http://investmentwatchblog.com/realist-news-60-percent-of-all-home-purchases-are-cash-only/
The banks must love this. They don't get any interest for this. (MUAHAHAHAHAHA!)
Our complex is Chinese owned. It always has been. The first owner was wonderful, the next two were idiots, and now we have a super nice one. He's a sweetheart, kind of funny, filthy rich, not anally retentive, and he's renovating this place and charging marginally under average rent.
I think this is absolutely HILARIOUS!!!!!!!!!!
Unfortunately this isn't good news for the buyers. I feel kind of sorry for them. I have more respect for China than the u.s.. Yes, it has problems. We don't? HUH!
