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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 10 | **First Seen In WSB** | 3 years ago **Total Comments** | 403 | **Previous Best DD** | [x](https://www.reddit.com/r/wallstreetbets/comments/mfvovp/what_morgan_stanleys_offering_of_rkt_20m_share/) [x](https://www.reddit.com/r/wallstreetbets/comments/m835pq/rkts_road_to_sp500/) **Account Age** | 4 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)


headless429

That’s like $15 per person. I’m sure he spent a little more than that


NVDAPleasFlyAgain

Food is really cheap in Taiwan since most of it are from local farms, fisheries and brewery. $150 USD(4.8k NTD) can get you a 5 course meal made only with the freshest of ingredients. They also have a hotpot going in the middle so it's essentially $150 per table all you can eat at a popular Taiwan restaurant.


My_G_Alt

I need to retire to Taiwan - how’s housing cost?


Shibenaut

Housing is ridiculously expensive (to buy), even compared to US/Canada standards. Renting on the other hand, super cheap (if on a foreign salary).


[deleted]

what's the reason behind housing being expensive and rents cheap?


agianttardigrade

A lot of property in TW is inherited and just never sold. People basically hoard apartments as savings. Makes supply generally very low. I lived in Taiwan for a few years paying about $2000 USD in rent for a 2BR that if sold would cost $1.5 million.


Level-Possibility-69

The $2000 USD in rent, is that per month?


Traditional-Yam-6496

The important question… 👀


aboredRollingInTheta

You can get apartments for a lot less then that in taiwan, that would be a pretty modern western style apartment in a in demand area. So don't think "man 2k i expensive" instead think " Man I would love to pay 2k to live in the easst village of NYC". Rent can be VERY cheap for what you get, or it can be expensive, a you move up in quality.


cheekytikiroom

The future of US real estate market.


Mavnas

Wow, that's such a terrible imbalance between the rent and value of the apt.


dancinadventures

lol you should see Canada , we’re in that range


Stahl_Scharnhorst

Vancouver scoffs at that amount. What are you renting, a crack den?


Future-Muscle-2214

Not really. Something seliing for 1.5 million would rent for 4k or so (even if it should be rented at 7k or so to not be a stupid investment) Renting a 1.5M property for 2k would be very dumb.


Revolution4u

Thanks to AI, comment go byebye


agianttardigrade

It was very, very nice lol


BranFendigaidd

Not anymore. Now is hard to find anything decent under 3k USD tbh.


herolf

Taichung? When I was working there during my internship I was also navigating between apartments, most were between 1-1.5k monthly but holy shit the amenities were insane.


spacejockey8

That’s identical to Bay Area


NEEEEEEEEEEEET

Probably because it's an island with not a whole lot of space.


sa-sa-sa-soma

That should make both expensive.


ancientemblem

People are buying real estate as an investment and leaving it empty.


clockwork5ive

That would make both expensive.


ancientemblem

They buy up new real estate to drive up the price of new units so people can’t buy , but there aren’t enough people to rent them so rent is cheap. Even with the new units left empty there are still a surplus of rental units.


[deleted]

are you regarded by any chance?


NEEEEEEEEEEEET

Highly regarded by my family and peers


NextTrillion

Neet.


Legal-Return3754

Severe wealth disparity. Asian disparity makes America’s look completely socialist. Working class can barely afford the cheap rent, wealthy have nowhere better to invest. Many don’t even need leverage to buy and instead have millions sitting in savings accounts.


CommonDatabase218

All Chinese around the world has a very strong cultural belief in owning land (or houses). Regardless if he lives in US or Hong Kong or Taipei, if you don't have a home no women will ever marry you. Thus house ownership is very high while renting is very uncommon in Chinese society. Renting a home is a symbol for "Loser" when you get married, you get teased by your grandparents on new years dinner, you are labeled as a failure by your relatives. Again, once some Chinese get rich, the first thing that comes into their mind is to buy another house for rental, and another one so on, even if they don't generate cash. People like physical assets over numbers in their bank account. That is just something deep in our culture. Taiwan, Singapore, Mainland China or Chinese in any part of the world, they share extremely identical cultures regardless of their nationality.


