SFace

United States, joined 2009 Dec 2   Has 7 followers.   Is following 0.
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threads pinned by SFace
authored 1,091 comments and 71 threads

SFace's threads


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The American Dream on Sale and SFH REITS
by SFace on 16 Dec 2010   6 comments, latest a year ago
One of the giants in the finance world I admire is Bill Ackman from Pershing Square. He made several billion buying General Growth properties (GGP) around a buck in early ...

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JCP
by SFace on 10 Jul 2013   111 comments, latest 7 years ago
This is a stock I have been following closely for a long time. Bought when Soros bought and sold before the last earning and made 40% in one month. ...

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using line of credit to buy now
by SFace on 24 Jun 2014   22 comments, latest 7 years ago
e-man, thoughts and what are you seeing with others with tremendous equity from their primary and can buy a place or two in cheaper areas with their line? Obviously ...

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10 reasons debunked #5
by SFace on 4 Aug 2014   25 comments, latest 9 years ago
"5.Because buyers used too much leverage. Leverage means using debt to amplify gain. Most people forget that debt amplifies losses as well. If a buyer puts 10% down and ...

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10 reasons debunked #3
by SFace on 4 Aug 2014   6 comments, latest 9 years ago
"3.Because it's a terrible time to buy when interest rates are low, like now. House prices rose as interest rates fell, and house prices will fall if interest rates ...

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10 reasons debunked #2
by SFace on 4 Aug 2014   10 comments, latest 9 years ago
"2.Because it's usually still much cheaper to rent than to own the same size and quality house, in the same school district. In rich neighborhoods, annual rents are typically ...

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10 reasons debunked #1
by SFace on 4 Aug 2014   6 comments, latest 9 years ago
First one: "1.Because house prices are in expensive areas still dangerously high compared to incomes and rents. Banks say a safe mortgage is a maximum of 3 times the ...

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Christie & Social security reform
by SFace on 14 Apr 2015   Posted 9 years ago
"As part of the plan, he'll propose phasing out Social Security payments for those making more than $80,000 in other income and eliminating them for those making $200,000 or ...

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Oakland minimun wage
by SFace on 20 Feb 2015   Posted 9 years ago
On march 1, 2015, it would be the highest in the nation (for 60 days at least), at $12.25/hr. A whopping jump from $9. Let's see how that affects ...

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Long Apple
by SFace on 6 Sep 2013   68 comments, latest 10 years ago
Apple has been strangely quiet since iPhone 5. Everyone knows Sep-Dec is Apple domination quarter and for end of 2013 it will be especially plentiful. Here is what a ...

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10 reasons debunked #9
by SFace on 4 Aug 2014   22 comments, latest 10 years ago
"Because boomers are retiring. There are 70 million Americans born between 1945-1960. One-third have zero retirement savings. The oldest are 66. The only money they have is equity in ...

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10 reasons debunked #4
by SFace on 4 Aug 2014   Posted 10 years ago
"4.Because buyers already borrowed too much money and cannot pay it back. They spent it on houses that are now worth less than the loans. This means most banks ...

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Doubled up on FB
by SFace on 25 Jul 2013   119 comments, latest 10 years ago
Love what they are doing with Mobile and they figured out how to put ads on a phone in a targeted and discreet way (as part of a feed.) ...

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My Experience with Lyft
by SFace on 19 Nov 2012   35 comments, latest 10 years ago
So me and my wife decided to try Lyft after a dinner night out at Mission District. (impossible to park) We loaded the the lyft app previously, posted the ...

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Stock picks March 13, 2014
by SFace on 13 Mar 2014   11 comments, latest 10 years ago
Added the following today Yahoo@ 37.23 I believe there is a place for Yahoo in mobile advertising dominated by Google and Facebook. Marissa is an ex Google so she ...

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Short Groupon?
by SFace on 4 Nov 2011   22 comments, latest 11 years ago
I lot of people seems to think Groupon is spectacularly hyped, a company that adds little value relative to their valuation, which I generally agree. However, there's lots of ...

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fertilizer Cartel WTF
by SFace on 2 Aug 2013   1 comment, latest 11 years ago
I was looking at the demise of Potash ("POT") Long story short, a key partner opt out of a price fixing cartel, apparently this has gone for a while ...

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Diamond Foods
by SFace on 21 May 2013   7 comments, latest 11 years ago
This is a stock that is being accumulated quietly. It's been on my radar as a San Francisco company and the accounting scandal that was strightened out last year. ...

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Famous consumer brands in America by state
by SFace on 27 Jun 2013   10 comments, latest 11 years ago
get off of interest rates, gold/bonds a little bit. Saw this neat map that shows the most recognizable brand coming from each respective states. Missing Hawaii, but I would ...

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Fiserv - Moody's Case-Shiller Forecast - SFBA
by SFace on 24 Feb 2012   117 comments, latest 11 years ago
Case-Shiller lags anywhere from 3-5 months at the field level., but... Companies (particurarly banks) pay a lot of money to access subscription services generated by Fiserv and Moody's. Their ...

