Are Asians more bullish about housing in general…

[Coronita]

[quote=briansd1]Since love, marriage and real estate are inextricable intertwined, it might be a good idea for poor Anglo guys to date Asians women from professional families.

One of my friends got married and they got $200k wedding gift from the bride’s parents. I understand that in Asian culture the bride’s family does not pay for the wedding reception, but they offer a dowry.

I’ve been to some weddings and I know that wedding gifts are generally cash, not useless trinkets.

So parents’ gifts + wedding gifts = your 20% dowpayment. ;)[/quote]

Nice try..

More like
love + marriage – PRENUPTIAL AGREEMENT = what you get left

[SD Realtor]

FLU it is no use man… for however many smart people there are here, there are a hell of alot of stupid posts.

[SD Realtor]

FLU it is no use man… for however many smart people there are here, there are a hell of alot of stupid posts.

[SD Realtor]

FLU it is no use man… for however many smart people there are here, there are a hell of alot of stupid posts.

[SD Realtor]

FLU it is no use man… for however many smart people there are here, there are a hell of alot of stupid posts.

[SD Realtor]

FLU it is no use man… for however many smart people there are here, there are a hell of alot of stupid posts.

[nocommonsense]

[quote=flu][quote=carlsbadworker][quote=flu]Let’s put it in perspective. Folks that bought a place say in Shanghai in 2003, are probably seeing 400% gains today. Selling said place and buying say a $1million place say in San Marino(even though folks might think is expensive, overpriced, etc) is still probably “safer” than keeping it in Shanghai. Plus, even if things depreciate, I’m sure folks would still come out ahead.
[/quote]

As a 1st generation asian immigrant, I’d say this is quite true. Sometimes I look at my less well-off American friends and think of the many ways they could’ve cut down their expenses. I guess it has everything to do with lifestyle and spending mentality. Starbucks would’ve gone out of business a long time ago if everyone was like me–why pay > $2 for a cup of coffee on my way to work while I can get it for free AT work?

My parents are even worse. They keep telling me the million ways we’re being wasteful and how much money they would’ve saved if they had my income. Did your parents ever tell you that Flu? In a way I admire my parents for being that way. They have little demand in life and are easily content and satisfied. And they’re misers only to themselves and are extremely generous to meet others’ needs.

[nocommonsense]

[quote=flu][quote=carlsbadworker][quote=flu]Let’s put it in perspective. Folks that bought a place say in Shanghai in 2003, are probably seeing 400% gains today. Selling said place and buying say a $1million place say in San Marino(even though folks might think is expensive, overpriced, etc) is still probably “safer” than keeping it in Shanghai. Plus, even if things depreciate, I’m sure folks would still come out ahead.
[/quote]

As a 1st generation asian immigrant, I’d say this is quite true. Sometimes I look at my less well-off American friends and think of the many ways they could’ve cut down their expenses. I guess it has everything to do with lifestyle and spending mentality. Starbucks would’ve gone out of business a long time ago if everyone was like me–why pay > $2 for a cup of coffee on my way to work while I can get it for free AT work?

My parents are even worse. They keep telling me the million ways we’re being wasteful and how much money they would’ve saved if they had my income. Did your parents ever tell you that Flu? In a way I admire my parents for being that way. They have little demand in life and are easily content and satisfied. And they’re misers only to themselves and are extremely generous to meet others’ needs.

[nocommonsense]

[quote=flu][quote=carlsbadworker][quote=flu]Let’s put it in perspective. Folks that bought a place say in Shanghai in 2003, are probably seeing 400% gains today. Selling said place and buying say a $1million place say in San Marino(even though folks might think is expensive, overpriced, etc) is still probably “safer” than keeping it in Shanghai. Plus, even if things depreciate, I’m sure folks would still come out ahead.
[/quote]

As a 1st generation asian immigrant, I’d say this is quite true. Sometimes I look at my less well-off American friends and think of the many ways they could’ve cut down their expenses. I guess it has everything to do with lifestyle and spending mentality. Starbucks would’ve gone out of business a long time ago if everyone was like me–why pay > $2 for a cup of coffee on my way to work while I can get it for free AT work?

My parents are even worse. They keep telling me the million ways we’re being wasteful and how much money they would’ve saved if they had my income. Did your parents ever tell you that Flu? In a way I admire my parents for being that way. They have little demand in life and are easily content and satisfied. And they’re misers only to themselves and are extremely generous to meet others’ needs.

