patrick.net

Facebooksux says

E-Man is openly professing that he's Ok from walking away from his financial obligations and stiffing his creditors and you're making it sound like it's the second coming of Adam Smith?

Well, dipshit, I've got some news for you.

Just who the fuck do you think ends up paying the tab for all those writedowns?

This is the same crap that got us into this situation in the first place and all it's gonna cause is more misery and financial ruin.

AF and I are gonna have our sights on you when Cannibal Anarchy comes.

I have to look out for the best interest of my family. If SHTF like some of you is envisioning, I have more things to worry about than keeping those depreciating assets. I pay taxes too so I guess I'm screwing myself over too. I guess it's not worth discussing with you if you don't understand how risk and reward work.

Bay Area,

If you're interested on how to seek out these deals, shoot me an email and I will share with you my approach.

PockyClipsNow says

Half the people on this board think if you 'make money its wrong and you are a crook'.

This reminds me of what Mitt Romney said yesterday and I'm paraphrasing here. People are apologizing for their success rather than celebrate it. I guess the guy has been attacked by the media for his success so it's time to strike back. ;o)

Squatting in East CoCo says

Lots of houses for sale in El Sobrante.

Squatting,

I just went on Redfin, and there are 14 SFHs that are active on the market. Like I said above, I don't know anything about the area. My partner and I can get slaughter on this deal, but we have a back up plan going in. So fingers crossed.

E-man says

This reminds me of what Mitt Romney said yesterday and I'm paraphrasing here. People are apologizing for their success rather than celebrate it. I guess the guy has been attacked by the media for his success so it's time to strike back. ;o)

Learn from your victory. Prosper from your failure.

Speaking of Romney, I was watching Eastwood's speech and I could relate. Everyone's got an invisible rabbit friend. Frank and Harvey are common names for invisible rabbits but Eastwood's got one named Obama. I once got a perfect score on my math test with the help of my invisible rabbit friend. Everyone knows that one thing rabbits really like to do is to multiply. That and sit invisibly in chairs and telling people to go F themselves. Now back to our regular scheduled programming...

E-Man,

I think you are doing great investing in real estate now. Aren't we all try to beat the system and want to become financial independent?

I would love to learn from you. I'm currently looking properties in Las Vegas. If possible, can we discuss further via email?

Thanks.

Finally a very simple question I can answer, Richmond will offer the greatest monetary reward over time.

To enjoy life now and advance your spiritual wealth, Southern Marin, Berkeley, and the Marina, San Mateo for some.

I know this place is a bit well, no other way to say it, loopy and wacked out at times I presume it is the nature of the beast. However, I must say I have a real serious problem with this title "Where would you invest in Northern California today with the highest return?" or these greedy fucking phrases like "money reward."

In my opinion it is precisely THAT bullshite mentality (which I trans. as: make that buck find that hidden buck in that property and milk it,) that I feel got the country and real estate in the fucking economic mess it is in right now.

Wow. Richmond California. Why not throw West Oakland in the mix too?

Ah yes, Richmond Real Estate. Part of my portfolio. Or at least, the part of Richmond that belongs to CVX. It's a nice position with a positive cash flow (15% federal rate at least for time being) , steady increase in valuation keeping ahead of inflation. No tenants to depend on. Legal liability buffered by the overall massive size of the corporate parent. Hyper liquidity, sub-leasable, and yes, for folks like eman, leverage-able. Wash rules are fairly liberal, providing opportunity for tax-managing some loss positions.

But its kind of humility to be a small fish in a big pond of a billion or so shares. If I were a coveting kind of person, well maybe something like shares is too intangible for my personal values. And then I don't have the opportunity to attach "Lord" (as in LandLord) to my identity.

Several possible future outcomes could make Richmond the highest return.
1) Gentrification - Old mellow hippies move in
2) Legalizing Marijuana - reduces violent crime
3) Chevron plant modification, or closure - creates jobs or makes a great new park
4) Ufo disclosure - Quick commute to future StarFleet headquarters

Darrell In Phoenix says

E-man says

We pick up a property for $220k. It's worth $300k.

No. It's worth $220k. Exactly what you paid for it.

This thread is another example of the lunacy. Untill people realise a house is not an investment or a money making machine the shite will never end.

B.A.C.A.H. says

Ah yes, Richmond Real Estate. Part of my portfolio. Or at least, the part of Richmond that belongs to CVX. It's a nice position with a positive cash flow (15% federal rate at least for time being) , steady increase in valuation keeping ahead of inflation. No tenants to depend on. Legal liability buffered by the overall massive size of the corporate parent. Hyper liquidity, sub-leasable, and yes, for folks like eman, leverage-able. Wash rules are fairly liberal, providing opportunity for tax-managing some loss positions.

But its kind of humility to be a small fish in a big pond of a billion or so shares. If I were a coveting kind of person, well maybe something like shares is too intangible for my personal values. And then I don't have the opportunity to attach "Lord" (as in LandLord) to my identity.

CRINGE I hate to inform you the language of your post is so robotic, so fucking corporate it just makes me want to BARF.

Facebooksux says

Well, dipshit, I've got some news for you.

Just who the fuck do you think ends up paying the tab for all those writedowns?

This is the same crap that got us into this situation in the first place and all it's gonna cause is more misery and financial ruin.

They will learn the hard way. It all comes back ten fold.

PockyClipsNow says

Half the people on this board think if you 'make money its wrong and you are a crook'.

I would say to these people: consider adopting capitalism.

No what half the people are against here is not making money they are against making money by hook "or by CROOK" as in causing society economic harm by making money anyway shape or form. Making money takes two routes. The routes being criticised here are those doing "whatever it takes and screwing whomever" just to make a BUCK ...that is both unethical and wrong. As when someone takes out major debt they cannot afford just to fuel their "I am rich" fantasies, when they know they cannot pay it off if their gamble hits the fan, and without responsibility or ethics knows damn well they plan to walk on that debt if all goes bust. I as a tax payer am paying for their shite.

So as regards your half-arse statement of
"Half the people on this board think if you 'make money its wrong and you are a crook'. I would say to these people: consider adopting capitalism."

I would say you are full of shite (ban me Patrick for insults I don't give a fuck because half of these people turn my stomach.)