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haiguike

haiguike
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  • The American Dream Of Renting [View article]
    It's a good example that simple sale to rent price ratio is not a good indicator of a bubble.
    Aug 16 09:58 AM | Likes Like |Link to Comment
  • The American Dream Of Renting [View article]
    My mistake. I meant to say upper middle class. If you can afford to emigrate, have your kids live abroad and attain western education and buy at least one house in Vancouver, you would be considered at least upper middle class by western standards and upper class by Chinese standards. I have several friends who are alumni from the Beijing or Tsinghua MBA program. Their salaries are about 150K to 200K, give or take, and that is what they are all planning to do in Vancouver.

    Totally logical considering how many Chinese there are in this world. Including Overseas Chinese, 1% of all Chinese is over 15 million.
    Aug 15 12:43 PM | 1 Like Like |Link to Comment
  • The American Dream Of Renting [View article]
    Exactly. Flexibility is very important if you want a good career these days. Unless you are a top notch software engineer, you go where the job is and not only look for a good job in the area that you are comfortable being in.

    REITs are the way to go for investors.
    Aug 15 01:47 AM | 1 Like Like |Link to Comment
  • The American Dream Of Renting [View article]
    Absolutely. I completely agree with you. The way to go to make big profits is to set up apartment REITs for niche regions such as universities in the South such as Mississippi, Alabama, Louisiana, Texas, and where all the jobs are going such as Houston.
    Aug 15 01:43 AM | 1 Like Like |Link to Comment
  • The American Dream Of Renting [View article]
    Partially true. If the high sale to rent ratio is based on credit, then this is true; however, if the houses are purchased via cash, this logic does not apply.

    Why have there not been a housing crisis in Vancouver yet? One simple answer: All the Chinese cash buyers are buying it up. I have yet to see a city that the middle class and wealthy Chinese feel is better to be in than Vancouver.
    Aug 15 01:41 AM | 1 Like Like |Link to Comment
  • How To (Mis)Interpret Chinese Economic Data [View article]
    The only reason they keep and renovate houses in the rural areas is to bury the old there when they die. It's a part of the Chinese culture that I still don't understand to this day.
    Jul 27 02:23 AM | 1 Like Like |Link to Comment
  • How To (Mis)Interpret Chinese Economic Data [View article]
    TOT, the rural to urban migration rate in China is astonishing. No one moves from the urban to rural areas except for the retired wealthy that move into serviced rural resorts. Most of the young people from the rural area move to the urban cities.

    I grew up in the rural area in China. All of my relatives in my generation and former generation are in urban China or they are in the states now.
    Jul 27 02:20 AM | 1 Like Like |Link to Comment
  • How To (Mis)Interpret Chinese Economic Data [View article]
    "Boots on the ground" due diligence is paramount. China may be slowing down according to mainstream media, but in any first, second or third tier city I go to, consumption is booming; the people who supposedly only make $700 a month all drive nicer cars than me that are 3x more expensive in China than they are in the states.

    I concur that the tech industry is steaming. They simply cannot find enough qualified and skilled software engineers. You can easily make 150K+ base salary as a skilled software engineer, but you will be hard pressed to find a job that pays $10 per hour with no skill sets.
    Jul 27 02:12 AM | Likes Like |Link to Comment
  • China Back In Recession, U.S. Economy Sluggish [View article]
    Freddy, what are your thoughts on reports stating China's numbers are cooked? How much does that affect China's real growth?
    Jul 16 04:14 AM | Likes Like |Link to Comment
  • China Back In Recession, U.S. Economy Sluggish [View article]
    Learn from California, the state that is over $848 billion in debt?

    Silicon Valley is the best only because of the entrepreneurs and talent that is conglomerated in the area, mainly because of the lifestyle and environment that attracts many of the young and productive individuals.

    Silicon Valley is not the best because of high taxes and bad state and local government policies. The only factor that is keeping Silicon Valley intact is actually the taxation loopholes big companies like Apple, Google and Facebook are able to utilize.
    Jul 16 03:58 AM | Likes Like |Link to Comment
  • China Back In Recession, U.S. Economy Sluggish [View article]
    Correlation does not equal to Causation.
    Jul 11 04:01 PM | 2 Likes Like |Link to Comment
  • A Depression With Benefits: The Macro Case For mREITs [View article]
    This article is so long, yet it completely ignores the facts and is revisionist history at its best.
    Jul 11 02:04 PM | 4 Likes Like |Link to Comment
  • The Minimum-Wage Stimulus [View article]
    I think we are all the same, NMC. I completely agree with your super long post; however, we are here to debate about the minimum wage policy. You talk about being giving back to the community; however, if we implement such a ridiculous federal minimum wage of $15, it would be the exactly the disadvantaged minorities and young people that would be adversely affected.
    Jul 10 02:04 PM | Likes Like |Link to Comment
  • The Minimum-Wage Stimulus [View article]
    NMC, we are realists, not foolish idealists. Try running a business that is depending on the bottom line.
    Jul 7 03:42 AM | 1 Like Like |Link to Comment
  • The Minimum-Wage Stimulus [View article]
    Well said, Freddy. This is common sense in economics that is proven time and time again, yet most people do not get it.
    Jul 4 02:21 PM | 1 Like Like |Link to Comment
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