E's Surf Report

What happened to the brigade?
flushed out by soaring real estate prices,
or scared off by shark stories?

I just have to respond to a comment by our local brainiac (not making fun of you, really mean it), the Blakestah. Stah, with all due respect, I think you missed the forecast on this one. Real Estate not a good long term investment? Wow. Name one investment that is better. In terms of tax treatment, historical returns, etc. You must like paying ordinary income on your earnings. You also must be new to California Real estate.

Here are a few simple examples from personal experience. These are just a few.

Long term

1)Great Grandmother- bought ranch in Marysville (olives) in early 1900's Still in family. Worth over 175x what she paid for it

2) Grandmother: Bought two acres in Mendocino and built house in late 50's on the cliff. All in for about 45K. Just sold for 2.5mm. Figure out the return. exempt from 500K on gains.

3) Mom- Bought house on peninsula for 50K in 1963. Sold three years ago for 3.7mm.That same house is now worth 6mm easy. that is a 74x return, plus the writeoffs and shelter on gain. Do the math on annual appreciation.Then tell me wher to beat it. I would love to know

Short term:

Bought 100 acres with partner in Desert for 65K per acre Feb 04.(leveraged at 75% loan to cost, 150 basis points above libor) Mapped for 390 lots, spent 3mm on sewer and water offsites, and 250K in entitlement (engineering, environmental, etc). No onsite improvements. Sold last month to # 4 publically traded homebuilder for 145K per lot. Bulk sale. Do the math. 1031 out for no short term tax burden.

Oh, and the tax basis? Long term capital gains. That would be 17%.

Dennis hit the nail on the head, Residential market softens? Buy apartment dirt. Commercial lease up in the toilet? Map for office condo and sell entitled office condo. Apartment market in the toilet? Buy apartment at 8% cap rate and condo map and sell as condos.

1031 out of it and leverasge into a few deals. Then leverage those deals at a 70% loan to value.Tax free cheap money. No one is making more dough than the guys in this space, with the exception of a few software guys, who are all paying ordinary income (42%)

Yes, you will have to pay the 1051 piper eventually, but there are ways around that....

Not posting name for what are, in my mind, obvious reasons.

hey Donald Trump, is that you?!?!

I guess theres a reason I'll never be rich. My eyes glaze over as I read stuff like that.

Mavs Charging Charger says buy low, sell high, go left, snap right, charge forward, leave behind, lie flat, stand tall, explode regularly, evaporate later, widen accordingly, slowly sink, and try at all cost to charge like a good charging charger should charge. I should charge you for this. CHARGE!!!

Hey, so if I invest in a $900,000 2bed/1bath piece of crap in the Sunset in 42 years it will be worth 74x that. Let's see, that means it will be worth $66,600,000 in the year 2047!

Or I could rent that same piece of crap and use my extra money and time traveling to fun places to surf. So what if I'm rich as hell at 80 years old? I won't be able to have nearly as much fun with all that money at that point...

Forgive me if I digress...I miss this. (Yes it's me but it's all I have right now to get the thread back to surf).

Thanks to Bruce for the shot.

I am so pissed at my great grandmother.

You guys sound like a bunch of yuppies. Keep those conversations for the water cooler breaks. SURF!!!!!!!!!!!!!!!!!

the point of anon's long email is, i believe, it takes money to make money

KDALLE-

I miss that too but its important to develope skill in knee high so that we can rip it in DOH realm....I'm impressed by the like of Chistian and ALEX for this reason...

Get off your long board in the summer and tear it up...I know you have it in you!!!!!

Anyone care to shout out the name of a good place for cpr/poss. water rescue class? Been putting this off for too long. Sorry to ask again! I think someone mentioned red cross, but I forget what day that was posted. Thanks...

I know it may sound a bit "trendy" but for the last few years I ahve been fascinated with , but have never pursued the "fish" style of boards. I too am now getting sick of seeing the malloy brothers fish riding adventures chronicled in the mags but am still curious about this wave vehicle, especially with the present conditions. I want to get one. Any suggestions? quad or twin or tri? My shortes shortboard is a 6'6'' lost, I weigh about 180. Thanks for any suggestions. I surfed with a dude at the beach who shaped a verynice fish that he was ripping but havent been able to make contact. thanks
peace

Kdalle- Awesome photo!!!!

