Impact of usd vs cny on bay area prices

manch · February 25, 2018, 1:53am

Should I turn on FOMO mode instead?

wuqijun · February 25, 2018, 1:55am

Yes!!!

tomato · February 25, 2018, 1:59am

Which means stocks are bubbly - i agree! Should one liquidate? Who knows!

wuqijun · February 25, 2018, 2:01am

Under no circumstances should one liquidate. That would’ve been the mistake of a lifetime. I learned that the hard way back in 2008.

tomato · February 25, 2018, 2:01am

Did you liquidate before or after the burst?

wuqijun · February 25, 2018, 2:04am

I didn’t liquidate… I only sold a portion of my stock options which I didn’t consider as part of my core portfolio. However, what I had sold turned out to be the most valuable.

tomato · February 25, 2018, 2:07am

Before or after the 2008 did you sell?

wuqijun · February 25, 2018, 2:07am

If you were to liquidate before the burst, then you run into the risk of missing out on a lot more gains if there were no burst at all.

tomato · February 25, 2018, 2:08am

I know. I am not betting on timing the market. I am just seeing it as a sign to reduce risk - like reducing call exposure.

wuqijun · February 25, 2018, 2:10am

You are buying a home right? If you think we are at the top then there should be no reason for you to buy. Because you could probably buy the same home at a cheaper price later. You cannot expect the stock market to tank while real estate keeps going up. They rise and fall together.

tomato · February 25, 2018, 2:13am

Not buying house has a mental burden on me. It is a long term place i will live in. It is basically a way i will feel more at home - lived in apartments/condos for my whole life in my home country, and i want a break from that. I am seeing this as a life quality change than a full blown investment.

And again, i am not timing the market. With selling my calls, i will be reducing the risk profile of the portfolio. Calls go to 0 if you are not tooooo deep in the money in a down turn, unlike stocks they wont be getting their value back when economy improves as they have expirations

wuqijun · February 25, 2018, 2:17am

Then that is an emotional decision, not a calculated decision based on finances. You can view that as buying something you want, such as a car. So in that case don’t think about money too much. Just go for it. Even if we are at the top of the cycle, you can benefit eventually if you are able to hold on to it through thick and thin.

hanera · February 25, 2018, 2:24am

My wife doesn’t agree, you can’t buy the identical house, about the same is not good enough

Sell some GOOG and buy the house your wife wants.

wuqijun · February 25, 2018, 2:33am

Happy wife happy life? But what about your mistresses? Don’t forget about them…

tomato · February 25, 2018, 2:36am

I always say: i can hardly find the energy for one, impossible to imagine 10!

harriet · February 25, 2018, 2:45am

If you can afford and you like the property, just buy. Don’t think too much.

tomato · February 25, 2018, 2:47am

: ) I like all the properties especially the ones built in 2010s

harriet · February 25, 2018, 2:49am

Buy them all!!

Terri · February 25, 2018, 9:18pm

While, I agree they could be taking video for another buyer, they could also be taking video for a spouse or family member who is helping with the sale.

My husband and I have taken videos of numerous places. Sometimes it’s to remember the place, sometimes to send to his parents to show them what we want to buy.

wuqijun · February 26, 2018, 3:27am

Have you bought a place yet?