazon, Expedia etc. ( I've worked on campus projects for each of them..) to sustain, let alone build.

The real question is will it ever come back? I was involved with the demo scope of the Amgen campus that Expedia purchased about 8 years ago.. then the build back. Big business knows / directs 'coming....no doubt in my mind.

People working from home eliminates millions / billions of dollars of corporate campus expenses.... the Amgen campus spent more than 100K a month idling it with zero people or equipment in the almost 1M sq' of lab and office space almost a decade ago. Servicing buildings ( cleaners, janitors, building & equipment maintenance) adds up quickly.

I don't see home prices dropping much, but white collar job salaries are going to and their will be a huge loss in construction jobs. That will help drive down home prices but the work from home reality will insure home prices do not crater.

Just my .02

Why

I wouldn't say cali over pays. Cost of living is a huge part of it. Im not a fan of working in a big city on the side of the road in a lane closure. Sure all you guys might slow down but no one else does they drive like A holes, and then you have clue less drivers who follow you into your barricades or dont stop when you're trying to run your lines across a road.

I may be way off base but i think the majority of lineman in Cali are tramps so theyre sending money back home which i mean what is your price to do high voltage work away from your family?

And you also gotta realize that the hourly wage was negotiated between the union and and the company so it was considered reasonable to a group of executives and company lawyers.

The men in cali earn their wages for sure.

Just curious but are there any non union companies in California?

 

[Nanu/Nanu]

Why

Just curious but are there any non union companies in California?

Powerline companies? To my knowledge no. There maybe some in another field of work but power generation, transmission and distribution its an absolute no.

 

[grumpy88]

Powerline companies? To my knowledge no. There maybe some in another field of work but power generation, transmission and distribution its an absolute no.

So it's not truly a free market to help keep union salaries in check . Down side to public employe unions . Thanks for keeping the lights on though !

 

[BabyRay]

For the Real Estate Drop in sales and price Naysayers HOLD ONTO YOUR HATS

Man I feel old saying this ( 52 YO) but the industry I have spent my career working in has been carrying a LOT of dead weight for more than 2 decades. I say dead weight because of what it was when I entered the industry. Work your ass off, dedicate yourself to what you have chosen as a...

www.riverdavesplace.com

 

[Nanu/Nanu]

So it's not truly a free market to help keep union salaries in check . Down side to public employe unions . Thanks for keeping the lights on though !

Outside of CA there's line work companies that are non union but they dont have very good safety records.

Seriously they have very poor safety records.

 

[WhatExit?]

Haven’t seen any mention of the mentally diseased World Economic Forum’s position…

The WEF Wants Your House to Be Worth ZERO, to Achieve "Net Zero" Carbon​

Most Homes and Buildings will Become "Stranded Assets"​

Igor Chudov

Does your residence look like one of these homes?

Was your home (single family or multifamily) NOT built to the WEF’s 10 Green Building Principles published in 2021? Does your house NOT look like a “net zero structure of the future,” as shown below:


If so, be aware that the WEF thinks your house or commercial building is overpriceddue to an imagined “carbon bubble” and should be worth ZERO. If the WEF gets its way, your building could become a “stranded asset” — that is, abandoned due to changes in regulations — unless you perform an expensive and often impossible retrofit — at your expense, of course!

“Carbon Bubble” and Real Estate Prices​

An important agenda article referring to WEF-endorsed “pricing risk management guidelines” and “green building principles” explains:

The ULI warns of a possible ‘carbon bubble’ where the continued lack of pricing this transition risk keeps asset values artificially high and further perpetuates the chance that they ultimately become too costly to retrofit, resulting in widespread stranding of assets.

If you are not used to reading business mumbo-jumbo, I can explain, as I have a Master’s degree in business administration.​

The WEF is warning us: homes and commercial buildings may be worth ZERO because the future retrofits required for net-zero carbon emissions may cost more than their value. Thus, your home or commercial real estate may become stranded. The term stranded asset means that is unusable in its current form due to a change in regulations.​

“Widespread stranding of assets” is a business language talk of many buildings being abandoned.​

Lest you think that I am picking on just one paragraph in a random WEF article, let me show you quotes from four separate WEF, CRREM, UNEP, and ULI documents that say the same thing:​

(1) Decarbonizing real estate: How to price the net zero transition to avoid a 'carbon bubble'​

