You sure you didn’t leave your heart in San Francisco, SF Dragonboy??
I def miss the old girl once in awhile but honestly, our San Bruno home is way more spacious and I got my own basketball court to use whenever I want to shoot a few. Def didn’t have that in the Sunset home. I do waver back and forth… it makes sense to migrate to Fremont which has the lowest property tax bill of all the properties but there you would need to drive everywhere for things. The Sunset home is right by Cheung Hing and Safeway. In San Bruno, we have to also drive a lot more. If we lived in Chinatown, talk about easy and cheap groceries. I don’t know what to do…
Sounds like an ancient Chinese guy with too many options. Where do I sleep tonight … 
After that 15 hour flight back in Economy…I feel like an ancient Chinese guy…
1 Like
Fixed deposits and T-Bill (Singapore) are yielding 4-5% so the debate in Singapore is which bank to deposit cash and not what property to buy.
Now, are deposits also guaranteed like in the US say up to $100K per account, or more? Shoot, $1M producing say $40K would easily fund a nice retirement stay in Penang I would think.
This is risk free rate, now you see why investors rush to 10 to 30 year bond?
1 Like
.
So T-bill is safer than fixed deposit.
1 Like
Deposit insurance is only as safe as the insurer. For such a rich, successful nation Singapore’s debt to GDP is surprisingly high - higher than that of the US.
.
Singapore doesn’t need any debt to run the country. It is created because of demand. Singaporeans are fairly risk-averse, most dare not buy stocks, can’t afford RE investment, most of them put their money into fixed deposits or stash into CPF accounts. So government created T-bill as an alternative for them to invest.
There are many type of CPF accounts, varying from 3-5% p.a. Singaporeans are very happy with such ‘low’ return. IMHO is low compared to 7-11% of S&P. This is just to illustrate how risk-averse Singaporeans are. Perennial joke: Singaporeans are house rich, CPF rich, cash poor. Another one, if you’re a foreigner and want to annoy Singaporeans, say “The food is so good, must be from Malaysia”.
1 Like
1 Like
Shoot, that’s me standing behind that lady…
1 Like
Best food cities in the world. Singapore is not on the list. Fail.
Same as Malaysia… while it has done it in the past and acknowledged some hawkers, the Michelin Guide is geared towards true restaurants and such. Read this:
I mean, somewhat along the same lines of totally under the radar or unappreciated, did you read this story? Come on, who has been promoting Malaysia more than me? No one!!!
.
Obviously not a complete list.
https://realestateforums.net/t/michelle-star-and-bib-gourmand-restaurants/11211
Totally misleading. Just measured wealth. Wealthy cities can afford expensive restaurants. A true measure is the quality of typical restaurants and street food that the average citizen can enjoy. Rome isn’t even mentioned. Probably the best food along with Paris Singapore Hong Kong Bangkok and San Francisco Mexico City… not even mentioning hundreds best small tier cities like Lyon and Bologna. Some of the best food I’ve had is in small towns like St Tropez, Florence, Nice Eze Cap Ferat…Menaggio, Chernobio
1 Like
And besides, aren’t you the advocate of the 3 or 3.5 stars out of 5 for Chinese places as the best of them all? Well, those places aren’t sniffing a Michelin star anytime soon, right???
Best restaurant I have ever been to. Over 35 years ago. I went back 10 years ago and it wasn’t as good after George Clooney discovered it. The Black Cat… not to be confused with the one in SF.
Spectacular views of lake Como. Several levels of indoor outdoor dining. Another is La Sirenuse in Positano. Exquisite food is essential. But the setting is even more important.
The point of this Michelin list is actually not the names on the list themselves. It’s that a place with a large number of star restaurants means there is a large base of people who are into food and are willing to pay to support those restaurants. That in turn says there are a even larger number of less expensive but great restaurants in there because the customer base is large enough and sophisticated enough to support them.
Every town in the world has good restaurants serving their local cuisine. Like I don’t doubt a random city in the Central Valley has a great burger joint. So while Penang for example may have many places serving the greatest Char Kway Teow in the world, does it have any good steak houses? Hong Kong milk tea? Sushi? I am sure NYC or even SF have all of these things. They may not be the best of the best, but in the 90 percentile.
1 Like