[4plexowner]

You know, people only get defensive about things that are true

Perhaps you should examine where your anger is coming from – we are just having some fun

[4plexowner]

You know, people only get defensive about things that are true

Perhaps you should examine where your anger is coming from – we are just having some fun

[4plexowner]

when I was selling my multi-unit property I had the buyer’s security deposit ‘go hard’ 14 days after I accepted their offer (ie, the buyer’s deposit comes out of escrow and into my pocket) – 14 days gives the buyer time to do his due diligence and either commit to the deal or walk away

this keeps the buyer in the deal or forces him to walk quickly

there are lots of flakes out there – don’t waste time with them

I had one flake accept my counter-offer at $895K and then try to negotiate a $600K price before his money went hard – my agent and I got rid of him and his offer as quickly as possible

had another flake try to play delay games right before his money was to go hard – he was quite surprised when I cancelled his escrow the day after his money didn’t go hard

anyone who would intentionally play the low-ball game described by the original poster deserves to be knee-capped by Guido in the station wagon

[4plexowner]

when I was selling my multi-unit property I had the buyer’s security deposit ‘go hard’ 14 days after I accepted their offer (ie, the buyer’s deposit comes out of escrow and into my pocket) – 14 days gives the buyer time to do his due diligence and either commit to the deal or walk away

this keeps the buyer in the deal or forces him to walk quickly

there are lots of flakes out there – don’t waste time with them

I had one flake accept my counter-offer at $895K and then try to negotiate a $600K price before his money went hard – my agent and I got rid of him and his offer as quickly as possible

had another flake try to play delay games right before his money was to go hard – he was quite surprised when I cancelled his escrow the day after his money didn’t go hard

anyone who would intentionally play the low-ball game described by the original poster deserves to be knee-capped by Guido in the station wagon

[4plexowner]

23109VC – Temecula is lucky to have such a strong advocate for its housing value

Or are you still trying to talk yourself into buying that house …

[4plexowner]

23109VC – Temecula is lucky to have such a strong advocate for its housing value

Or are you still trying to talk yourself into buying that house …

[4plexowner]

I think rational people who live and work in San Diego proper will take a pass on Temecula – you should factor this into your analysis of where Temecula prices are headed

I personally wouldn’t commute to/from Temecula EVEN IF YOU BOUGHT ME THAT FREAKIN’ MANSION AND HANDED ME THE DEED FREE AND CLEAR (watch how quick I can sell it though!)

It wouldn’t surprise me to see the $800K Temecula house going for $200K before it is all over

Let’s see 52 miles for me to commute – 19 MPG in the Beemer – premium is $3.60 – my daily commute would cost me almost $19 – at $5/gal the commute would cost $26/day – that means living in Temecula would cost me $500 to $600/month just for gas

And then we could talk about spending a significant portion of one’s lifetime sitting in commuter hell on I-15 but what’s the point …

[4plexowner]

I think rational people who live and work in San Diego proper will take a pass on Temecula – you should factor this into your analysis of where Temecula prices are headed

I personally wouldn’t commute to/from Temecula EVEN IF YOU BOUGHT ME THAT FREAKIN’ MANSION AND HANDED ME THE DEED FREE AND CLEAR (watch how quick I can sell it though!)

It wouldn’t surprise me to see the $800K Temecula house going for $200K before it is all over

Let’s see 52 miles for me to commute – 19 MPG in the Beemer – premium is $3.60 – my daily commute would cost me almost $19 – at $5/gal the commute would cost $26/day – that means living in Temecula would cost me $500 to $600/month just for gas

And then we could talk about spending a significant portion of one’s lifetime sitting in commuter hell on I-15 but what’s the point …

[4plexowner]

Silver may be the most undervalued asset on the planet right now

The silver market has been operating in a supply deficit situation for the last 60 years but that supply has run out (US had 1 billion ounces of silver after WWII – this silver filled the supply deficit until 2004(?) when the US Mint had to buy silver on the open market to fulfill orders for silver Eagle coins

With the prices of gold and silver depressed (manipulated?) for 20 years, most miners went out of business or drastically scaled back operations – exploration for new mines mostly stopped – now that the demand for commodities is rising (think 3 billion people in Asia trying to achieve the western lifestyle) miners are ramping back up to speed but bringing a new mine online can take 5 to 7 years (or longer if you have to deal with NIMBY and tree-hugger issues)

Interesting tidbits about silver:
– silver to gold ratio in the earth is about 16:1 – interestingly, silver and gold have traded close to this ratio for most of the last 600 years (currently this ratio is about 50:1 so a return to the historic ratio will make silver far outperform gold in the current bull market)
– silver is a natural virus and bacteria killer – many new applications are taking advantage of this fact – silver linings in refridgerators and washing machines control germs – silver in the socks of our troops in Iraq helps prevent foot fungi from developing
– silver is one of the best electrical conductors known – how much silver will Asia need to give 3 billion people the western lifestyle? – all electronics have a little bit of silver in them (think cell phones, computers, TVs, etc)

I could go on and on about silver but, as one of my professors would say, “the proof is left as an exercise for the student” – ie, do your own research

[4plexowner]

Silver may be the most undervalued asset on the planet right now

The silver market has been operating in a supply deficit situation for the last 60 years but that supply has run out (US had 1 billion ounces of silver after WWII – this silver filled the supply deficit until 2004(?) when the US Mint had to buy silver on the open market to fulfill orders for silver Eagle coins

