Comments on: 32% of Mountain View renters overpaid

By: A. Lewis

A. Lewis — Tue, 12 May 2009 16:35:15 +0000

#181 – ouch.

#182 – the credibly long ones are fine, it’s the INcredibly long ones that you should avoid.

By: DreamT

DreamT — Sat, 09 May 2009 06:53:41 +0000

Pralay – Avoid the credibly long ones.

By: Pralay

Pralay — Sat, 09 May 2009 06:52:11 +0000

Perhaps Pralay could spend some of his google time finding links to some of my incredibly long posts, which might have had a few good points of analysis in there to support my positions. Or maybe someone else’s.
—–

I just googled. All the results are long posts. So I am confused which one you are referring.

By: Herve

Herve — Sat, 09 May 2009 05:34:50 +0000

All the people I know who live in Los Altos upgraded to it from another city (ex: Mountain View).

Well I can say the same thing about all the people I know in Santa Clara…

By: DreamT

DreamT — Sat, 09 May 2009 05:25:13 +0000

All the people I know who live in Los Altos upgraded to it from another city (ex: Mountain View). The reason is rather simple: in normal times, people don’t spend the equity they accrue as readily as they spend their savings. The disciplined savers are the exception to the norm.

By: Startup_99

Startup_99 — Sat, 09 May 2009 05:07:13 +0000

zanon says,
>>Do you buy in RBA by buying outside of RBA, getting appreciation, and then buying in RBA? Or do you scrimp and save because “every little bit counts”? Or do you get lucky and join Google at the right time?

There’re surely different ways to achieve the same result. My answers to your questions shouldn’t be a surprise: I believe in buying RBA. The short term sacrifices you make will be worth the long term rewards. Forget Google. Too many cars in the parking lot at 7PM.

By: nomadic

nomadic — Sat, 09 May 2009 04:49:06 +0000

zanon, are you having fun with SB123′s savings plans or do you really not understand her simple point?

*
RE says “Your statement assumes the only money people can ever have is from trade-up equity. That is clearly not the case at a place like Silicon Valley.”

Don’t bother with that one. It flies in the face of all of his previous posts preaching that the way into the RBA is by building equity and moving up. I’d say that’s how 99% of people get there. The other 1% hit the start-up lottery (or have trust funds).

By: zanon

zanon — Sat, 09 May 2009 04:44:45 +0000

RE: As far as I know, I’m the only zanon on this board.

SB123: As far as I can tell, you’re planning to save up for 50 years. “$20k per year for 5 years = $100k $100k X 10 years = $1M”. Good luck with that! Although, in 50 years, a $1M house will cost $32M in RBA so you’re $31M short. No matter, maybe by renting a $1500/mo place you’ll get there!

RE says “Your statement assumes the only money people can ever have is from trade-up equity. That is clearly not the case at a place like Silicon Valley.”

I’m baffled. Do you buy in RBA by buying outside of RBA, getting appreciation, and then buying in RBA? Or do you scrimp and save because “every little bit counts”? Or do you get lucky and join Google at the right time?

By: Pralay

Pralay — Sat, 09 May 2009 02:28:04 +0000

And as RealEstater cannot answer #161 to backup his statement, that’s one more LIE.

By: Pralay

Pralay — Sat, 09 May 2009 02:25:41 +0000

As for the salesman charge, if you stick around a bit you’ll agree that I’m really just an average tech guy
——–

And people who are visiting burbed for long time agree that RealEstater is not a salesman.

One problem. RealEstater just can’t name ONE of them.