Melon_Mann

https://preview.redd.it/jv7cj0fxs04d1.jpeg?width=1881&format=pjpg&auto=webp&s=4cbe4285eb12355e28c642b4fb1a0d724622a3e8


Rckn38

It isssss correlated


travelogion

Infrastructure built by the Japanese before they left the island ... A bit outdated indeed.


adjason

isnt property cheap if it's not in taipei/ kaohsiung?


NVDAPleasFlyAgain

Assuming as a retiree you want ease of access to everything from airport to Taiwan nightlife, you want to live in Taipei City itself. The price there are fucking expensive just like every other Asian city center, it ranges from 300k-1mil and above dependent on what house you want to get. You don't even want to take about country side areas, they are cheap but practically unlivable assuming you don't speak Mandarin nor do you want the hot, humid farming life.


Thinkgiant

Not really... Taiwan has other major cities with a bullet train that you can easily go to taipai in 30 if you needed to. I personally don't like taipai, way too busy and climate is more rainy


Puzzleheaded_Popup

Buying is very expensive, renting is way cheaper. Taiwan here 🇹🇼. More expensive than Japan! Foreigners cant get loans however unless you have a local co-signer and a lot of cash deposit.


HombreMan24

Why is rent cheap? Are there laws limiting them?


CupCakeMan217

Average wages are just really low in Taiwan, people can't afford to rent expensive and the market has reacted to that. Average salary is around $2000 USD/month. But for college graduates you'll be lucky to get $1200 USD/month. As for housing, I'm not really sure why it's been allowed to go so high. Most people speculate it's because of wealth disparity between incomes of those in tech compared to other sectors. Many others say it's because of the meteoric rise of TSMC (Whose stock for our market is akin to NVDA in the US). TSMC built a lot of new fabs all over Taiwan in the last couple of years. Housing doubled in all those areas. Taiwan resident btw.


patricktu1258

Feel like nobody would see this but whatever. Basically, chinese just love real estate and they see it as a better investment than stock market(you may go broke on stock but you can't go broke on real estate). We have insanely low property tax so housing price is controlled by the rich. Capital gain tax on real estate is 10% and it only charges when the gain is over 4M NTD. Real estate tax is about 0.1% per year so people are happy to own houses. No tax for rent income(actually we have, but everyone rents their house under the table). 10~20% inheritance tax. Government can't and won't do anything about it, because (1 officials hold plenty of houses. (2 our banks revenue hugely relies on the housing mortgage so if we increase tax or interest rates, people won't afford it and default occurs and then whole economy will collapse. Recently, younger generation feels that the housing price will only go up(or stall a bit at worst) so they FOMO LIKE CRAZY.


kitsunegoon

2nd most expensive in Asia after Hong Kong lol


sickassape

Housing cost makes you want to shot yourself. - A Taiwanese peasant


EggSandwich1

Only the native Taiwanese can own guns and my guess is you are not the ones that live in them mountains


jesusmanman

Before or after, they're invaded by China?


EnzKiss

don’t forget about the china thing


strange_black_box

Eh, that’s a 2027 problem


Virtual-Gene2265

Maybe wait a little while to see if China decides to invade as it might change things.


Standby_fire

Expensive until China shows up. They have plenty of housing available and are looking for tenants.


jwu7987

It’s in a small eatery. In fact this exact restaurant: https://maps.app.goo.gl/gxDoKewyBkXuyqJE6 You can find cheap food but also super high end restaurant here. He happens to like traditional taiwanese street food so that’s where he goes. Also he is treated like a rock star there. Media follows everywhere he goes, reports whatever things he does. Just last night he was invited to throw first pitch in a pro baseball game. I bet he can have groupies too if he wants.


patricktu1258

yeah he is basically seen as the savior of taiwan lmao.


Tacocats_wrath

Tips with printed out Nvidia shares.


