Plenty of people sell on secondary markets. If everyone was restricted then those businesses wouldn't exist.
466 karma · joined February 12, 2019
Plenty of people sell on secondary markets. If everyone was restricted then those businesses wouldn't exist.
Mass transit in/out of urban centers like SF/LA are very underdeveloped, so it makes it really difficult to live in a cheaper area outside of the city and bear the commute everyday.
This article doesn't really capture the fact that this only works if the 30-somethings move out of SF, NY, LA, etc. to move closer to home (unless those are the places where the parents are already living), which may be an area outside of a major urban job center.
I guess I was thinking of an app that would, say, see I have a losing investment and recommend that I sell before EOY to offset some taxes.
Or put more money into my 401k if I hadn't maxed out by EOY if I was close to being dropped to a lower income bracket.
Companies like Lyft/Uber also have a much higher % of their full time staff in "ops" roles that are driver-facing (support, onboarding, offboarding, marketing, acquisition, etc.)
So long as their business is extracting maximal fees from each fare (thus keeping driver pay low) this cycle will go on as long as it can, and acquisition costs will continue to be high.
Yes, for the average rank-and-file it's probably a worse deal than elsewhere, but if you are mid-level and have a chance at upper mgmt role then what you make is wayyy more than what you could elsewhere, even with the CoL.
The end game was supposed to be autonomous taxis (cutting the driver out). I don't see how that's going to happen before they run out of money unless they 1) significantly raise prices or 2) take increasingly bigger cuts from drivers.
Personally I will be shorting as soon as I can.
I lived there for a little over a year...agree that Manhattan is not necessarily that inspiring.
I could never figure out what to do on the weekends. It felt like I was always stepping outside into a financial district and all anyone did was go to mediocre & expensive brunches.
Basically assume that the quality of public SV schools are high enough that high earning parents are "OK" sending their kids to those schools rather than paying for private school. If you have 2 kids and would otherwise spend $20k/year for ~14 years of PreK-12 then living in your preferred public school district will save you over $500k+ in tuition.
If you are single or have no plans to have kids (thus shifting more free time toward cultural activities vs raising kids) then agreed living in SV is really boring and uninspiring and not worth it.
I've come to realize that I am not programmed that way at all, and it has made it difficult for me to really be happy working in that kind of environment.
I also think a major part of the appeal of meal kits is not really in having a "freshly prepared meal" as much as in helping people more easily achieve a level of satisfaction out of making something homemade. That, and the convenience of not 1) having to go to the grocery store to buy meal prep goods and 2) not having to find decent recipes for meals that fit your nutrition or fitness goal
I actually think meal kits for bulk meal prep would be more interesting. Meal prep has become a "thing" especially for those with some fitness goal - and getting a shipment that allows you bulk prepare 1-2 weeks worth of 1-2 dishes for lunch and/or dinner that fits a particular diet or fitness goal would be a lot more interesting to me (e.g. for weight loss, keto, bulking up, marathon training, etc.)
What does this mean? If I get a job offer for $100k but you match I have to accept your job offer of working for your company?
Strange...
If you want to see real market movers check out Heinz ($KHC) down 20% and Stamps.com ($STMP) down 47%!