About JFP

JFP

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Registered Sep 02, 2012


JFP's most recent comments:

  • On Sun, 23 Aug 2015, 3:17pm PDT in The 2015 housing market and my prediction for 2016, JFP said:

    The current market seems a little weaker in Palo Alto right now. Not so much the price, but the number of offers for each house is down.

  • On Mon, 3 Feb 2014, 2:57am PST in Can't believe prices have doubled in 2-3 years, JFP said:

    FunTime says

    An excellent illustration of the difference in approach to the issue. I would argue the other way. "Who can afford to base housing decisions on less than 30 year time horizons?" I didn't inherit any money, so compound growth over time is my only chance at having any. I'm not a bear. The math says that I'm better off renting in my situation. My situation is unusual, however, since I choose to live in San Francisco and we have such an usual cost of housing.

    If you think you know what is going to happen in 30 years in either your own life or housing, then you are seriously deluded. 30 years before now was 1984. How many people then, got even 1994 right? Never mind 2014.

  • On Sun, 2 Feb 2014, 3:08am PST in Can't believe prices have doubled in 2-3 years, JFP said:

    FunTime says

    Please let's not fall victim to this idea that a market is called in two or three years. Talk to me in thirty.

    This sums up the uselessness of the bearish advice on this forum. Who the hell can base housing decisions on a 30 year time horizon? And/or wait 30 years to see if the prediction is correct. He almost certainly won't be in the same house in 30 years.

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