Please log in to view images

« prev   random   next »


Tech slide cuts 'posh' SF RE

By LarryPatrickMaloney follow LarryPatrickMaloney   2016 Feb 12, 2:47pm 2,329 views   8 comments   watch   nsfw   quote   share

.."As technology stocks slide — the Nasdaq is down 15 percent this year — and private tech valuations suffer, real estate brokers say the feverish clamor for high-end homes in San Francisco has quieted." ..

1   JaneGalt   ignore (0)   2016 Feb 12, 2:49pm     ↓ dislike (0)   quote   flag      

Nice. May the greedy get their due.

2   B.A.C.A.H.   ignore (0)   2016 Feb 12, 2:57pm     ↓ dislike (0)   quote   flag      

Larry, how long have you lived in the region?

3   someone else   ignore (0)   2016 Feb 12, 8:59pm     ↓ dislike (0)   quote   flag      

nice, an upside to the fall in stocks.

i don't even own any tech stocks, but the market has been brutal lately.

4   B.A.C.A.H.   ignore (0)   2016 Feb 13, 4:05pm     ↓ dislike (0)   quote   flag      

I don't own any either, not directly anyways.
But everyone with index funds probably owns them indirectly.

5   curious2   ignore (0)   2016 Feb 13, 4:21pm     ↓ dislike (0)   quote   flag      

i don't even own any tech stocks

Why not? Do you short any, or buy put options?

6   someone else   ignore (0)   2016 Feb 13, 5:28pm     ↓ dislike (0)   quote   flag      

curious2 says

Why not? Do you short any, or buy put options?

no, it's just too many eggs in one basket. i work in internet tech, so buying internet tech is doubly risky. if things really go south, i lose my job and my investments.

so my investments are generally boring old-school things that have nothing to do with the sf tech scene.

also, i could never justify buying anything with a p/e over 30. just too conservative to go past that.

7   Ironworker   ignore (0)   2016 Feb 13, 8:18pm     ↓ dislike (0)   quote   flag      

Nasdaq is in bubble indeed.

Mark Cuban about about 2 years ago said that this bubble is bigger than the one in 2001.

It will crash eventually.

It's actually down 19% as of today.

8   Ironworker   ignore (0)   2016 Feb 13, 8:21pm     ↓ dislike (0)   quote   flag      

I'm sorry 17% down

about   best comments   contact   one year ago   suggestions