Notice 2011-101: Fill & Download for Free

QNET is a fraud company facing some serious fraud litigations in many countries of the world.It is known to have robbed many poor people of their life time savings and pushing some of them to the verge of suicide. The independent representative (IRs) who contact you try to paint a picture that their life is awesome and all is pure bullshit they themselves are the victims of this fraud and want to compensate for their loss by robbing you.Following is an excerpt from Wikipedia about this fraud company :Qnet has faced controversies since soon after its founding.[62]It has faced litigation in many countries and hundreds of IRs working for it and/or its many subsidiaries have been arrested.Gold coinsGoldQuest marketed a gold coin at a 100% premium over similar coins. The President of the Madras Coin Society warned that the Goldquest coin was neither a period coin nor it was from an authorized body.[63]Australian politician Cameron Thompson, the Nepalese Home Ministry, the Sri Lankan Central Bank, and the Iranian Government described GoldQuest as a pyramid scheme. In 2002, the Australian Office of Consumer and Business Affairs listed the company as one of 61 alleged pyramid schemes.[64][65]The Fatwa council at Dar al-Ifta al-Misriyyah declared that the binary form of transaction adopted by Qnet is prohibited under Sharia law.[66]2003In 2003, Indian police arrested two QI group senior managers in Chennai and froze the company bank account after receiving complaints from more than 50 of its members. In Philippines, the Department of Trade and Industry issued a cease and desist order after a complaint from a member. In Cambodia Goldquest organized the launch of Ankor Wat commemorative coins among 500 young Khmers who had paid $5 to attend and pick up a starter kit to help them sell. Managing Director, Richard Zinkiewicz, insisted that Questnet was not a pyramid scheme, because customers were never obligated to sell products and the product had real value. He said that the coins' high value was because they are limited edition collectibles. Eswaran claimed that the opportunities offered by QI could change members' lives.[52][67]Royal Monetary Authority of Bhutan asserted that GoldQuest was a pyramid scheme.[68][69]Nepal banned the company from operating there in 2003, while Bahadur Manandhar, chief of the foreign exchange department of the Nepal Rastra Bank, said GoldQuest was "a hundred percent fraud".[70]Sri Lanka banned GoldQuest in 2005, claiming that the company had caused 15 million dollars to leave the country.[41][43][71][72]In 2005, Iran banned GoldQuest, after prosecutors found that company activities had "led to the exit half of a billion dollars from Iran".[73]India declared both Goldquest and Questnet to be Ponzi scheme companies.[74][75][76][77]2007In 2007, APLI, the direct selling Association of Indonesia, called GoldQuest a pyramid scheme.[78]Interpol arrested Eswaran and other company officials for fraud.[79]Qnet responded that the allegation was unfounded.[80]After three weeks, Indonesian courts released Eswaran and dismissed the charges soon afterward.[12]Qnet continued to operate there.[81]2008In 2008, around 3,000 people marched on the presidential palace in Kabul to demonstrate against the temporary withdrawal of QuestNet's license to operate. The business launched with around 600 IRs in 2006 and had expanded to 21,000 when the government temporarily withdrew the license to enable it to write operating laws.[82]2009Rwanda banned QuestNet in 2009 for legal violations after The National Bank of Rwanda described the company as a pyramid scheme.[83][84]Questnet appealed and was granted relief on condition that it follow the country's laws.[38][85][86]That year Sudan banned QuestNet after allegations were made relating to poor product quality and the non-receipt of products.[87][88]The same year, Syria shut down QuestNet for violating its commercial registration, stating that the company had operated a pyramid scheme and withdrawn billions of Syrian pounds from the country, while paying few taxes.[89]The shutdown applied to all company agencies.[90]2010In 2010 Questnet opened in Turkey with 150 distributors. Police subsequently charged 42 of them with gaining an unfair advantage.[91]In 2011, the country investigated Qnet.[92]The Trade Minister warned citizens against such structures, claiming that 96 percent of members. About 20 million dollars were collected from the public.[93]75 people were taken into custody in Qnet offices. They were accused of contacting unemployed young people. New members paid $570-$1750 to join. A commission for each new member started at US$250. Members sold Chinese goods such as watches, necklaces.[94]In 2011, QI Group resumed operations in Turkey with the acquisition of the Dögan Hotel in Antalya.[95][96]Eleven members were taken into custody for questioning.[97]The Mardin Security Directorate arrested 12 people including a leader from Iran working QuestNet's Titan Happiness chain. About 110 thousand pounds of cash were reported to have been seized. They continued operating as Qnet after QuestNet was suspended.[98]53 people working for Questnet were detained in Ankara, Çorum, Antalya and Istanbul. An investigation was initiated against Eswaran. 30 thousand members lost money in a 50 million dollar fraud when the Turkey leg of the network collapsed.[99][100]2010–2012Egypt, Saudi Arabia, Indonesia and India accused Qnet of operating a product-based pyramid scheme.[101][102][103][104]Dar al-Ifta issued Qnet a fatwā in 2012 stating Qnet's business in Egypt is haram (forbidden under Islamic law).[105][106]In 2010 Saudi Arabia banned Qnet, accusing the company of theft, falsification, and failure to register, while warning citizens to avoid involvement in fraudulent schemes, mentioning Qnet specifically.[107][108]Iran announced the arrest 30 of Goldquest members on charges of defrauding people of more than 5 trillion rials. Goldquest had been banned in 2005.[109]Thirteen Qnet members in Tehran were arrested.[110]GoldQuest disputed Iran's findings, claiming that their Iranian operations were simply network marketing.[111]Journalist Donald Frazier said in 2012 that the charges against Qnet "tend to originate in apocryphal, anonymous or debunked sources".