​

(2) ULI Transition Risk Assessment - Guidelines for Consultation​

This is who they are:​

​

They are warning us about large parts of cities becoming uninhabitable due to Net Zero policies making buildings stranded:​

​

(3) Teaming up to decarbonize real estate: This is how cities can achieve net-zero via coercion​

​

(4) Managing Transition Risk in Real Estate: Aligning to the Paris Climate Accord – CRREM & UNEP FI Report​

​

Shows an example of how ALL existing assets (buildings) could become stranded by 2050:​

​

So you can see that the WEF and its partners are quite serious about most assets becoming “stranded” — or abandoned due to the cost of retrofit — in the future.​

Grenfell Tower Fire​

The UK is at the forefront of requiring existing residential real estate owners to retrofit their buildings towards Net Zero. For example, many buildings were recently clad with special “climate cladding” to reduce heat losses. Sadly, one of those buildings, the infamous Grenfell Tower, caught fire inside the cladding.​

The building burned within minutes, claiming numerous victims who could not evacuate.​

​

Why You May Not be Able to Retrofit Your Home​

​

​

Look at the features of a “Net-zero house of the future.” Compare it to your home.​

​

Installing corn-based carpets and repainting the inside with soy-based paint is the easy part. Some ideas are crazy, like watering your garden with water coming out of showers and washing machines. Switching to heat pumps and geothermal heating or cladding your home with custom panels for greater insulation will likely cost more than the value of your house — necessitating a demolition or abandonment of your home.​

Installing a wind turbine on your roof is a “cherry on top.” Just think of all the noise from the turbine transmitted to your home and your roof eventually collapsing under the weight of​

• Solar electrical panels
• Solar heating panels
• Roof-mounted wind turbine weight, torque, and vibration

How Stranding Will Happen​

If you think your home or commercial building will never be stranded, think again. It can happen very easily and might seem natural and not pre-planned.​

• The supply of hydrocarbon fuels worldwide may become restricted due to seemingly incidental geopolitical problems and restrictions on oil exploration financing and windfall tax, which would prevent the replenishment of the internal capital of oil and gas companies. Prices for hydrocarbons may rise dramatically.
• Additional carbon taxes may be imposed on top of already high prices for natural gas, heating oil, and electricity.
• If you, like most people, live on a limited income, the cost of heating and cooling your home and paying non-compliance fines may exceed your financial abilities.
• Your climate-conscious bank may refuse to refinance your home or commercial building if it is not Net-Zero compliant.
• Selling your building may prove problematic because buyers may be unable to find bank financing and would not want to pay exorbitant utility costs and fines.

Single-family homes, especially, require much more energy per inhabitant than multifamily housing and are much more expensive to retrofit. They are an obstacle to solving climate change.​

​

​

If the above does happen, which is entirely possible, your ability to occupy your building will end, and you will need to move. Where would you move to? Who knows! Perhaps, at this point, you will consider the Green City of the Future.​

​

None of the Above Mentioned Actors Were Elected​

Thank you for reading my story about how important actors on the world scene may make your home or apartment complex obsolete and “stranded.” While I hope that my concerns will prove unfounded, they possibly will play out.​

If so, be aware that none of those abovementioned players — the WEF, ULI, CRREM Global, UN, etc. — was elected. Your vote, and voice, do not influence the outcome.​

Be aware that such developments are welcomed by some people championing climate change and are feared by others, some of whom may be reading this article. But even climate change champions may see their own dwellings eventually becoming “stranded.”​

Which group do you belong to? Will you mount a wind turbine on your roof or move to the smart city of the future?​

https://www3.weforum.org/docs/WEF_Green_Building_Principles_2021.pdf

 

[TCHB]

One of my best friends has a son that is in Lineman school, I think in AZ.. He loves the trade and is super eager to get his career going. He's starting out his life with little debt and already has job offers waiting for him. I'm so excited for him. Instead of starting out his life in huge financial debt from a college with a football team he's gonna be making good money at a trade he likes and he will be able to buy a house with instead of paying off a worthless degree

I wouldn't say cali over pays. Cost of living is a huge part of it. Im not a fan of working in a big city on the side of the road in a lane closure. Sure all you guys might slow down but no one else does they drive like A holes, and then you have clue less drivers who follow you into your barricades or dont stop when you're trying to run your lines across a road.

I may be way off base but i think the majority of lineman in Cali are tramps so theyre sending money back home which i mean what is your price to do high voltage work away from your family?

