About SFace


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In United States
Registered Dec 02, 2009

Your whole life is summarized by the credit card you carry.

You have your debit card,
you have your no benefit credit card,
you have your gold, platinum and black card.

My old boss and father-in-law carries the Amex Black, which inspires me to work on the same. It says a lot about yourself and what you demand of yourself. Some poeple want surf and turf, some wants caviar and Foie Goie yet some just want a full stomach.

What do you want in your wallet?

SFace's most recent comments:

  • On 22 Aug 2014 in Why your house is a terrible investment, SFace said:

    Reit returns beat stock returns long term. Just need to look it up. Reit index kicks ass.

    Real estate is the best business in this world and the number one source of millionaires. The index of real estate companies tell you that. The thing is real estate can be as small as 100k or 100b and the smaller business will do better. It does not need to scale which makes it the perfect business for mom and pops.

    And if you are living instead of renting to someone else, you just have a guaranteed tenant, you. Not paying rent is less cash out which acts the same as a dividend. And of course if you borrow the money, the bank have the risk in exchange for interest and you get the benefit of leveraged return.

    Stocks get double taxed, even tripled taxed. Real estate can be zero taxed.

    If stocks tank, you are a bagholder, if real estate tank, the bank is the bagholder with smart planning.

  • On 21 Aug 2014 in Why your house is a terrible investment, SFace said:

    FunTime says

    tatupu70 says

    I wouldn't call that overpriced. It means you can't afford it, but it doesn't mean it's overpriced.

    Right and similarly many people would call it "affordable."

    The market doesn't care about how any one or even many people thinks.

    If 1M is so overpriced, you would think there would be more than 600 or in the market.

    In any case, the whole point of my thesis is expensive and overpriced are completely separate concepts.

  • On 21 Aug 2014 in Why your house is a terrible investment, SFace said:

    Quigley says

    The SFBA seems like one of the most artificial and wierd markets in the country. There are no fundamentals. There's only greed and speculation. Sort of like the stock market. You can win big or lose big, it all depends on where you get on the ride.

    of course there are fundamentals, the most basic one. demand/supply.

    The median price in SF is what 1M, yet there are only 600 in the market for a city of 330K households.

    I never understand the argument that just because it is expensive means its overpriced. Freakin Aulani resort in Oahu is expensive, yet the kids love it and the price is right. That ignores the basic principle of supply and demand.

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