About bg

bg


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46 threads
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Pacifica, CA
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In United States
Registered Aug 25, 2010

bg's most recent comments:

  • On 18 Apr 2014 in The Housing Recovery That Never Was is Over, bg said:

    I have 5k to invest outside of housing right now. Where would you suggest that I put it?

  • On 18 Apr 2014 in Five groups that lie about the housing market, bg said:

    CaffeineAddict says

    Not a bad list. Like many others, I sat and waited, thinking housing prices would drop or stabilize. Instead I just watched rents and housing prices go up and up. Seems like 2011/2012 really was the year to buy.

    I see all these charts posted here that talk about housing prices going down, inventory up in California for example. Yet in the Bay Area, all I see is prices going up, houses being sold and snatched up usually within 2 weeks. Rents keep climbing as well.

    Oh well. Sat in the sidelines too long. Made the same mistake with the stock market by partially switching to cash/bonds after DOW reached 13,000, thinking there was no way it could go beyond that again. Boy was I wrong, QE-infinity wrong.

    I sat it out for housing, too. Probably it was a mistake. Maybe not. I didn't sit out the stock market, so maybe that offsets what I failed to gain in housing,

    No one has a crystal ball. We do what makes sense to us given the information that we have. That is the best you can do.

  • On 17 Apr 2014 in The Housing Recovery That Never Was is Over, bg said:

    smaulgld says

    Last i heard jo jo left his home in Tuscon Arizona for some California grass

    He has been back in the last few days. He was away working on his taxes. I think he lives in Concord, CA.

    Personally, I think you should be right in your predictions. My sense of right and wrong are consistent with what you write and predict. I also see that your ideas are at odds with his.

    I do have to respect that he has made some good predictions in the recent past. If you can believe what he writes (and I tend to give people the benefit of the doubt until they force me to do otherwise), he has made some money in real-estate using his beliefs about the market. Of course, we haven't reached the end of the story, but I don't see him hiding out. I guess time will tell.

    He, E-man and PKennedy seem to have made some good predictions and made some money. Again, I do't think the craziness of this market is "right" and I do think there is a lot of myth, smoke, and mirrors behind this "recovery", but their predictions and reported purchases do seem to have served them well.

    For a variety of reasons, I sat things out from 2009 to until now. It would appear that perhaps I have made the wrong bet. I haven't run off to hide in shame. I think the bet you place in real life is far more costly than the one you make with a stranger on the internet. At the end of the day, all of us have to live with our choices in real life.

    I appreciate your posts. I hope things go the way you predict :-)

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