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yseric

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Posts posted by yseric

    Home Prices and Mortgage Rates

    in General Discussion

    Posted

    My brother made a bid for a property in Fremont, there were 40+ competing bids.... :-[ :-[

     

    What cities are you looking at?  :)

     

    I been looking and making offers on houses (as investment). The competition is absolutely crazy here in the SF Bay Area. I would make my "resonable" offer  (cash, no contigencies, fast close) and the final sale price would be like 50-100k above my offer...

     

    Most of these houses are fixers but I still don't get it. After the cost of renovations (easily 100k+),  I don't know how these buyers/flippers plan to make money.  Maybe they are seeing something I'm not seeing.

    real estate

    in General Discussion

    Posted

    @BargainValueHunter, great, great, great question!  I've been thinking the same thing, when Buffett and Ackman said it's hard to scale, what do they really mean?

     

    @ERICOPOLY, I've talked to a few individual home investors, they all said property management companies don't do much.  They ended up doing most of the work themselves.  Now this does not mean all property management companies are like that.

     

    Also, I'm curious, when you go buy the house in Las Vegas, do you actually go check out the house?  Buying 100 houses in a few months seem like labor intensive, but I could be wrong..  :)

     

     

     

    real estate

    in General Discussion

    Posted

    That's a great question.  How do you manage the 100 homes.  I assume you would need to hire people to do that?  I‘m thinking of some real estate investments as well.  Any info would be appreciated.. :)

    Overstock Declares War on Online Retail

    in General Discussion

    Posted

    In the online retail business, I'm seeing winners in successful e-commerce giants like Amazon/eBay and traditional retail giants having online presence (Walmart.com, etc).  If I remember correctly, Amazon and Walmart.com have leading e-commerce market share in the U.S.  It's also interesting to notice traditional retailers have been catching up faster in the last couple of years when it comes to online business, with the help of search engine and other tools.  Can Walmart eventually out-comptete Amazon in this space remains to be seen due to economy of scale and selection.  But I think they can both do well.

     

    Another set of winners are the vertical sites like Zappos (focus on shoes), Newegg.com (focus on IT products).  These sites try to focus on certain verticals and they seem to be doing OK as well.  

     

    In the case of overstock.com, I still struggle to see how they can effectively compete in the long run.  I absolutely agree that they don't need to make a dent to Amazon in order to do well for themselves, but do they need to have some sort of a niche in order to consistently earn FCF?  However, I've never shopped at overstock.com, and my online product search engines experiences don't usually lead me to overstock.com either.  Maybe it's that I'm not familiar with the business enough....So please bear with me if I've made dumb comments... :P

     

     

     

    Nevertheless, Overstock.com seems more like a Lilu pick rather than a Buffett pick?   ;D  

     

     

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