Fast Food Workers Ask for Wage Increases
- Fast Food Workers Ask State for Further Wage Increases $43,000 to sell hamburgers
- YTD SALES 12 Bay Area Counties
Introduction and Overview
Fast Food Workers Ask State for Further Wage Increases $43,000 to sell hamburgers
43, 000 to flip hamburgers. That's where we're going. We're also going to talk about going to open houses, what it looks like, and what to expect will a Glen house of the week, luxury home of the week, and the 12 Bay Area County home report. Let's get moving. There's a fast food union in the state of California, it's called the California Fast Food Workers Union. It's now urging council members across the state to increase the hourly rate to 20 and 70 cents an hour and 2140 by 2026.
Now I'm all for capitalism. I'm all for doing the right thing. However, what these people don't realize is that the more they get paid, the fewer hours they're going to work. As a matter of fact, this lady right here is working a quarter of the hour she used to, right? I'm also not in favor of paying 15 for a Big Mac or a Subway sandwich or what have you, I would rather make my own sandwich or hamburger
it's just the cost of living here is getting crazy outrageous so that's where we're in this little push and pull. The problem is these people are dependent on this as a paycheck and they see this as a career I don't see working fast food as a career. Because what they're ultimately doing is hurting themselves.
They're pushing the wage up, but they're going to earn fewer hours. And they're going to ultimately find themselves out of a job. The owners of these fast-food restaurants, don't care. If it gets too much, guess what they're going to do. They're going to close the doors. They're going to ultimately unemploy these people.
And it sucks. I don't eat fast food, but maybe once every couple of months, I have a specific diet trying to get rid of my body fat. So I stay away from fast food unless I'm traveling I'll enjoy a burger, but I'm also going to spend 15 for a burger at a place where I will be served, not stand in line and give an order.
Just not going to do that. By the way, the burgers that you get at. Sit-down restaurants are going to be a lot more tasty, and you can order other things like vegetables and salads, etc. You can get salads there, but obviously, there's a lot of processing that goes on with this. I understand the struggle for the Spanish speakers.
I understand 100%. My only thing Is fast food. The query should be that there are other ways to make money, I understand the desire and the need to get that up there. I understand there's a huge growing need for people to make a living wage here.
As a matter of fact, I have it here. The median income for 2023 is 181, 000. So if you're making 43, 000 in a household of two, that means you're making about 86, 000 far below the median price. And that basically. Pins you into being a renter for the entire time you're here, right? And I get it. You're near family.
You got to make a living. My concern is fast food has never been considered a career unless you get into management And then you have to know how to deal with people and Speak multiple languages. It's a problem that we're all dealing with. I don't think this is a solution to the problem.
I think what we have to do is teach people how to get a career get an education and learn to do better.
Challenges of Living in California
Going to an open house? Now you might have to fill out a form, per new homebuying rules
The reason I brought this up is because affordability in California, along with across the United States is becoming unaffordable for many people, when people see, Oh, I can make 20 an hour in California, I'll just move there.
What they don't realize is the cost of living is so much more expensive here than it is wherever they're coming from. They find themselves in a further deficit and it's a dangerous game they play. Unfortunately, it's just the way life is. And it's not going to make it so that people can afford to even rent here.
So what they might wind up doing is having to travel from different counties to get here to make their minimum wage job.
New Open House Regulations
There's a new form That the NAR requires us to use if you come to an open house, it's not something you should be afraid of.
It's something that you're just going to have to deal with. It's something because of these lawsuits, we're protecting ourselves to make sure you understand who's being represented so when you come to an open house, this is the form that you're going to be required to sign in the past I would never have people sign in unless they wanted to.
Now it's a requirement. And there's also further instruction on there saying that we do not represent you. So if you ask questions or you give me information about you as a buyer, I have the right and quite frankly, the duty to tell my seller about your story, my suggestion is to be tight-lipped about what you say to a listing agent or whoever's hosting the open house because their job is to protect the seller, not you.
You're not being represented by them. So just understand that. If you sign this, you're not being represented. You're not due any course or what have you. If you're working with another agent, this just says that you were here. And there's an understanding that. The seller and that agent at the open house, whether it's the listing agent or a host are not representing you.
And why is that important? We'll talk about that in a second. Communication at the open house property tour is for the benefit of the seller. You might want to look at a lot of different homes. And that's your option. But if you're going to do it with open houses, There's going to be something for the seller to get out of it.
Communication with the agent is not confidential. Any information the visitor reveals to the agent at the open house may be conveyed to the seller. If a visitor writes an offer on the property through that agent the agent will disclose if the agent's broker agent or agent's broker represents a seller exclusively or both the seller and the visitor.
There are agency forms that you're going to have to fill out. And if a visitor wants to be represented by the agent holding the open house, they need to sign a representation agreement. If the visitor is in an exclusive relationship with another agent, this is not intended as a solicitation of that visitor.
Understand that there's no commitment. With this form, just a declaration that the host, whether it's the listing agent or another agent is representing the seller to the best that they can to sell that house. No way, shape, or form. Are they representing you as a buyer?
Why do they do this? Because of that NAR lawsuit that happened last year. And now we're figuring it out and will this change? This is going to change. Just be prepared. This is going to change. So if you want to read this, I have the link in my blog. You're very well welcome to take a look at it, and how this affected you as a buyer before.
