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pkowen
2009 Nov 4, 2:21am
This was a year ago. This idiot killed his co-workers and part of the story was he had NINETEEN properties that he was now going to default on.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/19/BATK146S1Q.DTL
"Records show that Wu and his wife, Jie Zheng Wu, went on a property-buying spree starting in 2004."
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/15/MNUC145B4A.DTL
" 'Green Technology' is the buzzword of the day. We are already seeing investments chasing anything that is green," he wrote. "This translates to opportunities for startups."
More like translates to 'suckers and idiots'. Will never go anywhere.
I worked for a "green tech" company way back in 1976. THey came up with great
technology that went absolutely nowhere even with Carter as President. Now they are trying to re-invent the wheel and the prospects are no better this time. This has all been done before and it gets quashed everytime.
bubblesitter
2009 Nov 4, 7:28am
Wah! startups. I love the technologies that takes jobs away from one sector and transfers it to another.
Fun reading, and there will doubtless be many more Tales of the Incredibly Stupid and Financially Illiterate. This will all end badly, and for everyone, even those few of us intelligent ones left.
Solar powered stirling generators, stirling car engines, a solar concentrator that amplified solar
cell outputs, boron fueled generators, several types of alternative power plants for cars
including a hyraulic motor similar to Buckminster Fuller's original concept for the Dyamaxion car.
An automated deep sea mining system to extract minerals from both sea water and the ocean floor.
Nobody would back further developments beyond test models. But military and nuclear projects got lots of money. Also many big projects for middle eastern oil facilities.
justme
2009 Nov 5, 3:24am
pinnacle, thanks. Was this all in one company (GE?) or a number of different places?
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I just spoke with a friend who knows a "real estate genius", who bought 5 properties outside the bay area, and 3 IN the Bay Area.
All on an income of $60,000 per year!
Well, she has now lost ALL those properties, including the 3 in the bay area.
This is one of those watershed moments I have been waiting for. The genius locals who have leveraged themselves out the wazu are starting to default left and right.
If there are any others out there, that have heard similar stories about these Geniuses in the bay area, please post a note.
Thank you
#housing