[The-Shoveler]

Sorry, Cities do not scale well for big companies and growth companies.
Cisco needs I think 20 big buildings in San Jose.
There was a large medical testing Lab (forget the name at the moment) that moved out of Santa Monica to Valencia just because of that reason, they needed to scale.

There was a reason most these companies move to the burbs in the first place you know.
Maybe a show case satellite office, but not the 20 to 50 thousand engineers someone like cisco needs.

[The-Shoveler]

I think a lot of the attention (Hype) given to the decline of the suburb and Mc-Mansion style homes is just due to collecting stats and presenting them in a way that promotes the writers Ideals.
The Suburbs (and Mc-Mansions) will be back with a vengeance if and when the home prices (inflation) rebound (or some other economic magical miracle occurs, which is what it would be without the housing market)

[The-Shoveler]

Just had a 3.5 on the rose canyon fault, (up in Newport),

Maybe something a little closer to SD ?

I say the 27th just to put my bet out there.

[The-Shoveler]

The Automation economy, I coined it first I think, anyway it does not matter.
This will be the main cause, not offshoring in the future, Robots don’t have citizenship.

Robotic Labor Taking Over the World? You Bet – Here Are the Details

[The-Shoveler]

The L.A. Chinese Destination is Arcadia and Pasadena area.
Ling Chow, president of the San Gabriel-based Chinese American Real Estate Professionals Assn., says brokers and agents welcome the mainland tours — anything to shake the doldrums of the market crash.
But Chow, who mostly serves mainland Chinese buyers, is more skeptical about any new wave of Chinese home buyers making a significant imprint. Unless they’re willing to spend more than $400,000, they’ll probably be disappointed in the available homes. Chinese are culturally inclined to buy new homes and prefer high-achieving school districts, demands that drive up prices.
Chow said Chinese buyers’ affinity for paying in cash will benefit them during the credit crunch. Many of her mainland clients have paid with cash, often for mansions and condos in Arcadia, where they can begin the immigration process or leave their college-age children to live alone.

[The-Shoveler]

I know a lot of democrats with that view but maybe I run with a small sample.

Well San Jose is more a collection of suburbs and the Tech Companies in the L.A. area are located in some far flung suburbs like Simi Valley and West-Lake and now days Arcadia and Valencia.
Very few are down town L.A. close
The bad part is very hard to work in these areas without a car.
Also the funny part is the rich in China try to live like us.
I think TG had it right, one day in the future we will look back and figure out we were right.

[The-Shoveler]

hmm, I think it will get old once one is past 30.
But it kind of fits a democratic profile I think.
Not all understand, but in generally Democrats kind of view Suburbs as huge mistake.
Everyone should rent a downtown condo and ride a bike to work type of thing.
Maybe why Housing generally does better under republicans but then again I am generalizing here.

[The-Shoveler]

Walking away it’s more complicated than a lot of people want to admit to.
That’s why you won’t be seeing people walking way in mass anytime soon, most people who are underwater will just ride it out.
300K under or so it gets easier to decide, 100K under it’s probably not wise.
It is not as easy as some have tried to say it is.

[The-Shoveler]

I should open a 99 cent store in la jolla,

I bet it would be packed.

Still 100K is above the 25% mark.

[The-Shoveler]

I bet if they open a 99 cent store in CV it would be the busiest store in CV.

[The-Shoveler]

hmmm well I can tell you I know a lot of people making well over 100K who shop at 99 Cent only stores,

Cheap cheap cheap.

[The-Shoveler]

The Norwegian rain joke
“An American visits Oslo on business. After two weeks, he stops a small boy in the streets and asks: ‘Hey sonny, does it ever stop raining here?’The boy looks at him and replies, ‘I don’t know, sir. I’m only 11.'”
But seriously, I wonder if they would take me back, it’s only been three generations.

[The-Shoveler]

I used to think being from L.A. was cool, but then I met someone from Shanghai and she was way cooler than I was.
But to tell the truth I still can’t get used to SD news.
Seems no one can hype a story like the local L.A. news can.

[The-Shoveler]

No one says anything when china prints money,

Heck I don’t think anyone even keeps track and if they did anyone here think that it would be accurate ?
So lets just put it out there, we go flat currentcy, china prints, who do you think will win ?

[The-Shoveler]

I tell you this could be our solution Gold to 3K oz please,

As the price of gold rests near record highs, people from Spokane to Bangkok are selling jewelry or buying bullion, some are giving up steady jobs to take to panning while theft of gold chains and watches is on the rise worldwide.