[112]2013In May 2013, Salma Sabahi, daughter of politician and Egyptian Presidential candidate Hamdeen Sabahi was accused of fraud for her involvement with Global Ad Mart. During the prior two years she doubled the size of her network, selling counterfeit watches and energy bracelets.[113][114][115]In August 2013, India made its first arrest in a case that began in 2008.[116]Members were arrested for cheating. Investigations reached Bangalore and Chennai. Six of Qnet's bank accounts were frozen.[117][118]A case of money laundering was registered against Qnet, its franchise Vihaan Direct Selling, and a few others.[119]About 200 members of PT Qnet Indonesia alleged fraud. Losses were estimated to be between Rp 7 million – Rp 10 million per person.[120]Kazakhstan banned Qnet.[121]2014In Philippines Goldquest failed to submit its annual report for the years 1999–2000, 2002–2003, 2007–2013 and 2009–12, as required by the Corporation code and had its license revoked.[122]In June 2014, Chairman of the Fatwa Commission of the Indonesian Ulema Council (MUI) Riau province, appealed to citizens to avoid the business.[123]In June, 2014, Tajikistan newspaper 'Jumhuriyat attacked Qnet as a dangerous financial pyramid.[124][125]The company claimed the accusations were false.[126]In September, Qnet sued private radio station and journalist Orzu Isoyev to protect its reputation after the station called the company the next pyramid.[127]Religious leaders stated that the company's activities violated Sharia law. This was because the activity involved deceiving people and because the work combined two transactions into one, in that the member must make a purchase and at also agree to find new buyers. In addition, the member can make profits at someone else's expense.[128]In India the key accused in Chennai was arrested.[129]In 2014, Mumbai police froze the bank account of Danesh Irani after it was alleged that he had received lakhs of rupees. In February 2014, the Managing Director Pushpam Appalanaidu of Questnet India was arrested on 21 cases of cheating.[130]Lookout notices against Eswaran and his business associates Dev Wadhwani and Sachin Gupta were issued.[131][132][133][134]Qnet claimed that Wadhwani and Gupta were independent representatives and not employed by the company at any of their offices.[135]Qnet advocated for the regulation of Indian multilevel marketing companies and for banning pyramid schemes.[26][136][137]The Qnet office in Bangalore was shuttered. The bank account belonging to a PR firm dealing with Qnet was frozen.[138]A radio announcer who had held training sessions to attract investors to Qnet was arrested in Mumbai.[139][140]In October 2014, Mumbai Economic Offenses Wing sent notices to Café Coffee Day to not allow Qnet representatives to hold meetings at their outlets.[141]In 2014 the Economic Offences Wing (EOW) of the Mumbai Police filed a First Information Report against Qnet and its Indian subsidiary Vihaan and barred them from holding workshops and training sessions.[142][142][143]2014–2015Three independent representatives of Qnet were arrested in January 2015.[144]In March two senior Qnet IRs were arrested.[145]Four Qnet associates were arrested at Vijayawada. Fifteen lakh were seized.[146]In July the Mumbai Police started a probe into an alleged deal with Wizcraft International Entertainment Pvt. Ltd that linked the International Indian Film Academy Awards and Qnet.[147]In Mali Qnet was accused of tricking people to join Qnet, even though most lost money.[148]In Russia Quest International had an annual turnover of 1.65 billion pounds. To join Qnet IR's had to buy 60,000 roubles worth of company products and then recruit two others who do the same. For every two recruits, the recruiter receives $250. Only 14% of those in the pyramid got their 60,000 rubles.[149]The company partnered with former professional tennis player Martina Hingis in September 2015 and announced her as a Brand Ambassador.[150][151]Qnet announced the liquidation of its office in Tajikistan on March 18, 2015, continuing its activities through a local company amidst accusations.[152]2016In March Mumbai police issued summons to a top official of FC Goa to inquire about their sponsorship by Qnet.[153][154]In June 2016 Delhi moved against Vihaan Direct Selling and three independent representatives for fraudulently operating a MLM scheme.[155]Hyderabad police arrested four Qnet associates in September. Mumbai Police recovered 144 crore by freezing bank accounts.[156]After a three-year probe, they filed a 55,000-page charge sheet against Vihaan directors and shareholders, which was Qnet's master franchise in India.[157][158]The Securities and Exchange Board of India advised victims to file complaints with appropriate authorities.[159][160]The Federation of Direct Selling Association rejected Vihaan's application, stating that Vihaan was in the recruitment business rather than retailing. It claimed that recruiting revenues were so large because recruiting rather than selling was the focus.[161]In April 2014, Baku, Azerbaijan opened a criminal fraud case against Questnet. In 2012 and 2013, Questnet employees had taken money totaling more than 27 thousand Azerbaijani manat from 16 residents.[162]In December 2016, two Questnet employees were sentenced to eight years in prison for defrauding some 15 citizens of over $65,000.[163][164]In Moldova, a once-closed fraud case was reopened based on numerous complaints.[165]Hundreds of Moldovans, eager to get rich overnight, went bankrupt after they were convinced by friends and relatives to join Qnet. They were promised thousands of Euros per week, but had to first buy at least $2000 of goods from the company. The newcomersfurther had to convince two more people to buy $2000 from Qnet to get a commission of $250.[166]An IR in Dédougou, Burkina Faso was prosecuted for fraud totaling 390,000 West African CFA franc of membership fees.[167]Hundreds of complaints were received. Each IR paid 450,000 CFA as member fees. Project officials were arrested and detained in Ziniare Prison and Correction Center.