They must have smelled the falling Yuan as something that was going to happen in the future, so they were quickly converting as much to USD as possible.
Perhaps, this is just the beginning....How much is the Yuan down so far, in the past couple of days? 4% I think.
Guy on Yahoo says recession mid 2016. Usually there is one every 7 years and last one was 2008. We are overdue.
Itd be interesting to see how long this party goes on
With median household income of $54k and median home price of $ 500k..
The story in the last post is typical behavior during late phase money printing/government sponsored bubbles. Hurry up and buy before someone else does! It can go on longer, but this will end badly.
Also most asians or indians that do buy in north county usually have 30-40% down at least (some put down 50%, and are doing so only because they are taking advantage of the low interest rate, others go all cash). There was this one couple (doctor husband + engineer wife) that was in danger of not closing on time because for whatever reason, they were having trouble getting their conforming+ loan of $600k (or 50% down) on a North County home because of clerical mishandling...They almost didn't perform. It turns out the wife's parents were ready to bank transfer that amount from overseas and they were going to pay cash if the loan fell through.
Anonymous134995, indians aren't the majority of buyers in Carmel Valley. Asians are (Chinese/Koreans/Japanese-to a lesser extent). Indians buy more in 4S, Rancho Pensq., San Elijo Hills and Scripps Ranch
Don't try to pretend to be a high level engineer/high(er) paid engineer, with your limited logical ability. There are some of us that are actually high level engineer that can tell when you're full of shit, just by what you say, especially when you step on yourself over what you say and start contradicting yourself with very little help from others in doing that. There's no way in hell you could be a high level, well paid engineer with such terrible logic skills you've displayed. You might as well say you are a PM or work in marketing if you're going to bullshit like that. At least ,when we point out your total lack of knowledge and inconsistencies, it would make sense with you make-believe profession!
Well, maybe I should rephrase that. After mid-sept, there won't be principals outside of CA that make $200k+...It doesn't matter because you aren't one....You probably aren't even a Q engineer. Like I said, no way someone that lacks the sort of logic and self-contradicts oneself could possibly have passed the Q-interview process.
No Principals outside California? Since when?
Well, that wasn't very fun to pwn a liar pretending to be a Q-employee that makes $200k+....It took almost no effort, simply based on the inconsistencies of the poster and the lack of knowledge of what does happen when one makes $200k+ wrto taxes....Lol....Can't wait for the next time you post again about RE prices crashing!
Lol...Anonymous134944 just got owned by his own lies.....
..which brings be to my next question. If you dont' work for the Q, why are trolling the Q message board???
Anonymous134944, Well then you just lied. Because previously, you said you were a Q employee, and you said you make over $200k. So if you don't live in CA and you are Sr Staff (because there are no Principals outside of CA), and you definitely are NOT making $200k on W2 outside of CA.
short real estate term boost, then decline when the capital controls hit, and criminals can't get their money out to buy into bubbles. Leave it to the engineers to catch the falling vancouver knife.
also don't live or intend to live in CA. land of 9% state tax, and mello yello roos.
True
@ Anonymous134938, but i do make that much. I just don't buy into bubbles in Vancouver.
...not to mention you're also definitely hitting AMT....
Anonymous134935,
You don't make shit. Because you don't make $200k or more.. Try again...You lack of knowledge of what the effective tax rate would be if you did make $200k+ says a lot about the fact you don't break the $200k mark on a W2. Anyone who actually does make $200k+ wouldn't nearly be thinking they $200k in CA is a lot. Because like I said, 38% goes to uncle sam,especially if you rent and don't even itemize. You can thank the medicare tax surcharge, and Prop 31 for that one...Try again...Harder.
Where's @realestatemogul telling us how we don't make shit, therefore we aren't smart enough to buy every property in Vancouver, sight unseen, like a Chinese criminal
Looks like Yellen won't be raising rates either this year...lol....