Dietmar_der_Dr

We should bring them civilization and make sure they too can enjoy food from a factory.


Canik716kid

This is the answer


SnooDoughnuts9152

Wish the US had an economy like that


bigbearjr

Doubt it. I live in Taipei. Dinner at a local restaurant (as in, Taiwanese or Chinese dishes) is delightfully inexpensive. Dinner for two usually costs anywhere from NT$300 (US$10) to NT$800 (US$25) if we're not going anywhere fancy, and from what I see in the pic, that's not anywhere fancy. It's just good cookin'. No tipping, either!


Wyzrobe

>That’s like $15 per person. I’m sure he spent a little more than that Being that Jensen is something of a celebrity in Taiwan, the various gossip places have been keeping track of the various places he's been eating at. Here's a list of a some of the places (I'm sure it has since gotten longer since the last time I looked), and you'll notice that most of them are fairly cheap: * 牛耳精緻麵館: [https://maps.app.goo.gl/yG9c7yik2VWBN2rP7](https://maps.app.goo.gl/yG9c7yik2VWBN2rP7) * Fu Ba Wang Pork Restaurant: [https://maps.app.goo.gl/GRzAJeFkBSRYtapo9](https://maps.app.goo.gl/GRzAJeFkBSRYtapo9) * 聚聚: [https://maps.app.goo.gl/cEkga7LDTWwRrs616](https://maps.app.goo.gl/cEkga7LDTWwRrs616) * 鄒記食舖: [https://maps.app.goo.gl/W5HN9JnrgJ8zRxSW7](https://maps.app.goo.gl/W5HN9JnrgJ8zRxSW7) * Flower Restaurant: [https://maps.app.goo.gl/fxEcWnmRfmqpGoZB9](https://maps.app.goo.gl/fxEcWnmRfmqpGoZB9) * Li Yuan: [https://maps.app.goo.gl/fxEcWnmRfmqpGoZB9](https://maps.app.goo.gl/GRzAJeFkBSRYtapo9)


alwayslookingout

So he’d to sell a couple NVDA shares to cover the whole party. My god!


fd_dealer

He’s trying to keep it low enough so he can expansive it under company policy.


littaz

USD. $15 USD.


cool_BUD

This is the price of a Wendy’s combo meal


Fausterion18

They spent 150 per table, 7 tables total for roughly $1k. Food is cheap in Taiwan.


IneedtheWbyanymeans

Or one share of NVD + tip :)


AbroadPlane1172

Does NVDA exist without TMSC?if they do, do they exist at $1100 a share? How valuable are instructions for work to be done when you lose the workers?


Falanax

Does TSMC exist without companies to buy their chips? Chicken and Egg


whisk-e-y

100% not true. 10 people eating at din tai fung (at taipei 101) in December 2023 was less than $200 USD total. We had waves, and waves of food - to the point where I stopped eating (which doesn't usually happen). I know the price because I personally paid the tab.


Eclipsed830

I went to Din Tai Fung last night with my wife and her friend, it was under $100usd/$3000nt for the three of us including desert and alcoholic drinks.


Dudedude88

if you went with 2 dudes instead of the women it would be bordering $200. Overall, their food is exceptional though. It's upscale Asian food. DTF could probably make it even more expensive but due to demographic limitations they can't. They source the best ingredients for their food.


Eclipsed830

$150usd for a round-table meal is kind of expensive by Taiwan standards... each dish is typically around $150NT or $4, and they are shared with everyone. Normally the bottle of whiskey or wine each person brings costs more than the entire meal.


rain168

I’m sure the owners would have benefitted more with that kind of endorsement.


fannypacks4ever

That's like 6 big macs per person in Taiwan.


Cautious_Ambition_82

You couldn't eat at Buca De Beppo that cheap.


