Transcripts For KNTV Press Here 20171119

My home that said if you want to sell your house call me as soon as possible. I do get fliers from Real Estate Agents telling me houses around me are selling for a Million Dollars or more. I never thought i would live in a Million Dollars house to be honest is pretty average in the silicon valley. The median home price where i live is 1,068,000. Should i sell . Should you buy . We need an economist. Its a web site owned by zillow. All right. You must get that question every day. All right. Here is my address, what the heck should i be doing . All of the time. Its the most pressing question i get. Should i sell my house . Should i buy . Whats the future going to hold . All right. Whats the future going to hold . Depends where you live. Here in the bay area we are there a very tight housing situation not only are homes very expensive but there are very few on the market. Whether you should buy or sell depends where you are. You have to live somewhere. Right. If youre thinking about retiring in the next couple of years now is not a bad time to sell you a good amount of equity in it. If you are fully employed and looking to work for another 5, 10, 15, 20 years. This is a bunch of tax reform going on right now. Mortgage interest rates, state and local Tax Deductions changing. How is that going tofect different markets across the country. That is one we have been wrapping our head around the last couple of weeks. We have good news and bad news. What do you want first . Bad news. The bad news is the bay area will feel these. The good news is the rest of the country didnt. For those that live in the bay area, not so great news. The good news is if you sell and move elsewhere the homes wont be impacted. Probably because as proposed is there going to cut the reduction that you can take, the total price of the house by 50 m50 . Yes. So the mortgage Interest Deduction in the house plan is proposed from a million to 500,000. There is also a cap of deducting property taxes of 10,000. So those things are important especially if youre going to buy a house. If you own a house the good news is youll be a grandparent today. If you have a mortgage you can keep deducting that interest up to a million. No problem. You might feel a pinch on the property taxes because homes are worth a lot and your property tax in the bay area is likely to be close to 10,000 if not over depending on where you buy. The mortgage deduction is being preserved. Thats good news whether youre currently living in one. Theres proposal to reduce or eliminate the property tax deduction. It will not only hit those that live in the bay area pretty hard but everyone in the country who owns a house because youll no longer deduct that property tax. One of the things we are interested about, companies are always asking themselves and each other, are we in a bubble in silicon valley. I want to ask are we in a bubble and what is the relationship between the two. First thing ill say is no. I dont think we are in a bubble. Let me tell you why. A bubble has a very very specific definition, which is a market where people are buying just because they see a lot of other people buying. There isnt a lot of other economic fundamentals. Yes the bay area is expensive. It is expensive in many police stations to buy a house. I dont think places are driving up prices ir rationally. The reason why is because demand is high. Job growth here in the bay area. Incomes are very high. It tends to push up prices. At the same time inventory is very low. The number of homes on the market is near historic lows. We are not building homes like we used to. What should we be doing about that . It is a realish hue in equality. It is also a practical issue. We need to do a better job regarding housing. I know mayors of other cities are making concerted efforts the try to build more housing. We have fundamental problems here. We live in a place thats pretty much built out. Theres not a lot of room to grow except growing. Growing is tough and expensive. New york doesnt have a lot of fault lines. There are concerns there. But also there are a lot of homes that are still very valuable. There arent a lot of places to build up unless you convince a lot of people. Yeah. It really is a challenge. For those reasons i dont think we are in a bubble. I think we are driven by economic fundamentals. I was trying to look around for whats affordable . What is a place where a young person could move in. I saw some of these that were on there. This house is nearly a Million Dollars itself. There is another house, this one that is a duplex with the worlds worst tree placement. Its right in front of garage. Thats more than a Million Dollars. Unless youre talking about tracy there are no affordable places. Your options are to drive until you find places that are affordable, holister, for example or take on roommates. You cant really qualify saying you will have a roommate that pays part of your mortgage. It is a challenging situation. I do have concerns about what the impact will be on our regional economy, the ability to grow because yes we have a lot of highpaying jobs that are growing but our regional economy needs what an economist would call nonbasic appointment and that is people that teach, fight fires, enforce law, make coffee. Amazon is looking to relocate to a second place. Lots of jobs, new houses, where do you think it will be . 