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


To: Riskmgmt who wrote (94827)9/20/2012 6:07:03 PM
From: Maurice Winn1 Recommendation  Read Replies (1) | Respond to of 218913
 
That's reminiscent of The Japanese emperor's tennis court being worth as much as New Zealand with the palace being worth the same as New York state [or whatever the ratios were in 1989]: <Luxury Residential Prices
Hong Kong $2,783 sq ft
Singapore $2,159 sq ft
Beijing $899 sq ft Source CBRE

In my local market some former Luxury residences in very good areas sold for as little as $100 a sq ft.
>

Choosing a nice place to live, part time, while it's winter in NZ, I think I'd opt for Florida, though I have never been there. I could get a house, with one of Will Smith's $100,000 cars that everyone has there in the shed, a bullet proof jacket and helmet, and put money aside to travel first class for 30 years in an A380 to my holiday house, and it would be half the price of Beijing, and a small fraction of a Hong Kong room with a view.

Mqurice



To: Riskmgmt who wrote (94827)9/20/2012 8:06:50 PM
From: TobagoJack  Read Replies (1) | Respond to of 218913
 
i have great respect for ramsey and you

:0) but have a take different from that of both of you

and so i accumulate hk real estate (air space)

i mix the dearer ocean view residences w/ the less dear industrial units, to calibrate the income flow, align the capital appreciation potential, and to balance out the psf cost

all real estate is local, unless someone aggregates from across the disparate territories and ipo the outcome

w/ qe-ternity, i recommend harder assets and their derivatives



To: Riskmgmt who wrote (94827)9/21/2012 11:55:16 AM
From: John Vosilla  Read Replies (1) | Respond to of 218913
 
Rental returns never so high. Prices have dropped but rents have gone up some 20% in the last 18 months alone. A 10% net income return is available today in this area, some investors have returns of 15 to 18%. All this in an world of 2% CDs

Boggles my mind how most refuse to acknowledge the simple concept in many areas operating margins versus cost of capital spreads have never been greater than today or that RE is very local especially today.. Opportunity to pyramid equity via leverage, management and cash flow tax deferred or even tax free beyond amazing and you control it in a very inefficient market creating even more opportunity for instant equity going in. Not something most eclectic hands off types want to do Ray. Better click a mouse on the trading account. Shit RE appreciates what 2-2.5% a year over a cycle why bother. They always try to 'sound' smarter than you or I.<g>