With the prices of gold and silver depressed (manipulated?) for 20 years, most miners went out of business or drastically scaled back operations – exploration for new mines mostly stopped – now that the demand for commodities is rising (think 3 billion people in Asia trying to achieve the western lifestyle) miners are ramping back up to speed but bringing a new mine online can take 5 to 7 years (or longer if you have to deal with NIMBY and tree-hugger issues)

Interesting tidbits about silver:
– silver to gold ratio in the earth is about 16:1 – interestingly, silver and gold have traded close to this ratio for most of the last 600 years (currently this ratio is about 50:1 so a return to the historic ratio will make silver far outperform gold in the current bull market)
– silver is a natural virus and bacteria killer – many new applications are taking advantage of this fact – silver linings in refridgerators and washing machines control germs – silver in the socks of our troops in Iraq helps prevent foot fungi from developing
– silver is one of the best electrical conductors known – how much silver will Asia need to give 3 billion people the western lifestyle? – all electronics have a little bit of silver in them (think cell phones, computers, TVs, etc)

I could go on and on about silver but, as one of my professors would say, “the proof is left as an exercise for the student” – ie, do your own research

[4plexowner]

Thanks for the numbers Bugs

Supposedly, on a national level, builders are building 2.6 homes per new family being formed in this country

Historically (for decades) this number was 1.6

Even after the market peaked in 2005 builders continued to build at the 2.6 rate which added even more excess housing units to the already saturated market

I find it interesting that if we assume that 5000 housing units per year is a reasonable rate to build in San Diego (ie, the 1.6 new houses per new family) then the 2.6 number would only be 8125 per year – but builders were building 12,000 units per year for the last 6 years in San Diego?

The 12,000 units per year would be 3.8 new houses per new family (based on the assumption that 1.6/yr equates to 5000 houses) – 3.8 is 46% higher than the 2.6 which is already 62.5% higher than the historical standard of 1.6

Wow – when San Diego has a real estate bubble they REALLY have a real estate bubble!

[4plexowner]

Thanks for the numbers Bugs

Supposedly, on a national level, builders are building 2.6 homes per new family being formed in this country

Historically (for decades) this number was 1.6

Even after the market peaked in 2005 builders continued to build at the 2.6 rate which added even more excess housing units to the already saturated market

I find it interesting that if we assume that 5000 housing units per year is a reasonable rate to build in San Diego (ie, the 1.6 new houses per new family) then the 2.6 number would only be 8125 per year – but builders were building 12,000 units per year for the last 6 years in San Diego?

The 12,000 units per year would be 3.8 new houses per new family (based on the assumption that 1.6/yr equates to 5000 houses) – 3.8 is 46% higher than the 2.6 which is already 62.5% higher than the historical standard of 1.6

Wow – when San Diego has a real estate bubble they REALLY have a real estate bubble!

[4plexowner]

Unfortunately there IS a point to a serious financial downturn

The point is to teach people one more time that

THERE IS NO SUCH THING AS A FREE LUNCH

I know I will also be hurt by a financial crash but I’d rather deal with that pain so my children can enter their adulthood in a healthy economy (instead of inheriting the current economy with its $70 trillion in unfunded liabilities to the baby boomers and its need to doctor economic statistics with things like the birth-death model that the BLS uses to lie about unemployment levels)

[4plexowner]

Unfortunately there IS a point to a serious financial downturn

The point is to teach people one more time that

THERE IS NO SUCH THING AS A FREE LUNCH

I know I will also be hurt by a financial crash but I’d rather deal with that pain so my children can enter their adulthood in a healthy economy (instead of inheriting the current economy with its $70 trillion in unfunded liabilities to the baby boomers and its need to doctor economic statistics with things like the birth-death model that the BLS uses to lie about unemployment levels)

[4plexowner]

I’ve spent lots of money on seminars and books and software and newsletters in the elusive attempt to strike it rich day-trading

In my journey I’ve arrived at these conclusions:
– serious day-traders eventually end up trading the eMinis (because of the leverage) so why not focus on them from the start
– I’m not likely to make money on a trade if I don’t understand why I am in it and what my objective is (ie, I am blindly following the advice of some newsletter or ‘friend of a friend’ instead of thinking for myself)
– serious day-traders have to spend money on a decent trading platform and learn how to use it – I chose Tradestation because of its strategy automation capabilities – this lets the trader play ‘what-if’ games and test a trading idea without putting capital at risk – I believe this ability to test an idea prior to trading it is critical
– nobody is going to sell a ‘sure-fire’ trading system for $3000 – I’m trying to develop the proverbial ‘money-machine’ for trading the Russell eMini and I can assure you that if I succeed I won’t be selling it at any price much less $3000)
– to succeed at day-trading I will have to expend the same level of energy/dedication/drive that it took to get my engineering degree – the difference is $600K/yr as a trader vs $100K as an engineer

My current focus is on Jeffery Katz’s book, The Encyclopedia of Trading Strategies – he presents the idea of allowing an optimizer to pick not only the parameters for the trading rules being used (MACD, moving average, etc) but also to pick the trading rules themselves – Katz implies that a genetic optimizer (which is available for Tradestation) has the power to develop a profitable trading system using this methodolgy – I hope he is right – he also analyzes different entry and exit strategies in a very thorough manner

I’ve made about 5 attempts to trade the eMinis so far – my best trade was a position I took by accident – my worst trade cost me $3000 in 10 minutes (I know I’m right, I know I’m right, I know …, darn, get me out of this trade quick! …)

[Author]

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