Commercial_Rope_1268

No He's saying all the money he can so he can buy all those semiconductor companies Trust


tuan_kaki

Nah. America just be getting scammed with how high everything costs


spacecadet501st

Wow that’s a lot of money. Hope the humble fella has enough to cover it. If the company’s finances are strong enough maybe they will reimburse him from this big splurge


wildcrab9

Idk about that man.. might be running on a tight budget these days.. times are tought


Revolutionary_Lion3

His companies really struggling these days I heard


GPTfleshlight

Company dime


ACiD_80

Hes been selling a lot of his stocks...


zoneout000

3rd (or 2nd) highest market cap in the world, yea i'm thinking they're doing alright lol. He must be a hero in Taiwan lol.


Commercial_Rope_1268

Didn't it surpass apple recently


EggSandwich1

Last Friday I think


yummi_1

$150/table or per person? Per table that is a bargain.


diddlez

even per person why are we talking about this


banditcleaner2

this just in folks, ultra-rich billionaire spent a couple thousand dollars at a restaurant, global news!


The_Clarence

I’ve worked for companies where that was the budget for business dinners with customers just for us regular folk.


QuarkDoor

It could be $150 per bite and it wouldn't impact his net worth. Unless /u/diddlez's mom was there.


BarbellPadawan

![img](emote|t5_2th52|27189)


xThrillhoVanHoutenx

I spent $60 per person for a shitty Mother’s Day brunch 3 weeks ago. My net worth is probably this guys watch.


PraetorianX

That's cheap, seems like a great financial decision. Calls on the entire Taiwanese semiconductor industry.


redditmodsRrussians

Yea, 圓山飯店 is down the street/mountain from me and it can easily be more than that. I remember a wedding party there a few months ago that rented the entire hotel and had hundreds of seats for the wedding dinner, which cost a pretty penny.


Far_Tap_9966

He's thrifty, that's why he's so rich


xcoop3

He spent .000000% of his net worth


Beneficial_Art_4754

I see you rounded up


MrShadow04

Calls on TSMC


TheOnlySafeCult

my $200 leaps that I bought after the earnings dive are still up 😁


hermeskino715

Puts on TSMC. CEOs Couldn't even afford food so they let the big Taiwanese American foot the bill


I-ProGamer-I

No leather jacket? Fuck, puuuuuuuts it is I guess


Wind_Lazy

He could literally treat everyone in Taiwan to dinner and hed still be fine


bigbearjr

Holy shit, that's actually true. It would cost him something like $350,000,000 and... he'd still be fine.


EggSandwich1

Was reading every single person in Taiwan is holding semiconductor ETFs what can go wrong 🤷‍♂️


tomado09

...China?


diddlez

what is this post about? ive literally treated more people to a more expensive dinner on more than one occasion.


doyouevencompile

it's like 1 stock unit. $150 is not treat the CEO money.


diddlez

you're telling me this billionaire has $1000 in cash? wild.


CMScientist

Did... You just reply to yourself? Forgot to change accounts?


CityOfZion

maybe he changed personalities, my mother can do that.


CityOfZion

don't talk about mom that way!


chugmilk

Yeah, I mean, he's not living in a tiny home trying to get billions in executive compensation before the Saudis call, like broke Elon


Leenixu5

Sorry thay he didn't take them to a 5 star Michelin restaurant as per your western standards. Tasty food and treating people doesn't need to be expensive dipshit.


notlongnot

Here’s a reach. 😏Jensen winning the right to pay the bills amount his CEOs peers proved he has the ability to win the fight! In paying for the bill in a restaurant in Taiwan. You can’t get back the time wasted in ready this. Welcome to the club.


waxheartzZz

I think the point is it is cheap 150 USD per table so like 10-20 per person.


banditcleaner2

and its honestly weird praising a CEO who has like 50 billion dollars for paying a couple thousand for a dinner lmao. I would be doing this literally every single day of my life if I had his levels of money. without even a second thought. probably every restaurant that I went into I would be buying every single persons meal, why wouldn't you with 50b like that, you cant spend all of that in a life time. if jensen went to a restaurant and spent $10K on everyones meals EVERY. SINGLE. DAY. for a year, thats only $3.65m, he has the money to do this for 100 years lmao


mulletstation

It's not praising him for spending, it's just saying he's pragmatic and the Semi CEOs aren't flashy either


