All Forum Posts by: Brian Lacey

It's not the craziest leap to think that the Bay Area is in a bubble. Finite land, more money than God and tons of speculation.

I'm a perma-bear, but I'm always skeptical when people are pushing info for money. $130/year for Campbell's newsletter is actually pretty cheap by guru standards, but nonetheless, it's informative speculation at best.

Others have brought it up as well.

Unless you own property in that area, you have zero to lose and everything to gain. 

Just get your cash ready and suck up the properties if it happens. 

Kiyosaki's podcast details the debt approach for the big 3 camps.

Orman=cut up your credit cards. (BAD DEBT)

- You're in debt because of your frivolous spending.

Ramsay=No debt ever. (NO DEBT)

- You can't get hurt if you don't play the game.

Kiyosaki=The Hungry Hungry Hippo of debt. ("GOOD" DEBT *subjective, I know)

- Give me all the debt I can get.

Cash is easy. If you got it, use it, if that's what you're comfortable with. You'll find success. Maybe not generation changing success, but success nonetheless.

Leveraging debt allows for an investor to do more with less. Know how to play the game, and you can find generation altering success. But you better know how to play, or debt will cripple you.

The best advice I can give you is listen to @Jay Hinrichs and @Brian Burke, they've forgotten more about REI than most of us could even imagine.

I'm a doom and gloomer. So I'm very well acquainted with Dent and his works. He is wrong.

Shelter, literally one of Maslow's basic needs. As @Rick H. pointed out, shelter isn't going out of style anytime soon.

Dent, Schiff, Faber all 3 are very well established in certain camps whom I find myself agreeing with quite a bit, but none are real estate guys. Dent does have some good stuff on population trends, but this logic fails to note that millenials and the 90s kids are just as numerous as the baby boomers. 

They aren't making any more Earth, and until they do, it's a finite commodity.

Earth, the one thing government and the Federal Reserve can't print more of.

And for the futurists out there, don't worry in 20 years we're all going to be living off a Basic Universal Income and be living off of robotics and AI.

See you in the VR world, my fellow freaks and geeks.

@Eric Moeller, love this idea! It's the equivalent of the Uber fleet that some Uberpreneurs have created.

Unfortunately, this idea is great, and like @Bruno C. said, this will be heavily legislated soon enough.

God forbid a primary market's monopoly on hotels be challenged.

Logan Heights is on an upswing.

http://www.10news.com/news/neighborhood-looks-to-l...

Worth catching a neighborhood on the way up, and let the market do the heavy lifting appreciating the property.

Move where you want. You're buying properties that are currently undesirable, and making them desirable. A lot of moving targets between the beginning to the end, but nonetheless flipping is flipping no matter where you are.

http://www.investopedia.com/terms/m/marketvalue.as...

"Market value is the price an asset would fetch in the marketplace."

That's the actual definition.

 The good doctor himself, Thomas Sowell.

I agree, that it played a part, a large part at that. 

But from a movie stand point, it's just not enough time. Honestly, it'd be better off as a mini-series, and could get into the meat of the situation.

Keep in mind they HAD to use clever tricks of explaining the features and nuances of the instruments being used for lay people. Adding predatory lending, which they pretty much gleamed over besides the Florida scenes (which were exaggerated, if not fictional all together; not in the book), would have made it too inside baseball for lay people. 

It was very much a us vs. them type movie. Racial predatory lending would have lost that.

You have the right idea, but it wouldn't have fit with this specific movie, but it is deserving of some type of expanded viewing in a different movie, or medium all together.

@J. Martin as always some great stuff.

@George Gammon

In regards to the deflation point. Here are my thoughts, take them as you will.

As far as REI goes and Inflation/Deflation/Stagflation:

Inflation: REI is where we want to be.

Stagflation: REI cashflow is vital here, and let the appreciation from the market do its work.

Deflation: Potentially a knockout punch to RE investors. Debt becomes too much to pay off. Rents decrease. Markets correct themselves. Cash is king. 

RE = hedge to inflation, debt becomes cheaper with older dollars.

Cash = hedge to deflation, we can acquire more assets.

Gold, which I love, because I'm an Austrian believer, really doesn't hold as much necessity now.

The good news is, if you ever hear the mainstream media throwing the "D" word around, holy smokes things are really bad, or it's a smoke screen for something else.

The even better news is that the American economic nightmare is deflation, because that would force them to actually default, or take up "Helicopter Ben" Bernanke on his last ditch effort of saving a Keynesian economy. And it's time to hit the reset button, which has never happened before.