- On 22 May 2013
in
Crashing gold price is about physical demand, NOT paper,
Facebooksux said:
Same analogy if gold ever gets to $1000.
How is that the same--you can't live in a bar of gold
You can't live in a suitcase of Bernanke Bux either.
Stop trolling - On 22 May 2013
in
Peninsula Experts Get in Here Please,
Facebooksux said:
Hate to disappoint, but nightlife anywhere on the peninsula (not counting SF) is a letdown. Take it from a guy who up until about a year and a half ago was single.
- On 22 May 2013
in
Crashing gold price is about physical demand, NOT paper,
Facebooksux said:
About to head off to work, so I'll keep this short, but think about this:
If the median price of mansions in Los Altos Hills, Hillsborough or Blackhawk suddenly dropped to $750,000, do you honestly think that you'd be able to get in line to get your hands on a few?
Same analogy if gold ever gets to $1000.
- On 21 May 2013
in
Is real estate bubble 2 showing some strain?,
Facebooksux said:
Nor do I.
The best is how their finance minister is begging people not to buy gold.
You know, he's merely a politician/banker looking out for the people.
- On 21 May 2013
in
My First Las Vegas Billionaire Sighting Steve Wynn at the Encore,
Facebooksux said:
I stayed at the Wynn and I agree. It was a beautiful hotel and the food there was excellent, from the ordinary take-out cafes to the Chef's tasting menu at Bartolotta's. I've been wanting to go back this summer just to stay there again.
- On 21 May 2013
in
Is real estate bubble 2 showing some strain?,
Facebooksux said:
Obviously, you need a lesson in modern economics and trade, but I am here to help:
the Chinese sell us:
1. toxic lead based painted childrens toys.
2. toxic dog food that kills dogs.
3. toxic dog biscuits that kill dogs.
4. toxic toothpaste that causes cancer.
5. fake counterfeit shampoo laced with sulphur.
6. baby formula with ground up chalk in it, plus possibly melamine.
7. Milk with cancer toxins in it.
8. Rice with plastic in it.
9. cheap computer and phone batteries that burst into flames.
10. Fake drugs that are either ineffective, or poisonous.
11. Sulphur dryfall that ruins your house and stinks.We sell China toxic mortgage loan backed securities.
Thank buddha we have toxic loans, otherwise the toxic trade imbalance would be even worse!
I never thought I'd say this, but you are quite correct on nearly all fronts, except we sell china toxic treasuries.
However, China has stopped buying treasuries and is going to eventually dump the dollar.
http://www.zerohedge.com/news/2013-04-11/tic-tic-tic-ominous-warning-foreigners-us-bond-positions
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZbHuX9q8gI
http://www.wnd.com/2013/04/australia-to-dump-u-s-dollar-in-trade-deal-with-china/
- On 21 May 2013
in
Is real estate bubble 2 showing some strain?,
Facebooksux said:
If doctors are earning 45000 in 5 years, you're all fucked.
I say that as a doctor.
- On 21 May 2013
in
Is real estate bubble 2 showing some strain?,
Facebooksux said:
I agree with your premise of scavenging blown out assets. It's a wise strategy to "Buy when the streets are running with blood."
HOWEVER, and this is abundantly clear in every other post by Eman and Roberta, the leverage you guys use is made possible by ZIRP and borrowing as much as you can for as little as you can. You just refinanced one of your places.
Did you put 50000 from your savings or borrow from Ben at 1.9% interest?
- On 21 May 2013
in
Is real estate bubble 2 showing some strain?,
Facebooksux said:
It sounds like the architects of this heist should face imprisonment.
That heist is the only thing that kept the economy going. The government indirectly paying off all the slumlords like E-man, Roberta "Nacho" Ribas, gbenson and myself by way of ZIRP is the only thing "keeping" the economy going now.
Fixed :D
- On 21 May 2013
in
Selecting a good investment advisor,
Facebooksux said:
I just sent you a friend request. If you befriend me, we can send PM via e-mail.
PM sent
- On 21 May 2013
in
Selecting a good investment advisor,
Facebooksux said:
There are, but they're not the rejects that work for Fidelity or Scottrade.
You'll need to be relatively high net worth, and they charge a commission, but if you're too busy to actively manage portfolios, it's a way to go.
- On 21 May 2013
in
Diamond Foods,
Facebooksux said:
As long as you can buy their stuff with EBT---> GO LONG!!!
