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CoronitaParticipantLong live tech! 🙂 I’m trying to understand the fundamental justification for something like this.
1/2007 Juniper Networks $19.
8/2007 Juniper Networks $34.Have the fundamentals changed at all in 8 months? Nope. I can’t explain this, except to say that it appears tech is kicking back lately and creating yet another bubble.
CoronitaParticipantLong live tech! 🙂 I’m trying to understand the fundamental justification for something like this.
1/2007 Juniper Networks $19.
8/2007 Juniper Networks $34.Have the fundamentals changed at all in 8 months? Nope. I can’t explain this, except to say that it appears tech is kicking back lately and creating yet another bubble.
CoronitaParticipantLong live tech! 🙂 I’m trying to understand the fundamental justification for something like this.
1/2007 Juniper Networks $19.
8/2007 Juniper Networks $34.Have the fundamentals changed at all in 8 months? Nope. I can’t explain this, except to say that it appears tech is kicking back lately and creating yet another bubble.
CoronitaParticipantvrudny, you were smart to marry a hot Chinese woman. She'll stay young, beautiful and thin for a long time. I come across as shallow also so I know what you mean. 🙂 I'm sure she's very intelligent as well. No wonder you're able to take advantage of investment opportunities in China. BTW, I agree with your post on the rise of China on a different thread. Your kids will definitely have a leg up in the 21st Century. Make sure they spend the summmers in China learning Mandarin. About Vancouver, I don't love the city for the weather. I love it for winter sports and for the excellent chinese food. Downtown Vancouver is also pretty nice.
Marrying her is the smartest move I made all my life. I looked for a woman that has far better character than mine, and found one in her.>>>She arrived here from China four years ago. She got her BA in education; then she got her Masters in Education; then she starting working for Stanford University during the summer, and she’s been hired by Palo Alto school district (the Del Mar of Silicon Valley). That’s four years in America. She’s going to do a PhD at Stanford next. Amazing. If she keeps this up maybe I can retire early. 🙂
Just one word of caution though vrudny… Unless your wife is still a citizen in china, China is closing investments to most foreigners. As such, the only way around this would be to have asset's in your wife's name if she is still a citizen or one of her relative(s) name (if she already naturalized here). As such, you as a gualo, have no legal claims to the asset. I hope you trust your wife and or her relatives (if she is going that route). The only reason why I'm bringing this up is because I'm pretty much in the same boat. My wife got her U.S. citizenship, and she wanted to put more "investments" in china. Problem is, it would have to be mostly in her relative's name, and I(we) would have no legal claim. As such, as much as I want to pour things into china, my own cautious mind tells me mixing money with relatives isn't a good idea, so we've stayed away from big investments. The reason being is culturally, the family is very tight. It doesn’t matter you are married. Quite often, your spouse will be closer to his/her relatives for the first couple of years of marriage.
IF something sour happens wrto finances, you will be out of luck, because you are placing your faith in not just your wife’s hands but whoever is running assets on her behalf.That aside, China imho is one big bubble. It's scary how much "control" the government has in deciding economic policies at whim. For that reason, I again, wouldn't bank a lot in china as a foreigner.
CoronitaParticipantvrudny, you were smart to marry a hot Chinese woman. She'll stay young, beautiful and thin for a long time. I come across as shallow also so I know what you mean. 🙂 I'm sure she's very intelligent as well. No wonder you're able to take advantage of investment opportunities in China. BTW, I agree with your post on the rise of China on a different thread. Your kids will definitely have a leg up in the 21st Century. Make sure they spend the summmers in China learning Mandarin. About Vancouver, I don't love the city for the weather. I love it for winter sports and for the excellent chinese food. Downtown Vancouver is also pretty nice.
