China's Super-Rich Buy a Better Life Abroad

[so_scared]

interesting take
http://www.businessweek.com/magazine/chinas-superrich-buy-a-better-life-abroad-11222011.html

from article, according to this Bain & Co/China Merchants Bank study-

500,000 Chinese with investable assets over USD1.57M and 60% are considering emigrating.
top reasons stated

Better education opportunities.
Escaping dire air quality
food safety

 

[irvinehomeowner]

But I thought if you're rich in China, you just hire a private tutor.

 

[usctrojancpa]

But I thought if you're rich in China, you just hire a private tutor.

Only the Super Dooper Rich can afford tutors over there.  $1.6M in investable assets is nothing to sneeze at, but not even close to being rich or super rich over here in the US.

 

[so_scared]

But I thought if you're rich in China, you just hire a private tutor.

Only the Super Dooper Rich can afford tutors over there.  $1.6M in investable assets is nothing to sneeze at, but not even close to being rich or super rich over here in the US.

Super Dooper Rich can afford Ph'd tutors from Europe. The "average" super rich have to make do with only Masters degreed tutors from lowly Canada. But certainly anyone with 1.6 in investable assets can afford a tutor over here or over there. 

 

[IndieDev]

Let's see what $1.6m really buys:

- $1.1m to buy a brand new Toscana home at LA
- $250,000 "mistress condo" in Santa Ana
- $75,000 Mercedes poser-mobile
- Private tutor cost in U.S: $94,000 [$60/hour for a teacher with 2 years+ experience for 39 weeks]

Man these super rich Chindians will be walking a very tight line between rich and poor if they want to live in Irvine.

But at least they make me feel super-dooper-rich, if they are considered China's super rich.

 

[so_scared]

Let's see what $1.6m really buys:

- $1.1m to buy a brand new Toscana home at LA
- $250,000 "mistress condo" in Santa Ana
- $75,000 Mercedes poser-mobile
- Private tutor cost in U.S: $94,000 [$60/hour for a teacher with 2 years+ experience for 39 weeks]

Man these super rich Chindians will be walking a very tight line between rich and poor if they want to live in Irvine.

But at least they make me feel super-dooper-rich, if they are considered China's super rich.

well, since it is investable assets, all they would need to do is sit down with a smart financial adviser over tea and then earn 200% a year. In a couple of years, they could move that mistress to something in Irvine and they could buy their coastal dreams.

Or they could invest the funds with USCT's options hedge fund and "only" earn 30% a year before his fees. But that might mean they have to cut back on the 40 hours per week of tutoring to only 4 hours a day so they could sustain their quasi-poser style. But I am willing to bet he will give a bigger rebate on the $1.1M real estate purchase if you park some $$ in his hedge fund~

 

[usctrojancpa]

Let's see what $1.6m really buys:

- $1.1m to buy a brand new Toscana home at LA
- $250,000 "mistress condo" in Santa Ana
- $75,000 Mercedes poser-mobile
- Private tutor cost in U.S: $94,000 [$60/hour for a teacher with 2 years+ experience for 39 weeks]

Man these super rich Chindians will be walking a very tight line between rich and poor if they want to live in Irvine.

But at least they make me feel super-dooper-rich, if they are considered China's super rich.

well, since it is investable assets, all they would need to do is sit down with a smart financial adviser over tea and then earn 200% a year. In a couple of years, they could move that mistress to something in Irvine and they could buy their coastal dreams.

Or they could invest the funds with USCT's options hedge fund and "only" earn 30% a year before his fees. But that might mean they have to cut back on the 40 hours per week of tutoring to only 4 hours a day so they could sustain their quasi-poser style. But I am willing to bet he will give a bigger rebate on the $1.1M real estate purchase if you park some $$ in his hedge fund~

I wonder if I could employ a 2/20 fee structure with them like the big boys.  I better start learning Mandarin asap.

 

[so_scared]

Let's see what $1.6m really buys:

- $1.1m to buy a brand new Toscana home at LA
- $250,000 "mistress condo" in Santa Ana
- $75,000 Mercedes poser-mobile
- Private tutor cost in U.S: $94,000 [$60/hour for a teacher with 2 years+ experience for 39 weeks]

Man these super rich Chindians will be walking a very tight line between rich and poor if they want to live in Irvine.

But at least they make me feel super-dooper-rich, if they are considered China's super rich.

well, since it is investable assets, all they would need to do is sit down with a smart financial adviser over tea and then earn 200% a year. In a couple of years, they could move that mistress to something in Irvine and they could buy their coastal dreams.

