About SFace

SFace


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In United States
Registered Dec 02, 2009

Your whole life is summarized by the credit card you carry.

You have your debit card,
you have your no benefit credit card,
you have your gold, platinum and black card.

My old boss and father-in-law carries the Amex Black, which inspires me to work on the same. It says a lot about yourself and what you demand of yourself. Some poeple want surf and turf, some wants caviar and Foie Goie yet some just want a full stomach.

What do you want in your wallet?

SFace's most recent comments:

  • On 24 Jul 2014 in there you go...june existing home sales, SFace said:

    I shopped my rental in Hercules last Sep. During the process out of 10 applicants., 9 were planning to buy within 2 years. They are simply in credit jail or waiting for a little more cash.

    When my renters are buying, it is time to sell. That time is not now as the same 2005-2007 buyer will be buying in 2015-2017.

    I'm thinking 2017.

  • On 23 Jul 2014 in More than $100,000 increase. Are you kidding me ??, SFace said:

    Dsdf4 says

    Wait, are you really saying that if mortgage rates went to 8%, home prices would go up?

    the ride between 3.25% to 8% wil take housing to another level.

    Interest rates rise due to market condittions (slow inflation which is always house/rent inflation). by the time you see 8% interest, (which is not possible in the short/medium term anyway), housing price will be a lot higher than today. Then it will be a shitty time to buy.

    High interest rates are always the shittest time to buy. Think (cycle) peaks of 2008, 2000 and 1990. Prices zoomed in 2003-2008, 1997-2000 and again 1987-1990. If you are waiting for high interest rate, you will be devastated.

  • On 23 Jul 2014 in Doubled up on FB, SFace said:

    Goran_K says

    SFace says

    The way I see it, FB can be a 40% operating margin business. If you slap a 40-50% growth for the next three years, we're talking about a 15B dollar busines with operating profits of $6B or $4B net of tax.

    lol hahahahahahahahahahahahahahahahahahahahaha

    well, here it is about a year later

    http://finance.yahoo.com/news/facebook-reports-second-quarter-2014-200500433.html

    46% operating margin and on track for 6B+ in pre-tax income. growth is 60%. I though it would take 3 years, but looks like FB will make 6B in 2014 not 2016

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