[168]Young people in Damascus were recruited by friends to join and pay the membership fee. They are given products to sell and taught to recruit others. Recruiters earn $200 for each pair of recruits.[169]Sri Lanka shut down Goldquest and QI. They were replaced by Global Lifestyle Lanka Ltd. Managing Director Selvarajan Wijayaratnam, Eswaran's brother-in-law and several board members were summoned. A former defence official was probed for allegedly receiving money to prevent Eswaran's arrest.[170][171][172][173][174][175][176][177]In Jaffna thousands of people protested for refunds.[178]A court there issued an interim injunction. The magistrate ordered a public awareness campaign and instructed Gram Sevakas to conduct awareness meetings.[179]2017In Saudi Arabia, network marketing was banned after complaints about companies including Tvi and Qnet.[180]Many Georgians took credits from commercial banks to buy Qnet products ranging from $500-$3,000 and claimed that they were defrauded.[181]The Central Investigation Bureau of Nepal in June, arrested 102 Qnet IRs on fraud charges. Some IRs received had as much as Rs 1 million.[182][183][184]The Jijel province of Algeria dismantled Qnet's network, alleging that recruits were promised trips abroad.[185]15 women suspected to belong to Qnet were arrested in Annaba State.[186]In Mostaganem three IRs were arrested.[187]Indonesia included Qnet on its list of bogus companies.[188][189][190][191]Four Qnet IRs were arrested for the murder of a Go Car driver.[192][193]Qnet claimed that the company was not involved.[194]In July 2017, at least 19 teenagers who had joined Qnet were evacuated from a shelter in Simo Boyolali Indonesia and returned to their parents.[195][196][197]They had been attempting to sell worthless products such as Chakra for Rp 8 million.[198]Similar cases of alleged fraud occurred in Sambi district.[199][200]Police raided a rented house in Tray district, finding 20 men and 4 women. Two of their leaders were questioned by the police.[201][202]In Jambi City detained 48 Qnet members for disturbing neighbors.[203]Dozens of youth were recruited in Kartosuro Sukoharjo Regency.[204]In Maharashtra a Court stated that Qnet operations were not legal.[205]In February Delhi High Court, dismissed a petition to quash aFirst Information Report describing Qnet as a scam.[206]In March forty-seven IRs were arrested and multiple bank accounts were frozen.[207]In April the Enforcement Directorate provisionally seized Qnet properties worth over 150 crore.[208][209]In May, the Economic Offences Wing Mumbai announced that a unit would be formed to compensate Qnet investors pending a court order.[210]IRs were arrested in Kerala,[211][212]Thiruvananthapuram,[213]Meerut[214]and Kochi.[215]Complaints were lodged in Hyderabad, Madhapur[216]and Mumbai.[217]In February, 2017 the Karnataka High Court quashed criminal proceedings against QNet executive Naresh Balasubramaniam in a cybercrime case over alleged fraud.[218]In March, 2017 the Supreme Court of India stayed further proceedings in all the 19 FIR's filed against Qnet and its stake holders across the country and granted bail to Michael Ferreira, former world champion in billiards, and another official of the firm's India franchise in a cheating case.[219]In Fardis Iran eight Qnet IRs were arrested for counterfeiting and fraud.[220][221]France 24 television investigated Questnet.[222]More than 100 youth from Togo were taken hostage under the banner of Qnet in Côte d'Ivoire.[223]Four Qnet IRs were arrested for allegedly recruiting 580 youth in Kumasi Ghana. The recruits were asked to pay 3,100 Ghanaian Cedi.[224][225]In Sri Lanka three Qnet-related schemes were investigated. The company was ordered to stop its activities.[226]2018Latvia television reported that QN Europe was a pyramid scheme.[227]The Ministry of Economy of Lebanon warned the public about Qnet.[228]In Mail following a violent protest, 10 IRs were arrested for fraud.[229][230][231]New members paid 400 to 6,000,000 CFA.[232][233]Malian spiritual guide, Chérif Ousmane Madani Haïdara stated that none of Qnet's medical products, had any effect and denied involvement with them.[234]In Indonesia, Qnet operated in Boyolali, Simo, Banyudono, Mojosongo, Andong and Ngemplak, and in Teras District.[235][236]Three IRs in Lamongan reported losses of Rp 76 million to investment company Pt Amoeba International that used the Qnet logo.[237]Action was taken against Qnet in Chennai,[238]Andhra Pradesh,[239][240]Nagpur,[241][242]Mumbai,[243][244]Maharashtra,[245]Karnataka[246][247][248][249][250][251]and Kanchipuram.[252]In Guinea, action was taken against Qnet in Labe[253][254][255]and Dixinn.[256][257]In Saudi Arabia Qnet IRs were arrested in Mecca,[258][259]Riyadh[260][261]and Najran.[262][263][264]In Ivory Coast Qnet IRs were arrested in San-Pédro.[265][266][267]Complaints led Turkey to list Qnet as one of 19 pyramid companies.[268][269]The Georgia Qnet office is managed by parliamentarian Eka Beselia's family.[270][271]Thousands of people who joined the Qnet network lost money invested in the company.[272]The Fatwa Committee of Kurdistan Iraq, issued a statement denouncing the activity of Qnet as haram.[273][274]In Senegal Qnet recruited 108,000 members charging between 500 and 700 dollars. The official who issued document of official recognition to Qnet was arrested.[275][276]In Ghana Qnet claimed that its network employs 10,000 people who earn between 1000-10000 dollars per month.[277]In Gambia IRs were arrested.[278]In Kazakhstan Qnet was accused of making false promises.[279]2019In India Qnet faced legal action and/or arrests in Kukatpally,[280]Cyberabad,[281][282][283][284][285][286][287][288]Bangalore,[289][290][291][292][293]Hyderabad,[294]Goa,[295]Rajasthan,[296]Telangana[297]and Powai.[298]Cyberabad police began investigation of the suicide of a former techie owing to alleged losses suffered after investing Indian Rupee 25 Lakh in Qnet Ponzi scheme. He had enrolled six members and was under extreme pressure to enroll more members, his family claimed.[299][300]The police have written to several investigating agencies including Reserve Bank of India, Enforcement Directorate, Income Tax Department, Serious Fraud Investigation Office, Registrar of Companies, India about how the firm was running Ponzi schemes and have created thousands of investors across the country.