On Thu, 26 Nov 2015, 2:34pm PST
Happy Shitsgiving Patnet!,
Happy Thanksgiving to you and your family. Just calm down. It's unfortunate for sure. However, we have no one to blame but ourselves. Our lives are a direct result of our choices. If we don't like our lives, it's time we make better choices. Like a river, we cannot touch the same water twice. It's because the flow that has passed will never pass again. So enjoy and cherish every moment of your lives with your loved ones.
Like you, I found this site in late 2009. There's so much emotion involved when we discussed about housing. However, it's our job to screen out the noise and separate the smart ones from the dumb ones. Some people are still bitter about it until this day for different reason. That's not a good way to go through life IMO.
I found a real estate investment partner on Patnet, who has now retired in Natal, Brazil since February 2014 at the age of 40. Thanks to some good housing investments that we made between 2011 to 2013 which has enabled him and his wife to enjoy life now. He goes by the "pkennedy" handle. Let me see if I can ring him up @pkennedy. I have since moved on because the sentiment on this site is quite negative. However, Patnet will always hold a special place in my heart. This is where I met one of my investment partners and have made some friends.
While people are still yelling and screaming that housing is getting expensive, this has been my best year in terms of investment. My new partner and I picked up a total of 28 units in downtown San Jose for $4.615MM. That's about 165k/unit. Gross rents is about 451k/year while fair market rent is north of $580k. This is a direct result of "If I want something in my life that I've never had, I'll have to do something that I've never done." We all will have to do what we have to do UNTIL we can do what we want to do. What I want is to be able to spend my life in my own way.
It's sad that you and some others have realized Patrick's flawed advice too late. SF ace pointed this out many times in the past. It's unfortunate that the market has left you and them in the dust and now have to face the reality of being renters for life if you're sticking around here. Patrick's owner could uprooted him at anytime, that's when he would face the reality of cut throat rent on the Peninsula.
With that said, take it easy. Find peace within yourself. Happy Thanksgiving to all!