[bobby]

[quote=CA renter][quote=bobby][quote=spdrun]If you think about it, it wasn’t such a hot year for NY-area real estate. Nor SFBA property. ;)[/quote]

SFBA went CRAZY this year. It was 10-30% 1 year gain in most areas.
I bought a primary residence but now looking for a rental. It had been insane. Holding off until things turn downward a little (hopefully)

http://www.mercurynews.com/business/ci_26514018/august-slowdown-hits-bay-area-housing-market%5B/quote%5D

I think he meant in ~2001, when the .com/stock market crashed.[/quote]

well… serves me right for not reading thoroughly before commenting.

[bobby]

[quote=spdrun]If you think about it, it wasn’t such a hot year for NY-area real estate. Nor SFBA property. ;)[/quote]

SFBA went CRAZY this year. It was 10-30% 1 year gain in most areas.
I bought a primary residence but now looking for a rental. It had been insane. Holding off until things turn downward a little (hopefully)

http://www.mercurynews.com/business/ci_26514018/august-slowdown-hits-bay-area-housing-market

[bobby]

I am protesting BF due to recent injustice in Ferguson.

OK… just kidding, I worked all day yesterday.

[bobby]

[quote=FlyerInHi][quote=harvey]

And it works both ways. Few people go to work every day to be charitable. They do it for the money.[/quote]

But like any relationship there are power dynamics. The side with relatively more power will have the upper hand and will make the rules.

One example: at will employees can be fired anytime; and the employees can “fire” the employer and leave anytime. But the truth is that employers will fire employees the same day. But the employee is usually expected to give 2-week notice. There is a clear power imbalance.[/quote]
you can up and leave.
“I quit”. of course that bridge is burned.
if one work in a small industry, burning too many bridges is bad for career unless that person is a known superstar.
in a big industry, not so much.

[bobby]

[quote=carlsbadworker]Anyone with half a brain should consider mainland China real-estate over-priced. However, most of the people in China seem to still think it is their sure road to the riches.[/quote]

10 years ago, most people in US “seem to still think it is their sure road to the riches.”
I guess it’s herd mentality

[bobby]

I don’t remember if I was allowed to plunk it all back into the market once we closed. Maybe I was allowed but by then the market had appreciated so much I felt foolish selling low then buying high. Ahh well.. win some.. lose some…

of course the bank doesn’t cover capital gain by selling.
luckily it wasn’t IRA. We have saved enough to cover teh 20% down and more but WF required that the extra also be liquid.
had I left the money in SP50, there’s no telling that I wouldn’t have pulled out once DOW hits 15000. I’m kind of a nervous investor that way.
I still am saving and just hoping for a big correction – who knows if it will ever comes.

[bobby]

UCG, I don’t know if 12500 will be reach ever. I may just be sitting on cash waiting forever.
I am lucky to be making decent income and save a fair chunk (growing up poor does that to you). Jumped in 08-09 and watched it appreciate. Now I kick myself every time I hear “the dow reached new high today”.

SDR, the bank is wellsfargo. The thing was, they required the 20% down to be liquid (cash) but also another extra $100K be pulled out of stock. when I asked why, the answer was “just the bank’s rule”. I also used another banker (US Bank) but the banker ignored me for weeks on end so I didn’t go with her. Wellsfargo’s banker was very good otherwise.

In the end I am glad I purchased 2 years prior b/c housing price in the BA has appreciated at least 20% since. I am just sore about teh lost opportunities.

[bobby]

I am just sorry I took all my money out 2 years ago. The stupid bank required my assets to be “liquid” to approve the loan. the fact that it was in stock was not allowed. I have been waiting to go back into the market but for the past two years, the price had been sooooo high. I’m just hoping for 12,500. not sure if that will ever happen.

[bobby]

if it’s a good tenant, I’d do nothing. Life is too short to deal with a bad tenant.
I’ve been on both sides of the coin. I have been a very good tenant. Landlord is an ass and raised rent anyway. “Good bye good luck dealing with the next person”. My next landlord liked my present and kept rent the same for 5 years. Only moved b/c I bought a place.
My family has a place for rent in Socal. Bad tenant isn’t worth the $100 extra you are going to get.

[bobby]

[quote=CDMA ENG]My two cents…

Get it. Nothing worse that being in certian lighting conditions and seeing your own damn eyeballs…

Went once without it and I won’t do it again. That being said I have a really good vision plan and get everything for almost nothing…

There are other upsells I wouldnt go for like UV protection. If your lenses are indeed glass then there is no need for it. UV cannot pass through glass.

CE[/quote]
virtually no optical shop sell eye”glasses” made of real glass anymore.
plastic or polycarbonate is pretty much that’s available now.
UV doesn’t pass through poly.

[bobby]

[quote=afx114][quote=bobby]afx, so people shouldn’t worry about gangs of teens to randomly target strangers just for kicks?
people shouldn’t be outraged over these senseless acts of violence?[/quote]

You could have asked that same question throughout any time period in history. Go ahead, be worried. Same as it ever was.[/quote]

Didn’t a bunch of people overreact over a, to use your words, “phony panic” when a teenager was gunned down while walking with skittles and ice tea?

I guess I should have told them that “Go ahead, be worried. Same as it ever was.”

[bobby]

afx, so people shouldn’t worry about gangs of teens to randomly target strangers just for kicks?
people shouldn’t be outraged over these senseless acts of violence?

[bobby]

[quote=spdrun]And if someone splits past you at 20-30 mph, guess what? You’re not a cop. Unless he’s pulling wheelies and riding like a squid, he’s probably just trying to get somewhere.[/quote]

we all are trying to get somewhere. Does that justify breaking the law?

also, someone is assaulting a child. guess what? You’re not a cop. does that mean the assault is not unlawful?

[bobby]

is this a repeated occurrence? I was under the impression that food place get a pass for a single occurrence.

[bobby]

Houses & money exchange hands, local realtor get paid spending money locally. local economy goes up – everyone benefits. Win-win situation.
doesn’t matter to me who the buyers are.
just adding $0.02 to the topic at hand of who is paying cash. I just observe that lots of Asians are visiting open houses.

[Author]

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