All Forum Posts by: Sam Josh

@Diane G.

I don’t see it anywhere, the recent iPos and massive stock market gains are only adding fuel to the fire in the Bay Area.

@Mike Jacovelli

It helps to think differently from the crowd around you. That means they won’t understand you or agree with you but that’s not a bad thing.

@Dan Heuschele

100% agree. CA investing is about total return over the life of the investment and those are often big relative to any other market in the country after you account for appreciation. With all due respect BP forum experts discount that aspect but that said the investing discussions are not focused on CA or NYC which have different dynamics all together.

Bro vs Pro or whatever. Guys let’s all be humble and encourage our BP community, newbie and everyone. Sure many of us former bros today feel like pros because we rode the largest expansion in US history. But that’s what it is. The largest expansion in US history on the back of low interest rates and cheap money and we got lucky.

And not to mention the RE games we play are quintessential middle class, not the ones played by large investors, hedge funds or mega millionaires. No one here is playing into the mega millions except maybe the guys selling books and videos like Kiyosaki and Cardone. They are the ones laughing all the way to the bank.

Everyone is scrambling to find bits in small towns and back waters because that’s pretty much what is affordable and when we find one or two of these deals that few thousands month (not counting depreciation and wear and tear) or a flip that nets a few more, we think we are pros and starting ranting towards newbie investors and call them bros. When called out, the rant is rebranded a “satire”! Where did humility and the spirit of helping the community go?

@Jonathan Greene

I don’t have a bone in this bro vs pro debate. That said, It’s not clear what you are trying to solve for. Part of your post is simply complimenting the “bros”. You say they are chasing the same deals in markets that you are. If you are the “pro”, then it’s a compliment to the bros that they are finding the same deals.

Second, you are saying these bros are moving prices and markets. Really? How so? Are they such a large and powerful bunch that they are moving markets?

I think the RE boom of the last several years has totally blurred the lines between bros and pros. Bros think they are pros. Many pros are simply bros who have gotten lucky.

@Jess White

Who told you it was a scam and what led you to even believe it was? Seems like someone was playing an April FOOLs joke on you.

@Justin Reyes

More tried this in 2007. They first lost their 401ks and then their pants. That’s all.

@Darius Ogloza

There is no rent control in newer buildings. I think all buildings built after 1980. I could be wrong.

@Diane G.

Good to see you are buying. I do recall you being very bearish a few months back and talking about a major market collapse. What changed your sentiment?

@Diane G.

Exactly! Your post may not get popularity points on here until the numbers are peeled back and appreciation is considered.