[301]A man in Chennai committed suicide after being tricked to invest INR 8 Lakhs in Qnet multi level marketing company by his cousin.[302]A software engineer in Navi Mumbai allegedly committed suicide although his brother refuted his friends claims that he was depressed following losses from an investment of INR 2.5 Lakhs in Qnet.[303][304]The Registrar of Companies in Karnataka had inspected the books of Vihaan Direct Selling Pvt Ltd, a franchise of QNet, and based upon the report, it had filed winding up petition before the National Company Law Tribunal.[305]Ministry of Corporate Affairs official communication stated that Lookout circulars were issued against 12 persons associated with the company as directors or promoters.[306]70 people were arrested and 38 cases registered against the company in different police stations.[307]People in Odisha had registered a complaint with the Economic Offences Wing against QNet for allegedly cheating them of lakhs of rupees.[308]A former member of QNet who launched his own multi-level marketing firm after he lost 13 lakhs rupees in QNet scheme was arrested by Cyberabad police for running a money circulation scheme.[309][310]Three persons in Kerala were arrested by Payyanur police after complaint was filed by a person who was asked to invest in the company.[311]In Indonesia, in Malang in separate incidents, police rescued individuals allegedly held captive by Qnet personnel.[312][313][314]Six youths claimed to be victims of QNet multi level marketing business who were promised of job placement with a salary of Rp 3 million per week but first had to deposit an initial capital of Rp 9.5 million per week to join QNet. They revealed that they were taught to recruit at least two downlines in order to reap profits but the money paid to join cannot be withdrawn later.[315][315]Lumajang Police arrested the director of PT Amoeba International affiliated with PT QNet for running business as a money game system using the pyramid mechanism. New members who joined Qnet were required to find two new members in which each left and right leg of the pyramid will continue to branch off.[316][317][318]Lumajang Police Chief explained that in a pyramid scheme, even if there are goods, actual sale of goods is just a cover. Almost 87 percent people lose their money, which is why it is prohibited in many countries.[319][320]Thousands of people along with dozens of victims of QNet pyramid scheme descended on the roads to support the police chief and the cobra team to investigate the fraud.[321][322]Channel 31 (Kazakhstan) reported that in Karaganda region one person had to undergo treatment after joining Qnet.[323]In Conakry, Guinea, 100 people were arrested for involvement with Qnet.[324]In Sierra Leone investigations of Qnet were demanded by IRs claiming they had been defrauded.[325]In Senegal a dozen IRs were arrested along with two company executives.[326][327]In a public press conference, the Director, National Agency of Financial Investigations in Chad declared Qnet as a criminal enterprise and asked the public to remain vigilant. The pyramid scheme had extorted 91 million Central African CFA franc from vulnerable groups in over 4 years.[328][329]Over 100 people from Togo became victim to a big scam called Qnet. They were told by friends that they found jobs in Ghana with a monthly salary of 300,000 CFA franc but were instead made to pay 500,000 CFA franc for training. The victims without knowing the name of the company, sold things, mobilized the money and went into debt, only realizing later that they have joined Qnet against their will.[330][331]213 nationals belonging to Mali were found to be victims of a scam network in Abidjan in Ivory Coast where each Malian had paid the sum of 3,00,000 to 20,00,000 CFA franc.[332][333][334]In Ghana about 50 foreigners who were employees of Qnet, were deported for not having resident permits.[335][336]Police in Alborz Province of Iran arrested 13 members of the pyramid company Qnet who were recruiting people where each invested 200 million Iranian rial. They were later sent to prison.Source: Qnet - Wikipedia

We bought our home in Los Altos 38 years ago for $63,000. You would fall over in a heap if I told you how much it was worth today.You can take out all your charts and Excel spread sheets and diagrams and long term projections and I'll tell you this, I don't care one bit what they say.We couldn't afford the down payment on this house when we bought it. We had to borrow some money from my husband's father.I wasn't sure how we were going to afford our "massive" mortgage payment of $536 a month, taxes and insurance included.It's the best investment we've ever made.I've been through at least four housing bubbles and you what, the housing market always comes back. You know why? There's only so much land in Silicon Valley and it's pretty much all gone.If you want to send you kids to the best schools, live in the Cupertino School District or the Los Altos School District.To answer your question, yes, I think anytime you buy a home in this area it's a good time to buy a home in this area.A friend just sold their home in Menlo Park. They'd bought the home 23 years ago for $450,000 and sold it for $3 million.They sold it to one of the inventors of the web cookie, Lou Montulli, and he had just written an article about why he would never buy a home in the Bay Area.After writing a very convincing article about why he'd never buy a home during this "bubble", he had to "confess" in the comment section that he'd just bought one.This is the confession:I need to publicly confess my sins and admit that we bought a house. We made a compromise on a busier street than we wanted, but get to stay close to our friends and community that we love and our kids don't have to change schools. House shopping has been incredibly stressful, I am overjoyed to have it behind us.This is the article.Another housing bubble in the Bay AreaAnother housing bubble in the Bay AreaI moved to the Bay Area in 1994.Source: Zillow.comI bought my first house in 1996.I sold that house in 2000 for more than twice what I paid for it, and moved up to Truckee, CA.I moved back to the Bay Area in 2006 