This statement is kind of profound in regards to trading -- But the key, difficult part is determining and having the foresight where those levels are I do this daily with the SPY/DOW/SPX/Nasdaq charts ...they're all basically the same, but I watch all four still for the collective average line.
Glen Park resident worried about venture capitalist's 'Zuckerberg-style neighborhood takeover' ByAlix Martichoux, SFGATE Updated 10:25 am, Thursday, April 13, 2017 Photo: Screenshot Via Google Maps IMAGE1OF20 Everson Street in the Glen Park neighborhood of San Francisco is the flashpoint of conflict between David Cowfer and two venture capitalists, one of whom has proposed developing a luxurious basketball court onwebsitededicated to the cause. On the website, Cowfer writes, "A Silicon Valley billionaire who lives at 2 Everson Street, at the end of the cul-de-sac, has purchased a second house, 43 Everson, four doors away on the very same street and plans to convert a six-bedroom family home into a one-bedroom party pad." He goes on to explain the plans for 43 Everson Street reportedly include a gym, basketball court, locker room, sauna and more. One feature he's particularly concerned with: "a two-story, 40-foot wide glass roll-up garage door on the south wall facing all the homes below," which he says will be create a bright eyesore and privacy issues. Cowfer writes, "Our ambitious neighbor is trying to turn the street into a private compound." Curbedhas identified the "ambitious neighbor" as venture capitalist Keith Rabois, known for his investments in PayPal, LinkedIn and Square (to name a few). He is considered a member of thePayPal Mafia, along with Peter Thiel and Elon Musk. Cowfer fears Rabois' development plans are only the beginning. Benjamin Ling, a venture capitalist coworker of Rabois, already owns a multimillion dollar home on Everson Street and Cowfer thinks he may also be planning to expand, according toBuzzFeed News. Cowfer told them a real estate agent called him on behalf of Ling to ask about purchasing his home. "It's like a Zuckerberg-style neighborhood takeover!" Cowfer's lawyer Ryan Patterson toldBuzzFeed. http://www.sfgate.com/bayarea/artic...de-sac-is-turning-11069512.php#photo-12712271
Extremes can be created by market and outside forces, except that extremes created by outside forces is more pronounced...
CITIES NEAR SAN FRANCISCO CityAverage home value Belvedere$3,558,000 Berkeley$986,400 Brisbane$807,700 Daly City$799,300 Mill Valley$1,418,300 Oakland$619,800 Richmond$406,800 Sausalito$1,203,400 Tiburon$2,360,800
If the area has become too rich for you to live there, then move the fuck out and let some other schmuck get suckered into paying the high rent. How is this not common sense?