About JFP


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Registered Sep 02, 2012

JFP's most recent comments:

  • On Mon, 3 Feb 2014, 2:57am PST in Can't believe prices have doubled in 2-3 years, JFP said:

    FunTime says

    An excellent illustration of the difference in approach to the issue. I would argue the other way. "Who can afford to base housing decisions on less than 30 year time horizons?" I didn't inherit any money, so compound growth over time is my only chance at having any. I'm not a bear. The math says that I'm better off renting in my situation. My situation is unusual, however, since I choose to live in San Francisco and we have such an usual cost of housing.

    If you think you know what is going to happen in 30 years in either your own life or housing, then you are seriously deluded. 30 years before now was 1984. How many people then, got even 1994 right? Never mind 2014.

  • On Sun, 2 Feb 2014, 3:08am PST in Can't believe prices have doubled in 2-3 years, JFP said:

    FunTime says

    Please let's not fall victim to this idea that a market is called in two or three years. Talk to me in thirty.

    This sums up the uselessness of the bearish advice on this forum. Who the hell can base housing decisions on a 30 year time horizon? And/or wait 30 years to see if the prediction is correct. He almost certainly won't be in the same house in 30 years.

  • On Fri, 31 Jan 2014, 10:41pm PST in Is San Francisco, the most overvalued US housing market, going to crash?, JFP said:

    thomaswong.1986 says

    Maybe not.. but certainly there are many California Jobs today in Washington, Oregon, Texas, Minnesota... Many CA companies employ more in other states than at home. No assumption, just go to any CA Tech company and look up the Career page...

    That's true for some companies, but it is not true for all. There's plenty of hiring going on in SV/SF right now.

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