patrick.net

JFP says

Assume the real inflation rate for the last 10 years has been 10% per year. What then is the correct price for a house? 2000 + 10%/year increase?

for the most part we were past the bubble in 1998 to 2000 prices doubled in SFBA.. we (SFBA) already saw prices double and double again...

so you see.. even with 10%.. prices were already way above your numbers.

as for inflation being over 10% .. well good luck on that...

New Renter says

RentingForHalfTheCost says

CDon says

out of curiosity, are you now tripling down on your lie, or do you not see (a few pages in) where it shows the address, 573 tawny drive and the word "leased" next to it?

http://www.craigpm.com/Nav.aspx/Page=%2fListNow%2fDefault.aspx%2flstStatusID%3d20

Funny, no one has provided a link that show it. What a bunch of clowns you are.

I understand - web browsers are beyond your abilities. Here you are!

Place is still vacant with no renter. Guess the owner would rather it sit idle than risk the damage a renter would do to the place. It is like money going down the drain. Hope you are not invested in that REIT.

This blog is so polarizing. So I'm just going to put my spin on the comments related to this thread. If your making a combined income 240,000 dollars a year you can afford a house in a nice bay area city. If your don't make this much you have to settle for a part of town that you might not be happy living in. If your rich it does not matter live in the city of your choice. If your single get a roommate and save a ton of money. If you want to start a family and you make less than 240,000 k a year then move to cheaper place or live in a less desirable place in the bay. Live simply, be happy and help your neighbor.

Tim Aurora says

So you have to take his predictions with a grain of salt

He's really careful to not make predictions. In all the videos, interviews I've watched/read he's made one or two statements that could reasonable called predictions. I suggest you work on your power of observation. Read/listen to each word and be careful not to apply your own interpretation or that of the headline/interviewer.

I suggest I work on my power of typing.

RentingForHalfTheCost says

I understand - web browsers are beyond your abilities. Here you are!

Place is still vacant with no renter. Guess the owner would rather it sit idle than risk the damage a renter would do to the place. It is like money going down the drain. Hope you are not invested in that REIT.

Today, it is still vacant. No one willing to rent this place even though the rent is a fraction of the ownership cost. Gives me a lot of faith in the market. I contacted them asking if I could use it for when I have a bunch of relatives in the area. There were obviously pissed I asked. I can sense the frustration they are having with this place. Every month thousands of dollars down the drain. It'll probably be on the market again forsale soon.

Only in Sunnyvale and Mountain View are rents going up. Thats why I am moving to San Jose next year. Rents are 500 a month cheaper!

egads101 says

thanks! clearly you really understand real estate investing! do tell us more!

Bob, give it a rest.

We've gone over, and over, and over the same set of concerns you have about my business, which you know nothing about.

I make more money than you Bob.

Tell us all again about your million dollar equity, and $6K in passive income. It never gets old.