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limkotir
Participant[quote=gzz]Mstr down 22% today, coin -18%, tesla -7%, sq -14%.
Maybe I can stay solvent longer than the market can be irrational![/quote]
Keep clam and carry on. If you liked the prices you paid for those stocks before, you should love the current prices!
ParticipantYou may appreciate Dave Lee on Investing, just be aware he’s a perma Tesla bull, while still does a good job presenting counter-arguments. In his this morning’s video, he addresses the Tesla vs. the combined top 12 auto makers’ market valuation topic:
Tesla Stock is Overvalued. Or Not. (Ep. 597):
ParticipantMSTR and Grayscale appear to be one way to play the bitcoin exposure. No one knows what the future holds, so good to have a little exposure to everything.
Yep. I think you’re referring to the side-by-side bar chart of Tesla vs. top 10 + more legacy automakers by market value.
I mean, if you had to buy one, which one would you buy? I would definitely buy the bag of legacy companies for the value, but Tesla might truly conquer the world with its Level X autonomous driving, data center, and image based AI driving software — just think of the value it can bring for folks living in the ex-urbs who commutes M-F, and the dynamics in real estate landscape(!!!); folks can jump in, do work, or nap, during their commutes.
Tesla could also scale into insurance, entertainment distribution in its infotainment system. Tesla is already fairly well vertically integrated from their energy production (Solar City), storage (Tesla Battery), distribution (Tesla grid-scale batteries), and utilization (Telsa cars / SUVs / Cybertruck).
Don’t listen to what I say, as when it comes to stocks, I tend to just buy the index, plus some hand selected picks, and accept my fate there! haha
Participant[quote=sdrealtor]Gonna throw out a number. Should see around 30+ new pendings on update next Tuesday[/quote]
Look forward to your weekly updates on the tracked zip areas and color commentary!
ParticipantMy thoughts on your stocks (not even worth $0.0001):
TSLA – this either will 2-3x from here, or stay in a trading channel for the next few years due to the rich valuation. TSLA is a polarization stock! If they truly achieve and dominate the autonomous driving with their tech, look out!
WE – they are public? Oh they are, back in late 2021. I feel a lot of the wind in their sail was taken off while they were still private and go a huge devaluation.
LYFT – no opinion, generally not a fan of gig economy companies
SQ – I am looking to scale into SQ
MSFT – I hold shares
COIN – no opinion
DASH – see lyft
UBER – see lyft
NET – Cathy Woods ARKK type of holding. I always think of FSLY, SNOW, DDOG when I see NET
CVNA – if they cannot turn a profit during the inflated used car price time period, how are they ever going to do that in “normal” times? I used to hold SFT before I sold and took my losses at around $7/share, I think it is now $3?
Stocks may be in the late denial or panic selling phase, haven’t felt there is a real capitulation on the boarder index yet, but definitely on those hyper growth + no profit companies — I do think out of the ashes, there will be some gems that will arise to be 10x or more 30 years from now, could it be TDOC, SHOP, RBLX? Who knows!
I typically do best buying profitable and growing companies with cash flows that just fell on a company specific issue that are correctable within couple quarters or years. A good example is hotels, did you see Marriott and Hilton are both trading near their all-time highs, a world of difference vs. 2020.
I believe EPAM, which I mentioned earlier fits the mold, the minute Ukraine war ends, that stock will pick up 25% to 50% from here — the world needs cheap software / tech engineers from Eastern Europe that cost 25% to 50% of your tech bros in Silicon Valley.
ParticipantNice property and location. Would go for list price + some more.
Does a sunroom require permit?
Having looked at some MM houses, it seems like there have been quite a bit of non-permitted work done to the non-HOA in many 1970s SFH by prior owners.
What is the corrective action or treatment by the County on a property that added on 250 sq feet of unpermitted living space? Or because of the hot market of 2020-22, sellers are making buyers take off all non-contingencies.