Someday... I will get a barrel... But for now I am stickin with my small shoulder rides and the lengthly small waves.

Lovely shot Kdalle.

Maybe you can get a nice little twinzer from dobson and show pez what you got.

Past performance does not guarantee future success.

I thought the fish thing was as overplayed as the realty tip.

Enough real estate- it's depressing

Today everyone should post photos of themselves surfing (following in E's, Tom's, & Kdalle's pics)
Nice pics guys! Then maybe we can ID each other better in the H20

MCC let's see it!

TC's snap is so fat, I best most crucial snap ever!

Just got a fish very similar to the one pictured and I freaking love it. Fast and fun. The rule of thumb from Rich Pavel (San Diego Fish Masta) is get one about your height. Without getting into the science Manny From Mandala in Santa Cruz told me that the two extra trailing fins make it go backside better. My experience so far is that on a fish you can turn a waist-high mushburger into a really fun wave.

YO KDALLE NO DISRESPECT INTENDED!!! THAT wave is BIG AND BURLY!!!!!! You tackling it like a PRO!!!!Major props..I was just trying to motivate you in the spring slop...heres one of me in Puerto Esocndido!!!!!

bagel in fiji

caveman and 8west

christian

SS - I took a class at CCSF. It was a full semester and covered lots beyond just CPR like dealing with large cuts and broken bones and that kinda cool stuff. Not sure if you want that much info though. The calls is a requirement for nursing. I took it cuz I was doing some backpacking and had a few wild trips planned in back-country that never panned out:(

some kook

I miss this:

To C is for closeout- where did you get your fish?

ian

kdalle, that board looks kinda big...

One of my college buddies had a 4.0 in mechanical engineering at Duke, went on to get an MBA at UCLA, he thinks real estate is mediocre long term. His reasons???

Long term appreciation vs CPI - doesn't keep pace with others. You have to factor in upkeep as well.

That's not to say some people don't make a killing - cuz they do.

Surfed same spot as yesterday - kdalle's break - alone again, maybe some chest high thumpers at best, but breaking pretty nearly top to bottom. Got thumped in 6 inches of sand a lot. Good fun.

that guy with the BS post about being so rich from his grandmother is a liar.

"i am so rich, but anonymous. i am so smart" u phag.

jdz

lerm

lewis

matt yellow board

"Surfing Sucks, Dont try it"

Where are those shirts available at?

I'm usually on the other side of the lens, but..

lerm

e

Real Estate might be a good investment, but i would advocate falling ass-back into money. Trustafarians have it made.

Nice one Mexi!

Lets try this again....

You will make more money being "lucky" then you will by being "smart". But, if you happen to be "smart" and "lucky", they you will be fine.....

Me - I think it is the only one of its kind...

My girls....

Nice Mexi- Yeah I can relate to you, maybe have to trade some shots one day!

Nice shots Kdalle (charging on that big board!), E, Bagel, Ian and everyone else

Many Thanks to Bruce for this shot!

flap on a 9'0

Also much thanks to Bruce for some of my shots too!

sick wave Kdalle and Tom Carroll!

nice style Ian.

nice roof mexi

pez - pbase doesn't allow cross-linking. you could put it up on momentoffame.com and then link to it.

sorry couldnt get it to work

Kaiser, from the pictures looks like you got hella shacked then hella laid. Kudos.

4LOS finds thet SHIRT hilarious! :)

But this gets 4LOS to thinking:

WHAT IS LEFT WHEN WE ARE ALL **SO FUCKING COOL**???

Most surfers are selfish and violent, either inwardly or outwardly. Most of all the hippies, talk about pent-up angst. 4LOS has never met a bigger bunch of phony passive-aggressives in its entire life.

We cannot correct this behavior: the planet, life itself, the human race -- all were born of violence.

READ ADBUSTERS.