We'll be talking about this more as this shakes out because the buyers got dealt a bad blow in my opinion, if you're going to look at multiple open houses, download this checklist. This no way shape or form says that I'm going to represent you.
I will call you and say, are you working with an agent? But, if you're interested. Download this checklist. And what this does is it allows you to go through every nook and cranny of the house and say, if it's in good, poor, or fair condition. And when you're looking at six or seven houses, it allows you to compare and contrast at the end of the day, because believe me, if there are 105 different things on one checklist and you look at seven houses, a lot of things will get jumbled.
So if you're trying to remember if house four has dual pane windows or air conditioning, this checklist will help you do that. There you go Newport Avenue.
Willow Glenn House of the Week
This is Willow Glenn's house of the week. Four bedrooms, two baths, two and one-half baths, 1, 959 square feet built in 1936 this has been on the market for 33 days. The original list price is 2 million 24. Now it's below 2 million. My problem here is that it's not the inside of the house.
It's the outside of the house. And remember what I talk about curb appeal. You can see a lot of different things that are wrong with this, even though it's on a shady tree line. neighborhood or street. The foliage in the back has a lot to do with how crazy this house looks. And it looks like a ranch and it doesn't look like a 2 million house.
So when you look inside, it's nice looking. It's updated, painted new floors, love the floors. Actually, that looks like laminate flooring. So this is an old 1936 house, 80 years old, and it's been updated, but is it worth 2 million? The buyers are saying no, after 33 days, it's still on the market and they had to lower the price.
Why? Because they tried to be a market maker. When we sell your house, we want to attract the market. Huge difference, right? We want to go under the list price, under where we think the house is going to sell to attract as many eyeballs as possible, to get as many people to your house as possible, and to make as many offers as possible.
And when you overprice it, Buyers aren't stupid. They know they have Zillow. They have all these different companies to see the value compared to other houses similarly priced in the same square footage, they're going to look at this house versus another house and they're going to choose the other house because of curb appeal or something.
So there's a good example right there.
Luxury Home of the Week
Luxury home of the week, Broadway Street in San Francisco. Now I'm not a fan of San Francisco, but This one is pretty awesome. Four bedrooms. Again, not my listing. Four bedrooms, six full baths, four half baths. 10, 000 square feet built in 1987. But look at that view.
That's 38 million views right there. And the reason why I picked it is because it's right close to the Presidio. Check this out. You can just walk and have trails and trails and go to the Marina District, but you're in Pacific Heights and it's just a beautiful little area. There we go. Yeah, let's take a quick look and see what this looks like. Very stately. Wow. It feels like Michael Douglas has been in this house before. The game. The game. It's a good game. Good movie. Look at that view from your bedroom. Holy moly.
FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist
Yeah. That's what happens when you make a lot of money. There you go. If you're thinking about selling your house, drop this, inspection checklist into your email. It is a Checklist just like the home buyers checklist, but it goes through and lets you create a honey-do list. No house is perfect.
Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
No house is ever perfectly level square or plum. Just understand that, especially since this is California. This allows you to go through and look at switches, plugs, appliances, plumbing, lights, and everything, and make sure everything is fixed and ready to go before an inspector comes to take a look at your home so that you have a nice report.
Santa Clara County Market Update
YTD SALES 12 Bay Area Counties
Nothing super crazy outside of the fact that we're in Santa Clara, now over 12 billion in revenue and sales. It's not a record 2021 was our record and last week we did 400 million in sales alone. So it's not that the market's slowing down here, at other areas in California across the United States, but in metropolitan areas like San Francisco housing is coming back.
It's coming back crazy. The average sales price to list price, original list price to sales price is 7 percent in Santa Clara County. So keep that in mind when you're looking at a house, if you want to sell a house, you're looking at probably 10 percent over the list price. When you're working with an agent as a buyer, they're going to show you comparables and tell you what the value of the house really is.
All right. I'm Vito with Abitano. Thanks for watching. We'll see you out.
Vito Scarnecchia Real Estate Broker, Veteran, Dad DRE#: 01407676 408-705-6817 Vito@abitano.com Website: abitano.com https://www.onereal.com/vito-scarnecchia-1 update your home value: https://hmbt.co/bT7qRJ RELOCATION@ABITANO.COM FREE DESKTOP APPRAISAL https://www.propertyrate.com/agent/vitoscarnecchia If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents! Book appointments here: https://calendly.com/abitano/15min Home Buyers Course YT YouTube.com/SanJoseLiving IG https://www.instagram.com/abitanogroup/ FB https://www.facebook.com/vito.scarnecchia/ LI https://www.linkedin.com/in/vito-scarnecchia/ Blog http://blog.abitano.com/ POD https://spotifyanchor-web.app.link/e/oxdH1Hwfcvb Professional Photography by Kim E https://photosbykime.com / Local Real Estate Market and Home Value Report https://hmbt.co/bT7qRJ Financial Intelligence https://docs.google.com/forms/d/e/1FAIpQLSc0R5pjHIAPguZ5GDEB-fTbGJXKpWK3coK9Khymv_GTWkMnyQ/viewform?usp=send_form https://www.onereal.com/vito-scarnecchia-1 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg
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