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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.93-0.4%Dec 24 4:00 PM EST

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To: Haim R. Branisteanu who wrote (94045)8/29/2012 5:05:42 AM
From: TobagoJack  Read Replies (2) of 218708
 
yes and maybe no

back in 1991 my english chinese jewish brother's shanghai chinese moslem wife got two adjacent and uglier beijing apartments from the state machinery import/export company she worked for in exchange for rmb 38000 each (@ then exchange rate, usd 4,900 each). other old state-owned but company-controlled apartments were dispensed to colleagues in the same trading company.

my brother moved into some spiffy marble and swimming pool equipped home in 2001 in exchange for usd 300k.

today the ugly old apartments are scheduled for redevelopment and are valued at usd 200k each, and the place they bought on own is in 7 digits.

what real estate is worth seems to be a very local affair, depending on much other than the esthetics of the building.

should the east german barracks be master-planned to be redeveloped, then oh whoa wee
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