patrick.net

Goran_K says

Wrong about what?

Ha! You have to be joking. I see why you piss them off so much.

I checked out of this when Goran went ad hominem on me simply for pointing out he was wrong about calculating cash flow. Apparently that landed me a label of being an official "real estate booster".

Again, life's too short to argue with whack-a-moles. I learned that lesson the hard way some years back here on p.net.

Goran,

you downloading photos of people's houses hundreds of miles away from your neighborhood to prove a point?

I hope your job is not drone pilot for the USAF.

B.A.C.A.H. says

I hope your job is not drone pilot for the USAF.

I actually think that would be a fairly cool job.

Why this hunter’s shade need garage door???

E-man says

Let's run the math

Run the math through your Liar Machine?

The TRUTH is that housing prices are falling when defaulted property is considered.

Even if you could rent for $2,500 in that part of EPA, getting tenants who paid rent on time would be very unsure and you would be looking at long vacancy periods between finding tenants. Especially because you can find equivalent rental rates in less dicey parts of San Mateo and Redwood City.

EPA is a speculative market, not one driven by rental cash-flow valuations.

I'm saying you won't get $2500 a month. And if you do, you'll only average that for 8-9 months a year with the rest being average vacancy.

Whatever. Make the same mistake Goran did if you also "just have to be right". I'm telling you that dropping a quarter mil on a POS is East Palo Alto is a sucker's deal. Go for it. Let us know how it works out.

I have a good friend who owns a good number of rentals in south RWC, East PA and San Mateo. It's very common for addresses in East Palo Alto to go vacant for 5-6 months of the year. If you're serious about buying there, I'll put you in touch with him so he can let you know what you're getting into.

Again to be consistent: paying $250K for an EPA property isn't foolish if you're buying for speculative purposes. But it's not a cash flow investment.

Yes, the rental yield is not sufficient to invest in East Palo Alto if you apply an appropriate risk factor (or high enough discount rate).

I don't think a lot of those homes are owner occupied, however, so I think it's really just stickiness plus speculation keeping the prices up. Not hard to believe given that this area is surrounded by mega-pricey SV fortressland.

It's funny when the people who fought tooth and nail with you, actually end up arguing your point for you.

Case closed.

robertoaribas says

You stoop to personal insults, heck you even tried to insult me for "looking almost 50..." which is actually funny, because I am almost 50, and nobody but nobody ever guesses that...

I wasn't insulting you for being 50 and ugly (in all honesty, you're not a bad looking 50 year old). I was trying to show you how silly it is for a 50 year old to call someone a "nitwit" or "assbiter" to try to get their point across, especially someone who claimed to be a lecturer at a major public university. I think if you really thought about it, you would agree that seems very childish and out of character for someone of your age.

Goran_K says

robertoaribas says

You stoop to personal insults, heck you even tried to insult me for "looking almost 50..." which is actually funny, because I am almost 50, and nobody but nobody ever guesses that...

I wasn't insulting you for being 50 and ugly (in all honesty, you're not a bad looking 50 year old). I was trying to show you how silly it is for a 50 year old to call someone a "nitwit" or "assbiter" to try to get their point across, especially someone who claimed to be a lecturer at a major public university. I think if you really thought about it, you would agree that seems very childish and out of character for someone of your age.

Presumably someone of your age is allowed to insinuate all sorts without any comeback.

Bigsby, I'm a very data driven person. If the data suggest something, I don't "insinuate" anything, I simply present a theory or case, and the data. I let the audience decide what it means, or whether they want to believe it. That's why I do the work I do.

For instance, in the Penthouse November 2011 issue, 12% of men polled said that they didn't consider tasting another man's semen a "homosexual" action as long as it was during the act of cunnilingus. Ponder upon that for a second. Your assumptions will not line up with the stated facts, that's why opinion is not a reliable metric in most cases.

and that's the reason people who own those addresses as rentals prefer to let them sit vacant 3-5 months rather than try to hustle it. You'll end up a statistic.

Bigsby says

that you were misrepresenting the data you used

I don't represent data, at all. I simply find the data. You can't represent something that stands by itself like data does.

Goran_K says

Bigsby, I'm a very data driven person. If the data suggest something, I don't "insinuate" anything, I simply present a theory or case, and the data. I let the audience decide what it means, or whether they want to believe it. That's why I do the work I do.

For instance, in the Penthouse November 2011 issue, 12% of men polled said that they didn't consider tasting another man's semen a "homosexual" action as long as it was during the act of cunnilingus. Ponder upon that for a second. Your assumptions will not line up with the stated facts, that's why opinion is not a reliable metric in most cases.

Yes, because everything you said was entirely objective and data driven and had absolutely nothing to do with hating to be proven wrong by someone else.

Bigsby says

Yes, because everything you said was entirely objective and data driven and had absolutely nothing to do with hating to be proven wrong by someone else.

Precisely.

Goran_K says

Bigsby says

that you were misrepresenting the data you used

I don't represent data, at all. I simply find the data. You can't represent something that stands by itself like data does.

You are joking right. You posted a house that had nothing to do with the area under discussion and deliberately tried to mislead readers. That is misrepresenting data.

Goran_K says

Bigsby says

Yes, because everything you said was entirely objective and data driven and had absolutely nothing to do with hating to be proven wrong by someone else.

Precisely.

Then you are deluded because anyone who reads the thread knows that is not what you did.

I have concluded goran is the same troll that's been here for the past 6-7 years under varying handles. Too many coincidental behavioral patterns.

My real question is, what is this meta-moderation thing you guys are talking about which was apparently abandoned? That sounds like a great idea. I'm sure with some tweaking it could work. If it's good enough for /. it's good enough for p.net.