- On 21 May 2013
in
Selecting a good investment advisor,
Facebooksux said:
I have a few names for you. Can we send PMs on the site?
- On 20 May 2013
in
Is real estate bubble 2 showing some strain?,
Facebooksux said:
By definition, this makes you a slumlord.
Nope, looks like you're wrong. Illiterate people such as yourself should refrain from defining words.
How can I be illiterate when I'm posting such a witty repartee??
- On 20 May 2013
in
Is real estate bubble 2 showing some strain?,
Facebooksux said:
Are you all of the opinion that potential first timers will continue to pay higher and higher rents without wage inflation? How?
Lifestyle changes. I just rented my largest home to a family with four wage earners.
By definition, this makes you a slumlord.
- On 18 May 2013
in
The end of the gold bubble,
Facebooksux said:
http://hkmerc.com/en/Media-Centre/Press-Releases/HKMEx-Voluntarily-Surrenders-Authorisati.html
- On 18 May 2013
in
Pump prices zoom above $4 average across California,
Facebooksux said:
Thanks Ben!!!
- On 18 May 2013
in
6324 Lillian Way, San Jose,
Facebooksux said:
Excuse me? Double the price in one year?
Allow me to channel iwog:
Ahem....
"WITH INTEREST RATES AT SUCH RECORD LOWS, YOU COULD OVERBID ON THIS HOUSE BY 400,000 AND STILL GET MORE HOUSE FOR YOUR MONEY THAN ANY TIME IN THE LAST 32000 YEARS"
- On 18 May 2013
in
1104 14th Street Oakland CA 94607,
Facebooksux said:
Are you daft?
You realize this is in WEST OAKLAND? I'm sure the "crime map" of Kabul doesn't seem so bad either.
The doors have BARS on them.
Enjoy your muggings and home invasions.
Seriously man, stay the hell away.
- On 17 May 2013
in
The housing bears are rightfully frustrated,
Facebooksux said:
So unless your assets are owned free, and clear, unless you are debt free,
you have no wealth to talk about. You're leveraged, and talking like that is a
smart move, it's not.
nominated.
The most admired enterprise/investor in America, Berkshire/ Buffet has 63B in debt in the form of notes payable.
Wealth is powered by debt. Only an idiot like David Losh thinks cash leads to wealth. Everything valuable in America/in this world has a note outstanding attached. (Ala Moana mall, Ceasars Forum shoppe, Sears Tower)
Warren Buffet would be detailing my car right now if Uncle Sam didn't bail him the fuck out.
- On 15 May 2013
in
U.S Economic Growth, Dropping QE3 - YouTube,
Facebooksux said:
C'mon Roberta,
Get of the government's nuts.
That's like saying "I've only got 3rd degree burns on 75% of my body instead of 100%!!"
Guess what? You're dead either way. The only thing contributing to your statistic is the absurdly low interest rate. Guess what happens when it goes up?
That's right. Debt becomes unserviceable. Ergo, full speed ahead with the printing presses.
- On 15 May 2013
in
Can't enjoy my coffee without Realtor's in the store,
Facebooksux said:
Simply raise your hands in the air, look up to the sky and start saying,
"ALLLAH WAKBARRRRRRRRRR"
over and over again
I guarantee you the realtards will leave.
However, you may get droned...
- On 15 May 2013
in
U.S Economic Growth, Dropping QE3 - YouTube,
Facebooksux said:
QE is, however this austerity crap is flushing all the benefits of QE down the toilet.
QE is a band aid until the economy can heal, only Congress seems hell bent on keeping all the wounds open.
http://www.cdobs.com/archive/featured/battling-the-bears-over-quantitative-easing/
Sure, let's let everyone take out cheap loans on cars and mortgages. It's gonna end up great!
http://www.zerohedge.com/news/2013-05-15/subprime-20-auto-loan-deliquency-balances-rise-24-yoy - On 11 May 2013
in
Getting Clobbered In Oakland,
Facebooksux said:
Not all areas of Oakland are violent and dangerous. There are some really nice areas that are great and did offer good alternatives to paying to live in SF.
True.
The VAST MAJORITY of Oakland is violent and dangerous.
- On 8 May 2013
in
Read this if you think silver is going to the moon,
Facebooksux said:
It means he's grasping at straws, trying to blindly and fervently defend the economic status quo.
When I stop being right and you stop being wrong, feel free to comment.
Way to dodge a well-reasoned response to your assertion and resort to ad-hominem attacks.
Not surprising though.