230 something cities put in, what is your bet . My place is more Affordable Housing than the bay area. Ill pick three, denver, chicago and dallas. We should buy in all three. Yes. We appreciate you being here this morning. Up next, one of the top minds in robotics when press here continues. Welcome back. We in the media are fascinated by robot cars. Nobody behind the wheel. There was the robot bus accident moments after its debut. While our attention has been on robot cars it is quite possible we have been missing this revolution. Routine use of robots in other industries. They are not pfrt but they are more dependable and carry heavier loads. It is called fetch. Dr. Melody wise is the one that made fetch happen. Am i right that the lrevolution is just happening behind the scenes . Yeah. I dont think it will be the hollywood experience you expect it to be. Theres a lot of interesting and exciting work going on behind the scenes in warehousing and industrial automation. We are starting to see some of that creep out but theres a lot of challenging with bringing robots into the home. I want to squeeze that question in. Im imagining your house. It must be awesome. The jet sons had everything, the maid. Is that what your house looks like . We have a vacuum cleaning robot. The thing is we have more home automation, led lights. So this is really funny. We actually have on our stairs as you walk past the top of the stairs it triggers led light strips that lights up your way in the middle of the night. Its not very robotic unfortunately. This is always in contention, what is a robot . Is it a robot that it measured something in the environment and triggered a behavior. Do you think alexa is a robot . Some say robots are sensing that could take physical items. If you were just asking alexa i would say no. If you can her to turn on the lights i say yes. It is a good introduction to the concept that my house will talk to me. Yeah. How far are we along sort of like continueum. I guess are we in the early stages . We are in the ooze of robots. I think a lot of people dont realize robotics started in the mid1950s with a little robot that would actually drive towards a candle when it needed to recharge and they would put a little charger there and a way when it didnt. And the first i guess commercial industrial robots and then we had this kind of experience in robotics where everyone was making robots to crawl, swim, jump, fly. There wasnt much cohesion within all of that. And so in the mid2000s willow garage started an effort to bring cohesion through open source software. You came from willow garage. Its sort of likepaypal. It was you. You are the mother of many robotics in silicon valley. Yeah. While i was wall willow i was focused not only on the engineering aspects but also creating community. And so it actually has been really great because now i have run my own company i am basically saying hey, you want a job . I guess using robots in the workplace i guess are we going to see more jobs replaced by automation and how far . That was exactly my question. I have seen totally d disprojections about how many jobs the robotics revolution will create. I have no way of knowing which is true. I think theres a lot of data on both sides. It depends how you read the data. I personally believe that theres so much we dont know about the creation of jobs. For example, in the 1970s and 80s we created this thing called robotic tellers. Now they are known as atms. At the time everyone said we will never have anymore tellers. It created a huge need. It allowed us to have smaller Regional Bank branches. We could have more tellers, on a couple but at banks. So you saw a huge growth in that job market. On the other side theres plenty of counter examples to that. Robots typically dont take jobs. They take tasks. For example, the robots we deploy, they do a small part of the job. They do to material delivery but theres a person on either end. I think eventually youll start moving towards this. You know, when people when the iphone was invented a lot of people didnt think there would be a Huge Development in app millionaires from something as simple as a portable computing device. I think theres a lot of opportunity. You never know, the robots might get into your home and well have a whole new App Development market. I want to squeeze in one more question. You once said im probably the most pessimistic roboticist. That was not easy. I had to practice it. It would be a horrible name for a band. Why are you a pessimist roboticist. Because if you ask me if there will be a robot in my home i would say not in my lifetime. Thank you for being here. Coming up a Company Makes a half billion dollars in revenue in one weekend when press here continues. Welcome back. A new video game has been flying tauf shelves. It is the latest in a long running call of duty franchise. It puts the player in the middle of the world war. It all came together. Cofounder says getting picked to create is latest game is like being chosen for the new york yankees. Thanks for being with us this morning. You dont give yourself enough credit. I looked you up. Youre really important. Your cofounder and you are some of the top people in video games, right . No. I dont think so. Thank you. We have a chance to represent 300 Game Developers right here in the backyard. Its the team that brought this to light. That is the correct answer. A half billion dollars in one weekend. Thats phenomenal. How much tension was there in the