Participant[quote=sdrealtor]Didn’t someone predict this here two months ago? I wonder who?
Adjustable-rate mortgage demand doubles
https://www.cnbc.com/2022/04/27/adjustable-rate-mortgage-demand-doubles-as-interest-rates-hit-the-highest-since-2009.html?__source=iosappshare%7Ccom.apple.UIKit.activity.MessageIt’s only just the beginning! Bring on the adjustables![/quote]
For those starter SFH (or likely condos / townhouses) buyers expect to grow their earnings in the coming years, ARM might not be a bad way to go to get into the SD market, then sell the property 5/7/10 years down the road via 1031 exchange into a destination house / zip area.
Participant[quote=limkotir]https://www.redfin.com/CA/San-Diego/7852-Tampico-Ct-92126/home/4570382
The above beauty went into pending…in normal times, would have been a decent first time buyer and courageous DIYer purchase. If I had to bet, a cash offer with no contingences probably took it into pending status.
I am guess it will sell for $825K, any over and under calls?[/quote]
3/30: listed for $745k
4/23: sold for $906kI said $825k
an said $875k
sdrealtor said $860kParticipant[quote=gzz]Interestingly, the La Jolla premium over other central coastal areas for SFH rentals seems to be going down.
Looking at rent v buy, buying a 1.5m-ish house still seems to be the better option. Not the slam dunk of prior years, but still better.[/quote]
What are the numbers and assumptions behind your claim buying is still better, curious to hear about it, if you don’t mind giving the reader’s digest / TLDR version.
ParticipantYep, I think there are opportunities in Eastern Europe too. I dipped into EPAM, which has been battered due to being a tech company and many of its workforce being in Ukraine.
Think of them as the Indian Infosys for outsourced work for global tech companies.
https://investors.epam.com/static-files/5ff105c3-64ef-497b-89e0-4fc7da8f432f
Participantdupe see below
Participant[quote=gzz]My longs went down. My shorts went down.
YNDX was a disaster, it is still a functioning and profitable company but cannot be traded in the USA and probably my shares will be seized by Putin. In Moscow it trades for about $20. I wish! There’s certainly a chance the status quo returns and it goes to $120.[/quote]
I was going to ask you, YNDX on Yahoo Finance was last updated on Feb 25 at $18.94/share, what does it say in your brokerage account, $0? or reflecting that price but you cannot sell.
RSX ceased to exist shortly after the Ukraine invasion, so another frozen asset right there?
My condolences. Just about all of us participating in the market with long position, to some varying degree and myself included, are feeling the pain right now!!
Participant[quote=flyer]It is interesting to see the unique caliber of some of the homes coming on the market. Can’t imagine selling any of our properties with all of the benefits to us now, and then to our kids, going forward, but I imagine the sellers have their reasons.
So many articles now trying to second guess the future of the housing market, per:
San Diego is extraordinary, so the results may differ from other locations in the country. Guess we’ll all just have to stay tuned.[/quote]
I mean, at some point, you have to cash out and enjoy life a bit, right?
“If I don’t fly first class with my savings, my kids will…”
Kinda sorta interesting read for those have the energy or time – The Nothingness of Money:
Participant[quote=limkotir]8576 Andromeda Rd
https://www.coldwellbankerhomes.com/ca/san-diego/8576-andromeda-rd/pid_45743569/
(Contains the old pic of the house)
Sold for $750K on 2/10/2022https://www.redfin.com/CA/San-Diego/8576-Andromeda-Rd-92126/home/4527421
(Contains the new flip job pics)
Will list for $1.374m this Sat (~40 days later) with a flip job. Probably will sell around that price.This is what people are battling in older neighborhoods such as MM.[/quote]
This house was removed from market a few days ago, then relisted at $1.2M (instead of the prior $1.374m) and immediately went into pending… guess $1.374m was bit aggressive, or was it? Guess we’ll find out in a few weeks.
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