Asians buy in OC…

[Coronita]

Article in bloomberg…

http://www.bloomberg.com/news/2012-03-13/asian-buyers-buoy-new-homes-in-california-s-orange-county.html

I feel poor…

Connie Wang paid about $960,000 last June for a new four-bedroom, four-bath house in a sprawling swath of Southern California that’s home to Disneyland and Pimco. Now she may buy a second as an investment.

“You know why Orange County is doing better?” said Wang, a native of Taiwan who splits her time between Shenzhen in southern China, where she oversees a toy-manufacturing business, and Irvine, California, where she raised her three children. “It’s because all my neighbors are from China and Taiwan, and they all bought their homes in cash.”

[sdrealtor]

Go long on Zynga;)

[The-Shoveler]

If our immigration policy was like Canada’s, this web site would probably have died a long time ago.
(but I think it has now taken a new life with a new purpose these days however).

[desmond]

I heard Carmelo is coming to the OC.

[sdrealtor]

Why not? Vanessa is available and she already has the big rock.

[ocrenter]

Seriously this was the main reason we moved to SD from Irvine. Asians are infamous for driving up real estate prices wherever they congregate. By moving to SD, we are able to buy a house that is less than 1/2 the price of similar home in Irvine, in a neighborhood with higher average income compared to the best area in Irvine. And without the malignant intra-Asian competition on everything from children’s grades in school to the type of car you drive.

As for Melo, looks like he is staying put in NY.

[Coronita]

[quote=ocrenter]Seriously this was the main reason we moved to SD from Irvine. Asians are infamous for driving up real estate prices wherever they congregate. By moving to SD, we are able to buy a house that is less than 1/2 the price of similar home in Irvine, in a neighborhood with higher average income compared to the best area in Irvine. And without the malignant intra-Asian competition on everything from children’s grades in school to the type of car you drive.

As for Melo, looks like he is staying put in NY.[/quote]

Go look at who’s buying in Del Mar Mesa recently…It ain’t that much better. But Irvine…It has always been fobbietown so I didn’t expect anything else.

That’s just fvcking great….I grew up in H.S. with the “second wave” fobbies from taiwan and korea that were so goddamn tacky and fvcking arrogant…Some of these H.S. punks had mommy/daddy buying them cars and homes nicer than I have now…….Now I get to live around “second wave” fobbies from china, who will probably be equally tacky… Time to dye my hair, inject hormones to change my skin color, change my last name, and start dressing like a punk rocker….

Thank you fvcking america for buying all the crappy shit from China…You did a great job making overseas people rich and fvcking annoying……

[ocrenter]

[quote=flu]

Go look at who’s buying in Del Mar Mesa recently…It ain’t that much better. But Irvine…It has always been fobbietown so I didn’t expect anything else.

That’s just fvcking great….I grew up in H.S. with the “second wave” fobbies from taiwan and korea that were so goddamn tacky and fvcking arrogant…Some of these H.S. punks had mommy/daddy buying them cars and homes nicer than I have now…….Now I get to live around “second wave” fobbies from china, who will probably be equally tacky… Time to dye my hair, inject hormones to change my skin color, change my last name, and start dressing like a punk rocker….

Thank you fvcking america for buying all the crappy shit from China…You did a great job making overseas people rich and fvcking annoying……[/quote]

yes, I do see a lot of migration down into SD, and more specifically CV (hence CV prices never really went down), but we are still more of a secondary destination compared to LA/OC.

per census data SD added almost 90k Asians from 2000 to 2010. that’s almost a 50% increase in 10 years. all Asian groups grew in numbers except for the Japs. If you look at SD population growth, SD grew from 2.8 million to 3.1 million. so essentially almost 1 out of 3 new SD resident over the 10 year period is Asian. I expect that trend to accelerate.

We are essentially 15 years behind OC as far as the Asian migration and influx. I was priced out in OC, but by moving to SD, I’m ahead of the fobbie peril. may be buying investment houses within the 56 corridor is the way to go given the pending invasion from OC, it is inevitable.

[scaredyclassic]

Did people used to say this stuff about the Jews?

[ocrenter]

[quote=walterwhite]Did people used to say this stuff about the Jews?[/quote]

The scary thing about that is there are over a billion Asians…

[an]

[quote=ocrenter][quote=walterwhite]Did people used to say this stuff about the Jews?[/quote]

The scary thing about that is there are over a billion Asians…[/quote]
Try about 3 billions :-). ~1.4B Chinese, ~1.4B Indians, and all the other Asian countries will push it over 3B.

[enron_by_the_sea]

Deleted

[dumbrenter]

Indians are not Asians.

[quote=AN][quote=ocrenter][quote=walterwhite]Did people used to say this stuff about the Jews?[/quote]

The scary thing about that is there are over a billion Asians…[/quote]
Try about 3 billions :-). ~1.4B Chinese, ~1.4B Indians, and all the other Asian countries will push it over 3B.[/quote]

[Tickles]

[quote=dumbrenter]Indians are not Asians.

[/quote]

Really? What are we then?

[an]

[quote=dumbrenter]Indians are not Asians.[/quote]
They’re not South Asians? Are you saying Wiki’s definition South Asians are wrong?

http://en.wikipedia.org/wiki/South_Asian

[Author]

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