- This topic has 19 replies, 9 voices, and was last updated 6 years, 2 months ago by
FlyerInHi.
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February 2, 2017 at 4:03 PM #22266February 2, 2017 at 5:47 PM #805322
CoronitaParticipantI think that because now we se 85c Bakery and Ding Tai Fung soon to be in UTC, that’s a sign…
The cat is out of the bag, and San Diego has caught on…. I think what we’ll see is certain pockets in San Diego slowly turn into places like Irvine or Diamond Bar, etc.
February 2, 2017 at 6:00 PM #805323an
ParticipantI hope you’re right flu.
February 2, 2017 at 6:26 PM #805325spdrun
ParticipantI hope flu is wrong — the market needs a right hook to the jaw from Crashius Cray.
February 3, 2017 at 5:48 AM #805330The-Shoveler
ParticipantI think SoCal in general is becoming a lot more Asian,
I live out in the boonies and ever since they built a Buddhist temple (or maybe retreat I am not sure) in the area I am seeing a lot more Asian home buyers out here.
It’s not really the kind of place I would expect a lot of Asian buyers but I guess what heck do I know.
February 3, 2017 at 1:54 PM #805349gzz
ParticipantI don’t think Chinese money will stop until China is as safe, clean, and secure place to live as the favored overseas destinations. In the mean time, the incomes and savings of the upper and upper middle class will continue to grow 5-10% a year.
Keep in mind that SF Bay, LA, Vancouver and London have all greatly outpaced San Diego’s growth. San Diego County is currently 11.1% Asian which is a good critical mass to make overseas Chinese feel comfortable.
February 3, 2017 at 2:39 PM #805350CoronitaParticipantIve noticed also the rich there are trying to GTFO out China before the economy crashes and the ruling party goes after all the rich people.
February 3, 2017 at 4:02 PM #805351ocrenter
Participant[quote=flu]I think that because now we se 85c Bakery and Ding Tai Fung soon to be in UTC, that’s a sign…
The cat is out of the bag, and San Diego has caught on…. I think what we’ll see is certain pockets in San Diego slowly turn into places like Irvine or Diamond Bar, etc.[/quote]
I agree.
Once Irvine got the two Ranch 99 markets within 10 minutes of each other, it has never looked back. Ranch 99 is very conservative, so unless they have the numbers to sustain two stores, they would not have made their move. With the new Balboa store and them keeping the old Clairemont Mesa store open, the floodgate now opens…
February 3, 2017 at 4:14 PM #805352mixxalot
ParticipantGood I want socal real estate prices to plunge to 50% crash!!!! Bring it out so I can buy a nice Solana Del Mar beach home for 200k. That would be so awesome. Then BG and Zika can have their tag team smackdown match on my private beach and I can make a pay per view realtard video.
February 3, 2017 at 4:14 PM #805353ParticipantI like Zion market way better. Cleaner and just as good.
February 3, 2017 at 6:25 PM #805354CoronitaParticipant[quote=ocrenter]
Once Irvine got the two Ranch 99 markets within 10 minutes of each other, it has never looked back. Ranch 99 is very conservative, so unless they have the numbers to sustain two stores, they would not have made their move. With the new Balboa store and them keeping the old Clairemont Mesa store open, the floodgate now opens…[/quote]There’s a reason why they did this. Someone in my circle knows the people that run the place in San Diego.
The two stores exist and the do sort of cannibalize each other’s sales. The reason why they did this was if they didn’t there was going to be someone else that was going to do it (IE a korean supermarket). And then that would have impacted their sales. So, the thought was to have two locations to minimize another competitor.
February 3, 2017 at 10:12 PM #805358Participant[quote=flu][quote=ocrenter]
Once Irvine got the two Ranch 99 markets within 10 minutes of each other, it has never looked back. Ranch 99 is very conservative, so unless they have the numbers to sustain two stores, they would not have made their move. With the new Balboa store and them keeping the old Clairemont Mesa store open, the floodgate now opens…[/quote]There’s a reason why they did this. Someone in my circle knows the people that run the place in San Diego.
The two stores exist and the do sort of cannibalize each other’s sales. The reason why they did this was if they didn’t there was going to be someone else that was going to do it (IE a korean supermarket). And then that would have impacted their sales. So, the thought was to have two locations to minimize another competitor.[/quote]
A bit too late, they already lost a big chunk of 4S/RB/SR business to H-Mart when they took over the Ralphs over at east end of Mira Mesa.
February 7, 2017 at 5:28 AM #805401ParticipantNobody knows China better than the only other country within the greater sinosphere, Taiwan. Here’s an article reporting escalation of capital flight, this time, complete departure of all capital by Taiwanese investors. A lot of that cash will likely end up in Californian real estate.
http://www.chinapost.com.tw/taiwan/business/2017/02/06/490900/SPECIAL-REPORT.htm
February 7, 2017 at 10:59 AM #805410FlyerInHi
Guest[quote=ocrenter]Nobody knows China better than the only other country within the greater sinosphere, Taiwan. Here’s an article reporting escalation of capital flight, this time, complete departure of all capital by Taiwanese investors. A lot of that cash will likely end up in Californian real estate.
http://www.chinapost.com.tw/taiwan/business/2017/02/06/490900/SPECIAL-REPORT.htm
[/quote]A china collapse has been discussed since the late 90s. But has been proven wrong.
I happen to know a lot of Chinese people. They may buy houses in California for their kids to go to school. But then what? They can’t get executive jobs here so they get bored to death in America or Australia. When they see stability return, they will be back in China.
Problem with divesting is that you lose connections and the ability to seize opportunities as they happen. People who left in early 2000 lost a decade of money making opportunities in China. That was big money compared the previous decades.
Oftentimes you see wife and kids living abroad with husband staying back to keep a presence.
February 7, 2017 at 11:51 AM #805411ParticipantCall it a managed economy or what ever, but the China Gov knows it must keep the housing/condo bubble going else instability etc…
Only the Americans are stupid enough to let their market collapse.
You will notice the Canadians and most of Europe did not suffer that etc..
Also you need to remember in China the Gov IS THE BANK.
Anyway IMO.
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