during the last housing bubble and felt that the market was overvalued, so I decided to rent. I found a high end rental house and have been renting for the last 7 years. I have saved roughly $600K in housing costs during that time vs owning the same house.Record growth this yearThe market this year is red hot. Year over year home prices are up about 31%. Across the street from me a developer built a 4,000 sqft house on a 8,000 sqft lot and sold it for $4 million. The most expensive home on the street previously had been only $2.5 million. The owner of the house I have been leasing noticed and has wisely decided to cash in on the current market, so now I need to find a new place to live. I have been making the tour of houses in Menlo Park for the last two months and I'm exasperated. Very average houses are going for well above asking price and land values are crazy. Complete tear downs are selling for close to $2 million. How does this make sense? I created a spread sheet to try and analyze the market and see if it makes any sense.According to Zillow the average house in Menlo Park is currently $1.46 million dollars, that is up from $1.04 million in May of 2011. Keep in mind that these are averages and include condos and distressed properties and houses literally right next to highway 101. The real truth is that you can't buy a "normal" house for less than $1.9 million and that "normal" house will be about 1,600 sqft. The average cost per square foot is at or above $1000 sq/ft. Any house that you might consider "fancy" is 3 million or more.The recommended guidelines for housing costs are about 28% of after tax income. In California, people are used to spending more income on housing so doubling the figure is about 55%. I built a spread sheet that calculates the full cost of owning a home and will calculate the income required for 28%, 55% and 75% of income going towards housing. The spreadsheet takes into account the mortgage interest tax deduction and the property tax deductions.If I run the numbers for $1.46 million and $1.9 million here are incomes necessary to have 28%, 55% and 75% of income going to housingNow lets look at the average income in Menlo Park. Average income can be misleading since it also includes people who are not home owners. The published average household income for Menlo Park is about $110,000. If I dig a little deeper and take just the most affluent area of Menlo Park we can find that the household income for West Menlo is about $220,000. (The data source is city-data.com)So we can see that at $1.4 million the average household would be spending 75% of income on housing. The real reality of $1.9 million would find that average household would have to spend 94.5% of their income on housing.I think that it is pretty clear from the data that the average person cannot afford the average house right now. But what does that mean?What is causing the spike in pricesIf the average person living in an area could not afford to re-buy the house that they are living in, what does that mean?The neighborhood could have a recent influx of new buyers that are more wealthy than the existing base. (This is usually called gentrification)Supply is constrained and this is temporarily pushing up prices.Interest rates are about to rise and people are buying before they go up.The Facebook effect?The tulip craze is back.Is it really Gentrification?Gentrification is a possibility, but is it really happening? How many people really make $885K a year? Let's me more reasonable, lets allow for 55% of income for affordability, so the real question is how many people really make over $420K. According to the IRS in 2010, 800,000 people in the US make $500K or more. How many of them live in California? I can't find a direct source for this, but we can estimate it. According to theIRS in 2009 about 20% of Millionaires live in California. If I generously estimate that 75% of them live in the Bay Area and not LA then we have about 15% of all the Millionaires living in the Bay Area. That's 120,000 people (very approximately) in the Bay Area with household income above $500,000 per year. So I guess this is a possibility.Similar Neighborhoods in the penninsula: (number of households)Menlo Park: (12,000)Palo Alto: (25,000)Atherton: (2,500)Los Altos: (10,000)Hillsborough: (3,600)Los Gatos: (12,000)Woodside: (2,000)Total: (67,100) peninsula onlyConstrained SupplyThis does seem to be a serious problem. There just are not enough houses for all the people moving here. Additionally, Prop 13 encourages people to stay in their homes and never move, so there is very little turn over in the market. High prices combined with taxes hurt turnover as well. If you are living in a house that is suddenly worth 2 million dollars it is very hard to sell because taxes will take half the proceeds. Then you need someplace else to live and everything costs more than a million dollars.Basic economics says that prices will go up if there is more demand than supply. But how high and why now? Supply has been a problem for the last 20 years. Why is the market up 30% in one year?Interest rates on the riseI think the recent spike may be related to interest rates. As interest rates climb the monthly cost of a home goes up substantially. I did all my affordability calculations at 4% interest. Here is a table of annual cost for a 1.9 million dollar house at different interest rates:4%5%6%7%$146,000$160,000$173,000$188,000That equates to more than a thousand dollars a month in difference for each percentage point. At 7% you would spend $42,000 more per year on the same house than at 4%. If interest rates return to normal levels of 7% over the next few years, it should cool the market considerably.Facebook?There is more than 75 Billion dollars worth of new value in the Menlo Park area. The vast majority of that is owned by a small number of people, but there are at least a few hundred new Millionaires in the last year.Tulip craze?Are we in another temporary bubble? I really don't know, but I hope so. Nobody benefits from sky high real estate prices, except the real estate industry itself. Surrounding neighborhoods are also experiencing record setting prices. The Zillow Palo Alto index is over $1.7 Million and