Marrying her is the smartest move I made all my life. I looked for a woman that has far better character than mine, and found one in her.>>>She arrived here from China four years ago. She got her BA in education; then she got her Masters in Education; then she starting working for Stanford University during the summer, and she’s been hired by Palo Alto school district (the Del Mar of Silicon Valley). That’s four years in America. She’s going to do a PhD at Stanford next. Amazing. If she keeps this up maybe I can retire early. 🙂
Just one word of caution though vrudny… Unless your wife is still a citizen in china, China is closing investments to most foreigners. As such, the only way around this would be to have asset's in your wife's name if she is still a citizen or one of her relative(s) name (if she already naturalized here). As such, you as a gualo, have no legal claims to the asset. I hope you trust your wife and or her relatives (if she is going that route). The only reason why I'm bringing this up is because I'm pretty much in the same boat. My wife got her U.S. citizenship, and she wanted to put more "investments" in china. Problem is, it would have to be mostly in her relative's name, and I(we) would have no legal claim. As such, as much as I want to pour things into china, my own cautious mind tells me mixing money with relatives isn't a good idea, so we've stayed away from big investments. The reason being is culturally, the family is very tight. It doesn’t matter you are married. Quite often, your spouse will be closer to his/her relatives for the first couple of years of marriage.
IF something sour happens wrto finances, you will be out of luck, because you are placing your faith in not just your wife’s hands but whoever is running assets on her behalf.That aside, China imho is one big bubble. It's scary how much "control" the government has in deciding economic policies at whim. For that reason, I again, wouldn't bank a lot in china as a foreigner.
CoronitaParticipantvrudny, you were smart to marry a hot Chinese woman. She'll stay young, beautiful and thin for a long time. I come across as shallow also so I know what you mean. 🙂 I'm sure she's very intelligent as well. No wonder you're able to take advantage of investment opportunities in China. BTW, I agree with your post on the rise of China on a different thread. Your kids will definitely have a leg up in the 21st Century. Make sure they spend the summmers in China learning Mandarin. About Vancouver, I don't love the city for the weather. I love it for winter sports and for the excellent chinese food. Downtown Vancouver is also pretty nice.
Marrying her is the smartest move I made all my life. I looked for a woman that has far better character than mine, and found one in her.>>>She arrived here from China four years ago. She got her BA in education; then she got her Masters in Education; then she starting working for Stanford University during the summer, and she’s been hired by Palo Alto school district (the Del Mar of Silicon Valley). That’s four years in America. She’s going to do a PhD at Stanford next. Amazing. If she keeps this up maybe I can retire early. 🙂
Just one word of caution though vrudny… Unless your wife is still a citizen in china, China is closing investments to most foreigners. As such, the only way around this would be to have asset's in your wife's name if she is still a citizen or one of her relative(s) name (if she already naturalized here). As such, you as a gualo, have no legal claims to the asset. I hope you trust your wife and or her relatives (if she is going that route). The only reason why I'm bringing this up is because I'm pretty much in the same boat. My wife got her U.S. citizenship, and she wanted to put more "investments" in china. Problem is, it would have to be mostly in her relative's name, and I(we) would have no legal claim. As such, as much as I want to pour things into china, my own cautious mind tells me mixing money with relatives isn't a good idea, so we've stayed away from big investments. The reason being is culturally, the family is very tight. It doesn’t matter you are married. Quite often, your spouse will be closer to his/her relatives for the first couple of years of marriage.
IF something sour happens wrto finances, you will be out of luck, because you are placing your faith in not just your wife’s hands but whoever is running assets on her behalf.That aside, China imho is one big bubble. It's scary how much "control" the government has in deciding economic policies at whim. For that reason, I again, wouldn't bank a lot in china as a foreigner.
CoronitaParticipantThe sarcasm is what makes this place so entertaining.
JWM, I would draw you a nice diagram, but I had to pawn my last crayon off to make payments on my negatively amortizing loan after spending all my equity on a Hummer.
CoronitaParticipantThe sarcasm is what makes this place so entertaining.
JWM, I would draw you a nice diagram, but I had to pawn my last crayon off to make payments on my negatively amortizing loan after spending all my equity on a Hummer.
CoronitaParticipantThe sarcasm is what makes this place so entertaining.
JWM, I would draw you a nice diagram, but I had to pawn my last crayon off to make payments on my negatively amortizing loan after spending all my equity on a Hummer.
