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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: Amark$p who wrote (55422)	9/24/2009 2:48:37 AM
From: TobagoJack	Read Replies (1) of 217802

<<Why do Chinese like real estate so much?>> ... in context of developing economy, and rapidly developing one at that, enhanced to effectively 0% nominal rate on deposit and negative real rate on same deposit, and given natural inclination to compete against neighbor on how many pieces of rental (as opposed to second home, secret hideaway, and such unproductive stuffing), the interest in r.e. would be high my upstairs neighbor had never occupied his unit in the past 12 years, and simply hold a big bbq party once every summer. the unit had never been leased out. he does not sell, and has no interest to lease out. the value of his unit quintupled in the past 120 months, i.e. sure beats bank deposit :0)

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