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Old 09-01-2017, 12:51 PM
 
4,310 posts, read 2,452,293 times
Reputation: 2424

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Quote:
Originally Posted by Jim1921 View Post
You must have a reading problem. Look at post 137. As I stated, they are often moving up in home (using increased equity), using savings and or borrowing from relatives. They also often have two incomes.

What is silly is your post about the property being bought by Chinese money laundering ( which has no factual basis), REIT (debunked if you look at ownership records) and tech CEOs (not enough of those to buying all this property).
Money laundering is shaping US cities
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Old 09-01-2017, 01:41 PM
 
440 posts, read 199,236 times
Reputation: 454
Quote:
Originally Posted by Perma Bear View Post
Once again, you should read before posting. You would have noticed they are talking about property over $5 million as well as very specific segments.

Even then, they can't really be sure of the data. From the article:

"A more reliable estimate might come directly from industry sources, such as real estate agents or title insurers. The New York Times estimated in 2015, based on figures from the property data service First American Data Tree, that nearly half of purchases of residential real estate over $5 million in past years were made by shell companies.

But that figure doesn't break down how many shell companies are working on behalf of foreign owners. After all, Americans might have their own reasons for using shell companies. Even in the case of an identifiable foreign owner, it's not possible to know that owner's reason for buying anonymously — whether it's a legitimate purpose or something illegal."


Would also love to see what kind of links you also have to support your comments regarding REITs and tech CEOs.


Seriously, read and think before posting.
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Old 09-01-2017, 02:38 PM
 
4,310 posts, read 2,452,293 times
Reputation: 2424
Quote:
Originally Posted by Jim1921 View Post
Once again, you should read before posting. You would have noticed they are talking about property over $5 million as well as very specific segments.

Even then, they can't really be sure of the data. From the article:

"A more reliable estimate might come directly from industry sources, such as real estate agents or title insurers. The New York Times estimated in 2015, based on figures from the property data service First American Data Tree, that nearly half of purchases of residential real estate over $5 million in past years were made by shell companies.

But that figure doesn't break down how many shell companies are working on behalf of foreign owners. After all, Americans might have their own reasons for using shell companies. Even in the case of an identifiable foreign owner, it's not possible to know that owner's reason for buying anonymously whether it's a legitimate purpose or something illegal."


Would also love to see what kind of links you also have to support your comments regarding REITs and tech CEOs.


Seriously, read and think before posting.
Shouldn't you be riding in your private jet with the other 150 million people making 40-500k a year?
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Old 09-01-2017, 03:35 PM
 
440 posts, read 199,236 times
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Quote:
Originally Posted by Perma Bear View Post
Shouldn't you be riding in your private jet with the other 150 million people making 40-500k a year?
Shouldn't you read before posting so that you don't embarrass yourself again.
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Old 09-01-2017, 04:59 PM
 
4,310 posts, read 2,452,293 times
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Quote:
Originally Posted by Jim1921 View Post
Shouldn't you read before posting so that you don't embarrass yourself again.
You were making preposterous claims such as most people make 400k a year. Maybe if you hang out at 5th avenue parties.
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Old 09-01-2017, 06:06 PM
 
440 posts, read 199,236 times
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Quote:
Originally Posted by Perma Bear View Post
You were making preposterous claims such as most people make 400k a year. Maybe if you hang out at 5th avenue parties.
You either you can't read or you are a liar. Show me on single post where I said most people make 400k.

You should stop making stupid posts. You are only digging yourself a deeper hole.
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Old 09-01-2017, 06:49 PM
 
4,310 posts, read 2,452,293 times
Reputation: 2424
Quote:
Originally Posted by Jim1921 View Post
You either you can't read or you are a liar. Show me on single post where I said most people make 400k.

You should stop making stupid posts. You are only digging yourself a deeper hole.
Are you typing on a gold encrusted keyboard while munching on caviar?
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Old 09-02-2017, 05:34 AM
 
440 posts, read 199,236 times
Reputation: 454
Quote:
Originally Posted by Perma Bear View Post
Are you typing on a gold encrusted keyboard while munching on caviar?
And you continue to post nonsense as you got caught in a lie.
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Old 09-02-2017, 03:14 PM
 
Location: Paranoid State
12,685 posts, read 9,451,486 times
Reputation: 14953
Quote:
Originally Posted by Perma Bear View Post
Doesn't say who bought it. 5 dollars says it's either a Chinese money launderer , reit, or tech CEO
"On average, people in Santa Clara County earned $121,212 last year, up 41% from $85,800 in 2010, according to the California Employment Development Department." How this garlic farm went from a labor shortage to over 150 people on its applicant waitlist - LA Times

A Santa Clara Country professional husband/wife couple can easily be in the quarter-million per year range without a great deal of difficulty.
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Old 09-02-2017, 03:20 PM
 
Location: Paranoid State
12,685 posts, read 9,451,486 times
Reputation: 14953
Quote:
Originally Posted by Perma Bear View Post
Are you typing on a gold encrusted keyboard while munching on caviar?
One does not munch on caviar.

One savors it.

Last edited by SportyandMisty; 09-02-2017 at 03:58 PM..
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