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

To: Cogito Ergo Sum who wrote (69971)	12/28/2010 1:39:23 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217707

Marking the book, On Dec 28, 2010, at 2:17 PM, J wrote: Some details we must not gloss over: (i) the maintenance / management / insurance / taxes on the 10-20 in HK is materially lower than on the 1-2 in USA (ii) the net yield in HK is equal or higher than that in the USA (iii) the financing cost in HK is lower (iv) one stands a better chance of unloading the HK wager at 2x w/i 5 years than offloading the USA bet at 2x w/i 150 months Then there be the relative risk of revolution, much higher in USA than HK. Sent from my iPad On Dec 28, 2010, at 12:20 PM, C wrote: One member of our group has a very nice waterfront townhome in HK. I forget the exact price. I think he agrees it is massively over priced... In Boulder we saw 1 2000sq ft loft w roof best mountain view on mainstreet, 5pct yield, at 800k... Latest solar tech... Each floor has separate double flooring w indep space.... Then we saw another place, not quite as good location, just completed 2010, owner-builder keeping some flats, 900k for 3000sq ft, everything more top of Line I have seen in HK for workmanship... HK -- 10-20m US west -- 1-2m From: J Date: Tue, 28 Dec 2010 12:00:19 +0800 (HKT) Subject: Re: Comments - Week of December 20 my guess is that the usa housing shall continue to saw-tooth down, driving the bulls insane because as each layer of sacrificial buyers would discover, as the municipalities go off the self-financing rail, would need to be bailed out by local and bound tax payers or by the national electorates via the fed in such a set up, the lopsided housing economy, even at 1/2 current valuation, would still prove unaffordable expensive we are watch an epic, not a tv drama and certainly not a youtube clip From: C Sent: Tue, December 28, 2010 10:57:55 AM Subject: Re: Comments - Week of December 20 Entire town of paradise valley had 27 sales in oct...17 short and foreclosures and 10 normal. That was worse than other phoenix area sales In terms of trend. The expensive mkts like paradise valley are showing the lag... In phx area in all, 1m props have been marked down from 1.3m 6 mths ago (2m at peak)... Liquidity coming back at lower prices. You can get 3500sq ft frank lloyd wright done by local architect in 60s...beautiful quality, beautiful area, 1 acre, for 900k...and yet foreclosure in even nicer middle of mountain location for 800k...mortgage was 1.6m. From: R Date: Mon, 27 Dec 2010 17:50:43 -0800 Subject: Re: Comments - Week of December 20 This is coming. I wonder what percentage of foreclosures are in the predicament. We should have at least 100k foreclosures per month. Like this woman, she probably has been living rent free for four years and has taken it as some type of right. This is the housing subsidy that I have wondered about for a few years. How is this going to end? Joan Williamson, a 44-year-old housekeeper at a Sheraton hotel, appeared in court for the third time to fight eviction from her Dorchester home, which she lost in March because she could no longer stretch her $32,000-a-year salary to make the $3,200-a-month mortgage payments. By then, she had been in the house for four years. Leaving meant uprooting her two teenage daughters and her pregnant stepdaughter, who lives with them. It also meant abandoning the yard where her 5-year-old grandson, who lives in a nearby housing project, plays ball each day. boston.com At housing court, final pleas to head off evictions On Mon, Dec 27, 2010 at 4:03 PM, C wrote: I have relaxed further by viewing another 20 phoenix properties. What a mess ....house styles...prices...some houses trade at value of lot only. That how neglected homes are. One place is a classic. Jewish american new yorker came out w wife early 90s. They bot 2 houses next to each other ... While still married and some 10-15 yrs before they divorced...the husband has now passed away. Anyway. On 1.5 -2.0 m of joint properties...they spent 1-2m on the deco. The guy did a cowboy theme thruout the house. All the walls, floors...and this amazing 1 acre garden is cowboy themes....guess what the theme was for the wife? ... You guessed it -- indians.... I could not believe the effort... Will try to send some pictures next.