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Onvacation says

Rubicon says

Hate the game but not the player.

What if the player is an amoral asshole?

In any line of work, there will always be amoral aholes. Real estate is NOT an exception.

ad says

B.A.C.A.H. says

There are many more billionaire families in either of those countries than in the US.

And many, probably most, of them covet to have their college age kids to relocate to the SF Bay Area. We who live here are immersed among them.

What percentage of +$1 million homes in the San Fran Bay Area are being bought by foreigners ? Is there any trend data on this for the last 30 years ?

I can see where localities like Palo Alto and San Jose are very attractive to rich foreigners.

That would help those who sell their homes in California, as they can then buy a much lower cost home in states like Colorado, Nevada, and Arizona.

.

Palo Alto? Puhleeeze! There is new king in town: https://www.usnews.com/news/national-news/richest-cities-in-the-us?onepage=

=))

...And then we inflation adjust Apple's sales and earnings...and then...the P/E and P/S look even wonkier as both show Y/Y contraction.

And remember...this is the cream of the crop. The others really suck.

Eventually the greater fool theory of investing comes to a quick and sudden end.

Misc says

And then we inflation adjust Apple's sales and earnings...and then...the P/E and P/S look even wonkier as both show Y/Y contraction.

I look at earnings and it was somewhat slow and steady from 2013 to 2020 and the MSN finance link was helpful.

The below link graphs revenue and earnings per year and it looks like earnings is at best going to remain constant for the next few years.

https://simplywall.st/stocks/us/tech/nasdaq-aapl/apple/past#:~:text=Apple%20has%20been%20growing%20earnings,has%20net%20margins%20of%2024.7%25.

B.A.C.A.H. says

About half the world's population lives in India and China.

There are many more billionaire families in either of those countries than in the US.

??? The US has more billionaires than China (including Hong Cong) and India combined.

HeadSet says

??? The US has more billionaires than China (including Hong Cong) and India combined.

I suspect based on economic growth rates and demographics there are a significant amount of multimillionaires from China and India who could easily afford buying a +$1,000,000 home in California such as for their kids.

.

Eman says

In any line of work, there will always be amoral aholes. Real estate is NOT an exception.

Real Estate is the poster child of amoral asshoes.

Rubicon says

The only difference is, nobody gives two shits about poor people.

No. Amoral assholes don't care about poor people. They only care about themselves.

Onvacation says

Eman says

In any line of work, there will always be amoral aholes. Real estate is NOT an exception.

Real Estate is the poster child of amoral asshoes.

If this is your belief, you haven’t been around, or experienced what 3rd world people, or even 1st world people have to deal/live with.

Rubicon says

Poor people are no different than rich and powerful people. The only difference is, nobody gives two shits about poor people. The attention is reserved for the rich, powerful, beautiful ones.

You live on an earth with humans. Humans are all the same no matter where they live. It’s not America, your issue is with human nature. Out of all the shit boxes, America is the cleanest and best one.

No one overlooks the immorality of poor people..."It's why they're poor", they say. But just look at how much immorality people will overlook if they can get close to $$, fame and/or power. These things are what stupid people look at to judge intelligence.

@Rubicon, you're a real smart guy, right? I'm guessing you took at least 3 jabs.

Rubicon says

Rubicon, you're a real smart guy, right

Thank you! I guess I did alright. :)

This is why you're a fraud.