More evidence of a bubble in Chinese Real Estate. Luckily, our own banks aren’t in any condition to be piling in…yet.
Real Estate Bubble
Against the backdrop of China seeking to cool off its economy, today might be a good time to reasses what we actually own.
The “everybody’s a real estate mogul” era started innocently enough, with a distaste for the stock market after the dot com meltdown and an incredibly long stretch of time with 1% interest rates. The leap from trading up in house size to using home equity loans for financing boat purchases certainly didn’t take very long. …
I’m far from perfect and no one should point fingers at those who make mistakes, as we are all human. That said, in keeping with the recurring theme of my blog these days that “The Emperors Have No Clothes”, let’s take a look at those who chose to be wrong…those who had all the information but went out of their way to ignore it and be epically, willfully ignorant.