Or they could invest the funds with USCT's options hedge fund and "only" earn 30% a year before his fees. But that might mean they have to cut back on the 40 hours per week of tutoring to only 4 hours a day so they could sustain their quasi-poser style. But I am willing to bet he will give a bigger rebate on the $1.1M real estate purchase if you park some $$ in his hedge fund~

I wonder if I could employ a 2/20 fee structure with them like the big boys.  I better start learning Mandarin asap.

I heard something interesting in regards to the language actually. I thought that Mandarin and Cantonese were all you needed to know with Cantonese being HK-based and Mandarin elsewhere. But a friend of mine told me that there is a dialect of Shanghai (Shanghai-ize)? I don't know if this is true but if it is, you probably want to pick up that language as that probably has the largest segment of your future RE and hedge fund clients!

 

[IndieDev]

I think the super rich Chindian population would get more bang for their buck by moving to the SGV. Besides I heard there's a new 85 Degrees location there. Am I right?

 

[irvinehomeshopper]

85 Celsius is actually in Hacienda Heights. Taiwanese are loyal to their home brands regardless of ratings. IMO over-rated. How much do the 20-30 yr old population really know about good foods?

 

[IndieDev]

When I was 25, I was really big into Tommy's Burgers. Irvine doesn't have one of those yet, but Laguna Hills does.

 

[davenlei]

When I was 25, I was really big into Tommy's Burgers. Irvine doesn't have one of those yet, but Laguna Hills does.

Being really big into Tommy's burgers in your mid 30's will just make you really big. 

I was partial to the Chili Cheese fries with onions at The Hat in my 20's.  But then as I got older, I realized it was just a basket full of death....  Still good though.  I get it once every 4-5 years and regret it afterward..

 

[The Motor Court Company]

True. There is a good chance people from China are also from Shanghei and the Shangheinians do have their own dilect - but common Mandarin will do the job.

Let's see what $1.6m really buys:

- $1.1m to buy a brand new Toscana home at LA
- $250,000 "mistress condo" in Santa Ana
- $75,000 Mercedes poser-mobile
- Private tutor cost in U.S: $94,000 [$60/hour for a teacher with 2 years+ experience for 39 weeks]

Man these super rich Chindians will be walking a very tight line between rich and poor if they want to live in Irvine.

But at least they make me feel super-dooper-rich, if they are considered China's super rich.

well, since it is investable assets, all they would need to do is sit down with a smart financial adviser over tea and then earn 200% a year. In a couple of years, they could move that mistress to something in Irvine and they could buy their coastal dreams.

Or they could invest the funds with USCT's options hedge fund and "only" earn 30% a year before his fees. But that might mean they have to cut back on the 40 hours per week of tutoring to only 4 hours a day so they could sustain their quasi-poser style. But I am willing to bet he will give a bigger rebate on the $1.1M real estate purchase if you park some $$ in his hedge fund~

I wonder if I could employ a 2/20 fee structure with them like the big boys.  I better start learning Mandarin asap.

I heard something interesting in regards to the language actually. I thought that Mandarin and Cantonese were all you needed to know with Cantonese being HK-based and Mandarin elsewhere. But a friend of mine told me that there is a dialect of Shanghai (Shanghai-ize)? I don't know if this is true but if it is, you probably want to pick up that language as that probably has the largest segment of your future RE and hedge fund clients!

 

[IndieDev]

I had one bad LDC reading back when I was 30, and I never looked back at Tommy's. Now I have better readings than when I was in my 20s.

 

[irvinehomeowner]

When I was 25, I was really big into Tommy's Burgers. Irvine doesn't have one of those yet, but Laguna Hills does.

Being really big into Tommy's burgers in your mid 30's will just make you really big. 

I was partial to the Chili Cheese fries with onions at The Hat in my 20's.  But then as I got older, I realized it was just a basket full of death....  Still good though.  I get it once every 4-5 years and regret it afterward..

I think that Tommy's is technically in Lake Forest. Interestingly enough, Lake Forest also has The Hat (it replaced the Burger King next to Taco Bell across from the Irvine Auto Center).

 

[Nous]

85 Celsius is actually in Hacienda Heights. Taiwanese are loyal to their home brands regardless of ratings. IMO over-rated. How much do the 20-30 yr old population really know about good foods?

A lot when you eat as much as I do!

 

[irvinehomeshopper]

It is not how much you eat but how well you eat.