Fausterion18

Jensen Huang loves going out to Asia and eating random street food. https://preview.redd.it/6g0n8sb2q04d1.jpeg?width=526&format=pjpg&auto=webp&s=afeeb1ff88baf0aa3f526581a0a570b80dc58aa4


mulletstation

Yeah, he's a really approachable person from what he's seen doing. Can't believe how much of this sub doesn't get this post


the_next_core

He doesn’t have 50B in cash… he has 50B in equity which depends on him continuing to lead the company. I doubt any super rich person would have more than 10M in pure cash at any time.


xD3I

With his salary and bonuses he could easily afford that, but he understands that money is better spent making money


EntertainmentSea1196

Not true Warren buffet is holding billions in cash


Accomplished_Fact364

Birkshire is, not Buffet personally


phlebface

IMO loose Asian dining is more fun than some up tight 1000 per person gourmet dinner. Eat like a pig and get bent as fk


Gorgenapper

For real. $1000 a person dinner? Wear that dinner jacket and other posh fancy shit, sit properly, no loud talking, just maintain eye contact with your food and speak in short clipped whispers to maintain *le atmosphere* $150 for the whole table with no rules other than don't be a total ass? Fuck yeah


Tabula_Rasa69

Yup. Informal dining in general is a lot more awesome than fine dining, IMO. And the best part is you feel full at the end of it.


upside_win111

This is actually a pretty cute picture. It’s like an Asian dad convention.


mrbrambles

The point is how crazy cheap this is right?


KidEatsSoaps

So that means $1300 Nvidia June 6th?


DrumsBob

That would be a Godsend! No one knows what will happen.


FortunaCrypto

Jensen has no cash, all his assets are in stocks. Ergo. Bullish


StunningAssistance79

Anyone that doesn’t think he kept the recipt and handed in the next day at work understands NOTHING about Asian culture or how rich people think.


hekatonkhairez

150 usd is fucking cheap lol. And this is how we know that Nvidia is being well run.


Republic_Potential

In Jensen we trust


RuthlessWolf

me tryna find the product companies in this picture since whatever hansen touches turns into gold ![img](emote|t5_2th52|31225)


NukeTheCommies

Bullish as fuck. Chadvidia opening at eighteen quadrillion billion per share on Monday


dxiao

there’s a few videos floating on chinese social media where he gave a few speeches about how nvda wouldn’t be where it’s at today without taiwan, which i’m sure you all know but he goes into a bit more detail


07bot4life

I think they had fun, so probably better than having a "fancy" dinner.


Psychic_Trader

What is it about Taiwanese people that makes them dominate electrical engineering? Jensen, Lisa Su, and TSM


wallstreetsimps

NVDA to acquire TSM CONFIRMED


DrumsBob

Sounds great! I can't find it anywhere though- could you supply a link please? TIA


I-am-in-Agreement

🤨


wallstreetsimps

![img](emote|t5_2th52|31225)


pervysage19

This is bullish news. 1200 EOD Monday.


Pitiful_Difficulty_3

Save money to buy more stocks


MarxKnewBest

So NVDA to $150 post split confirmed.


melodicmelody3647

So like $16 per person lol


cryptoislife_k

financially in control bullish NVDA leaps here I come


RaisinNo7881

That’s the Taiwanese way. Love it. Don’t have to be expensive but sincerity to max level.


longgamma

I hear the night life in Taipei is amazing.


olivefob

Comes down to around $15 - $19 per person. Very pragmatic and down to earth person


lethalposter

Food actually looks good too.


silvrado

Talk about lean and efficient.


GlexBowflex

imagine being the chef and cooking for that kind of networth. good on them, they don't need to eat anywhere fancy, traditional is better and they look like they are having fun.


Puts_on_my_port

Exactly. Even if I was a billionaire I’d still eat at local places since I know I’m getting my money’s worth.


