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Posted By: peter chao

Guys,

It is a practical matter, we are in a boom era. Somebody has ripped you off and the item wasn't as described. However, it may very well be more valuable than when you bought it. So you will let it slide.

You heard about the dot.com crash in Silicon Valley, well I was in the middle of the mess. For those that don't know I'm Chinese-American. At any rate, Chinese don't really care much for stocks but they are big on real property. When the dot.coms crashed, both officers of companies and shareholders lost money.

So many Chinese suddenly saw a lot of their savings go down the drain. This led to real estate partnership disputes. The Bay Area's real estate market was flying high for about 10 years. Then all of sudden people couldn't pay their mortgages and people started suing each other over land.

I made a lot of money because of the litigation but still I didn't like the havoc it created.

Peter