patrick.net

Several possible future outcomes could make Richmond the highest return.
1) Gentrification - Old mellow hippies move in
2) Legalizing Marijuana - reduces violent crime
3) Chevron plant modification, or closure - creates jobs or makes a great new park
4) Ufo disclosure - Quick commute to future StarFleet headquarters

Darrell In Phoenix says

E-man says

We pick up a property for $220k. It's worth $300k.

No. It's worth $220k. Exactly what you paid for it.

This thread is another example of the lunacy. Untill people realise a house is not an investment or a money making machine the shite will never end.

B.A.C.A.H. says

Ah yes, Richmond Real Estate. Part of my portfolio. Or at least, the part of Richmond that belongs to CVX. It's a nice position with a positive cash flow (15% federal rate at least for time being) , steady increase in valuation keeping ahead of inflation. No tenants to depend on. Legal liability buffered by the overall massive size of the corporate parent. Hyper liquidity, sub-leasable, and yes, for folks like eman, leverage-able. Wash rules are fairly liberal, providing opportunity for tax-managing some loss positions.

But its kind of humility to be a small fish in a big pond of a billion or so shares. If I were a coveting kind of person, well maybe something like shares is too intangible for my personal values. And then I don't have the opportunity to attach "Lord" (as in LandLord) to my identity.

CRINGE I hate to inform you the language of your post is so robotic, so fucking corporate it just makes me want to BARF.

Facebooksux says

Well, dipshit, I've got some news for you.

Just who the fuck do you think ends up paying the tab for all those writedowns?

This is the same crap that got us into this situation in the first place and all it's gonna cause is more misery and financial ruin.

They will learn the hard way. It all comes back ten fold.

PockyClipsNow says

Half the people on this board think if you 'make money its wrong and you are a crook'.

I would say to these people: consider adopting capitalism.

No what half the people are against here is not making money they are against making money by hook "or by CROOK" as in causing society economic harm by making money anyway shape or form. Making money takes two routes. The routes being criticised here are those doing "whatever it takes and screwing whomever" just to make a BUCK ...that is both unethical and wrong. As when someone takes out major debt they cannot afford just to fuel their "I am rich" fantasies, when they know they cannot pay it off if their gamble hits the fan, and without responsibility or ethics knows damn well they plan to walk on that debt if all goes bust. I as a tax payer am paying for their shite.

So as regards your half-arse statement of
"Half the people on this board think if you 'make money its wrong and you are a crook'. I would say to these people: consider adopting capitalism."

I would say you are full of shite (ban me Patrick for insults I don't give a fuck because half of these people turn my stomach.)