Rather Shocking News About the Real Estate Market:

[Vinylly]

We have a Chinese side to our family and have a brother- in-law and his wife who just came over from Peking for the Chinese New Year to visit relatives here, and also for business purposes. Seems his business in Peking is a venture capitalist. Apparently there are lots of wealthy business people in China that are buying up U.S. real estate. He is here representing a group of them and his job is to locate depressed real estate that he thinks has the best potential to take the most advantage of a new real estate boom if and when it does occure. Right now he and many other chinese are looking at Nevada. In fact they are buying up Nevada as fast as they can. So, I'm highly suspicious that if there is real estate improvement in Nevada, as well as other depressed states, it's not because our ecomomy is improving but because of foreign investers, including China, who are buying it up. This means that not only will China's wealthy citizens own a lot of our real estate but it's government is buying up Comrade o'Bummer's dept, will also own our country. A little scary, come to think of it, which means we could no longer own our own country, we will be owned by a communist country, lock stock and barrel. Since they own our government and country, seem they could make demands on how our government rules it's people, like do it our way or else we'll call in out dept, if not worse, like we could force you to do it our way. Since Comrade o'Bummer wants to weaken our military while China strengthens theirs, military force could happen. (Just my casual thoughts)

[NoLibZone]

The Chinese will do a better job running the nation than the DNC ever did.

I’d rather see Al Qeda in the WH then the DNC.

With them we will know where we stand.

[Jonty30]

This is the same thing Japan did, back in the 80’s and it will likely work out to be just as successful in the end.

[Rodamala]

Teach your kids Mandarin.

[monocle]

Nevada, particlarly Las Vegas, makes a lot of sense since many Chinese love to gamble.

[SeaHawkFan]

LOL. Had the exact same thought.

[Grams A]

I’ve said for a number of years now that we should be learning Mandarin instead of Spanish. China is going to own a whole chunk of the United States and its assets, particularly when interest rates rise and we can no longer afford even the interest of our debt.

[SatinDoll]

Yep.

I remember all the claptrap about how effective and knowledgable the Japanese are, and America is finished!

Wow, did the Japanese real estate investors take a bath in the 1980s!

I want to point out to you that Chnina historically is not a nation prone to invade outside nations. They seem to be quite comfortable with their geopraphical space: from the China Sea to the Gobi desert, from Mongolia to Vietnam.

[Jonty30]

If you think about it. Rich people invest where they can get the best deal. The Chinese rich are not investing in their own country, because they obviously don’t believe that they can get a very good deal for themselves in their own country.

So they are going to try and make money in a country that the vast majority of them are almost totally ignorant about?

You can’t make money in real estate, if you do not have good knowledge about the area, it’s laws, it’s taxes, and the subtleties.

[tsowellfan]

With them we will know where we stand.

LOL! Yeah, but you're giving too much credit to the DNC because I know where they stand and it's NOT on our side.

[SatinDoll]

Grams, I suggest you get a hold of a DVD documentary called the Money Masters. Great viewing, It explains how we could in just two years erase our debt.

Pretty amazing!

You can find it on Ebay, or order it from:

http://www.themoneymasters.com

By the way, the people behind BHO2 are the folks mentioned in the documentary. They’re interested in power and desire a Global Government with themselves in control.

[Jonty30]

China invades. They just do it differently. Their population will move into an area and gradually take it over.

They are invading Tibet, as we speak.

[DISCO]

Take them out skeet shooting and get them a drivers license and vote in the next election.

[cynwoody]

This is the same thing Japan did, back in the 80’s and it will likely work out to be just as successful in the end.

Example, from 1993:

Tujunga Golf Project Finds Tycoon Deep in the Rough : Business: Japanese entrepreneur lost $340 million in Pebble Beach deal. He faces FBI money-laundering probe.

Japan is somewhere waay over that horizon.

[Vince Ferrer]

This is true, and has been going on for about two years at least now, but it is as much of a reflection of how Chinese feel about their own country as how they feel about ours. Argentinians buy land and assets in neighboring Uruguay, because the Argentinian government can't confiscate it there. They know that if they keep all their money in Argentina, it will eventually get confiscated by the Argentinian government. The Chinese are doing the same thing.

[Vendome]

LOL

Heard this about the Japanese in the 80’s.

Let em buy real estate. It’s not like they can take it anywhere and when they implode they’ll have to sell just like Japan.

Mean while, we get American dollars working and Americans working.

[count-your-change]

Send those Chinese buyers to Detroit or Camden. Real estate is going cheap there and will probably be great farm land in a few years.

[Vendome]

I love that tree. I visit it every other month and take in the ocean.

Then I go to my favorite restaurant Portabello’s and have a great meal.

[cherry]

if China buys a lot here, then they want this country to remain strong economically...so they’ll keep buying our bonds and selling us cheap stuff...

[firebrand]

Sales of existing homes going up but not new homes. Investors looking for bargains with all the foreclosures. It’s not just the Chinese.