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  1. Cornflakes

    Irvine Great Park Property Tax Question

    My GPN home, zestimated at ~$1.5M. These are my last four years of tax bill amounts, inclusive of the infamous Mello Roos. 17538 17777 17934 18364 It seems to be just 2% increase a year on overall tax bill. 1. If this home was in no MR area, approx. 12k bill would go up by 2% a year. 2. if...
  2. Cornflakes

    Assumable mortgage property

    In this high mortgage rates environment, is it viable to buy a property that has assumable mortgage? If so, is it even possible to filter for such listings? And, would the homes sell for higher than FMV if the mortgage terms are so favorable than current market rates?
  3. Cornflakes

    Poll: Irvine Housing Prediction June 2022

    Thanks. This is good info. Is it from reliable source? I am no statistician but from the numbers it appears that inflation or mortgage rates do no necessarily have consistent positive or negative impact on home prices. I did find two noteworthy peak-to-peak drop and recovery cycles  from...
  4. Cornflakes

    Stock picks

    My chips are on PLTR     Parameter [/color]SNOW [/color]PLTR Market Cap 94.84B 39.00B Income -760.80M -512.50M Sales 851.20M 1.43B Employees 2017 2439 P/S [/color]111.42 [/color]27.25 EPS (ttm) -2.59 -0.28 EPS next 5Y [/color]-0.14% [/color]49.39% Gross Margin [/color]58.50%...
  5. Cornflakes

    Turns out, Harvard students aren?t that smart after all

    Get access in order to get rich? or Get rich in order to get access? Access to premier institutes, charity galas, fancy clubs, etc.
  6. Cornflakes

    Short Rivian?

    If you round up Rivian?s virtually zero revenue to $1B, the stock is trading 150x of it. Tesla as market leader in EV is trading at 25x revenue.  Either bring me tesla at 150x price point or bring me Rivian at 25x or below. Take a few months to come down to equilibrium. I am happy with...
  7. Cornflakes

    Short Rivian?

    Welcome to the club. When Rivian doubles from here, will buy more puts. Anyone who has been on the other side of the table with Amazon as a vendor/supplier (and I have been) will not see Amazon order as a big plus.
  8. Cornflakes

    Short Rivian?

    The guy that runs three successful companies and has proven track record of solving hardest problem says that scaling up production was the hardest problem and kicked his ass. We'll see if Rivian has magic trick up their sleeve and makes Musk look like fool spending so much time scaling up.
  9. Cornflakes

    Short Rivian?

    Bought a March 70 Put. Will buy some more.  Happy to lose some $ if I am wrong and Rivian shoots up. I think that overall market will go up in that case and will make up somewhere else.
  10. Cornflakes

    Short Rivian?

    Let's say if your short sell investment horizon is 1 year. In 1 year, how high can Rivian go? 10x? That would be 1T valuation, same as Tesla today. If that happens, you lose 9x the principal your invested. So, 5k short will lose 45k. But, if that does happen, I can only imagine what my 401k...
  11. Cornflakes

    Short Rivian?

    As crazy as stock market is, how many other companies are worth 100B that has no revenue and is burning money? Over time, Rivian may be successful in bringing great cars out, scal up production, and all good stuff. But that road is at least a few quarters out and the ride has to be bumpy till then.
  12. Cornflakes

    Zillow stop buying homes (for now)

    Next time they call you, tell them. Hell Yeah, I would love to put my name on Zillow. How much will you pay me?
  13. Cornflakes

    How is workplace?

    My work place has just gone through so much change in past 18 months of pandemic. Bosses, leader, peers, subordinates...just complete churn. And, it is not like that business is doing bad or the culture is bad. My employer is kind of sought after name in the medical device industry and we do not...
  14. Cornflakes

    How low can we go? 30 yr fixed at 3.75% with no fees...

    I think we are saying the same thing. Even one card high usage can set you back. Keep each card and overall usage under 30% for good scores.
  15. Cornflakes

    pay off new 15 yr refi or sell and go big with a $1M+ mortgage to trade up

    That SFR is likely assessed at 1M for taxes and the tax bill is $12k a year. Two smaller properties purchased today will be assessed at 1.3M and the combined tax bill $15.6k Subtract that 3.6k tax expense from increased rent collected annually. Oh, while you are on the spreadsheet, do not...
  16. Cornflakes

    How low can we go? 30 yr fixed at 3.75% with no fees...

    I can second that. Personally, I have not seen any impact on my scores based on inquiries. However, run up  credit card(s) usage to 90% of credit limit, you will feel the impact on your score. Run it down to zero percent usage and you will get a nice bump.
  17. Cornflakes

    HELOC Options

    Took out HELOC from Wescom recently. Super easy process and they are by far the most technologically advanced CU I have experienced.
  18. Cornflakes

    RENTAL property refinance

    It's cute that you think we all are anonymous here.  :)
  19. Cornflakes

    How low can we go? 30 yr fixed at 3.75% with no fees...

    Congrats! DO you feel comfy sharing loan amount, LTV, estimated closing cost etc.?
  20. Cornflakes

    RENTAL property refinance

    Here is some math homework to do: Today, you are on the hook to pay $2560 a month for next 22 years and you are debt free on the property. After refi, each month you pay same $2560 = $2045 mortgage + $515 in brokerage account. For next 22 years. In the brokerage, choose a basket of 5 stocks...
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