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The MV Voice comments section is not your personal blog. You're welcome to start one somewhere else.

As expected, when objective data is proving that the local market is dangerous, people try to distract the readers into personal attacks.

Just understand this , AB5 and Covid has permanently changed the market here. In fact in the last 2 months there has been ignorance of Covid. Recent reports indicate that BA.4 and BA.5 are more dangerous than ever from CNN because they are less treatable and more resistant to any current vaccine. And they currently are responsible for 35% of the current cases and are increasing

For June 22, 2022 cases MTD is 19,966 in comparison to June 2021, which was PRE-DELTA AND PRE-OMICRON, MTD was 607 which means we are 32.89 times of the June 2021 cases when we had a supposedly safe level. Our current daily average is 951 and In June 2021, we had 28 cases per day, we are 33.66 times that of that month. For May 2022 the average was 885 are at 1.07 times the number

We are currently reporting only 67 ICU beds available (64 adult and 3 child) which is only 11.47% available beds in the county. Our current daily hospitalization are 178 with 14 suspected cases. Our averages regarding hospitalizations though we are at a 7 day average of 188 positive cases and 19 suspected cased at total of 207. We are ranked 4th in the state. And we are back to the level of hospitalizations of 90 that we were in December 2021, but in July 2021 we were at 32 patients, and in May 2020 we were at 51 patients.

The tech workers are never returning. And when landlords intentionally do not maintain properties, they are not entitled to any existing contracts. In fact those contracts are broken, and unenforceable.

Thus any rents collected are unlawful. And it is the role of a City Council to enforce the CSFRA charter without exceptions. Ellen Kamaeii needs to ensure the voters she will protect the people of Mountain View

This article concerns me deeply. It reads like an ad for a political candidate. The Voice should not be running puff pieces: it is the antithesis of good journalism. Is this the kind of thing we can expect with the change in leadership at the Voice? Please reconsider!

Nora,

I agree with you here. This kind of article appears to be an ad campaign marketed as a news article.

ING, please understand I am a ACTIVE member of this publication, paying $25 for the preverbal "MIC".

REMEMBER: When a moderator tried to silence Ronald Reagan's microphone during a 1980 Republican primary debate that he had personally financed, Reagan shouted: "I am paying for this microphone!" The line, as NBC's Brian Williams noted, became a "political home run" for Reagan, even though it wasn't actually his. He borrowed it from the 1948 film State of the Union.


In effect as long as this publication does accept payment from me, I have paid for the RIGHT to contribute to any piece. I am simply pointing out the errors of statements made in multiple locations.

For June 23, 2022 cases MTD is 21,223 in comparison to June 2021, which was PRE-DELTA AND PRE-OMICRON, MTD was 645 which means we are 32.90 times of the June 2021 cases when we had a supposedly safe level. Our current daily average is 965 and In June 2021, we had 29 cases per day, we are 33.66 times that of that month. For May 2022 the average was 885 are at 1.07 times the number

For the month of June MTD we have tested 220,616 and in June 2021 of the same sample MTD we tested 185,367 which means our sample size is 119% of June 2021. But yet we have INCREASED POSITIVITY. The positivity rate is 10.62% but the June 2021 MTD Average was .37% meaning we are about 28.85 TIMES higher than June 2021. In May 2022 we had 7.20% and we are 1.48 times that today

We are currently reporting only 71 ICU beds available (64 adult and 7 child) which is only 12.16% available beds in the county. Our current daily hospitalization are 179 with 21 suspected cases. Our averages regarding hospitalizations though we are at a 7 day average of 187 positive cases and 18 suspected cased at total of 205. We are ranked 4th in the state. And we are back to the level of hospitalizations of 90 that we were in December 2021, but in July 2021 we were at 32 patients, and in May 2020 we were at 51 patients.

VERY IMPORTANT NOTE IN THE LAST WEEK WE HAVE ONLY TESTED 46,8620 TIMES YET HAVE HAD 5,456 CASES. THAT RESULTS IN A POSITIVITY OF 11.64%. THE LAST 4 DAYS WE HAVE TESTED LESS THAN 22,689 OR 10% OF THE MONTH, WHICH MEANS WE HAVE A SERIOUS UNDERCOUNTING PROBLEM. 4 OUT OF 21 SHOULD RESULT IN 18% OF THE MONTH AND UNDERCOUNT OF 43% FOR THAT PERIOD. THIS MEANS YOU NEED TO ADD ANOTHER 43% OF THAT PERIOD TO GET A REAL COUNT WHICH WOULD COME TO 7,800

That does mean we are not in very good shape, are we?

Just another FYI

IU just saw another video, so I made one you can see it by googling "Mountain View Market Update 20220626"

The problem it demonstrates is this, the average net CAP rate for rentals is only 4.4%, meaning with the best management practices you are only to expect 4.4% annual returns. so for example my building costs $5M so the best case is you can only earn $220,000.

BUT, here is the real problem the current mortgage rates are 6%, and they will go up this month by at least .75% when the Fed raises rates again by 75 basis points. Which means by the endo of Aug it is likely that mortgage rates will reach 7%.

What does this mean? Well say you bought a property for $5M, your annual cost of borrowing will be at 6% is be $300,000, but if your best annual return is expected to be only $220,000, you will be at a lose of $80,000. AND THIS IS FAIR MARKET RATE OF RETURN.

There are safer more "passive" means of making money, they are called Corporate Bonds, and the current rate of return on them is 4.7% which is beating the rental markets. They are TRULY passive and require no EFFORTS at all And you can buy smaller amounts which means that you are not required to borrow any large sums of money to achieve better than the rental market.

Finally say the evictions restart in July, that means you will see a dramatic increase in vacancies, BUT NO ONE TO RENT THEM. Why, most likely they people in Mountain View will have lost their jobs due to the upcoming recession, we are already seeing job losses and job offer cancellations. Thus these people will truly be priced out of the market unless landlord are going to lower rents, or simply liquidate their units from their ownership. This is predicted in a great video titled "Wall Street Landlords Taking HUGE LOSSES. Forced Liquidations Coming."

Time for Mountain view to get ready for a major correction in these properties.