Gold surge draws prospectors, thieves worldwide

People pan for gold in Panompa near Phichin in this February 17, 2011 file photo. REUTERS/Damir Sagolj
On Wednesday August 31, 2011, 2:16 am EDT
By Natalia Konstantinovskaya and Tan Ee Lyn
TOKYO/BANGKOK (Reuters) – It has been called the saint-seducing metal, with good reason.
As the price of gold rests near record highs, people from Spokane to Bangkok are selling jewelry or buying bullion, some are giving up steady jobs to take to panning while theft of gold chains and watches is on the rise worldwide.
“Panning for gold is becoming a real family affair, more popular now because of the gold price,” says Cordell Kent, who sells do-it-yourself mining equipment in the 19th century Australian gold rush town of Ballarat.
“Some people I know are making hundreds, even thousands of dollars on the weekends.”
Locals say rising prices and heavy rain earlier this year are leading to a surge in amateur prospectors, looking for flakes of gold washing up on river-beds.
“We’re seeing a whole new gold rush now around Ballarat,” Kent says.
Spot gold sells now for $1,830 an ounce, up nearly a third this year. With currencies and stocks faltering and prices of other commodities held back by slowing economic growth, the frenzy for gold has gone global.
Many are cashing in on the gold they have at home — or on gold teeth — although the trend is slowing in the belief prices will rise further.
“The most disgusting thing I had to deal with was a rotten tooth with a gold crown from a customer’s grandmother who died,” said Munehiro Otsuki, the manager of a gold store in the Shinjuku district of western Tokyo.
He also had a customer seeking to sell half a dozen Buddha statues which he had thought were gold, but were in fact brass.
“When I called him this week after the evaluation, I could tell by the way his voice changed that he was extremely disappointed. He never came back.”
At another store in the Kanda district of Tokyo, manager Kenta Okiyama spoke of a middle-aged woman dressed in brand-name clothes, the smell of her expensive perfume wafting across the store, who poured 30 rings of varying designs out on the table in front of her.
She told Okiyama these were rings she had received from ex-husbands and boyfriends back in the heyday of the 1980s, Japan’s free-spending “bubble economy” era.
“When I showed her the 200,000 yen ($2,630) on the calculator screen, the expression on her face changed in a way I will never forget,” Okiyama said. “She became so happy and smiled, saying ‘I’ll take it right now.'”
Ritsuko Aoki, a 40-year-old Tokyo housewife, said she was selling old jewelry to buy domestic appliances.
“We did not even think that my old gold accessories were worth anything before we saw news about people selling their gold on TV,” she said. “If gold prices rise more, I’ll look for more accessories in the depths of my closet.”
VOLATILITY, HEDGING
But experts say sales of recycled gold will rise only about 5 percent this year, against 30 percent in 2009. “Either people are waiting till the price hits $2,000 or they are running out,” says Mariabi Peenya, a street side dealer in New York’s Diamond District.
Nevertheless, canny investors see opportunities in gold’s price volatility. Although prices have been rising steadily since the start of the year, gold has veered between as low as $1,600 per ounce to as high as $1,900 in August.
And if dealing in physical gold, it’s much easier since there are no brokerage fees or delays in payment.
“We bought and sold twice and made a nice tidy sum,” says Ivy Mok, a mother of two who lives in Bangkok. “Not very huge because we sold, and then the price went even higher.”
She and her husband dealt in small gold bars bought and sold in the well-guarded upstairs rooms of stores in the city’s Chinatown district.
“People buy and sell their gold bars right there,” Mok said. “But it was very stressful for me because once you are on the streets, you are on your own with all your gold bars and you feel very vulnerable.”
Her fears are not unfounded. One of the unsavory sides of gold’s price surge has been a matching surge in crimes associated with the metal.
Dubai, Casablanca, Pathanamthitta in southern India, all have been hit by major robberies linked to gold in recent weeks. In Ghana, a gold dealer is being accused of fraud after he alleged he was held up and robbed of gold he had promised to customers.
Snatchings of gold chains are on the increase in London, China, across the United States and many other parts of the globe, but especially in India, which is the world’s biggest buyer of gold.
In northern Vietnam, a gold shop owner, his wife and 19-month-old daughter were killed and the shop robbed 10 days ago in one of the most violent crimes in the country in years. Another daughter was discovered cowering under a bed with her hand severed.
In France, there were 183 armed robberies of jewelers in the first half of 2011, up from 138 in the year-earlier period, according to OCLCO, a police agency that tackles organized crime.
“If gold is a safe haven for people with savings, it is also becoming it would seem a safe haven for armed robbers,” said Frederic Doidy, an officer with OCLCO.

[Author]

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