patrick.net

The interesting thing about the EU is that the same thing that is occuring here is happening there. Formerly poor, less desireable places like Yugoslovia, Romania and The like are becoming hot spots for business, vacations, and in-migration due to severe cost diffrences between these locations and the likes of France, Britain, and Germany. Some of the weather in Romania is actually very nice along the coast. The same can be said for parts of the US with the exact same reasons for the shift.

That's okay. I don't want to get involved in the export aspect of the Chinese gold rush. There are about a million overseas Chinese who got in before me, and dealing with the Chinese officialdom at all levels is a pain. Plus, with rampant disrespect of intellectual property there, everything becomes a commodity very quickly.

I'm much more interested in creating interesting and valuable services to the Chinese and expats living in China.

Ideally, I could just partner up with an Indian with good ties to India and we can work through the same suppliers and share ideas. Yuppies are essentially the same, the world over.

I remeber as a kid, we used to poke fun of people who lived in the suburbs with "postage stamp" sized yards. Our yard was almost 12 acres and mowing it took days. I sort of grew up with the notion that a house wasn't worth anything unless you had a signifigantly sized yard. Perhaps in some ways I still feel that way and view people who live in the city as being somehow being shortchanged even though in reality, the city itself serves as their back yard. My Wife lived in the Sunset, and frankly, I couldn't stand the fact that the weather was awful there year round.. and COLD! The microclimate in SF still blows me away, with hot, humid weather in oakland and the total opposite just 10 miles away.

Mr Vincent
Don't you mean 'casualty effects'??? :)

Nomad
Here is a castle in Prague for sale. Only 9 mil with 60 bedrooms!
Nice little vacation home....

http://www.historicproperties.com/detail.asp?detail_key=eurcz001

60 rooms huh? One of them could be the "Ping Pong table" room. Hell- for 9 million, you could rent all the rooms and probably make dead even.

George
What a tough situation to be in. My heart goes out to you guys . This hardship is through no fault of your own.
After the Northridge quake, here in the San Fernando Valley, every house had their private pile of rubble on the street in front of their homes. They just kept adding to their pile. The aftershocks kept coming and coming for weeks . I can't imagine it going on for months.The good news is, however,that it passed...people seem to have forgotten about it and have built and built. Earthquake insurance never covered anything that really breaks anyway...it's only for a total loss. I had earthquake coverage for years and it was a waste of $$$.
Be heartened...at some point people will forget about the terrible losses of the hurricanes of 05. We do hope, and I think I can speak for all of us, that this season brings only a sweet summer breeze to all of you in Fla.

Nomad
That's 60 BEDROOMS! Plus all the other rooms. It'd be fun to purchase with a couple of other families and we could each take over our own private wing!

DinOR, horror as you invite Surfer X and his “buds” over to “break in” your blender?

?????

The shaker perhaps, but the blender drinks....too much headache.

So yeah, it’s basically all about picking your natural disaster.

Sacto is relatively free of natural disasters... except thick fog.

That’s 60 BEDROOMS! Plus all the other rooms. It’d be fun to purchase with a couple of other families and we could each take over our own private wing!

Can we convert the castle into "luxury" condos with pergraniteel?

I am still exploring karmic astrology, but what you said made sense.

SQT, you must have done something good in your previous lives to deserve a loving family in this one. ;)

WRT to Sacto, I seem to recall hearing about people building in floodplains. "Oh, but it doesn't ever actually flood."

/ Remembers looking out from my backyard in Modesto and seeing nothing but water with trees sticking out.
// The house was on a bluff overlooking Dry Creek.
/// It dried up on occasion.

WRT to Sacto, I seem to recall hearing about people building in floodplains. “Oh, but it doesn’t ever actually flood.”

Parts of the Sacto area do flood...

5.05% yield….bloomberg analyst predicts 6.5 yield by EOY.

Mortgage rate may return to 8.0% soon.

So rejoicing in someone else’s pain (or even feeling smug and self-satsified) cannot be considered good karma

This is why I'm not a Buddhist.

I've had to put up with f@cking smug-assed Troll "I'm a genius, you're a JBR" bull$hit for the last 3 years, and this is my well deserved payback. Just like they were "entitled" to rub their 20%/year perpetual gains in my face, I'm "entitled" to my Schadenfreude and I really don't give a rat's ass about karma.

