- This topic has 75 replies, 13 voices, and was last updated 17 years ago by RatherOpinionated.
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December 13, 2007 at 7:38 PM #116758December 13, 2007 at 7:43 PM #116707patientrenterParticipant
flu, 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 #116750patientrenterParticipantflu, 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 #116676patientrenterParticipantflu, 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 #116764patientrenterParticipantflu, 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 #116545patientrenterParticipantflu, 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 #116760luxuryglowParticipantPatientrenter…
OR say…they are just simply smart and wise!
December 13, 2007 at 7:54 PM #116686luxuryglowParticipantPatientrenter…
OR say…they are just simply smart and wise!
December 13, 2007 at 7:54 PM #116774luxuryglowParticipantPatientrenter…
OR say…they are just simply smart and wise!
December 13, 2007 at 7:54 PM #116555luxuryglowParticipantPatientrenter…
OR say…they are just simply smart and wise!
December 13, 2007 at 7:54 PM #116717luxuryglowParticipantPatientrenter…
OR say…they are just simply smart and wise!
December 13, 2007 at 8:04 PM #116769privatebankerParticipantUh…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 #116784privatebankerParticipantUh…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 #116727privatebankerParticipantUh…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 #116563privatebankerParticipantUh…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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