Wednesday, August 3, 2011

Day 287 - Neighborhood Park

Thought of the day: We are starting to know more people living in the neighborhood.  One of the families just immigrated from China on investment visas.  The EB-5 world has always been a bit of a myth to me because I don't think I have actually met anyone on EB-5 in the past.  Apparently the requirements for getting the visa has become less stringent recently and there are now many affluent Chinese who qualify.  In addition, many of those on EB-5 have enough cash on the side to buy real estate in the US and they consider this a good time to buy as the market is soft in the US while the Chinese real estate market is still very hot. In addition, the US has been considered by many Chinese as a safe and even prestigious place to invest in real estate. Many early Taiwanese immigrants did very well from doing so - some of them still live in this neighborhood - and now the mainland Chinese are following their brave footpath. The children and grandchildren of those Taiwanese immigrants often thrive in American schools and work places and I expect the same to happen for this new wave of immigrants. Of course, despite their relative wealth, many challenges still lie ahead of them in integrating into this very different society. They have met the challenges of the rapidly changing Chinese society and I have no doubt that they will meet the challenges here as well.

Photo of the day:
Misty morning in a park in my parents' neighborhood.  I don't see too many neighbors in the park as many of them are probably either busy working or shuffling their kids from one activity to the other.  Bay area is a fiercely competitive place for adults and kids alike and I suspect the new wave of immigrants just make it even more so.

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