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Thread: Moving Sale....(Osaka bound...)

  1. #1
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    Nov 2006
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    Moving Sale....(Osaka bound...)

    I'll be moving to Osaka Japan soon, with a new job and to help my wife's family out. I have posted some woodworking tools for sale in the FW Classified Forum. I'd appreciate it if those in the area would check them out and inquire if you have a need.

    Thanks much!
    Last edited by Greg Cook; 12-12-2008 at 01:06 AM.

  2. #2
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    Congrats Greg. I assume this is something you want???

    I will be going to Japan for about a week next month. Hope to be able to meet up with Stu. I was there about 17 years ago and absolutely loved the experience.
    Never take life seriously. Nobody gets out alive anyway

  3. #3
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    Thanks, Ed. Going back to the company I started working at in 1973!
    Was my first real full time job! I spent 8 years with them, 6 1/2 in Osaka and 1 1/2 in Seattle...then wandered here and there... Now I'm "going back home", but the company has really changed...all for the good. (maybe because I left.... )

    Where will you be going? Tokyo? Osaka? Other places?

  4. #4
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    Quote Originally Posted by Ed Nelson View Post
    Congrats Greg. I assume this is something you want???

    I will be going to Japan for about a week next month. Hope to be able to meet up with Stu. I was there about 17 years ago and absolutely loved the experience.
    Ed, I'm looking forward to the visit

    Greg, must be a huge relief to get this all on the road, finally, and talk about a fresh start

    At least you will not have to deal with snow anymore, that far down South, or at least very rarely.

    Cheers!
    The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
    William Arthur Ward

  5. #5
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    Quote Originally Posted by Greg Cook View Post
    I'll be moving to Osaka Japan soon, with a new job and to help my wife's family out. I have posted some woodworking tools for sale in the FW Classified Forum. I'd appreciate it if those in the area would check them out and inquire if you have a need.

    Thanks much!
    Maybe I missed it, BUT, since you are about to leave, I guess that means you got your House Sold??????? I hope you came out OK on the price with the economy like it is, Especially after all that beautiful work you did on it.

  6. #6
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    Thanks, Norman

    We're finalizing the deal now. We had to come down quite a bit from what we could have sold it for a year and a half ago, but I think we did pretty good. The exchange rate is what I'm more worried about...$ dropped again today against the Yen.....

  7. #7
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    Quote Originally Posted by Greg Cook View Post
    Thanks, Norman

    We're finalizing the deal now. We had to come down quite a bit from what we could have sold it for a year and a half ago, but I think we did pretty good. The exchange rate is what I'm more worried about...$ dropped again today against the Yen.....
    Yeah, the currencies have been flip flopping around a good bit lately, but one forecaster that has been pretty good seems to think the yen will not continue to fare as well against the USD. Maybe if you don't have to have the money in YEN immediately, you could postpone the exchange for a bit and watch it, but who really knows what is going to happen in the long haul.

  8. #8
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    Quote Originally Posted by Norman Hitt View Post
    Yeah, the currencies have been flip flopping around a good bit lately, but one forecaster that has been pretty good seems to think the yen will not continue to fare as well against the USD. Maybe if you don't have to have the money in YEN immediately, you could postpone the exchange for a bit and watch it, but who really knows what is going to happen in the long haul.
    Keep you money in USD, for at least the next six months, the Yen will fall again, one reason I'm going to buy that SawStop now, it is basically at a 15% to 20% discount to me in Yen, from where it was in the summer.

    I was told by a guy I know here who is a trader that some of the laws changed recently here for paying back loans. In a nutshell, guys in the US would borrow billions of yen from Japanese banks, the interest rates were darn near zero, they would borrow for a year, and in that year they would invest in very safe investments, things that were at 6% to 8% return, at the end of the year, they would pay the loan back, in USD and pocket the 5% or so they would make after everything, not a bad deal, if you can get it. The critical thing was they would borrow yen, convert to USD, then pay back the loan in USD. Now they can no longer do that, they have to pay the loans back in Yen, thus, there is a shortage of Yen in the market. This all started happening in the early fall, and in another 6 months at the latest, this will have all run it's course, as now the rules are understood and the easy loan in Yen, paid back in USD are not there anymore.

    I hope that makes sense, it is how it was explained to me.

    Cheers!
    The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
    William Arthur Ward

  9. #9
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    Quote Originally Posted by Stuart Ablett View Post
    Keep you money in USD, for at least the next six months, the Yen will fall again, one reason I'm going to buy that SawStop now, it is basically at a 15% to 20% discount to me in Yen, from where it was in the summer.

    I was told by a guy I know here who is a trader that some of the laws changed recently here for paying back loans. In a nutshell, guys in the US would borrow billions of yen from Japanese banks, the interest rates were darn near zero, they would borrow for a year, and in that year they would invest in very safe investments, things that were at 6% to 8% return, at the end of the year, they would pay the loan back, in USD and pocket the 5% or so they would make after everything, not a bad deal, if you can get it. The critical thing was they would borrow yen, convert to USD, then pay back the loan in USD. Now they can no longer do that, they have to pay the loans back in Yen, thus, there is a shortage of Yen in the market. This all started happening in the early fall, and in another 6 months at the latest, this will have all run it's course, as now the rules are understood and the easy loan in Yen, paid back in USD are not there anymore.

    I hope that makes sense, it is how it was explained to me.

    Cheers!
    That explanation pretty well follows what I have read about it too, Stu.

  10. #10
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    Greg I will check out what you have. This site (thanks again to all involved) regardless of our locations, keep us in touch.
    Jon

    God and family, the rest is icing on the cake. I'm so far behind, I think I'm in first place!

    Host of the 2015 FAMILY WOODWORKING GATHERING

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