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

To: Nixpix who wrote (84782)	12/20/2011 12:30:11 AM
From: TobagoJack	1 Recommendation Read Replies (1) \| Respond to of 218189

just sanity-checked w/ calculator for hk - the govt rates (equiv to property tax) is about 0.1% of r.e. bought recently - the govt land rent is 0.0025% (no typo, effectively zero) - the rate is good for another 66 years (150 years from jan 1st 1924). had the lease been up this year, the renewal fee would be around 0.5% of property cost which is tolerable as a one-off payment, unclear what the new land rent would be, but probably not too bad - management fee (incl maintenance for common area and security) for a place with pool, covered carpark and open grounds 10 yards from ocean is around 0.125% cost of living, in the form of housing and private car/gas is not low for fun the folks of the thread can either come up with a fussy common list and compare bothersome cost, or just trust the economist big mac index that should include all factors that matter economist.com else mcd losing money in domestic ops healthcare is public / private, and public is reasonable - one month stay in public hospital private room incl surgery to mend broken leg and cracked foot and physio is about usd 20k - 5 days stay at tippy-top private maternity hospital private room inc of elective c-section and conrad hotel catered food and various babycare instructions is about usd 10k

To: Nixpix who wrote (84782)	12/20/2011 3:35:26 AM
From: Hawkmoon	Respond to of 218189

We are facing hyperinflation with in the next 12-24 months. More likely we're facing major deflation if the commodity/USD carry trade is unraveled. Remember.. we're facing a balance sheet recession here.. We're seeing deleveraging occuring on a dramatic scale, especially after MF Global.. That leverage has been created by Fed printing (swaps.. direct loans to other banks.. etc). They say their is a $6.5 Trillion synthetic short out there against the US Dollar right now.. "If we assume that these banks’ liabilities to money market funds (roughly $1 trillion, Baba et al (2009)) are also short-term liabilities, then the estimate of their US dollar funding gap in mid-2007 would be $2.0–2.2 trillion. Were all liabilities to non-banks treated as short-term funding, the upper-bound estimate would be $6.5 trillion (Figure 5, bottom right panel)." zerohedge.com So.. USD selling as well as QE 1 and 2 resulted in a variety of parties being short up to $6.5 Trillion now.. And we know what happens during a short squeeze, right? And we know that short squeezes can occur when there are margin calls and de-leveraging.. And so long as entities/individuals continue to pay down their debts and live within their means (ala Dave Ramsey), we're going to face deflation. Japan went through a Balance Sheet recession and we can see what has happened to their economy. The only thing in the favor of the US is that we have a growing population.. and that means demand pressure to encourage supply. But if that population doesn't have any money because they don't have any jobs.. .. Hmmm... Hawk