Trouble with globalization
Original post made by terry, Leland Manor/Garland Drive, on May 3, 2013
I have been told that a lot of recent purchasers borrowed money in China at the very low rates their government offered to stimulate their economy and that these low rates cannot be continued because they have a bubble (see 60 minutes) which will pop and that when that happens the Chinese who bought in California will be forced to sell and real estate prices will crash.
Does anyone know if all these purchases by Chinese are being made with borrowed money? If its capital they own I am not worried. If its borrowed money I am worried.
Employees-turned-owners revamp Cafe Alto, open new restaurant
By Elena Kadvany | 3 comments | 3,440 views
New York City College Tours, Part Two: NYU, CUNY Baruch, and NYIT
By John Raftrey and Lori McCormick | 0 comments | 2,585 views
Reducing Congestion and Parking Challenges While Respecting the Mobility Advantages of Cars
By Steve Levy | 12 comments | 1,990 views
Backlash Begins Following Serra Canonization Announcement
By Nick Taylor | 13 comments | 1,157 views
Council Priorities 2015: Honesty, Focus, and Listening about Listening
By Douglas Moran | 9 comments | 981 views