UN Bowery Wars

[franklin]

Still waiting for you to take up that 2nd date, babe...

 

[babe]

Still waiting for you to take up that 2nd date, babe...

Another Chinese Buffet? I could go for that.

 

[babe]

So I missed the whole chugger discussion.. . . . before. . . . sorta wished I had missed it still. . . .lol

 

[VINYLONE]

Definitely. And it's not yo momma's chinese folk that would come over and cluster around a Chinatown. These guys are in West L.A., the nice spots in the OC, etc. Last time I went to Fashion Island, It was like 100% Chinese in there.

Absolutely. I hope my post did not come off implying that the Chinese folks buying up these properties are poor. On the contrary, the 2013 boom was led by investors as well as wealthy Chinese buying these properties with cold hard cash. Buying in expensive areas but nonetheless pushing up prices for the average American who subsequently is over committing themselves debt wise in order to afford one of these homes.

But only a few men get as ideological as most women naturally are, or as patriotic if you please. . . . .

Can you speak to this please?

It's a whole new era for the fraudsters. . . . selling pump and dump stocks to clueless Chinese. . . . selling worthless US mining "claims", and all kinds of real estate at speculative prices. But hell yeah, they are bidding up the price of ordinary housing, and it is an unsustainable bubble nonetheless, still.

I disagree. It's the same as it ever was. These Chinese are not clueless and if you think they are, I'd guess this was some sort of jingoism talking. Well, I'm not speaking to Chinese buying stocks, as I don't have any information on that. If you want to link to some articles, I'd be more than happy to read. Also include "worthless US mining claims" if you could.

I would guess my idea of what is "successful" may yet come into fashion. But judging from my sis-in-law Chinese-Now-American, it has a lot to do with the house, the job, and the vacation time. My brother goes "home" to China every other year for two months.

I hear about the cars, too. Buick, man, Buick. That's the craze in China.

And they have their own border crisis, too. North Koreans lining up on the border to work in China at high wages. . . . .

When I talk of this paradigm shift in Americans, it is already happening but it's a forced one. The idea that Americans will be able to buy a two story home and have two cars in the driveway is gone. This will not come back for the most part. Most all other parts of the world have never shared in this concept of success and most families have lived together in a small flat. This is being forced on Americans and there are more adults living with their parents today than there ever has been.

In respect to wages, the acceptance of it both mentally and monetarily will be forced and ultimately accepted. Will this bring some sort of equilibrium between us and the Chinese? Who knows.