even towns like Sunnyvale and Mountain View, which are traditionally far less expensive, are approaching $1 million. Local companies will not be able to attract talent to the area if people can't find an affordable place to live. Keep in mind that the national average for a house is $158,300. I would never expect the Bay Area market to be average, but I would expect it to be closer to 5x the norm rather than 10x.What am I going to do?I love living in the Bay Area and I love Menlo Park most of all. The combination of an amazing climate, proximity to fantastic natural wonders like Tahoe, Marin and Napa and last but certainly not least the amazing people who live here. If I could convince myself that the market won't fall again in the near future I would be happy to buy an overpriced home here. Unfortunately I'm convinced of the opposite. I think the market will correct downward at least 25% in the future, but I don't know how long it will take.Some people called me crazy back in 2006 when I predicted a correction. They said that real estate in California never goes down and even bet me that it wouldn't. I won money on those bets, but I was polite enough not to collect since the folks who said it lost a lot in the down turn. I was complacent in 2009-2010 and didn't buy then, so now I'm in a difficult spot, my mistake.Barring a happy accident falling into my lap with an under priced gem, I will be renting again. The rental market is just recently starting to correct closer to ownership prices, but it is still a much better value than owning, it also carries no risk of a massive loss if the market corrects back to normal levels again.Here is my spreadsheet that has the calculationsPlease leave a comment with your favorite theory and prediction for housing prices in the future.

Horribly Misrepresented; Outting Arnie Rosner (Scanned Retina); To The Supreme Commander of the Joint British Armed Forces; Cheat Sheet to End Confusion; The Continuing Debacle and The Remnant; Dear Mr. Trump, On This Day;Horribly MisrepresentedInboxAnna von Reitz13 March 2019, 20:10 (14 hours ago)to Paul, bcc: meHorribly MisrepresentedAll information seeming to suggest that I am or ever was an "Agent of the Vatican" comes directly from me, so there is no effort to hide anything I have ever done, nor is there any mystery concerning why I have done what I have done. This particular example that Arnie Rosner is waving around comes from my book, Disclosure 101.In October 2007, I brought our objections and research directly to the Pope, Benedict XVI.Why? Because he (and his Successors) are in charge of the Civil Government in this country (not civilian, civil) and as anyone can observe now--- thanks largely to me--- both the Territorial and Municipal (Civil) Governments are functioning in gross Breach of Trust.It does no good in a compartmentalized hierarchy to attack low level employees; they can do nothing to change anything.So realizing that the problem with our civil government administration at the federal level was within the Pontificate and its administration, I went straight to the top, because lower authorities would only defer to the Pope.He heard me out. He was stunned. His answer was, and I quote, "Nobody told me!"So the Office of Evil was such that even the purported head of the organization wasn't told what was going on.I was in the midst of giving Notice to his employees and cohorts in the Church concerning the Great Fraud. Benedict asked me to add his authority to that Notice process, as the ultimate employer of the civil (municipal) government.He asked me to do this for him so that the weight of his office would tell the employees to reform and not just ignore the Notice.This was an unpaid mission that I was engaged in anyway and his reasoning made sense, so that is what we did.That Notice process took seven (7) years between October 2007 and April of 2014. In that time period, about 10,000 pieces of mail went out of my home office at my own expense, informing members of the Municipal Governments worldwide, and the Territorial Governments, too.When Benedict XVI left office in 2013, I had a few months left to do. Francis did not end the Notice process, nor change the arrangement, so it continued on to its logical end in 2014.The Final Judgment was issued in April 2014 and is published in my book, Disclosure 101.A great deal of work has gone into giving every Territorial and Municipal organization on Earth a shot at doing the right thing, or at least not doing the wrong thing.All these Notices went out via "Notice to Agent is Notice to Principal; Notice to Principal is Notice to Agent", so we may assume that far more than 10,000 people worldwide were made aware of the Breach of Trust and criminal mismanagement ongoing in this country and many other countries around the world.So far as this work was concerned, the Church Officials did what you would expect Church Officials to do. They took steps to correct and then they battened down the hatches and have done what they could to protect the Church. The Office of Pontiff was dissolved and ended in 2011, along with the underlying Trust, the Romanus Pontifex.I don't know how other people view the current state of the world, but to me it is clear that the Apocalypse --- the Great Revealing --- has come and much of the dirty linen of the Roman Catholic Church has been prominently on display, including this vast exposure of wrong-doing by the Municipal Governments that are supposed to be operated "lawfully" --- not legally.The Municipal United States Government which administered the civil government here has always been under the ultimate control of the Pontificate and has now, since 2011, been passed on directly to the Holy Roman Empire.This situation was not the original structure of our government.That is, the Municipal United States oligarchy run by members of the Territorial Congress, was never meant to run our civil government.That duty was supposed to be performed by the States of America organization that was destroyed and never reconstructed after the Civil War. The ensuing "emergency" and the rationale that "someone had to do it" while the "government [Federal branch of the Federal Government] was in "abeyance" led to these