patrick.net

robertoaribas says

wow the rude idiots are coming in crowds! ducsingle: you seem to have a bunch of problems with your jealousy, to wit:

1. my graduate studies at UC Berkeley, of mathematics applied to economics. One might think that might be significant on a housing blog, about studying bubbles, but i guess to you that is simply bragging. Because, a hell of a lot of mathematical knowledge about markets, and decade of studying bubbles couldn't really help or anything...

2. acting on my studies, analyzing the market, and buying homes, which have now appreciated by roughly a million dollars.

A smarter person than you would say, "hmmm, that is interesting, maybe I can learn something from that..." but then again, you don't seem to be that smarter person, and instead choose to insult the very housing acumen that warrants study.

Wow, your shit don't stink. We're lucky to have such a valuable contributor on this site. Please continue to provide updates on your net worth on a weekly basis as the information is incredibly captivating.

Net worth is boring. Net income from properties would be amazing.

Anyone can make net wealth numbers up, and they're completely debatable. I think yours are realistic, but net income from properties is easier for most to understand.

You're probably making more profit per month, than most of these people make working their jobs.

Nice! So nearly 60K in income. Well above the median income of the US! With essentially no job! Forget about appreciation, who wouldn't love to have 60K/year in income for the rest of their lives? While rents might change from year to year, and might even drop, over time they will keep paying out a good amount. 60K/year is a good retirement income!

bmwman91 says

Also, the last stat that I saw in an article posted here stated that 10% of all RE sales in CA were to Foreigners, primarily Chinese. These sales were mostly in the SFBA, and from what I have seen I'd guess that a good 20% of sales here are to Mandarins.

But, I'll bet that most of those are to foreign citizens, but living here on green card or H1B. Not to people living overseas and buying here.

pkennedy says

With essentially no job!

Have you ever been a landlord?

Goran_K says

pkennedy says

With essentially no job!

Have you ever been a landlord?

Interesting that it is called a 'landlord' and not 'houselord'. Probably because most of the houses that make people landlords are not worth calling them a house. More like a shack, or pile of useless old wood and nails. ;)