About 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 14 Sep 2014 in Average Profit for a Rental?, SFace said:

    The averrage net worth of a homeowner is anywhere from 30x to 40x more than a renter. Landlords are rich, renters are poor. If there is a chance to own, own. It does not matter anywhere. Cap rates are high or low for obvious reasons.

    Like any business, understand permanent, fixed cost is the key. Texas, a state with high property tax and high maintenance as a % of rent is bad, and that is reflected in the lower price. Ca, a sate with low prop tax and maintence as a % of rent is good and that is also reflected in the price. Low fixed cost to maintain an asset and easy source of customer is the key to own it forever which drives value long term.

    Housing is the only business in the world that a mom and pop can kick reits ass or large enterprises. No need for scaling or any special expertise.

    Instead of asking a question on patnet, all you need to do is read the 10k from Avalon bay, equity one, or even silver bay. A mom and pop beats their return by 100%

  • On 13 Sep 2014 in Nevada gives $1.3 billion to Tesla but can't afford a medical school, SFace said:

    States and county competing with each other. You would think govt should not compete with another govt. Guess not. Only in the USA.

  • On 12 Sep 2014 in Dear iPhone 6 users, welcome to 2012!, SFace said:

    IPhone 6 will sell well due to a long overdue size bump.
    It's i7 that's problamatic. The products are becoming a commodity. There's just little difference now so those lofty industry leading margins will surely come down from here. The iPhone6 is the exact same shit as all the fagship phone now. The finish is no different than the htc m8. It's worst than any of the android flagship as far as resolution and specs.

    This is the first time I feel bearish for apple as this may be it for product pipeline. It's getting gimmicky to grab revenue with beats by Dre, etc. Att, Verizon may finally have some levergage. Iwog is right. The i6 has nothing. It will sell amazing but in 6 months, it would be pretty clear there is no difference. Or worst, a cheaper built phone than the rest. All signs point to it.

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