And you also gotta realize that the hourly wage was negotiated between the union and and the company so it was considered reasonable to a group of executives and company lawyers.

The men in cali earn their wages for sure.

SCE pays in good wage for its skilled craft work force. You have to remember these people are working tons of overtime. When a line goes down the crews respond and work till it’s done. Operations people work well over 500 hours of OT every year. Not many people quit the utility. There is a lot of opportunities to promote and learn new areas of the company. I found this to be true with most utilities.

 

[HNL2LHC]

That to

Mother and son so wouldn’t that make it two? Engrich can bee sew cornfusing at tymes…..

 

[Havasu blue label]

very smart man did mom and dad help you on that to

 

[jimbo5o]

I

 

[pronstar]

Haven’t seen any mention of the mentally diseased World Economic Forum’s position…

The WEF Wants Your House to Be Worth ZERO, to Achieve "Net Zero" Carbon​

Most Homes and Buildings will Become "Stranded Assets"​

Igor Chudov

Does your residence look like one of these homes?

Was your home (single family or multifamily) NOT built to the WEF’s 10 Green Building Principles published in 2021? Does your house NOT look like a “net zero structure of the future,” as shown below:


If so, be aware that the WEF thinks your house or commercial building is overpriceddue to an imagined “carbon bubble” and should be worth ZERO. If the WEF gets its way, your building could become a “stranded asset” — that is, abandoned due to changes in regulations — unless you perform an expensive and often impossible retrofit — at your expense, of course!

“Carbon Bubble” and Real Estate Prices​

An important agenda article referring to WEF-endorsed “pricing risk management guidelines” and “green building principles” explains:

​

If you are not used to reading business mumbo-jumbo, I can explain, as I have a Master’s degree in business administration.​

The WEF is warning us: homes and commercial buildings may be worth ZERO because the future retrofits required for net-zero carbon emissions may cost more than their value. Thus, your home or commercial real estate may become stranded. The term stranded asset means that is unusable in its current form due to a change in regulations.​

“Widespread stranding of assets” is a business language talk of many buildings being abandoned.​

Lest you think that I am picking on just one paragraph in a random WEF article, let me show you quotes from four separate WEF, CRREM, UNEP, and ULI documents that say the same thing:​

(1) Decarbonizing real estate: How to price the net zero transition to avoid a 'carbon bubble'​

​

(2) ULI Transition Risk Assessment - Guidelines for Consultation​

This is who they are:​

​

They are warning us about large parts of cities becoming uninhabitable due to Net Zero policies making buildings stranded:​

​

(3) Teaming up to decarbonize real estate: This is how cities can achieve net-zero via coercion​

​

(4) Managing Transition Risk in Real Estate: Aligning to the Paris Climate Accord – CRREM & UNEP FI Report​

​

Shows an example of how ALL existing assets (buildings) could become stranded by 2050:​

​

So you can see that the WEF and its partners are quite serious about most assets becoming “stranded” — or abandoned due to the cost of retrofit — in the future.​

Grenfell Tower Fire​

The UK is at the forefront of requiring existing residential real estate owners to retrofit their buildings towards Net Zero. For example, many buildings were recently clad with special “climate cladding” to reduce heat losses. Sadly, one of those buildings, the infamous Grenfell Tower, caught fire inside the cladding.​

The building burned within minutes, claiming numerous victims who could not evacuate.​

​

Why You May Not be Able to Retrofit Your Home​

​

​

Look at the features of a “Net-zero house of the future.” Compare it to your home.​

​

Installing corn-based carpets and repainting the inside with soy-based paint is the easy part. Some ideas are crazy, like watering your garden with water coming out of showers and washing machines. Switching to heat pumps and geothermal heating or cladding your home with custom panels for greater insulation will likely cost more than the value of your house — necessitating a demolition or abandonment of your home.​

Installing a wind turbine on your roof is a “cherry on top.” Just think of all the noise from the turbine transmitted to your home and your roof eventually collapsing under the weight of​

• Solar electrical panels
• Solar heating panels
• Roof-mounted wind turbine weight, torque, and vibration

How Stranding Will Happen​

If you think your home or commercial building will never be stranded, think again. It can happen very easily and might seem natural and not pre-planned.​

• The supply of hydrocarbon fuels worldwide may become restricted due to seemingly incidental geopolitical problems and restrictions on oil exploration financing and windfall tax, which would prevent the replenishment of the internal capital of oil and gas companies. Prices for hydrocarbons may rise dramatically.
• Additional carbon taxes may be imposed on top of already high prices for natural gas, heating oil, and electricity.
• If you, like most people, live on a limited income, the cost of heating and cooling your home and paying non-compliance fines may exceed your financial abilities.
• Your climate-conscious bank may refuse to refinance your home or commercial building if it is not Net-Zero compliant.
• Selling your building may prove problematic because buyers may be unable to find bank financing and would not want to pay exorbitant utility costs and fines.