4LOS has read every issue since inception. Although it makes you well-informed, it also makes you depressed. Do not EVER read ADBUSTERS and expect to have a happy face at the end of it. You will not. EVER.

The ocean is the feminine, the abyss. 4LOS takes a dip frequently since 1983. 4LOS will see you in the water, e, and thank you for your website someday. Blog on....

-4LoveOfSurfing

Very surfable mid-morning on scrambled nuglets. The only pictures of me surfing that I know about are Bruce's from a year ago at Yawakcor when I was an uber-beginner; I was so stoked that he caught a wave where I was actually going down the line. (I tried to make the pic smaller but the blog software seems to nuke the width tag.) He also captured the near collision with a kneeboarder that ended the ride.

Rich Pavel at the Green Room in SD. If you order now you might have it for not-fish season in the fall. Try Manny at Mandala in Santa Cruz. He's a Pavel disciple who's a little closer.

Second from left.

Joey Boy Gomez is likely a liar himself, but most definelty a gurl for such snobby comment.

Bagel's waves look so fun.

Art, I'd love to trade spots behind the camera, but I'd proly bore a you to death, I suck. Sweet pocket you got there!

Fat waves Kdalle and Kaiser

FUCK YEAH on the niceness crew surf pics! Keeping me pumped as i finish up my 10 page final paper.

hoping to hit a white-sand beach with lots of hot moms walking around this evening down here in monterey county. woooohoo!

Adbuster Rules

If I ever catch a wave, I hope somebody takes a picture of it.

Surf check...

Nope, still onshore....

Some fun facts...

http://www.FairEconomy.org/images/Inequality.org/Family_Income_1979-2001.gif">

dennis, i am sure you'll get a wave someday. maybe after you've been surfing a few years. :)

dig the ego-posting today! truly. many sweet pics...and even surf check is preferable to Century 21.

got to the beach this AM, which isn't so big a deal unless you consider the 3:45 wakeup call it takes to DP. thus, i get one AM a week. today offered a sparking sunrise on micro peelers and the occasional chesty wedge. and i will freaking take it!!! haven't been this psyched since...i don't remember when. so tired of victory at sea in frigid temps. best part is the locale was a previously unpaddled-around point (for me).

keep posting photos.

HA HA HA HA HA! (sinister laugh) My plan has worked! Give away enough photos and everyone will forced to supress their laughter when they see me surf. Actually, it's pretty cool to share the stoke when someone gets their first organic surfing photo.

Here's my best immitation of Shamu the Killer Whale. (Thanks to Nat Young's mom for the pic.)

Blake-
Not to re-hash the arguments, but for every "smart guy" with an Egr degree and an MBA can be found someone with greater credentials who will present an opposing view. That's why Econ is not an exact science, nor is RE.

that distribution of wealth chart looks like a hot red thong. Maybe being broke has an upside after all.

I think we may be getting a shot at some good sized surf next Wednesday/Thurday. There's a swell builing and coming right at us. Better get the dust off my semi.

I suck, but it is nice to have the picture anyway. Thanks Bruce.

Sit back, relax, and enjoy.
http://www.whatisdeepfried.com/mego420.html

oh my holy! that joe o wave looks FUN!

Nice thong , there is a good side, yes there is indeed.

Hey blakestah,
Our dumbass president received a bachelor’s degree in history from Yale University in 1968, and then received a Master of Business Administration from Harvard Business School in 1975.
Maybe you should get some financial advise from him.....

Must be pretty nice to be world champ.

Just for the record, any posts from me are signed Dennis.

Here are some photo's I took with a disposable camera without surfers blocking the view so you can mind srf your own lines.

Ulu Peak (High Tide)

Racetracks to Inside Corner (Low tide)

didn't work again.

On the thong chart. What will happen if the 80% who only own less than 15% (some of which include cop's and military) start to realize they are being used?

Pez in Puerto

D0oof and I were out the same day as Joe O, if I didn't smoke so much I would remember the code and post our pics too.

I remember loving your rear arm extension. That day seemed so mellow and your posture was so full on. Then I saw the pictures and there was definitely some size on some of those humps. I think the day before and the day after was 1/2 again as big so it made that day seem like it was no big deal.

