[an]

[quote=Coronita][quote=deadzone]Of course there is no crash in sight for you, you are a RE agent. Much like a used car salesman, it is always a good time to buy!

But for those of us without blinders on, the evidence is mounting.[/quote]

If true and a crash is coming, that’s great news for investors and young first time homebuyers that just started their careers and life and can get a place of their own from the get go, instead of waiting decades for a bottom and sending it to a landlord.[/quote]
I hope it’s true and that dz is right. I also hope it comes sooner rather than later. Fingers and toes crossed.

[an]

[quote=Coronita]Lol… Always coming back dz when markets are down lol….[/quote]
I hope he’s putting his money where his mouth is and have been shorting these stocks like crazy. Or better yet, buy PUTs on them. He is making bank.

[an]

[quote=limkotir]
My condolences on your NFLX 2024 call options. Isn’t the theta decay on those options pretty insane, as even if the stock does not move up or down to your in-the-money strike prices? Options are great fun, but I have to have very strong conviction in what I am buying or selling.[/quote]
No need for condolences. You can’t hit it big if you don’t swing for the fences. It’s my play money, so, sometimes you win and sometimes you lose. I’m ready to lose 100% of the $ I use to buy options. As long as I win more than I lose, that’s all that matters.

[an]

[quote=deadzone]Who’s talking about NAIL? You don’t own any so what do you care. But pretty sure AN is in the Red on his Nail calls if he even bought it.

Meanwhile NFLX is now down 25% after hours. Cratering would be putting it mildly. Not going to be a good day tomorrow in the markets.[/quote]
Nope, still have both NAIL and NFLX 2024 calls. I’ll probably sell in a year and a half. NAIL calls are up and NFLX calls will be down tomorrow. Expecting my NFLX calls to be down about 40% tomorrow. You win some and you lose some. But they’re all paper win/loss until I sell. That’s what you told me, right?

[an]

[quote=Coronita]I’m not sure if $6k/month in MM is doable yet. I’m not saying it isn’t, I just don’t know. Could be with the right house.[/quote]
$6k-6.5k is possible for the newer houses at the corner of Camino Santa Fe and Calle Cristobal as well as the 2500ish sq-ft houses in 3Roots and some of the view lots West of MM.

[an]

What’s interesting is, according to Redfin, the rent estimate for that Sunnyvale home is only ~$6k. Houses in Mira Mesa with similar rent estimate from Redfin (trying to keep variables as close to the same as possible) is going for ~$1.3-1.4m.

[an]

[quote=limkotir]New high SFH price for 92126 is in – $1.61m

https://www.redfin.com/CA/San-Diego/7785-Norcanyon-Way-92126/home/4557024%5B/quote%5D
That was quick!

[an]

The rate of increase is pretty amazing. Hopefully, we’ll see 7% mortgage and 5% CD soon. Would love to see a massive crash in the next 6 months. Especially in the home construction industry and material cost goes back to where it was in 2010.

[an]

Too bad NAIL didn’t get back to yesterday’s high. Maybe it’ll do it tomorrow.

[an]

[quote=sdrealtor]No weakness here. 3 more houses went pending in last day with more to follow soon[/quote]
Houses are still flying off the shelves. There are only 3 houses on the market for more than 10 days and 0 are on the market for more than 2 weeks.

[an]

[quote=sdrealtor]You are delusional if you think a crash is happening right before our eyes. In a crash all asset classes are plummenting and nothing like that is happening. What we are seeing is growth stock correction and the typical sector rotation into value stocks on Wall Street. For example LLY and ABBV are close to all time high. XOM is back to levels it hasnt seen in years and close to all time highs. Just spoke to a friend in the scrap metal business today. He’s never had it so good.

Real estate is at all time highs with multiple offers still the rule. Are you reading the weekly reports I post? That is data not hopes and dreams, its what is happening on the streets here and now. You are hoping for things and imagining them. None of us are saying things wont go down and yes a crash is always a possibility. But nothing out there says crash at the moment.

And if there is one those of us who have dedicated ourselves to invest wisely over the long term will be poised to exploit one. We operate in the real world while you live in the land of hopes and dreams.[/quote]
Don’t be a party pooper!

I’m very hopeful that deadzone is right and I can have one more chance to pick up a couple more houses at 2019 level. I am kicking myself for being too skittish in 2019-2020.

[an]

[quote=deadzone][quote=an][quote=Coronita]
But that’s not in the money!!! fake news![/quote]
LoL, yes, I’m no longer in the money. But I’m in the green. Is that good enough?[/quote]

So not going to take advantage of this dip to buy some more?[/quote]
I’m waiting for the dip that you’re promising me so I can buy another house.

[an]

[quote=gzz]NFLX is overvalued. The main thing they do is bundle streaming content. There’s no moat around this, and content providers like Disney, HBO, Discovery/WB and Paramount are cutting out the NFLX middleman.

Netflix is kinda like TimeWarner cable, except TW only has to compete against ATT cable and DISH.

Also, NFLX is competing 100% with Amazon. How has that worked out for other companies?

They will do fine long term, but gradually decline as just one of many streaming companies. Their margins were helped for a long time because they were the gorilla in internet distribution and could buy content at good prices. But now they have to bid against all the other services, and are locked out of a lot of the content like Disney.

ATT just spun off to its shareholders DiscoveryWB, and I will sell isoon for similar reasons while keeping ATT.

Besides competing with Amazon, Netflix also has to deal with the newer services all being willing to discount deeply to unprofitable levels to get their initial customer acquisition.[/quote]
I guess we’ll have to wait and see. Currently, both revenue and profit margin have been increasing for the last 4 years.

[an]

[quote=Coronita]
But that’s not in the money!!! fake news![/quote]
LoL, yes, I’m no longer in the money. But I’m in the green. Is that good enough?

[an]

[quote=deadzone][quote=an][quote=deadzone][quote=an] I don’t bet on one direction or another.[/quote]

You literally just placed a bet that Neflix was going to go higher.[/quote]
Thank you!!!! for bringing my attention to NFLX. Up about 18% in less than 2 days. The question now is, should I sell and capture my 18% gain?[/quote]

So did you sell? NFLX back to about where it started. Or are you going to take advantage of this temporary dip and double down with some more Calls?[/quote]
Nope, haven’t sold yet. It’s a 2024 calls, so I have plenty of time. I’m still up $626 (8.9%) so far. Was much higher last week, but I’m still in the green.

[Author]

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