team before the release came out . Thats a great question. Because of expectations you need to win the world series every year. So the pressure the high. It brings out our best work. It is creative dedicated developers that want to build something fans will really enjoy. There have been many call of duty games. This is like star trek on television or star wars in the movies. And you got i dont know if its the contract but you got the call out. Yes. This is our third call of duty game it hasnt been back in nearly a decade. So its sort of going back to its roots. Fans have responded incredibly well. There was a lot of anticipation. The release is a lot of fun for all of us. Whats the biggest change you have seen in the last two decades in this business . It is an incredible change. It is a very dynamic industry. It began as a hobbiest sort of garage industry. Now it is a block boser entertainment property. You have a lot of expertise thats come together. You have a lot of pressure. Is it just the money and states or has the business changed . The business isnt really what we focus on. Its the art of creating great entertainment. When you have these studios and help me understand the business model. There are these really Big Companies like blizzard and those sorts of things. You operate kind of like making movies and a distributor distributes them . Another like sledge hammer games and things like call of duty. We have seen a number of them. I probably cant do them off the top of my head where gamers then broke apart. They didnt get more games they were supposed to develop. How do you keep the band together . Well, thats a great question too. It is a very dynamic industry. Technology is changing all of the time. Fans interests are changing all of the time. You see studios come together and they disup and down over time. We are really proud we have a team that believes in what we are doing and we are creating the biggest fan base on the planet. I think delivering quality for fans it allows us to build a best in class studio. You mentioned technology is changing all of the time. Im wondering when can i play call of duty with my buddy looking for my back and then hunting down how close are we to that being a mass market phenomen phenomenon . That is a great question. If you look at the rate of Technology Change it is faster than youre seeing any where else. We are approaching film level. We are ewing the same as avatar technology. Many of the same actors . Absolutely. Yeah. Hollywood meets silicon valley. When will i get my thats the next piece. Ar and vr are the big pioneers. I think ar will lead that. Everybody has an ipad. Augmented reality and Virtual Reality. I had to do that. I think it is where we are going. Augmented is nice because everybody is going there today. Virtual reality is still sort of early. I think call of duty wants me where ever its fans are at. We want to be on Virtual Reality when there are fans calling for Virtual Reality. Zb a and nintendo wii, one of the things i discovered, i play video games almost every day. It is a house full of boys. I have boys who are old enough to be playing video games. It is almost like i finish playing. Its like when you die i get the game. Its a relaxation because you sort of plop back on the couch and use your controller. Now you have to stand up and actually take action and do stuff. Exercise. Yes. So the point being, my only resistance to vr is maybe when i watch a movie, i dont want to. I want to sit there. You have got to get in there. We have got to get you in. The technology isnt quite there yet but its comes. Yes. It puts you in control of your actions. There are some times i like to watch a good piece of film. When i want to control my character and have true agency of whats happening around me, video games has that and Virtual Reality gives you that more than anything today. It puts you in that world and immerses you in that space. Its not quite there yet but its on the horizon. One last question and that is the historical realism, its the Second World War but then again its a video game. How did you handle a historical realism . We really did. The canvas of world war ii meant we had to honoring the sacrifice and representing it authentically. Part of it was going to all of the locations across the world which we did to really bring you back these were true heros. This was the greatest generation. We owed it to them to capture it. I cant think of another way to capture that. Press here will be back in just a moment. Thats our show for this week. Thank you for making us part of your sunday morning. Im damian trujillo, and today, well take you to teotihuacan city of water, city of fire on your comunidad del valle. Male announcer nbc bay area presents comunidad del valle with damian trujillo. Damian we begin today with the busy construction industry, and how maybe can you know your rights to get around that workforce. With me on comunidad del valle is josue garcia, who heads the building and trades council, and al gonzalez is representing the Plumbers Union here in the area. Welcome to the show. Al gonzalez thank you. Josue garcia thank you, damian, thank you very much, and you are correct. Right now in the bay area, construction is booming. And with booming, there is an opportunity and a little bit of a problem that al and i would like to talk to the community about. One of them is the opportunities in construction, Employment Opportunities in construction,