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Registered Sep 02, 2012
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JFP's most recent comments:
- On 22 May 2013
in
Peninsula Experts Get in Here Please,
JFP said:
I'd either stay where you are, or just get a cheapish place in San Mateo or Foster City and drive for your nightlife. You aren't going to get much of that in the Peninsula. - On 22 May 2013
in
Fiserv - Moody's Case-Shiller Forecast - SFBA,
JFP said:
RentingForHalfTheCost says
tatupu70 says
RentingForHalfTheCost says
The 9yr figure factors in the shadow inventory
The 9 year figure was complete BS as many on here told you. You have to be careful when you see estimates for shadow inventory that include all underwater homeowners--the vast majority of them aren't going to walk away.
I still disagree with anyone on this issue. The shadow inventory is very real. Highly manipulated, but real.
Regardless of how much there is, as long as shadow inventory remains in the shadows, it hardly matters. Is your theory that the manipulators who have managed to keep all this inventory on the market suddenly going to stop manipulating? - On 5 May 2013
in
Renting For Half The Cost Is a Mega Troll,
JFP said:
It's a waste of time arguing with RFHTC. On one thread, after he claimed to be able to pay his rent just from his dividend stream, I calculated that he would have had to earn 12% on his investments every year since 1999, assuming he consistently invested ~$1,000/month every month of that time, and paid no taxes. Despite this being a better track record than 99.9% of professionals, he blithely claimed that was exactly what he had done. No details of course, because on some threads he goes on about covered calls, some it's due to investing in gold, and some he claims to buy houses, but just not in the Bay Area. None of it is real, so why waste your time?
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