Ask El Diablo - Page 18

Tron · #**171** 02-01-2007, 05:54 AM

Diablo,

Do you know any famous bloggers?!

haakee · #**172** 02-01-2007, 02:23 PM

[ QUOTE ]
NM: I actually know a fair amount about the market here, because I've been looking for a while. My general feeling on SF is I always decide it's a bad time to buy and then the market always goes up. I think the tech upturn is gonna stay solid for a while now, so I imagine it's a decent time to buy now. Hopefully haakee will chime in here, he knows more about the market than me.

[/ QUOTE ]

I hate to respond since it implies I'm actually reading this forum [img]/images/graemlins/smile.gif[/img] I think it's rarely a bad time to buy if the following things hold for you (1) you can actually afford the place you're buying with a traditional fixed-rate 30-year mortgage, (2) you're not great at saving money on your own (buying forces you to "save money" effectively by making you put money towards an asset that will appreciate over the long-term), and (3) you plan on staying in the place for at least 7 years (long enough that a chances of a nominal downswing are significantly decreased).

That said, I'm not buying now because I think the market will be better in a few years, and #2 doesn't apply to me above (I am good at saving). Purchase/rent ratios are historically very high and while there are some reasons for this (more favorable tax treatment than ever before, historically low interest rates) I see some bad news coming, one being the adjustment of ARM loans which everybody around here seems to have specifically because they couldn't afford the place with a traditional loan. So what happens when their loan becomes more expensive? They can't afford it and have to sell.

There is a school of thought that says that "glamor" markets (e.g. SF, NY, London, Tokyo, etc.) are different. This has never been the case long-term in the past, but maybe the increasingly global economy will make this so moving forward. Perhaps a valid theory but I'm personally not willing to bet an $800K loft on it. (I'm always skeptical when people say "it's different here", or "it's different this time")

There's some good discussion on real estate in general on the Finance & Investing board on here.

J.A.Sucker · #**173** 02-01-2007, 02:26 PM

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I am good at saving

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Naaaawwww.......... REALLLY?!??!?!?! [img]/images/graemlins/grin.gif[/img]

XOXO,

The First Dime You Ever Made

[img]/images/graemlins/heart.gif[/img] [img]/images/graemlins/heart.gif[/img] [img]/images/graemlins/heart.gif[/img] [img]/images/graemlins/heart.gif[/img] [img]/images/graemlins/heart.gif[/img] [img]/images/graemlins/heart.gif[/img] [img]/images/graemlins/heart.gif[/img]

Eagles · #**174** 02-01-2007, 09:09 PM

When you talk to your friends IRL who don't post on 2p2 do you tell them stuff like I have my own internet forum?

EricCartman · #**175** 02-02-2007, 07:00 AM

Do you know where I can find the clitoris?

Mr. Now · #**176** 02-02-2007, 07:47 AM

I want to know why Mr. El Diablo wears that totally goofy mask and overall, cartoon-like 'superhero' persona. Complete with ridiculous cape.

What kind of scotch does Captain Planet drink?
Does Barney like to pick up underage girls?

Can you get a message to SpongeBob for me?

fish2plus2 · #**177** 02-02-2007, 09:15 AM

I have what I think are several good business ideas both web based and real life, the problem is that I am not willing to invest my own capital in starting them. What can you tell me about getting Other People's Money and what kind of deals these people normally get when investing? I am paranoid of even telling people about my ideas because I am afraid they will be stolen.

Erik Blazynski · #**178** 02-02-2007, 10:30 AM

It's easy to get your own forum here. Just run around acting like an ass on the other boards, and they give you one to keep you busy

Colt McCoy · #**179** 02-02-2007, 10:35 AM

Masked Devil,

Do you know who T for Truth is? If not, who do you think he might be?

Rick Nebiolo · #**180** 02-04-2007, 04:51 PM

[ QUOTE ]
Do you know where I can find the clitoris?

[/ QUOTE ]

I assume you are a guy and want to find it for the purpose of learning how to stimulate it with a high degree of skill and refinement (since El D is "skilled and refined" in most things).

IMO you should ask or take lessons from a lesbian, not El Diablo.

If a friendly, willing lesbian isn't handy read "The Hite Report" by Shere Hite. You'll find out most of what you need to know there.

~ Rick