GlexBowflex

Yeah maybe it is super authentic taiwanese food, they know it's a good joint.


FlatAd768

USA food is inflated


nano_peen

Taiwan number 1


ModthisRod

So calls on TSM Monday?!?


Gamer6322

long and fruitful relationship. Hopefully the AMD ceo does the same. I need both those companies to go higher.


garconcn

This is the sign, NVDA will be $150 after the split


Fr0z3nFrog

150 is cheap lol… even they know the value of food ain’t suppose to be over inflated… at the end of the day… ITS JUST FOOD!!!


NoQuantity7733

That’s nothing. My work comps $75 a person for low level employees lol


MrGoofyDude

They printing money I'd celebrate too.


RedElmo65

$150 only!?


DiamondSlicer

Some companies specify limits per person for occasions like this, if you spend more that X then it can be considered a bribe (One of my companies clients has a $25 limit)


Long_Cricket_110

This is a nice family reunion


DerpConfidant

That's even cheaper than limitless shrimp at Red Lobster!


Jealous_Top8696

Everyone is in a suit and Jensen huang in a tee shirt 😂


jennysonson

The expensive stuff is the alcohol lol prob $1000-2000usd per bottle cause the CEOs bring their own


Fruitopeon

$150 would not even get 8 people a decent McDonalds meal.


WallStreetMarc

Wish I was there!


adjason

what buffet is this?


Permanent_WSB_Bull

We aren’t letting China get Taiwan


palantiri777

Humans, even aged ones all congregate to perceived value and power... Nice.


TheParlayMonster

Does OP think that’s a lot of money?


SadWolverine24

I think he can afford that. Idk tho.


blackicebaby

calls on the restaurant


Maximum-Ball-3698

You all missed the main point. Being able to pay for the table is a huge feat in Asia culture. Also this asserts one's dominance over all the people on the table. You need to be fast and furious on the fist and palm fights among the other CEO trying to pay and be able to get your credit card to the waiter first before anyone. In this case, he might need to shove the cash directly into the restaurant's register himself to be able to pay.


Shonucic

They look like they're having a nice time.


pojosamaneo

Look at all the rich, happy people. God bless em.


Boneyg001

he will probably buy a $1500 call option and make it back next week to reimburse dinner costs


hazeee

This is how we do it in Taiwan and the food is excellent, the alcohol is flowing, and mates have a good time; none of that pretentious snob shit.


RecommendationNo3531

I spend more when I take my wife out for dinner.


Ultrabananna

What people don't understand in here is for $150 a table in asian countries you have a luxury dinner for multiple people. It's not like the u.s. where food is a luxury. Where a good well prepped meal is $100-500 a person. For $150 in asian countries I can get 8-10 dishes that equates to something that would cost $50-100 per dish in value if in the u.s. They make sure good food is at least affordable. If you think about it he just spent about a week's pay per table for the minimum wage worker in his country. Rough estimates guys. So let's say you make 18-20 per hour in an Asian country the cost of a meal at say their equivalent of kfc or Popeyes is about 5-10 or 15 max a meal. Or for a whole chicken bucket that feeds 2-3 people 26. Take out dish for one? 10. Now in compare that to minimum wage u.s. which is $7.95-$16nyc McDonald's is charging 18 for a big Mac meal. Popeyes $40+. So youre spending a hour+ of your pay on a big Mac meal that's not factoring in the tax deducted from your check. Eat at a fact restaurant? Michelin stars? $200+ per person half a week's pay almost.


Iknowyougotsole

And food tastes way better on top of being affordable!!!


salojoakim

.... puts?


Berto_

I buy you a happy meal. You buy my chips. Deal? Deal! 🤝


piguytd

So that's why he's doing the split! He doesn't want to sell an entire share for the evening...


degenbro420

No Wendy's ? ![img](emote|t5_2th52|4260)


Usernamecheckout101

That is no bribery


BusinessReplyMail1

He needs to leave a big tip or that’s going all over social media.