CapitalismWorks_IHB
New member
<a href="http://www.ft.com/cms/s/0/582d470c-c307-11dd-a5ae-000077b07658.html">http://www.ft.com/cms/s/0/582d470c-c307-11dd-a5ae-000077b07658.html</a>
FCB Borrowers are Organizing (this ones for Graph)
- Thread starter CapitalismWorks_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
graphrix_IHB
New member
Woo hoo! A whole 300 people are interested in this idea. However, probably only half will actually follow through with the idea. So lets say 150 Chinese buy two properties each for a total of 300 houses, (some will buy 10, some will buy none, so the average is 2), and they do this in Southern CA (LA, OC, and the IE), and Vegas (you know the Chinese and their casinos). This will mean an inventory reduction of 0.02%. I'm so glad the Chinese will come and save the market, I might even sell them my house if they really do.
CW, thanks for finding this, I love the artcle. The best part was the quote from the expert...
<em>
?<strong>The US market absolutely terrifies me</strong>,? said one Shanghai-based real estate executive. ?However, there are plenty of people here who think this a great time for bottom-fishing.?
There is opposition in China to SouFun?s plan. ?<strong>Unless these people need a house in the US to live in, this is senseless</strong>,? said Yi Xianrong, a real estate expert at the Chinese Academy of Social Sciences. ?<strong>A few years ago there was a lot of talk about investing in German real estate but most of the people who did so lost a lot of money.</strong>?</em>
Thanks for the laugh CW, I needed it after seeing the jobs report.
CW, thanks for finding this, I love the artcle. The best part was the quote from the expert...
<em>
?<strong>The US market absolutely terrifies me</strong>,? said one Shanghai-based real estate executive. ?However, there are plenty of people here who think this a great time for bottom-fishing.?
There is opposition in China to SouFun?s plan. ?<strong>Unless these people need a house in the US to live in, this is senseless</strong>,? said Yi Xianrong, a real estate expert at the Chinese Academy of Social Sciences. ?<strong>A few years ago there was a lot of talk about investing in German real estate but most of the people who did so lost a lot of money.</strong>?</em>
Thanks for the laugh CW, I needed it after seeing the jobs report.
irvine_home_owner_IHB
New member
I think they already started... one day I came back home and there were 7 business cards on my coffee table... and pictures on the cards were not caucasian looking.
But that article is quite funny... because we all know the whole LA, SF and possibly Nevada comment is just a smokescreen... they are only going to one place to look... Irvine.
But that article is quite funny... because we all know the whole LA, SF and possibly Nevada comment is just a smokescreen... they are only going to one place to look... Irvine.