One more time. Ulu set up Peak, racetrack and corner.(via disposable camera)

here is the code friend 1 but it looks like i ruined the site.

THANKS E!!!

( )

It wasn't such an outrageous comment....just that on a gross scale - with historical context - real estate is not the best investment available. Stock market goes up 50%, historically, over 5 years. Historically, even a little better than SF real estate (over the last 30 years), and much much better and much much more liquifiable than nationwide real estate, and much better, long long term, than Bay Area real estate.

Not even factoring in upkeep and excess expenditures on interest for real estate.

Consumer price index goes up 10-12% in the same time - 5 years.

People win the lottery too, but that doesn't make it the basis of a good long-term investment strategy. Obviously a lot of people do invest in Bay Area real estate, and it has made people a lot of virtual money in the last five years. You could have said the same about tech stocks in the 90s.

Tom- I want to get in touch with you...

It's your buddy from Fiji....yellowshorts...

i guess this is ego stroking day

Hawaiian surfer girls...

<img width="600" src="http://momentoffame.com/photopost/uploads/1575/4720610-R1-050-23A.jpg">
</img>

<img width="600" src="http://momentoffame.com/photopost/uploads/1575/4720610-R1-052-24A.jpg">
</img>

BBR

THAT IS FRIGGIN INSANE!!!!!NICE!!!!!!!!!!

I don't have a photo to post. But pretend ok.

Visualize a peeling left, a linebacker built goofy foot, square off the bottom, straight up into the cascading lip, vertical intertia weightlessness, a crescendo of spray. Nice arm and hand positioning.

Just what are the Economics of surfing more and working less?

oh yeah. Curren Rules. I just ordered a 6foot9 Black beauty for Indo.

"Prices ranged from a low of $82,400 in the Youngstown-Warren area in Ohio, to more than eight times that in the San Francisco Bay area where the median price was $689,200. Anaheim-Santa Ana (Orange County, Calif.) was the second most expensive metro area at $656,900 and San Diego was third at $584,100."

"Regionally, the West showed the fastest growth at 16.9 percent. In the Northeast, prices rose 14.0 percent. The Midwest had increases of 7.8 percent and the South had a 6.6 percent price rise."

"The median house price was highest in the West, at $282,900, and lowest in the Midwest at $148,800."

IMHO the cool thing about owning real estate is that you get to live in your own home.

How do you deduct the value of real estate when measured against the frequency of Tornados and Hurricanes?

i lived back in americas "heartland" and the cost of living is reflective of the location.

Perfection is an ideal.

....picture sharing waves with Megan Abubu in Bali....

Go Surf!

I miss this:

According to a University of Michigan study, an investor who stayed in the US stock market during the entire 30-year period from 1963 to 1993-7,802 trading days-would have had an average annual return of 11.83 %. However, if the investor missed the 90 best days while trying to time the market, the average return would have fallen to 3.28% per annum.

Longterm surfing is associated with an expected decrement in social class relative to one's parents.

http://facs.scripps.edu/surf/srf_thes.html

My wife's fav pic of me surfing

Photo of the day BBR..

That must of hurt Blakestah...

all these surf pics today are niiiice. i wouldn't post one of me if i had it cuz y'all rip.

i can't see the bbr pic!! i get red-x'ed

grrr..

more tiny slop tomorrow! psyched!

e

Can you say Narrel?

Lady Diner Owner: "When are you gonna grow up and get a respectable job ?"

Leroy The Masochist: "Well, he's a well respected surfer"

Thank you Bruce for the photos.

man my pics are so wimpy compared to everyone else.

here's another one to make me feel better.

That pick of Dorkstah looks fake. I didn't check the calendar - is it "Look at Me" day? Friend #1 had to post the same pic twice? Way to go, dude. You're awesome!!

heheehe he siad dorkstah

heres a pic of me in MP, CR posted on this site on 9-2-03..

i want to be on lerm's wave

i want to be on BBR's wave!! HO!!!

Thanks for regulating Bushwack Bill,

I'm old and can't surf this small windswell shit we been getting lately.