CoronitaParticipantouch…and to think a jumbo about 3 years ago was 5.5%
It’s hysterical. Loan agents still cold call me to try refinance. They were touting a great 5/1 at 6.5%ish…
One thing I look forward to. I hope it’s no longer to be sexy to be in the housing industry, so that annoying people will stop bugging me about refinancing, and I’ll stop receiving all this junk mail about new homes and refinancing. I get about 10 solicitations in the mail per week about new homes or refinancing.
CoronitaParticipantouch…and to think a jumbo about 3 years ago was 5.5%
It’s hysterical. Loan agents still cold call me to try refinance. They were touting a great 5/1 at 6.5%ish…
One thing I look forward to. I hope it’s no longer to be sexy to be in the housing industry, so that annoying people will stop bugging me about refinancing, and I’ll stop receiving all this junk mail about new homes and refinancing. I get about 10 solicitations in the mail per week about new homes or refinancing.
CoronitaParticipantouch…and to think a jumbo about 3 years ago was 5.5%
It’s hysterical. Loan agents still cold call me to try refinance. They were touting a great 5/1 at 6.5%ish…
One thing I look forward to. I hope it’s no longer to be sexy to be in the housing industry, so that annoying people will stop bugging me about refinancing, and I’ll stop receiving all this junk mail about new homes and refinancing. I get about 10 solicitations in the mail per week about new homes or refinancing.
CoronitaParticipantRustico,
In any drastic recession like so many people seem to want (ok I should say depression), usually the little guys get hit first, followed by the upper middle class, followed by the rich. Super rich are always exempt. It really depends on who can weather the storm longer to clean out the rest of the folks.
Let’s say we have a recession/depression. House prices come crashing down. Great…But are you working in an industry immune from a pullback in the housing/finance/retail sectors? If the average joe is lose his/her job (or close to losing it), is he/she really going to have the guts and/or financial means to purchase a home at that point? Credit is tighting, interest rates are going up, and your wage/salary isn’t going to keep up. If you add to the mix the risk of more/less losing your job, the question will be, will average joe on an average income be able to take advantage of the depressed housing price? Perhaps a few piggingtons here are going to be able to take advantage of it, namely those that have already established wealth in a turbulent market. But I doubt most will…
(It would be interesting if we started a poll for folks here to poll (1) how many people here are “waiting” to buy a home and (2) how many people actually do when we’re in the middle of a big storm at fire-sale prices. )I don’t doubt a downturn is going to happen. I’m predicting areas in outer fridges of San Diego are going to get hit the hardest..because looking at the demographics, the economics of the folks that live there are the first to be affected by a downturn…I would say, we haven’t seen anything close to what would happen in Temecula, Riverside, Oceanside….
I just don’t think many folks here really know what the implications are going to be for themselves. Anyway, like I said, it’s a waiting game. Hopefully, your own family can outlast most everyone else that gets hurt.
CoronitaParticipantRustico,
In any drastic recession like so many people seem to want (ok I should say depression), usually the little guys get hit first, followed by the upper middle class, followed by the rich. Super rich are always exempt. It really depends on who can weather the storm longer to clean out the rest of the folks.
Let’s say we have a recession/depression. House prices come crashing down. Great…But are you working in an industry immune from a pullback in the housing/finance/retail sectors? If the average joe is lose his/her job (or close to losing it), is he/she really going to have the guts and/or financial means to purchase a home at that point? Credit is tighting, interest rates are going up, and your wage/salary isn’t going to keep up. If you add to the mix the risk of more/less losing your job, the question will be, will average joe on an average income be able to take advantage of the depressed housing price? Perhaps a few piggingtons here are going to be able to take advantage of it, namely those that have already established wealth in a turbulent market. But I doubt most will…
(It would be interesting if we started a poll for folks here to poll (1) how many people here are “waiting” to buy a home and (2) how many people actually do when we’re in the middle of a big storm at fire-sale prices. )I don’t doubt a downturn is going to happen. I’m predicting areas in outer fridges of San Diego are going to get hit the hardest..because looking at the demographics, the economics of the folks that live there are the first to be affected by a downturn…I would say, we haven’t seen anything close to what would happen in Temecula, Riverside, Oceanside….
I just don’t think many folks here really know what the implications are going to be for themselves. Anyway, like I said, it’s a waiting game. Hopefully, your own family can outlast most everyone else that gets hurt.
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