Well said.

I think Bob would be especially interested in hearing about your out-of-state property. How many feet of snow is it under now?

I suggest that you contact the Mercury News immediately. This is newsworthy. LOL…

Let’s pick up on this conversation after you buy your first starter home.”

Why? You are the one that for over a year has been saying that now is the time to buy and were in fact going to do so yourself. What does anybody else’s situation have to do with that?

And since you seem interested, I do own property. It’s not in the Bay Area.

Most of the investor would like buy an asset (not just real estate) that goes up in value for some period of time. So telling the obvious is not an effective way to brag about “investment model”.

No wonder he is having hard time to find his “sweet spot”.

RE’s plan is to rent out a house in Palo Alto where the mortgage isn’t anywhere close to rental parity. Meanwhile, hoping that price appreciation would net him gains. Let’s take note that PA price/sqft has dropped substantially, from $100/sqft to $200/sqft since 2008 (and likely to drop more in 2010) so he would’ve lost money as a landlord -and- also suffered a lower assessment on the value of the house.

It’s like a retarded person’s view of how to make money in real estate after skimming a book from Rich Dad Poor Dad but with the self assurance of someone completely unable to come to grips with his ignorance.

A year ago? He is talking about it since March 2008.

And not only that, since then he started talking about his investment model too. Only one problem – there is no real investment in investment model. I guess that’s why he call it “model”.