Recent content by Liar Loan

Please post your numbers if you want us to believe you.

There's no financial difference between an investment and a primary residence. The only difference is whether you choose to live in the property or to let somebody else live in the property, or nobody at all. Regardless of occupancy, the effects of timing are the same. If you buy at a poor...

Most foreclosures are due to job loss regardless of the risks taken when acquiring the home. Sure you can hold a money losing property during a drawdown, but it would be better not to have purchased the overpriced property in the first place and instead put your money towards more productive uses.

True. If you're 100% sure that you will never lose your job, or you don't mind taking a large loss if forced to sell, then no worries.

Michael Saylor will go down in history as one of the great all-time con men in the world of finance. His company Micro Strategy essentially kicked off the dotcom crash in the year 2000 when they restated earnings. It turns out they were lying about profits to make themselves look better than...

The point stands no matter which unit of measurement is used. Timing matters for primary residences in Irvine. There are thousands of people that learned this the hard way by losing their homes, as you well know. You tried to time the market to take advantage of these poor individuals'...

Sure you can. Bitcoin crashed horribly not long after this thread was started.

Irvine had 2,004 foreclosures during the years 2007-2013. As you know, there were many more short sales that occurred in Irvine than foreclosures, so I'm estimating at least another 4,000 short sales, but probably more plus a handful of cash-for-keys. I remember Larry saying he profiled over...

It matters for both because being underwater has a lot of ripple effects for owner occupants. The predecessor blog IHB profiled thousands of Irvine owners that took it in the shorts and lost their homes.

Coincidentally, everyone that bought in Irvine at the peak are also having buyer's remorse. Sad really.

I don't have any thoughts on it.

"it’s not because high school students are getting dumber by the way the real reason is uncomfortable" No capital letters or punctuation. Maybe high school students actually are getting dumber.

It's good to get perspective from outside the Irvine bubble. He also brings up a good question: Can other areas replicate the Irvine miracle?

This woman was assaulted in a locker room thanks to California's trans friendly laws. Letting men into women's locker rooms leads to violence. In the past, a man exposing himself like this would be arrested, charged as a sex offender, and placed in the Megan's Law database. Tish Hyman...

The chart coincides with COVID learning loss. I also think a secondary factor at play is how math is taught these days. Many teachers use online math assignments. This is bad for multiple reasons. First, it's scientifically shown that writing things down on paper helps it stick in your head...