SILSIH, Trolls!
(And you better start getting acquainted with this new sensation called "ass-pounding". You will be experiencing it on a regular basis from now until the end of the correction.)

well deserved payback

I am no longer sure whether paybacks are warranted. Whatever needs to happen will happen.

HARM
I love your outrage.
I feel it too.

I am no longer sure whether paybacks are warranted. Whatever needs to happen will happen.

OTC, I am following foreclosure news quite closely. They are already rising, and should really take off within a year or so --when all those option-ARMs begin to reset. I plan on personally attending ones involving amatuer "RE tycoons" who planned on retiring early by making houses in my neighborhood completely unaffordable to working class families. I plan on being there when they get evicted and hand the keys over to the local sheriff. And karma or no karma, I will savor the moment.

@Linda in LA-LA-LAND,

_blows kiss_

I was speaking with a dad at the private school where my son goes. This dad is an amateur flipper who thinks he's 'all that'. When he heard we had sold and were living in a rental, he started trying to sell me one of his condos. Now, I've know this guy since our teens were in preschool together and I've never been a 'condo kind of girl'. I build too, but on a smaller, more conservative level than he. He was CONDESCENDING on me for renting and trying to sell me his freaking condo! And that was several months ago when the bubble was just a 'theory'. The AUDACITY. Yes, there ARE those greasy guys that NEED to fall off their high freakin horses. Schadenfreude......

Mr. Vincent,

Ha, this is a great illustration of how little realtors do. They couldn't even convince the owners to clean up the piles of paper for the pictures.

It's not that bad, and probably in an okay neighborhood. I'd say $200K seems about right, provided the seller legalizes the add on.

HARM,

Karma is way too complicated and not particularly fair (what's with this karmic payback in next life business, or the instrument of the karmic payback taking on bad karma business).

I do watch this bubble because I care about the overall economy. And the earlier this thing blows, the less the damage and the faster we get back onto producing useful stuff instead of paper profits.

I am of German descent so I'm loving learning a little German here.
My last name, as I was always told as a child means...
"babbling brook that flows from the brewery" :P
Now...maybe they just made the brewery part up.....
And...does it have to mean 'babbling'?
Isn't 'noisy' just as good?

_nod_ to Mr Vincent

Yes, there ARE those greasy guys that NEED to fall off their high freakin horses. Schadenfreude…

@Linda in LLL,

Yes, pain is a wonderful teacher. We must never get so caught up in savoring our delicious new Schadenfreude that we lose sight of the positive and therapuetic aspects of pain.

The flippers are about to get an education in what asset bubbles are and how they correct. This first-hand lesson will be far more valuable than any condo-flipping seminar or RE course they have ever taken. Hopefully many of them will end up the better for it, and will resolve never again to be flippers (or at the very least, not to take on dangerous risk without first researching the market).

We must all embrace pain as a valuable teacher. Class is now in session --better start taking notes. ;-)

HARM,

I am amazed by the number of foreclosures and pre-foreclosures listed for Los Gatos. I checked Claremont, home of the Hwang-Smiths, also very high.

Mr. Vincent
I got the kiss and you only got a nod! :)

Linda,

We must remember that desire breeds want and bad karma :P

Spring is in the air! It's 80 degrees in LA LA LAND and things are getting a little frisky around here!

Ray W,

No offense, but your girlfriend's email was the only one of the three I could follow.

Ray W and HARM,

I'd suggest you modify the email addresses in that posting, so they don't start to get spammed.

tannenbaum,

Well, Dublin is kinda ugly step sister looking...

Ray W,

No problem, and I didn't mean to offend, it was just kind of confusing. Your girlfriend's email was fine though, it really expressed her feelings well.

Don't worry, HARM or one of the other people with editing privilege will probably help you shortly. It's just one of the unfortunate facts of posting on public forums.

"Perhaps, but the freeway access is unbeatable and is RIGHT NEXT DOOR to the tonier cities of Pleasanton & San Ramon."

True enough. There are a lot of apartments in Pleasanton though. My boyfriend and I went apartment hunting and found that Pleasanton prices were no higher than Dublin prices. Also, if I had money, I'd rather live in Danville.

I do not believe in karma, strictly. There are no zero-sum games.

Give 'em hell Ray.

...continuing on my thought. I always thought the way to do affordable housing was to encourage builders to build reasonably nice 2 or 3 bedroom apartment in decent school districts.