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

To: TobagoJack who wrote (134595)	7/16/2017 2:13:43 AM
From: John Vosilla	Read Replies (1) \| Respond to of 219867

would observe that hong kong compares magnificantly against new york city, los angeles, ... london, ... etc etc True but to be blunt and maybe not too politically correct am sure you know we have a certain demographic problem here in the states that you don't while London and large European cities have a quite different immigration challenge facing that you also don't They collect from gov't, game the system and cause most of the violent crime. Actually those laborers who came to HK for work are heroes to me doing what they do in the middle of seeing incredible wealth and prosperity of the new age Gilded elites pass them by every day. NYC I believe 2M of 8.5M residents are on the dole today. 60 years ago when costs of living were very low, wealth disparity at lowest level ever while monetary and fiscal policy were sound the handout culture barely existed.. Most everyone my family immigrated to NYC 1940's and 1950's started at the bottom with nothing like those people from your mainland. Big difference was they could save a lot of money fast and within years buy a 2-4 unit building and build their wealth and equity over a lifetime in a dramatic way not possible anymore for most laborers. I caught two nice up waves over here RE 1991-2005 and 2009-?? so did very well in this world of financial engineering on steroids that unfortunately doesn't reward honest hard labor much anymore unless you stay single and shack up with grandma saving all your hard earned cash for 20-30 years then move far far away to a low cost area. Of course in NYC multiple generations of families recent immigrants from Asia do something similar shack up save, save, save then buy high priced high rent properties together it seems around the boroughs. You can see the parking nightmare in those hoods of Queens these days didn't exist back when I lived there.