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CA prop 13 and Step up basis is a lethal combination
by SFace on 5 Apr 2013   21 comments, latest 11 years ago
This is a real situation: A long-time San Francisco homeowner bought their house in the 70’s. 50K or so, property tax is less than 2K a year in 2013. ...

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Silver Bay Realty Trust ("SBY")
by SFace on 4 Mar 2013   1 comment, latest 11 years ago
This is a great resource to understand what is happening at the investor level for single family homes. The metrics and items that matters are all discussed in the ...

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GOP will win round 3 of budget battle
by SFace on 19 Feb 2013   14 comments, latest 11 years ago
Round 1 - debt ceiling - dems win Round 2 - fiscal cliff - dems win Round 3 - Automatic cuts - GOP will win At this point, I ...

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Why opening and utilziing a HELOC makes financial sense.
by SFace on 12 Feb 2013   28 comments, latest 11 years ago
A few topics center on HELOC as bad bad bad, I don’t see it. Sure, you can get in trouble, but the core reason makes a whole lot of ...

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S&P Breakout, next Step
by SFace on 22 Jan 2013   7 comments, latest 11 years ago
It looks like with Google and IBM, tech will likely be up tommorow and likely take the S&P past 1500. It has broken out, despite a lot of Apple ...

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2192 Funston Ave
by SFace on 13 Feb 2013   Posted 11 years ago
Here's an example of new build in San Francisco. 490K surrounding house are around 1M. This one 1.7M+, and it will get at least that price guaranteed probably 1.9M. ...

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Do not buy a house using FHA - Too expensive
by SFace on 31 Jan 2013   6 comments, latest 11 years ago
* Basically, FHA got slaughtered on loans from 2004-2008. If you are a FHA borrower prospectively, please don't do it, you will be slaughtered. * 1.75% upfront fee. What ...

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Double-digit rent hikes are on the way
by SFace on 13 Jan 2011   36 comments, latest 11 years ago
This was pretty evident to me for a year (following the REIT industry) now, but here's the nugget of the story and something you should be aware of: http://www.marketwatch.com/sto ...

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5 years of work 4M retirement benefit for Public employee
by SFace on 18 Jan 2013   3 comments, latest 11 years ago
That's essentially how much a 230K annual bump to the pension is worth, based on reverse annuity. All done in 5 years and not a day more of government ...

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California deficit is gone
by SFace on 10 Jan 2013   7 comments, latest 11 years ago
http://www.sfgate.com/bayarea/ After 5 years, things are turning the corner, including state government budget deficit. A lot of people is going to give that strange grin, for good reasons. But ...

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27 dead, 20 gradeschool kids
by SFace on 14 Dec 2012   376 comments, latest 12 years ago
http://www.sfgate.com/news/cri WTF is wrong? This story is bothering me. #crime

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Sales commission based on sales price
by SFace on 18 Dec 2012   Posted 12 years ago
My colleague is selling his San Mateo home. It's a 3/2, basically sells itself. Any realtor would beg to have this account. In any case, we were brainstorming some ...

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Why Apple shold annouce a special dividend a la Costco
by SFace on 28 Nov 2012   3 comments, latest 12 years ago
* Apple is a negative capital business. They don't need money to operate anyway. (The money are collected faster than having to pay their vendors and costs) * Anticipate ...

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Wells Fargo 20K Housing Grant Dec 7 and Dec 8 (time sensitive)
by SFace on 28 Nov 2012   6 comments, latest 12 years ago
I communicated this to my tenants, but here is something you should look into in case you don't know. It is time sensitive hrhjuliet, ECBB, etc. Get your paperwork ...

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My employer should have fired me for a chance to meet Zynga
by SFace on 1 Dec 2011   15 comments, latest 12 years ago
Long story short, In 2009, many people were fired (among the 15M or so nationally) including some of my colleagues. Some of them end up joining Zynga which went ...

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How the tax situation will shake out from my perspective
by SFace on 13 Nov 2012   51 comments, latest 12 years ago
Most people don't realize that the bush tax cut will expire Jan 1, 2013. With Obama just newly re-elected and public sentiment, the rich will be soaked, the only ...

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CA has super Majority!
by SFace on 7 Nov 2012   24 comments, latest 12 years ago
Super majority in Lower house Super in Upper house Governor Brown for at least 2 more years. We'll see what the Dems have planned and what a fillibuster-less control ...

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Jobs are coming back!!!
by SFace on 17 Feb 2012   141 comments, latest 12 years ago
Little have been said about the improving job situation. The commerce department reported about 243K new jobs created in January 2012, notwithstanding government layoffs. Furthermnore, unemployment claims appears to ...

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Companies in crisis are always great buys
by SFace on 8 Feb 2012   19 comments, latest 12 years ago
Over the last 10 years of observing the market, companies in short term crisis not related to the fundamentals of the business have always proof out to be great ...

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Facebook Effect
by SFace on 27 Jan 2012   63 comments, latest 12 years ago
Reports of 100B valuation for Facebook sent everyone up: Look forward to the S-1. It will be an incredible read. RENN DANG LNDK GRPN All up
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