A Quote by Virginia Postrel
Some of the higher price of L.A. real estate does reflect the intrinsic pleasure of living there, as I'm reminded every time I walk out my door into the perfect weather.
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The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price.
The business side of real estate investing is fraught with risk. Unlike purchasing mutual funds or savings bonds, with real estate, you can lose money; this is one of the reasons that seasoned real estate investors caution neophytes never to get too emotional about a property and always be willing to walk away.
When are Christian folks going to remember that every time you call yourself a Christian, you invoke the name of God, and that if you then walk a walk that does not reflect the presence of Christ in your life, cast a vote that does not reflect the presence of Christ in your life, then you are taking the name of the Lord your God in vain?
What is John Arriaga's circle of competence? Is it real estate? No! Is it U.S. real estate? No! Is it California real estate? No! Northern California real estate? No! Only real estate around Stanford. His circle of competence is this small.
I'm all about taking chances. You have to ask yourself, if you're not taking any chances, are you actually even living? Every time you walk out of your door and you're out in the world, you take a chance on not coming back. That is the danger and the dynamic of being alive.
Edge also implies what Ben Graham....called a margin of safety. You have a margin of safety when you buy an asset at a price that is substantially less than its value. As Graham noted, the margin of safety 'is available for absorbing the effect of miscalculations or worse than average luck.' ...Graham expands, "The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price."
In addition to offering benefits to those who invest, carry out research, and create jobs, higher taxes on land and real-estate speculation would redirect capital toward productivity-enhancing spending - the key to long-term improvement in living standards.
Is there some risk every day we walk out our front door? Every time we get in our car? Yeah. Are we materially less safe now than we were 10 years ago? Whatever delta there is, it's very small.
As every real estate agent knows, a poor house in good surroundings will sell for a higher price than a better house in poor surroundings, and in a town they confidently ask 25 percent more rent for a flat with a view of a park that for an identical flat with no view.
What people really haven't thought about with real estate is, if you get tax reform, you're going to see real estate now... the velocity of selling and buying real estate will just kick.
I think a lot of people try to time the market when it comes to buying or selling a property or investing in real estate, but the real secret to real estate is not timing the market, but time in the market.
Whenever the weather licks the pilot instead of him lickin' the weather, he's finished. The first time makes the second time easier. And the first thing he knows, he's in trouble when the weather is perfect.
I walk into a restaurant, and people stare as though I've just landed from another planet. Every time I walk out in public, it's like the alien freak show has arrived. It does have its advantages. I hardly ever get bothered by the paparazzi, probably because of some of the more edgy characters I've played in movies.
We have Christians against Muslims against Jews. They're making incompatible claims on real estate in the Middle East as though God were some kind of omniscient real estate broker parsing out parcels of land to his chosen flock. People are literally dying over ancient literature.
By 2003, every fool was getting into real estate. The checkout girl at my local supermarket handed me her newly printed real estate agent business card.
Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.
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