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RatherOpinionated.
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December 13, 2007 at 7:38 PM #116758December 13, 2007 at 7:43 PM #116545
patientrenter
Participantflu, I have to admit that, of my various friends, the ones who have, or know others who have, $1-2 million in free cash to buy a home in So Ca are all Asian. All the others have the money, er, ‘tied up’ right now.
To the extent the stereotype is true, it’s probably just a result of history: For generations in many Asian countries, there was enough instability and poverty to make people feel they needed to hoard as much as possible in the safest possible asset. Now, very recently, many of those counties are producing very wealthy people, and they still carry some of that earlier baggage.
Patient renter in OC
December 13, 2007 at 7:43 PM #116676patientrenter
Participantflu, I have to admit that, of my various friends, the ones who have, or know others who have, $1-2 million in free cash to buy a home in So Ca are all Asian. All the others have the money, er, ‘tied up’ right now.
To the extent the stereotype is true, it’s probably just a result of history: For generations in many Asian countries, there was enough instability and poverty to make people feel they needed to hoard as much as possible in the safest possible asset. Now, very recently, many of those counties are producing very wealthy people, and they still carry some of that earlier baggage.
Patient renter in OC
December 13, 2007 at 7:43 PM #116707patientrenter
Participantflu, I have to admit that, of my various friends, the ones who have, or know others who have, $1-2 million in free cash to buy a home in So Ca are all Asian. All the others have the money, er, ‘tied up’ right now.
To the extent the stereotype is true, it’s probably just a result of history: For generations in many Asian countries, there was enough instability and poverty to make people feel they needed to hoard as much as possible in the safest possible asset. Now, very recently, many of those counties are producing very wealthy people, and they still carry some of that earlier baggage.
Patient renter in OC
December 13, 2007 at 7:43 PM #116750patientrenter
Participantflu, I have to admit that, of my various friends, the ones who have, or know others who have, $1-2 million in free cash to buy a home in So Ca are all Asian. All the others have the money, er, ‘tied up’ right now.
To the extent the stereotype is true, it’s probably just a result of history: For generations in many Asian countries, there was enough instability and poverty to make people feel they needed to hoard as much as possible in the safest possible asset. Now, very recently, many of those counties are producing very wealthy people, and they still carry some of that earlier baggage.
Patient renter in OC
December 13, 2007 at 7:43 PM #116764patientrenter
Participantflu, I have to admit that, of my various friends, the ones who have, or know others who have, $1-2 million in free cash to buy a home in So Ca are all Asian. All the others have the money, er, ‘tied up’ right now.
To the extent the stereotype is true, it’s probably just a result of history: For generations in many Asian countries, there was enough instability and poverty to make people feel they needed to hoard as much as possible in the safest possible asset. Now, very recently, many of those counties are producing very wealthy people, and they still carry some of that earlier baggage.
Patient renter in OC
December 13, 2007 at 7:54 PM #116555luxuryglow
ParticipantPatientrenter…
OR say…they are just simply smart and wise!
December 13, 2007 at 7:54 PM #116686luxuryglow
ParticipantPatientrenter…
OR say…they are just simply smart and wise!
December 13, 2007 at 7:54 PM #116717luxuryglow
ParticipantPatientrenter…
OR say…they are just simply smart and wise!
December 13, 2007 at 7:54 PM #116760luxuryglow
ParticipantPatientrenter…
OR say…they are just simply smart and wise!
December 13, 2007 at 7:54 PM #116774luxuryglow
ParticipantPatientrenter…
OR say…they are just simply smart and wise!
December 13, 2007 at 8:04 PM #116563privatebanker
ParticipantUh…the Hawaiian islands are volcanic seamounts which would if anything slowly erode over a very long period of time… And yes, certain areas of the SD market can fall by that much, no problem. Any “investment” that goes up so rapidly with no supporting fundamentals will certainly correct or even overcorrect.
December 13, 2007 at 8:04 PM #116696privatebanker
ParticipantUh…the Hawaiian islands are volcanic seamounts which would if anything slowly erode over a very long period of time… And yes, certain areas of the SD market can fall by that much, no problem. Any “investment” that goes up so rapidly with no supporting fundamentals will certainly correct or even overcorrect.
December 13, 2007 at 8:04 PM #116727privatebanker
ParticipantUh…the Hawaiian islands are volcanic seamounts which would if anything slowly erode over a very long period of time… And yes, certain areas of the SD market can fall by that much, no problem. Any “investment” that goes up so rapidly with no supporting fundamentals will certainly correct or even overcorrect.
December 13, 2007 at 8:04 PM #116769privatebanker
ParticipantUh…the Hawaiian islands are volcanic seamounts which would if anything slowly erode over a very long period of time… And yes, certain areas of the SD market can fall by that much, no problem. Any “investment” that goes up so rapidly with no supporting fundamentals will certainly correct or even overcorrect.
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