Market still hot

142

50% in a year? :heart_eyes:

143

@manch We truly missed the upswing in this neighborhood: https://www.redfin.com/CA/Sunnyvale/718-Lakebird-Dr-94089/home/939967

1 Like
144

Donā€™t remind me. :sob:

145

This neighborhood is worth over $1400/ psf?

146

OMG, Sep 27, 2011, it sold for 370k and now 1.2M !

See marketing ā€œVery convenient location close to hi-tech firms like Google, Apple, Facebook and Cisco and 49ers stadium and also commute routes. Walk to Lakewood Parkā€

1 Like
147

Yes, impressive growth but letā€™s not overlook the fact that thereā€™s a conversion from 3/2/1108 to a 4/3. That alone costs 200k renovation give or take. So that means it only doubled in value since 2011. Many homes in many neighborhoods have also doubled in value since that timespan so nothing to salivate over hereā€¦

3 Likes
148

Yea master suite is recently added. So original 3/2 houses are selling around 1M now, and they were around 700K around early 2015. Basically that area was lagged behind on the original upswing 2011-2014, but got momentum recently after 2015 when both manch and I were eying on it and didnā€™t pull the trigger.

1 Like
149

Regrets regretsā€¦ yes and I should have dumped my entire net worth in NFLX back in 2012ā€¦

2 Likes
150

Bad choice. Should have pumped entire net worth in bitcoin in 2009.

1 Like
151

I thought bitcoin was a joke (I still think itā€™s a joke).

I also thought NFLX was a jokeā€¦ I have reversed my thinking recently and invested a little bit into itā€¦

152

CEO NFLX is not as visionary as Jeff Bezos. I donā€™t even recall his name. NFLX should be as big as AMZN. One was in books, the other was in CDs/DVDs, both can progress into the same business line.

153

Yes, my secret wish is to have NFLX, AAPL, FB, and GOOGL gang up together and take away AMZNā€™s business, driving it into bankruptcy.

154

Both statements do not go together !!!

GBTC_Surge_41%.jpg1025Ɨ912 178 KB

155

I thought NFLX managed the transition from DVD by mail to digital platform really well. Most companies wouldnā€™t have made that transition, and a new competitor would have displaced them. Then they branched into original content which is a completely different business, and theyā€™ve been highly successful at it. I do think the original content space is getting VERY crowded. Not everyone in it will survive, but I think thereā€™s more risk to legacy content brands than the newer ones. ABC, CBS, NBC, and Fox cancel over half the new TV shows they pilot.

I agree they missed the boat on music. I donā€™t get why they didnā€™t buy Pandora/Spotify or build their own competing music service.

156

What market are you talking about?

Stock market, house market? :stuck_out_tongue_winking_eye:

157

I say he is not as visionary as Jeff Bezos. This is not an absolute comparison.

1 Like
158

Of course they donā€™t, they are response to a specific situation. CS graduates are bad in contextual logic?
Did you study critical thinking during college?

1 Like
159

Market so hot that you can sell 1.5M house without pictures: https://www.redfin.com/CA/Sunnyvale/893-Markham-Ter-94086/home/1772460

1 Like
160

So North Sunnyvale is hot now. How about North Santa Clara? Like this house?

161

Thatā€™s practically on the train tracks. I know ACE train uses them. Iā€™m not sure what else does. If itā€™s where Iā€™m thinking, thereā€™s a bunch of sketchy apartments right across Lafayette too.

Edit: The sketchy apartments are just on the other side of Montague. They are next to and behind the 7-11.