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Unread 02-14-2013, 10:25 AM
 
Location: Lafayette, CA
2,518 posts, read 1,377,945 times
Reputation: 578
Quote:
Originally Posted by Senno View Post
We do seem to be the safest country to invest in. Some of those people find investing in Oakland to be a safe bet, I suppose. Demand for properties in Oakland. Desire to invest in Oakland. Whether they live there or rent the house out, right?

Will you make up your mind if you are "not very bullish" or "not bullish" about Oakland please?
I don't know what every person's "individual" desire is to live in Oakland, but it is a city of hundreds of thousands of people, I'm sure some people do want to live there, just not myself.

As for your question, let's just say I wouldn't spend my own hard earned money to buy in Oakland right now. As an investor, when I send out my dollars, I treat them like peons. They go out and get other dollars, pro-create, make families, grow bigger, and continue to make their group bigger.

I don't send my dollars out to get butchered and slaughtered in Oakland real estate. With high crime, poor schools, high poverty, high homelessness, and a gang war currently going on, it's not exactly a place where I'd place my money.
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Unread 02-14-2013, 10:30 AM
 
Location: Oakland, CA
23,680 posts, read 28,320,234 times
Reputation: 10042
Quote:
Originally Posted by DocGoldstein View Post
I don't send my dollars out to get butchered and slaughtered in Oakland real estate. With high crime, poor schools, high poverty, high homelessness, and a gang war currently going on, it's not exactly a place where I'd place my money.
And yet Oakland's real estate prices and rental rates are through the roof meaning investment property owners are profitting exponentially---butchering notwithstanding.

Does that upset you?
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Unread 02-14-2013, 10:40 AM
 
Location: Lafayette, CA
2,518 posts, read 1,377,945 times
Reputation: 578
Quote:
Originally Posted by 18Montclair View Post
And yet Oakland's real estate prices and rental rates are through the roof meaning investment property owners are profitting exponentially---butchering notwithstanding.

Does that upset you?
No, it doesn't upset me that imaginary investors in Oakland are profiting "exponentially".
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Unread 02-14-2013, 10:46 AM
 
6,874 posts, read 814,993 times
Reputation: 1911
Quote:
Originally Posted by DocGoldstein View Post
I don't know what every person's "individual" desire is to live in Oakland, but it is a city of hundreds of thousands of people, I'm sure some people do want to live there, just not myself.
Well darn. I thought you had a handle on it and thought it was tulip mania all over again.

Quote:
As for your question, let's just say I wouldn't spend my own hard earned money to buy in Oakland right now. As an investor, when I send out my dollars, I treat them like peons. They go out and get other dollars, pro-create, make families, grow bigger, and continue to make their group bigger.
Pretty typical so far.

Quote:
I don't send my dollars out to get butchered and slaughtered in Oakland real estate. With high crime, poor schools, high poverty, high homelessness, and a gang war currently going on, it's not exactly a place where I'd place my money.
What were you hanging out on the court steps for then? You didn't have something going on with a judge and jury did ya?

You did say Oakland has a cheap price point earlier in the thread.

So you were scared out of the market basically?

You might be missing some fine investments.
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Unread 02-14-2013, 10:50 AM
 
Location: Oakland, CA
23,680 posts, read 28,320,234 times
Reputation: 10042
Quote:
Originally Posted by DocGoldstein View Post
No, it doesn't upset me that imaginary investors in Oakland are profiting "exponentially".
Indeed.
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Unread 02-14-2013, 10:55 AM
 
Location: Lafayette, CA
2,518 posts, read 1,377,945 times
Reputation: 578
Quote:
Originally Posted by Senno View Post

So you were scared out of the market basically?

You might be missing some fine investments.
Pretty much. The market took a huge turn in 2012. So I took my dollars out of that market. The best times to buy in the past 3-4 years would have been the beginning of 2009, and the end of 2011.

I may be missing out on some "hidden" gems, but experience and my accomplishments as an investors say otherwise.
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Unread 02-14-2013, 10:59 AM
 
Location: Lafayette, CA
2,518 posts, read 1,377,945 times
Reputation: 578
mod cut

Oakland really is as dangerous as the media portrays. I've never seen anything on KTVU, SFGate, Contra Costa Times, etc that could be construed as slanderous or untrue about Oakland.

I think the people who suggest that the "media" is purposefully distorting news stories about Oakland in some effort to tarnish the city must be wearing tin foil hats.

Last edited by Sam I Am; 03-20-2013 at 05:40 AM.. Reason: orphaned - the post you refer to has been deleted
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Unread 02-14-2013, 10:59 AM
 
6,874 posts, read 814,993 times
Reputation: 1911
Quote:
Originally Posted by DocGoldstein View Post
No, it doesn't upset me that imaginary investors in Oakland are profiting "exponentially".
Now ya slippery poster, you. You thought it was speculators, now ya say they are imaginary.
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Unread 02-14-2013, 11:00 AM
 
Location: Lafayette, CA
2,518 posts, read 1,377,945 times
Reputation: 578
Quote:
Originally Posted by Senno View Post
Now ya slippery poster, you. You thought it was speculators, now ya say they are imaginary.
The ones who are profiting "exponentially" are definitely imaginary. The speculators are real though.
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Unread 02-14-2013, 11:01 AM
 
Location: Oakland, CA
2,425 posts, read 1,744,764 times
Reputation: 1876
So the collective experience of countless Oaklanders who have lived in the city for years is all a lie. Got ya
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