About SFace


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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 Mon, 2 May 2016, 9:23am PDT in You should ALWAYS roll over your employer 401k into a self-directed account, SFace said:

    If your employer does not offer a low cost index fund like the Vanguard, you should tell HR it is unacceptable.

    For retirement funds, it is dangerous to buy/trade individual stocks. Most will just need one choice, a low cost index fund and a small mix of medium term bonds.

  • On Tue, 26 Apr 2016, 11:00am PDT in WSJ ideas for making housing affordable again, SFace said:

    jazz music says

    From 2012-2015, there has been more inventory than at any point in time from 1999-2005. Low sales growth is due to demand, not supply. Demand is low because buyers have insufficient incomes and assets – and this is due to demographics, debt and the Great Recession.

    Prices ran up what 60-100% from 2012-2015. If that is your reason, renters will be driven to the ground. (If you claim low demand and prices are bat shit crazy) It's quite obvious that high housing price is due to shortage of real homes ()in desirable areas) and especially homes for sale (in desirable areas).

    zzyzzx says

    No, it isn't.

    It's a good problem to have. Lets put it this way, do you want to be Palo Alto or Vallejo mayor? housing is a social science and its very predictable how people (profile) choose where to live.

  • On Mon, 25 Apr 2016, 7:11pm PDT in WSJ ideas for making housing affordable again, SFace said:

    The only way to bring affordable housing is new supply, like gigantic amount.

    That will never happen because high housing cost is a desirable problem. Don't be silly, cities like Palo Alto love high home prices and there is no way in this green earth they will change that.

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