Huiting Zhuang,Sell your business overseas

I rarely drive in Manhattan for obvious reasons. In December 2008, I had to drive there on a business trip. This picture was taken while I was driving as well.

Driving in the hugh blocks is really not fun. Too much traffic. This picture was taken while waiting for the traffic light as you can see the traffic is turning yellow. In NYC, yellow is really short and you do want to stop if it turns yellow before you hit the stop line. It is not fine to get a ticket.

Due to various reasons, I usually go to New York City very often. I always enjoy visiting the Chinatown in Flushing (Queens Borough). This picture was taken recently while I was driving. (I know I am over confident by my driving skill. I will try to avoid it.)

There are a few big super market there where you can actually buy some authentic green tea although do not expect good quality as you can easily tell from the price they charge.

Another good thing about Chinatown in Flushing is that if you need to Manhattan, it is a great idea to park in Flushing and take the subway to Manhattan. The subway will go directly to time square which is the center of Manhattan.

MLS is a very good thing in that we can track down the history of a property. This specific property got quite a history. I do not want to reveal its address here for various reasons.

1. The property currently is listed at 99K. It is mixed use with upper apartment and lower commercial use. Currently it is a catering business.
   
2. In 04, one office listed the property at 219K and later reduced to 209.
3. Another office picked up the property at 2006 and priced at 219.
4. A third office picked up the listing and priced it at 250K in 2007.
5. A fourth office picked up the listing at early 2008 and priced it at 209k. No go either.
6. Now a fifty office picked up the listing and started at 179K until 99K now.

The blue line above represents the price change over the time (not to scale). Everything got a selling price. In the above example, the real market price might just right below the asking price (red line). Suppose the real market price is 20K below the asking price of 219K. And suppose the final selling price of this property is 90K (pretty reasonable). In less than five years, the owner actually lost about 110K by asking the wrong price.

By the way, this is a real and active listing located at Pawtucket, RI.

While all scientists worry about Global warming, it is certainly not true in New England. I cannot even count how many snows we have had, in addition to today's snow (storm). We suppose to have snow storm but our weatherman changed his word a few times from yesterday morning. I think finally he did get it right when the snow finally semi-stopped--it is just snow. He happily deleted the Storm from his wording to comply to the reality.

We have been enjoying near single digit temperate for ages and it seems that snows just loves New England and refuse to leave us. Luckily, I did take a few pictures of our summer. Hopefully it is not our last summer.

Ohn, I miss the flowers.

I go to New York very often. One thing I feel so proud of New England is that we do not have as many tolls as in New York.To visit Manhattan, New Englanders have to feel the pain.

Probably no proud any more. The governor of Mass recently proposes to put a toll booth between RI and Mass border.

You never know how creative those politicians are. I wonder how creative they will be in the months to come. Just as one person the article said, I think the next step would be--the government would just take all paychecks from patriotic Americans and give back whatever is left.