| Joe Schmoe
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Registered Jul 05, 2006
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Joe Schmoe's most recent comments:
- On 24 May 2007
in
DAiryQUeen (aka TheOtherSide, MarinaPrime, FakeP, FaceReality),
Joe Schmoe said:
I've always thought that the Navy is in truth defenseless against things like cruise missiles and MIRVs. The AEGIS system can't possibly work. If someone launched a couple of hundred missiles at a carrier group, the carrier would sink, the countermeasures could not possibly keep up with that many targets.
Fortunately not too many nations have this capability, but I would not want to sail too close to one that does. - On 19 Apr 2007
in
Jobs, jobs, jobs,
Joe Schmoe said:
Speaking of jobs, Astrid, we are actually looking for a junior associate, a rare thing for law firms nowadays.
I don't know if you all would consider relocating to SoCal, but if so, email me. - On 2 Feb 2007
in
Bubblepalooza,
Joe Schmoe said:
Sandibe,
Well, part of the problem I have is that you say "...willing to pay a premium for good schools" as if that is something unique to Asians.
Everyone values good schools! It's what the whole phenomenon of "white flight" is ultimately based on. Single people aren't afraid to live in the city, but no one with children wants to send their kids to school there. So people buy expensive houses, and endure awful commutes, so their kids can grow up in a safer, more nurturing setting.
Now it is true that Asians tend to place a greater value on good schools than other ethnic groups. I can see them being willing to make greater financial sacrifices than other groups in order to ensure that their kids go to good schools. Although I think this distinction no longer holds true among well-educated people; two Ph.D engineers of any ethnic group are likely to value education every bit as much as two Asian Ph.D engineers. And these are the very people who buy in places like Cupertino and San Marino.
Finally, I just don't buy the "wealthy expat" and "super-frugal people will support the market" arguments. The big waves of immigration from Taiwan and HK ended at least 15 years ago. There are no more wealthy expats, certainly not in any significant numbers. And for the reasons stated above, I am reluctant to accept the idea that Asians are all driving 15 year-old Corollas.
I certainly agree that San Marino and Cupertino are nice neighborhoods and will always command a steep price premium. But I do not believe that the fact that these communities are popular with Asian people will make them less susceptible to a downturn.
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