Single-family homes, especially, require much more energy per inhabitant than multifamily housing and are much more expensive to retrofit. They are an obstacle to solving climate change.​

​

​

If the above does happen, which is entirely possible, your ability to occupy your building will end, and you will need to move. Where would you move to? Who knows! Perhaps, at this point, you will consider the Green City of the Future.​

​

None of the Above Mentioned Actors Were Elected​

Thank you for reading my story about how important actors on the world scene may make your home or apartment complex obsolete and “stranded.” While I hope that my concerns will prove unfounded, they possibly will play out.​

If so, be aware that none of those abovementioned players — the WEF, ULI, CRREM Global, UN, etc. — was elected. Your vote, and voice, do not influence the outcome.​

Be aware that such developments are welcomed by some people championing climate change and are feared by others, some of whom may be reading this article. But even climate change champions may see their own dwellings eventually becoming “stranded.”​

Which group do you belong to? Will you mount a wind turbine on your roof or move to the smart city of the future?​

https://www3.weforum.org/docs/WEF_Green_Building_Principles_2021.pdf

They’re already started doing this with farms in some countries.

And guess who is there to buy them up?

 

[eand28]

Haven’t seen any mention of the mentally diseased World Economic Forum’s position…

The WEF Wants Your House to Be Worth ZERO, to Achieve "Net Zero" Carbon​

Most Homes and Buildings will Become "Stranded Assets"​

Igor Chudov

Does your residence look like one of these homes?

Was your home (single family or multifamily) NOT built to the WEF’s 10 Green Building Principles published in 2021? Does your house NOT look like a “net zero structure of the future,” as shown below:


If so, be aware that the WEF thinks your house or commercial building is overpriceddue to an imagined “carbon bubble” and should be worth ZERO. If the WEF gets its way, your building could become a “stranded asset” — that is, abandoned due to changes in regulations — unless you perform an expensive and often impossible retrofit — at your expense, of course!

“Carbon Bubble” and Real Estate Prices​

An important agenda article referring to WEF-endorsed “pricing risk management guidelines” and “green building principles” explains:​

​

​

If you are not used to reading business mumbo-jumbo, I can explain, as I have a Master’s degree in business administration.​

The WEF is warning us: homes and commercial buildings may be worth ZERO because the future retrofits required for net-zero carbon emissions may cost more than their value. Thus, your home or commercial real estate may become stranded. The term stranded asset means that is unusable in its current form due to a change in regulations.​

“Widespread stranding of assets” is a business language talk of many buildings being abandoned.​

Lest you think that I am picking on just one paragraph in a random WEF article, let me show you quotes from four separate WEF, CRREM, UNEP, and ULI documents that say the same thing:​

(1) Decarbonizing real estate: How to price the net zero transition to avoid a 'carbon bubble'​

​

(2) ULI Transition Risk Assessment - Guidelines for Consultation​

This is who they are:​

​

They are warning us about large parts of cities becoming uninhabitable due to Net Zero policies making buildings stranded:​

​

(3) Teaming up to decarbonize real estate: This is how cities can achieve net-zero via coercion​

​

(4) Managing Transition Risk in Real Estate: Aligning to the Paris Climate Accord – CRREM & UNEP FI Report​

​

Shows an example of how ALL existing assets (buildings) could become stranded by 2050:​

​

So you can see that the WEF and its partners are quite serious about most assets becoming “stranded” — or abandoned due to the cost of retrofit — in the future.​

Grenfell Tower Fire​

The UK is at the forefront of requiring existing residential real estate owners to retrofit their buildings towards Net Zero. For example, many buildings were recently clad with special “climate cladding” to reduce heat losses. Sadly, one of those buildings, the infamous Grenfell Tower, caught fire inside the cladding.​

The building burned within minutes, claiming numerous victims who could not evacuate.​

​

Why You May Not be Able to Retrofit Your Home​

​

​

Look at the features of a “Net-zero house of the future.” Compare it to your home.​

