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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (67408)	10/20/2010 10:22:21 PM
From: carranza2	1 Recommendation Respond to of 217648

Sorry, everyone, for the triplicate posts. For my penance, I am linking a very substantial article/bear porn: oftwominds.com

To: carranza2 who wrote (67408)	11/1/2010 8:06:12 AM
From: TobagoJack	Respond to of 217648

<<Look at home values as they relate to gold ...>> player c: Lunch walk I did not go to gold exchange but closeby…by the Antique stores at end of Hollywood road. The stuff the property agents had to sell was offensive. The newer blocks around Sheung Wan have been picked clean and are selling for mid-levels Conduit Rd prices and up. Car parks have been stripped out of flats, and have yields of like 2.x % or pay HK$1.1m [edit by tj: hkd 7.75 = usd 1.00]. A 564 sq ft flat with partial sea view from med-high floor (30F) GROSS incl club house and common area is HK$4.5m HK$8000psf without car park. Because these flats are smaller the price is HK$8000psf. At the building next door – 2 yr building looks nice from outside – they are asking $14,000 psf no car park of course for up to 1400sq ft sizes. Even the property agent said not to touch that one. There was a small commercial building with 5x600 sq ft for sale. The owners have said no to HK$26m and holding out for $28m. The other side of the street, just up from the end of Hollywood Rd, is almost nice. But the other side hasn’t been touched in 30 yrs, with the building for sale a pasting of cement squeezed in between other ugly and run down cement cinder blocks falling apart at the seems. I guess you could say there is upside to renovation. But the neighbors all need to fix up their places, and inside and outside need to get renovated with cost already at $8700psf before renovations. So need to have a “long term” view. player tj: the jay-led gold bunker 'club' owns xxxxxxxx mercer street, a few doors down from entrance of chinese gold n silver exchange. the club paid hkd 9.5 mil in may of 2007, and is refusing to even consider selling the 450 sft foot print plus 5 floors at anything less than hkd 23 mil. the very tiny but nice enough for the class of flats and noodle shop rents for hkd 582k per annum. we can boost rental revenue by 33% should we choose to rent to one-woman brothels. we have refused the temptation given that we are doing our version of 'god's work', although one european lady shareholder says she did not have any problems should the club do so. now three of the four flats are rented to french buyers, and one rented to mainland chinese girl working for hsbc. perhaps it is best to engage with some pretty girls from up north and some gold traders from next door, and retain the noodle shop on ground floor. the tenants in the little building can form their very own economic domain comprised of noodles, sex and gold, round and around they can trade themselves to a frenzy, denominated in kind or gold or paper money, whatever the weather outside, and tax free. our hoped-for exit is that whomever wishing to re-develop that corner of the city block would need to offer hkd 50 m inducement. also, should the area continue to improve, presumably whomever resides in the midst of action can charge more for their needed services to sate mid-afternoon, early evening, and late night imperatives. player m: 46 year old building in Shouson Hill asking HK$30 million - $20,000 psf. gross. about $25,500 psf net. landscope.com THis is what I tried to buy in January 2004 for $7.2 million. When I enquired, they immediate jacked the price to $9.2 million. While cheap in hindsight, I couldn't rationalize a 30% price hike. Why the hike? Because the market "felt better." Low transaction price was HK$7.05 million on October 31st, 2003 - exactly 7 years ago today. Inflation in Hong Kong? Nah..... only 300% in 7 years.... and just think of the return if you were leveraged and had only put down 20%. player tj: on october 31st 2003 gold closed at usd 384/oz gold is now at 1,362/oz, 3.55x the apartment did 4.29x the right price should be 24.85m but we must adjust for relative tyranny around the world and recognition by market of fundamental freedoms in hk so hkd 5 mil premium is not outrageous, and can probably be talked down by 1/2. alternatively, we can surmise that freedom gold is undervalued relative to liberty hong kong.