Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rcksinc who wrote (5542)	2/20/2018 5:24:01 PM
From: Kirk ©	Read Replies (3) \| Respond to of 26638

Hi rcksinc, Thanks for the info and please share more often! Good stuff! I've started to scan and download menus from places we like. Even that doesn't cover the inflation hits since we've fund they cut back on portions and use cheaper ingredients for some "specials" we used to get like the Peking Duck dinner at Koi Palace in Daly City.... where they removed a whole crab from the options you can have with the closet thing now a small, live lobster. They also gave us fish fillets rather than a whole steamed fish the last time we were there 2 weeks ago.... Most of the other choices are much cheaper. You're right about housing costs. Also the min wage is 13.50 in Los Altos and $15.000 in Mtn View as of this year.... so everyone has raised the prices. My GF says the wait staff at Koi Palace now make over $100K a year and the managers much more... since it is so popular. We tried a Steak House here, Paul Martin's Grill, before and after New Year. We got some deal in December where we bought a $50 gift card and they gave us a $10 extra bonus card. They raised the prices so much that it pretty much used up the bonus in January! They tried to tell us we could not use the $10 at the same time and would have to come back... I made a fit (waiter had $20+ tip at risk for screwing me out of $10 so of course I got an exception after he checked with the manager.) I had a nice chat with him about higher min wages and how it affects him... he said they cut everyone to 4 hr shifts so they don't have a lot of dead time and I guess they can keep people longer if they are busy and making money. I'd thought about selling my home with a nice 1/4 acre lot to buy a smaller home when I retire and use the profits for a happy retirement... but the Governor says they get 13.3% of the gains since I bought the house in 1994 and have huge gains too crazy to estimate here... we'll get "poor baby" violin played by the peanut gallery if we complain Obamacare tax and CA taxes on us "rich folks" willl take $1M or more and leave us with nothing if we downsize but higher property taxes so WE DON'T MOVE! That is killing the market too as the only homes opening up are if people die or move out of state.