Sorry for the ego stroke.

Maybe I should post pictures of my house to get the real estate thing going again.

Burning Spear - Live in Paris

Listen to it, learn it, love it, live it.

some cool/sexy photos and such

dorkstah...hehehehehhahahahahah

ego stroking indeed... bbr that pic was insane!!!

hey bay area! kinda amped, I may be making the move back to CA soon (SC? SB?) :) SURF! A little frumpy summer wind swell sounds like heaven right now.

I've read about some ob life saving posts here before, sorta overlooked them...but I had a very surreal weekend [ http://www.ptleader.com ] and can't wait for some water rescue classes and refresher CPR/first aid. Feels awkward to say it, but I'll repeat what's been written here before--getting some training is a great idea...I can't imagine having been one of the many happy camper/beachgoer folks out there who didn't bat an eye and now be trying to live with watching two folks die...
hmmm
anyhow, cheers to the surferfolks! can't wait to rejoin you.

The Brigade will post pictures soon. Posers beware! The Brigade foto album shows Gimps throwin' buckets, Alfie shredding switchie, and me wacking lip. Your Chick will be drooling, not because your a half mile outside of an obvious wasted tube in your shot, but because she'll finally see what A-Town Style surfing can do for a woman.

i want to know how much bigger bbr's wave looked on a sponge. yeoza!

i also want to know where blakestah was in the frame just before that photo. near barrel or near clockcleaning?

Just before that shot....

how do I paste a cool surf photo? not of me i am just a garbage picker he he he

Dennis do I know you from the big O?

Live in Paris Album.

Wilderness! Very niiiiiceness.

cool photos all.

Ben: Holy.....! Way to go!!! I wish you freaking good karma in spades. Welcome back, I trust you're returning via homemade Viking ship under the GG gate. Cheers and muchas olas,

oh yeah, score! found a couple bottles of redhook winter ale in the back of the beer fridge. gonna need 'em with my sonics about to take the court...ugh....

whoa, wait, is this ben as in boat builder ben who went away up north a year or two ago??

Blakestah, you really do think you are the smartest guy in every subject. Why don't you work on that stance and then get back with us.

toneman - the big O?

Ben, whoa! How lucky were those guys that you were there. I hear you about rescue training.

A link for SF'ers that was posted here a while ago:

Free CPR Classes In SF

Ben - You da man! That's something I always want to be prepared to do but never have to.

Whoa, this is interesting......

Hey, E. Sorry about crashing your site, but this is pretty fun. Time for a niceness troll photo page? If Blakestah's wife likes that shot there must be a healthy life insurance policy involved. My concept of a "big wave."

Pose - where's your pic? Or are you really just Poser?

Ben: There aren't many people that could/would have done what you did. You have good things coming to you man.

Way to go Ben, those two owe their lives to you.

How are you liking it up there?

Dennis,
the big O is a rivermoutn surfable 300 or so days a year back east in Maine.I suffed with a Dennis from California back in the 70s and by some weird chance I thought it might be you.He was one of the funniest people I have ever surfed with.

surfed not suffed

E
I have some cool shots from last winter. How can I post them. I would love to share the stoke.

Toneman - no. Sorry that wasn't me. Would like to hit there someday though.

Thank you.

anti-anxiety. by approved http://www.better-rx.com/ativan.html designed Ativan and relieve is disorders. nervousness, associated with mg in 2 each and anxiety anxiety, 1 to FDA mg tension 1963.

FDA to and by http://www.better-rx.com/diazepam.html anxiety, and disorders. mg 1 approved anti-anxiety. is associated nervousness, with 1963. each designed relieve in 2 mg Diazepam online tension anxiety

system suppressant is (nerves your decreases FDA, loss nervous each 75 cheapest Phentermine your which the mg weight blood and tablets. by approved appetite. pressure appetite http://www.better-rx.com/phentermine.html increases brain), and rate and stimulates central heart

minutes impotence 2003. in http://www.better-rx.com/impotence.html up in approved Impotence and drug works erectile 30 hours! dysfunction to became 36 FDA last medication