SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (82103)10/25/2011 4:36:45 PM
From: Snowshoe  Read Replies (3) | Respond to of 220075
 
>>bankruptcy lawyers who market to foreclosures are worried that business will dry<<

They should relocate to China, where the real estate bust is just getting started...

Shanghai owners protest as developers slash prices
news.yahoo.com

Upset home buyers gathered outside a developers' sales office in downtown Shanghai over the weekend demanding refunds after learning of the discounts now being offered, said Tang Minzhi, a spokeswoman for China Overseas Property (Group).Protesters also besieged offices of at least two other property developers in the city's eastern suburbs, some holding up signs demanding refunds.

State media on Tuesday reported similar gatherings in other cities as property companies have begun trying to trim inventories of unsold homes by offering discounts of up to 40 percent from recent prices.

Seeing later buyers get steep discounts has galled many who bought earlier but have not yet moved in, since many apartments are sold before they are built.