abuses.But in point of fact, the entire circumstance didn't affect our actual government at all, as both the States and the People remained after the Civil War, and all this corruption was based on deliberate misrepresentation and self-interested constructive fraud.In any event, as my Letter to Cardinal George of Chicago (published on my website) makes clear, the tenor of my communications and Notices throughout this seven year period were high informative and critical of the Municipal Government and the Church's failure to do right by the States and People of this country and cannot in any way be taken as "pro status quo" or "working for the Pope" in continuance of their bad behavior.My role for those seven years was to give them Due Process ---and that I surely did. Any misrepresentation of me being "in league" with those forces in the Vatican that were promoting these crimes against Humanity needs to be squelched with prejudice. I was already the driving spearpoint demanding reform and restitution from the Pope(s) when Arnie Rosner was sitting around on his duff watching re-runs of Bonanza.---------------------------------------------Outting Arnie Rosner (Scanned Retina)InboxAnna von ReitzWed, 13 Mar, 00:15 (1 day ago)to Paul, bcc: meOutting Arnie Rosner (Scanned Retina)At first, until he realized that he wasn't going to be able to get me to lead any kind of insurrection, Arnie Rosner befriended me and championed the information I was bringing forward.But as soon as he realized that I was non-violent and lawful in my approach, he dropped me like a rock and claimed that I was a "Vatican Agent"....Now, just today, I have accused him of being a Zionist Agent, which amounts to the same thing as a Vatican Agent, because in the sense he meant it, both are Satanists and neither are Jews nor Catholics.So, he did follow their Standard Operating Procedure and accuse me of being what he is himself, and now, I am returning the compliment.The Zionists have been aching to get something going on our soil --- another mercenary conflict, another civil war. They would like nothing better than a little "insurrection" so they could bring out the canons and SWAT teams and start mowing innocent people down.That's how they make money. A lot of money.And killing off their Priority Creditors means that they never have to pay us back.They can also collect over a million dollars a head for every one of us killed in "Life Force Value Annuities" and "Life Insurance".Then, once we are dead, they can come in and claim all our "abandoned" property.Finally, they can charge our grandchildren for the "service" they performed getting rid of us.That's what they did to the Russians during the Russian Revolution and what they did to the actual Jews in Germany and that is precisely the same song and dance of inciting violence that Arnie Rosner has been doing for the last couple of years.Anyone promoting violence of any kind should be marked and marked well as an Enemy of our Country and our People. They are promoting action that will provide an excuse for mercenary thugs to invade us under the pretense of "peacekeeping".Have nothing to do with Arnie Rosner or anyone else like him preaching violent revolt and talking nonsense about "critical mass" and cheerleading to get former veterans involved in marches and other activities calculated to spark tempers and allow violent incidents.Play cool. Play smart. Get even. Give them no excuse.And shut your ears to the Arnie Rosners of the world who are trying to get us to revolt and take violent actions. That's what he wants. Not what we need.-------------------------------------------------To The Supreme Commander of the Joint British Armed ForcesInboxAnna von Reitz12 March 2019, 00:03 (2 days ago)to Paul, bcc: meTo The Supreme Commander of the Joint British Armed ForcesTrump-Queen-2018.jpgCommander-in-chief of the British Armed Forces - WikipediaNicholas-Carter-British-Chief-General-Staff-2019.jpgWith respect to your published comments:Our American Sovereignty derives from William the Conqueror; our claim of sovereignty is equal to or greater than any claim that Elizabeth Windsor (=Wind-sur) can make.As your Queen holds authority delegated to her by us and you hold authority delegated by her, simple logic mandates that the management of the US Forces are our joint concern.We should like to know by what plausible stretch of the imagination the failed military leadership proposes that they should assert authority under a delegated sovereignty in full view of the fact that they gained power by fraud and maintain power by fraud and have:1. Failed to protect and manage our money since 1863;2. Undermined the civilian government;3. Bilked and embezzled their actual employers;4. Promoted WWI and WWII and countless other atrocities;5. Now offered us a QFS that works five minutes a day;6. Proposed that all our economic affairs should be under their control;7. Subjected our non-domestic population to exotic warfare tests;8. Press-ganged innocent Americans under force;9. Mis-characterized our people in violation of the Geneva Conventions;10. Conspired against The Constitution of the United States of America;11. Plundered public trusts created under conditions of constructive fraud;12. Allowed our country to suffer nine decades of inland piracy;13. Pretended that the word "benevolent" can ever enter into any of this.This past week you have witnessed a silent, but we trust, effective demonstration of power and determination: World War III will not be allowed, nor will any continued Raj in America.Most sincerely,Anna Maria---------------------------------------------Cheat Sheet to End ConfusionInboxAnna von Reitz9 March 2019, 06:56 (5 days ago)to Paul, bcc: meCheat Sheet to End Confusion1. The United States is the Proper Name of the Union of republican soil jurisdiction states, representing our combined National Jurisdiction2. The United States of America is the Proper Name of the Federation of land jurisdiction States, representing our combined International Jurisdiction.3. the States of America is the Proper Name of the Confederation of States of States -- commercial corporations chartered by the States of the Federation, representing our combined Global Jurisdiction.4. the United States of America is the Proper Name of the British-controlled Territorial Branch of the Federal Government and the Territorial United States.5. the United States is the Proper Name of the Holy Roman Empire-controlled Municipal Branch of the Federal Government and the Municipal United States.You can now clearly see all the opportunities for deceptive word-play that have been possible with this situation and why so many people have been confused.