[nocommonsense]

[quote=flu][quote=carlsbadworker][quote=flu]Let’s put it in perspective. Folks that bought a place say in Shanghai in 2003, are probably seeing 400% gains today. Selling said place and buying say a $1million place say in San Marino(even though folks might think is expensive, overpriced, etc) is still probably “safer” than keeping it in Shanghai. Plus, even if things depreciate, I’m sure folks would still come out ahead.
[/quote]

As a 1st generation asian immigrant, I’d say this is quite true. Sometimes I look at my less well-off American friends and think of the many ways they could’ve cut down their expenses. I guess it has everything to do with lifestyle and spending mentality. Starbucks would’ve gone out of business a long time ago if everyone was like me–why pay > $2 for a cup of coffee on my way to work while I can get it for free AT work?

My parents are even worse. They keep telling me the million ways we’re being wasteful and how much money they would’ve saved if they had my income. Did your parents ever tell you that Flu? In a way I admire my parents for being that way. They have little demand in life and are easily content and satisfied. And they’re misers only to themselves and are extremely generous to meet others’ needs.

[nocommonsense]

[quote=flu][quote=carlsbadworker][quote=flu]Let’s put it in perspective. Folks that bought a place say in Shanghai in 2003, are probably seeing 400% gains today. Selling said place and buying say a $1million place say in San Marino(even though folks might think is expensive, overpriced, etc) is still probably “safer” than keeping it in Shanghai. Plus, even if things depreciate, I’m sure folks would still come out ahead.
[/quote]

As a 1st generation asian immigrant, I’d say this is quite true. Sometimes I look at my less well-off American friends and think of the many ways they could’ve cut down their expenses. I guess it has everything to do with lifestyle and spending mentality. Starbucks would’ve gone out of business a long time ago if everyone was like me–why pay > $2 for a cup of coffee on my way to work while I can get it for free AT work?

My parents are even worse. They keep telling me the million ways we’re being wasteful and how much money they would’ve saved if they had my income. Did your parents ever tell you that Flu? In a way I admire my parents for being that way. They have little demand in life and are easily content and satisfied. And they’re misers only to themselves and are extremely generous to meet others’ needs.

[an]

[quote=flu][quote=AN][quote=carlsbadworker]Because they have no idea how much wealth they needed and how to generate sustained cashflow, so they tend to over-save (maximize 401K in both spouses’ accounts) and do nothing when inflation kicks in.[/quote]
How do you “over-save”?[/quote]

Simple, excessively contribute to a 401k, so that in your golden years you are taxed hire post retirement than during your earning years…After all, you’re forced to take mandatory distributions at a certain age. If it goes below a limit, you pay penalties, if you take distributions above a limit, you pay penalties too…[/quote]
You’re assuming the saving is in 401k. What about Roth IRA, Roth 401k, cash, houses, investments in small biz, investment in small biz that grew to mid size biz, etc.?

[an]

[quote=flu][quote=AN][quote=carlsbadworker]Because they have no idea how much wealth they needed and how to generate sustained cashflow, so they tend to over-save (maximize 401K in both spouses’ accounts) and do nothing when inflation kicks in.[/quote]
How do you “over-save”?[/quote]

Simple, excessively contribute to a 401k, so that in your golden years you are taxed hire post retirement than during your earning years…After all, you’re forced to take mandatory distributions at a certain age. If it goes below a limit, you pay penalties, if you take distributions above a limit, you pay penalties too…[/quote]
You’re assuming the saving is in 401k. What about Roth IRA, Roth 401k, cash, houses, investments in small biz, investment in small biz that grew to mid size biz, etc.?

[an]

[quote=flu][quote=AN][quote=carlsbadworker]Because they have no idea how much wealth they needed and how to generate sustained cashflow, so they tend to over-save (maximize 401K in both spouses’ accounts) and do nothing when inflation kicks in.[/quote]
How do you “over-save”?[/quote]

Simple, excessively contribute to a 401k, so that in your golden years you are taxed hire post retirement than during your earning years…After all, you’re forced to take mandatory distributions at a certain age. If it goes below a limit, you pay penalties, if you take distributions above a limit, you pay penalties too…[/quote]
You’re assuming the saving is in 401k. What about Roth IRA, Roth 401k, cash, houses, investments in small biz, investment in small biz that grew to mid size biz, etc.?

[an]

[quote=flu][quote=AN][quote=carlsbadworker]Because they have no idea how much wealth they needed and how to generate sustained cashflow, so they tend to over-save (maximize 401K in both spouses’ accounts) and do nothing when inflation kicks in.[/quote]
How do you “over-save”?[/quote]

Simple, excessively contribute to a 401k, so that in your golden years you are taxed hire post retirement than during your earning years…After all, you’re forced to take mandatory distributions at a certain age. If it goes below a limit, you pay penalties, if you take distributions above a limit, you pay penalties too…[/quote]
You’re assuming the saving is in 401k. What about Roth IRA, Roth 401k, cash, houses, investments in small biz, investment in small biz that grew to mid size biz, etc.?

[Author]

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