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Million Dollar Shack : Trapped inside Silicon Valley's housing bubble

Well, I'm now officially in contract for a house in Newark. Mortgage will be less then my rent in Redwood City. But now the Dumbarton will be a part of my life. I think it's a nice compromise vs uprooting and leaving the bay area entirely. Especially since I really like my practice.
 
KnifeySpoony said:
Well, I'm now officially in contract for a house in Newark. Mortgage will be less then my rent in Redwood City. But now the Dumbarton will be a part of my life. I think it's a nice compromise vs uprooting and leaving the bay area entirely. Especially since I really like my practice.
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Fingers crossed!
 
Archimedes said:
:rofl Rigged game. The losers always think the game was rigged. Or just a matter of luck. Losers love that word as well.
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When bankers basically created the financial crisis a few years ago and not only avoided jail, but profited...you honestly don't think the game is a bit rigged?
 
Archimedes said:
:rofl Rigged game. The losers always think the game was rigged. Or just a matter of luck. Losers love that word as well.
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That is the problem right there. Housing shouldn't be a game you win or lose. Only a greedy selfish asshole would think this way.

I own multiple homes and have done well for myself, I timed the market not perfect but close enough to profit well. Some of my buddies are struggling just to afford housing for their families. Half of the time, many cant afford to come hang out, or grab dinner out because mortgage or rents are so high.

You would call them losers.

To that I say go fuck yourself little man. You probably have no friends.
 
My grandfather's day in 1950s Canada was nuts....he'd buy a house for $7,000 and then sell it the next year for $28,000 use that money to buy a new house, sell that for $50,000 the next year and buy another one etc...

Then he moved to Los Angeles to retire.
 
Not trying to PAWNED anyone.
I enjoy reading Archimedes opinion on market matters and was surprised back when he made that comment.

On a topic where even award winning economists disagree you have to bet one way or the other and no way anyone can predict all the variables involved. Luck plays a part.
 
Blankpage said:
Not trying to PAWNED anyone.
I enjoy reading Archimedes opinion on market matters and was surprised back when he made that comment.

On a topic where even award winning economists disagree you have to bet one way or the other and no way anyone can predict all the variables involved. Luck plays a part.
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If economists always disagree, and sometimes they're right and sometimes they're wrong, what value do they provide?

It's like theologians arguing over the meaning of a passage in a holy book instead of asking the obvious "Did (God) actually write this?)"
 
Roomies! :p

http://www.usatoday.com/story/news/nation-now/2015/10/29/roommates-savings-per-city/74819590/

The 10 cities where you'll save the most by having a roommate:

1. San Francisco ($1,077 in savings)

2. New York ($942 in savings)

3. Boston ($846 in savings)

4. San Jose, Calif. ($834 in savings)

5. Oakland, Calif. ($798 in savings)

6. Washington, D.C. ($578 in savings)

7. San Diego, Calif. ($549 in savings)

8. Portland, Ore. ($527 in savings)

9. Miami ($526 in savings)

10. Los Angeles ($492 in savings)
 
HappyHighwayman said:
I learned from my dad in the 80s: Buy low, sell high...most uninformed investors do the opposite.
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It isn't necessarily that they're uniformed. You're not exactly talking about a new concept there.

It's that it's difficult to do on a consistent basis.

Many people here said that housing and stocks had peaked 2 years ago Guess what, they were wrong.

Many people said that the summer of 2008 was the bottom. Guess what, they were wrong.
 
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HappyHighwayman said:
Politics does not pretend to be a form of science.
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Nor does guessing bay area housing prices pretend to be a form of science. Did anyone suggest politics was a form of science?

HappyHighwayman said:
Ok, science...they don't vote to decide if something works or not they use the scientific method.
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Are you saying scientists have never been wrong?
Just off the top of my head:
The Pons and Fleishman cold fusion experiment that couldn't be duplicated.
The static universe.
The steady state theory.
 

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Teacher retired laster year at not a day over 55. Sold his San Mateo Eichler home for $1.8m that he paid $200k for, bought a dope trailer is a traveling machine.

Things could be worse. Just live within your means.
 
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