----------------------------------------The Continuing Debacle and The RemnantInboxAnna von Reitz7 March 2019, 03:40 (7 days ago)to Paul, bcc: meThe Continuing Debacle and The RemnantMost Beloved Francis,We wish to express our Extreme Displeasure:The US Municipal "Congress" is out of control. They may be out of their minds, too.They can't be allowed to abuse bankruptcy and just continue merrily on. You know this.No doubt Cardinal Parolin and the others know this, too---whether or not they want to admit it. The entire world is watching and knows the score, knows what was done, by whom, to whom.The Subcontractors are even worse, if possible. All these bogus "Federal" Agencies are nothing but a huge expense and a nuisance. They create trouble out of thin air just to give themselves something to do--- and then ignore all the work that they are supposed to be doing.The FBI, DOJ, BATF, FEMA, IRS, CIA, et alia --- they are all rampaging around on our shores causing trouble, mis-addressing Lawful Persons, staging all sorts of stupid military "operations", trying to confuse everyone with deceitful use of language, getting ready to stage a "civil war" on our shores, the entire point of which is to kill us, their Employers.The Holy Roman Empire needs to stand down and assist the Lawful Government of this country. What should have happened in 1865 needs to happen now.The Apocalypse has happened and is ongoing.The Great Tribulation has been paid.The Remnant has returned.Do the right thing.Anna Maria-------------------------------------------------Dear Mr. Trump, On This DayInboxAnna von Reitz7 March 2019, 02:47 (7 days ago)to Paul, bcc: meDear Mr. Trump,On this 6th day of March in the year 2019, we wish to convey our sympathy and support against the outrageous and unauthorized actions of the Municipal United States Congress. Feel free to exercise your options.We realize that you are not responsible for their Bad Behavior and we are forwarding our Displeasure to those who are responsible for THEM.We would like to see a directive go out to the United States Military to properly inform all members that just because they signed up to act as "United States Citizens" as a condition of receiving a paycheck, the rest of us are under no such obligation and must be left alone, not addressed, not spied on, not harassed, coerced, or made subject to any racketeering or unjust demand at all --- ever, with regard to our choice of political status or the exercise of our rights and guarantees, including our exemptions.We have a nasty DOD-UN CORP-FBI and other assorted Municipal Alphabet Soup group being run out of Michigan calling itself the "Michigan General Jural Assembly" but in fact they are misrepresenting themselves as a lawful State Jural Assembly and are apparently aiming to set up a Municipal Corporation merely named after the actual State---instead.A "Bait and Switch" Operation.We deduce this from the fact that their leadership all claims "United States Citizenship" or "Citizenship of the United States" and they continue to promote the idea that such "Citizens" have Constitutional rights and guarantees and tell people that they can retain such citizenship obligations at the same time that they are purportedly acting as one of our State Jural Assemblies.Our States do not now nor have they ever allowed Dual Citizenship.We protest against all of these continuing "similar names deceits" and against all of these various foreign corporate enterprises seeking to impersonate our actual States while being guests upon our shores.We ask for your assistance in properly informing these groups and individuals --- some of whom may be well-meaning patriots who are simply confused, some of whom are no doubt acting as Undeclared Foreign Agents.Among all the other Disinformation that supporters of this group are spreading is the idea that the "FBI" has approached me and asked me questions and otherwise bullied me. This is not true, nor should it be. As a Subcontractor of a Subcontractor, the FBI has no authority to address me and neither does the IRS or any other Municipal Agency.We wish for your Administration to make it completely clear that none of these contractors are to investigate, meddle with, contact, address, coerce, lie to, attempt to interfere with, co-opt, misdirect, or harm any American who is claiming their lawful birthright political status as an American State National or American State Citizen of any of the now-fifty States.We wish for all Military Contractors to be fully advised.We are the lawful Civilian Government of this country and we are fed up with the "Service".Any service organization wishing to get a contract or keep one needs to stop playing games and do their actual jobs--- jobs which do not include running co-option schemes and psychological warfare operations on the People of this country.We request and require the full and explicit compliance of all military personnel, including subcontractors, to cease and desist all operations aimed at destabilizing, thwarting, impersonating, co-opting, misinforming, threatening, bullying, or otherwise interfering with our State Assemblies or mis-addressing our Lawful Persons.We also request and require that they cease and desist all operations seeking to establish commercial corporations "in our names" or the names of our States. This is an unwelcome, unnecessary, fraudulent usurpation against the actual States and People of this country.We are quite competent and capable of issuing our own charters and will do so -- an eventuality which is not the business of any Territorial or Municipal Citizen, nor any Federal Agent, Agency, Subcontractor, or Department.Thank you for your service and patience in the midst of such injustice.Anna MariaLawful Money here I come!! (See Anna Von Reitz)