​

Installing corn-based carpets and repainting the inside with soy-based paint is the easy part. Some ideas are crazy, like watering your garden with water coming out of showers and washing machines. Switching to heat pumps and geothermal heating or cladding your home with custom panels for greater insulation will likely cost more than the value of your house — necessitating a demolition or abandonment of your home.​

Installing a wind turbine on your roof is a “cherry on top.” Just think of all the noise from the turbine transmitted to your home and your roof eventually collapsing under the weight of​

• Solar electrical panels
• Solar heating panels
• Roof-mounted wind turbine weight, torque, and vibration

How Stranding Will Happen​

If you think your home or commercial building will never be stranded, think again. It can happen very easily and might seem natural and not pre-planned.​

• The supply of hydrocarbon fuels worldwide may become restricted due to seemingly incidental geopolitical problems and restrictions on oil exploration financing and windfall tax, which would prevent the replenishment of the internal capital of oil and gas companies. Prices for hydrocarbons may rise dramatically.
• Additional carbon taxes may be imposed on top of already high prices for natural gas, heating oil, and electricity.
• If you, like most people, live on a limited income, the cost of heating and cooling your home and paying non-compliance fines may exceed your financial abilities.
• Your climate-conscious bank may refuse to refinance your home or commercial building if it is not Net-Zero compliant.
• Selling your building may prove problematic because buyers may be unable to find bank financing and would not want to pay exorbitant utility costs and fines.

Single-family homes, especially, require much more energy per inhabitant than multifamily housing and are much more expensive to retrofit. They are an obstacle to solving climate change.​

​

​

If the above does happen, which is entirely possible, your ability to occupy your building will end, and you will need to move. Where would you move to? Who knows! Perhaps, at this point, you will consider the Green City of the Future.​

​

None of the Above Mentioned Actors Were Elected​

Thank you for reading my story about how important actors on the world scene may make your home or apartment complex obsolete and “stranded.” While I hope that my concerns will prove unfounded, they possibly will play out.​

If so, be aware that none of those abovementioned players — the WEF, ULI, CRREM Global, UN, etc. — was elected. Your vote, and voice, do not influence the outcome.​

Be aware that such developments are welcomed by some people championing climate change and are feared by others, some of whom may be reading this article. But even climate change champions may see their own dwellings eventually becoming “stranded.”​

Which group do you belong to? Will you mount a wind turbine on your roof or move to the smart city of the future?​

https://www3.weforum.org/docs/WEF_Green_Building_Principles_2021.pdf

These people are psycho

 

[Orange Juice]

The massive TSMC chip plant at I17 and Carefree highway is going to employ 10,000 employees its a small town and intel is building the same size faculty in Chandler. Phx area just continues to rage on.

We have friends that have a pool dug, rebared and plumbed and they cant get concrete until March of 2023

Mayo Clinic corridor is also expanding, and adding 10,000 research jobs.

I don’t think you’ll be able to find a home under $300 sqft in north Phoenix, when 20,000 families start looking for housing.

 

[Orange Juice]

I have a nephew that’s asking my father his grandpa for money to travel with his crew . My looser sister age 61 nephew 41 live with my parents yes the are fucking looser .

You can pick your friends, but you can’t pick your family.

I assume your parents are in their 80’s. I would hope the story goes a little deeper, and they are helping out around the house, making meals, and driving them to doctors appointments, etc….., keeping them in their home.

I would be concerned if they are getting paid to provide those services, without a written agreement.

I personally did not want that responsibility, and lived too far away to participate on any regular schedule.

 

[Rogers Hopeful]

My Friend recently got in a few years ago. He lurks on here but have not seen him post. Took him 2 years. Said he made 240k last year. He is a hard worker. Working crazy hours but making good money. Problem is young guys these days don't have the motivation.

Would love to learn how to get into the lineman trade. LADWP is hiring but you have to be an apprentice electrician already.

 

[TCHB]

Would love to learn how to get into the lineman trade. LADWP is hiring but you have to be an apprentice electrician already.

Try and get into one of the utilities in a entry level job and then you have a much better chance at getting into their programs.

 

[westair]

Data keeps coming!

270,000 homebuyers who bought in 2022 are underwater on their mortgage

Among the 450,000 underwater borrowers in the third quarter, nearly 60% had mortgages originated in the first nine months of 2022.

money.yahoo.com

If I'm reading this right, that's only 1 in 12 homes purchased with a mortgage during that time period in 2022.