Sunday, March 01, 2009

Chinese Scoop Up SoCal Foreclosures

Check out the America Is For Sale (AIFS) Expo 2009 website here.


At 3/01/2009 2:38 PM, Anonymous Kevin said...

Could be great news for us!

The Japanese did something similar a couple of decades ago in our commercial real estate sector. Once commercial real estate prices dropped Americans bought many of the properties back at 10 cents on the dollar, resulting in a net transfer of wealth from Japan to the U.S.

Nice to see someone else ready to do us the favor again.

At 3/01/2009 5:42 PM, Blogger OBloodyHell said...

Yep, noted that myself some years ago with regard to the Chinese hoarding of American paper.

They'll do the same thing the Japanese did. Spend too much, too fast, and drive up the prices on what they are buying until the bubble bursts, then sell it all back for a song.

The fact is -- Our Rich Bastards are smarter than Their Rich Bastards. One thing, among many others, that America does have is First Rate Rich Bastards.



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