We are reaching another real estate extreme.
invite response
2014 Mar 3, 3:30pm 26,402 views 79 comments
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P.S. Long 500 sh SRS @17.76 for lack of better options
Do you understand how UltraShort funds work? Do you trade frequently?
Not another boring lecture about the decay in the ultra shorts. They are meant to be short term trading vehicles, so just trade them frequently. Still better shorting a sector than shorting any of the "new-tech" trannies that should trade at zero but are levitated in a rotating fashion by a stampede of "hedge-fund managers" chasing that yield.
Well, based on lot value plus residual value plus improvement $650-$700K.
Based on gross income and expected maintenance costs $1,050K-$1,150K
The October 2013 selling price is prob. closer to fair value.
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House sold in October 2013 for $755,000, now for sale for $1,520,000.
http://www.redfin.com/CA/San-Jose/430-N-2nd-St-95112/home/970098
#housing